Canara Robeco AMC IPO 2025 : Details, Price, Band & GMP

Canara Robeco AMC - Company Background

Canara Robeco Asset Management Company Ltd, is the AMC that acts as the investment manager for the Canara Robeco Mutual Fund. The AMC is a joint venture between Canara Bank and Orix Corporation Europe BV (formerly Robeco NV). The fund offers, equity, debt, hybrid and other asset management products to investors in India. It handles a total of 26 schemes, of which 15 are equity and hybrid funds and the remaining 11 are debt funds. It has a nation-wide distribution network of 52,343 distribution partners across India.0

The IPO is entirely an offer for sale (OFS), wherein, Canara Bank and Orix Corporation NV will be offering shares, the two promoters of the AMC. The IPO will be lead-managed by SBI Capital Markets, Axis Capital, and JM Financial; while MUFG Intime India Private Ltd will be the registrar. The company is headquartered at Mumbai. Being an offer for sale, no fresh funds will come into the IPO, and will only result in resetting of ownership for listing.

Highlights of the IPO Issue

Here are the key highlights of the public issue of Canara Robeco Asset Management Company Ltd.

• The IPO of will be open from October 09th, 2025 to October 13th, 2025. It has a face value of ₹10 per share and IPO price band is set in range of ₹253 to ₹266 per share.

• The IPO of Canara Robeco Asset Management Company Ltd will be entirely an offer for sale (OFS) by Canara Bank and Orix Corporation, with no fresh issue component.

• The OFS of the IPO comprises the sale of 4,98,54,357 shares (498.54 lakh shares), which at the upper price band of ₹266 per share translates into ₹1,326.13 crore.

• Since there is no fresh issue, the OFS size will also be the overall IPO size. Hence, the overall IPO will also comprise of the offer for sale (OFS) of 4,98,54,357 shares (498.54 lakh shares) worth ₹1,326.13 crore at the upper band price of ₹266 per share.

Post the IPO, the shares of of Canara Robeco Asset Management Company Ltd will be listed on the NSE and the BSE on the IPO mainboard.

Key Dates, Investor Allocation, And Lot Sizes

Here are the key dates pertaining to the IPO of Canara Robeco Asset Management Company Ltd

Data Source: Company RHP

Investors can apply either through their existing trading account or the ASBA application can be directly logged through the internet banking account. This can only be done through the authorized list of self-certified syndicate banks (SCSB).

The table below captures the gist of the allocation to various categories.

Data Source: Security Parameters Filing (NSE)

The anchor portion, is carved out of the QIB portion and the QIB portion available in the IPO offer has been reduced proportionately. Please note that the above shares are final and may differ marginally from the original announcement. Here is a quick look at the lot sizes applicable for the IPO of Canara Robeco Asset Management Company Ltd for various categories of investors.

It may be noted here that for the B-HNI category and for the QIB (qualified institutional buyer) category, there are no upper limits applicable. (1 Lot = 56 shares)

Financial Highlights

The table captures the key financials of Canara Robeco Asset Management Company Ltd for last 3 financial years.

Data Source: Company RHP filed with SEBI (FY refers to Apr-Mar period)

AMC stocks in India have commanded very strong net margins and even in the case of Canara Robeco AMC, the net margins are close to 50%. This has been one of the reasons, the AMC stocks in India have done extremely well after listing.

Valuation Metrics

At the current issue price of ₹266 per share, the valuation of the company is at a P/E ratio of 27.8X in terms of latest year EPS of ₹32.46. The robust levels of PAT and ROE make the stock a strong base case, more so considering that most of the other AMCs also get very rich valuations in the market. In India, the big growth story has been about bancassurance model and that is where Canara Robeco can extensively leverage the distribution strength and reach of Canara Bank. It can be a good mode to participate if you missed out investing in AMC stocks in the past.

A Brief on the Anchor Allocation

The anchor issue of Canara Robeco Asset Management Company Ltd saw a strong response on 08th October 2025 with 30.00% of the IPO size absorbed by anchors. Out of 4,98,54,357 shares (498.54 lakh shares) on offer in the IPO, anchors picked up 1,49,56,306 shares (149.56 lakh shares) accounting for 30.00 of the total IPO size. The entire anchor allocation was made at the upper end of the price band of ₹266 per share. This includes the face value of ₹10 per share plus a share premium of ₹256 per share. The anchor bidding process opened and closed on 08th October 2025.

Key Points to Note in the Anchor Allocation Process

Here are the key details pertaining to the anchor bidding of Canara Robeco Asset Management Company Ltd

An anchor investor in an IPO is a qualified institutional buyer (QIB) like a foreign portfolio investor or mutual fund or insurance company or a sovereign fund which invests before the IPO is made available to the public as per SEBI regulations. It helps in price discovery.

Anchor Allocation Investors

On 08th October 2025, Canara Robeco Asset Management Company Ltd allotted 1,49,56,306 shares to 25 anchor investors. The allocation was done at the upper IPO price band of ₹266 per share which resulted in overall anchor allocation of ₹397.84 crore. The anchors have already absorbed 30.00% of the total issue size of ₹1,326.13 crore. Listed below are the Top 10 IPO anchor investors who accounted for anchor collection of ₹249.45 crores, or, 62.70% of anchor allocation.

Data Source: BSE Filings (Value Allocated in ₹ in Crore)

The detailed and comprehensive report on the anchor allocation with the mutual fund portion separated can be accessed on BSE by clicking on the link below.

https://www.bseindia.com/markets/MarketInfo/DownloadAttach.aspx?id=20251008-63&attachedId=8d9bd15d-d2b3-488f-9bd2-1677488bbbdd

Out of the 1,49,56,306 shares allocated to the anchors in the IPO, there were a total of 1,14,76,360 shares allocated to mutual funds registered with SEBI. The allocation was made to 18 mutual fund schemes across 11 AMCs. Mutual funds accounted for 76.73% of the total anchor allocation of the IPO. Global FPIs, sovereign funds, and insurance companies were very active in participating in the anchor allocation of Canara Robeco Asset Management Company Ltd.

Next Step in the IPO

Post the closure of the IPO subscription on 13th October 2025, the basis of allotment will be finalized on 14th October 2025 and the refunds will be initiated on 15th October 2025. In addition, the demat credits are expected to also happen on 15th October 2025 and the stock will list on 16th October 2025 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 15th October 2025 under ISIN (INE218I01013).

IPO Subscription Status On Day-1

As of 5.20 pm on 09th October 2025, out of the 348.98 lakh shares on offer in the IPO (excluding anchor portion), Canara Robeco Asset Management Company Ltd saw bids for 79.45 lakh shares. This implies an overall subscription of 0.23X at a macro level. The granular break-up of subscriptions as of the close of Day-1 of the IPO of Canara Robeco Asset Management Company Ltd was as under:

The subscriptions were led by the Retail Investors followed by the HNI / NII investors and the QIB investors in that order. QIB bids and NII bids typically gather most of the momentum on the last day, and that would be the case in this issue also. Both the QIB and the NII bids pick up momentum on the last day since that is when the bulk HNI funding bids, corporate bids, and the bulk QIB bids come in. The company had a strong anchor portion response a day ahead of the opening of the IPO. Here is the category-wise subscription. The overall subscription ratio excludes anchor portion.

Data Source: NSE / BSE (as of close of Day-1 of the IPO)

The IPO is open up to October 13, 2025, at which point we will know the final subscription status of the IPO.

IPO Subscription Status On Day-2

As of 5.30 pm on 10th October 2025, out of the 348.98 lakh shares on offer in the IPO (excluding anchor portion), Canara Robeco Asset Management Company Ltd saw bids for 168.70 lakh shares. This implies an overall subscription of 0.48X at a macro level. The granular break-up of subscriptions as of the close of Day-2 of the IPO of Canara Robeco Asset Management Company Ltd was as under:

The subscriptions were led by the Retail Investors followed by the HNI / NII investors and the QIB investors in that order. QIB bids and NII bids typically gather most of the momentum on the last day, and that would be the case in this issue also. Both the QIB and the NII bids pick up momentum on the last day since that is when the bulk HNI funding bids, corporate bids, and the bulk QIB bids come in. The company had a strong anchor portion response a day ahead of the opening of the IPO. Here is the category-wise subscription. The overall subscription ratio excludes anchor portion.

Data Source: NSE / BSE (as of close of Day-2 of the IPO)

The IPO is open up to October 13, 2025, at which point we will know the final subscription status of the IPO.

IPO Subscription Status On Day-3

As of 7.30 pm on 10th October 2025, out of the 348.98 lakh shares on offer in the IPO (excluding anchor portion), Canara Robeco Asset Management Company Ltd saw bids for 3,399.83 lakh shares. This implies an overall subscription of 9.74X at a macro level. The granular break-up of subscriptions as of the close of Day-3 of the IPO of Canara Robeco Asset Management Company Ltd was as under:

The subscriptions were led by the QIB Investors followed by the HNI / NII investors and the Retail investors in that order. QIB bids and NII bids typically gather most of the momentum on the last day, and that was the case in this issue also, albeit to a lesser extent. Both the QIB and the NII bids pick up momentum on the last day since that is when the bulk HNI funding bids, corporate bids, and the bulk QIB bids come in. The company had a strong anchor portion response a day ahead of the opening of the IPO. Here is the category-wise subscription. The overall subscription ratio excludes anchor portion.

Data Source: NSE / BSE (as of close of Day-3 of the IPO)

The IPO was open up to October 13, 2025, and has now closed for subscription as of the close of trading on Monday. The subscription update in the table above reflects the final subscription status as of 7.00 PM, the final reporting time on the last day of the IPO. The above subscription ratio reflects the full and final subscription status update of the IPO of Canara Robeco Asset Management Company Ltd.

Abouit the Canara Robeco Asset Management Company Ltd

The IPO of Canara Robeco Asset Management Company Ltd opened on October 09th, 2025 and closed on October 13th, 2025. The overall IPO comprised purely of an offer for sale (OFS) of 4,98,54,357 shares (498.54 lakh shares) worth ₹1,326.13 crore at the upper price band of ₹266 per share. The allotment status will be finalized by end of day (EOD) of October 14, 2025. Here is how to check your allotment status for the IPO of Canara Robeco Asset Management Company Ltd. You can check IPO status on the BSE website or on the NSE website or on the IPO Registrar website (MUFG Intime India Private Ltd).

Checking The Allotment Status of IPO on BSE Website

This is a facility available to all mainboard IPOs, irrespective of who the registrar to the issue is. Visit the BSE link for the IPO allotment by clicking on the link below.

https://www.bseindia.com/investors/appli_check.aspx

Once you reach the page, here are the steps to follow.

• Under Issue Type – Select Equity Option

• Under Issue Name – Select Canara Robeco Asset Management Company Ltd from the drop-down box

• Enter the Application Number / CAF exactly as in the acknowledgement slip OR

• Enter your PAN (10-digit alphanumeric) number

• Once this is done, you need to click on the Captcha to verify you are not a robot

• Finally click on the Search Button

You can use either of the parameters to query; Application / CAF number or Investor PAN.

The allotment status will be displayed on the screen in front of you informing about the number of shares of Canara Robeco Asset Management Company Ltd allotted into your demat account. You can save a screenshot of the allotment status output for subsequently verifying with the demat account credits.

Checking The Allotment Status of IPO on NSE Website

This is a common link for all IPOs. Click on NSE link for IPO allotment as below.

https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids

Once you reach the page, here are the steps to follow.

• Under Issue Type – Select Equity & SME IPO Details Option

• Under SELECT SYMBOL – Select CRAMC from the dropdown box

• Enter the Application Number / CAF exactly as in the acknowledgement slip AND

• Enter your PAN (10-digit alphanumeric) number

• Once both are entered, click on the Submit Button

You must input the Application / CAF number and the Investor PAN.

The allotment status will be displayed on the screen in front of you informing about the number of shares of Canara Robeco Asset Management Company Ltd allotted into your demat account. You can save a screenshot of the allotment status output for tallying with the demat account credits.

Checking Allotment Status of IPO on MUFG Intime India Private Limited

Here are the steps to follow. Visit the Link Intime registrar website for IPO status by clicking on the link below:

https://in.mpms.mufg.com/Initial_Offer/public-issues.html

There are 4 options available to you to access the allotment status, and you can use any of these options to query.

• You can use PAN access. Enter the 10-character alphanumeric income tax permanent account number (PAN). Make it a point to verify your PAN before entering.

• The second option is to use Application Number / CAF to query the allotment status in the IPO. The application / CAF number is available on the acknowledgement slip.

• You can use DPID-Client ID combination. For NSDL combination is alphanumeric, while for CDSL, combination is numeric. This is available in your demat statement.

• You can also query by the combination of your bank account number and IFSC number provided as the IPO mandate bank. It is available on your cheque book.

Finally, click on the SUBMIT button.

In case, you have any issues with the output, register an investor query with Link Intime India Private Ltd. You can either send an email with all requisite details and problem to [email protected] or you can call on (0)-81081-14949 for voice call.

Modest Listing For Canara Robeco Asset Management Company Ltd

Canara Robeco Asset Management Company Ltd had a modest listing on 16th October 2025. On the NSE, the stock of Canara Robeco Asset Management Company Ltd listed at ₹280.25, a smart premium of 5.36% to the IPO issue price of ₹266 per share. The issue was subscribed just 9.74 times overall at the close of the IPO, so opening sentiments being modest was along expected lines. However, had the market sentiments been stronger, even the post listing performance could have been better.

On the BSE also, the listing of Canara Robeco Asset Management Company Ltd was at a modest premium. Against the issue price of ₹260 per share, the stock listed at ₹280.25, a premium of 5.36% to the issue price. The stock of Canara Robeco Asset Management Company Ltd is on T+1 rolling settlement system.

How The Stock of Canara Robeco Asset Management Company Ltd Moved During the Day?

After opening higher at ₹280.25 per share on the NSE, the stock traded above the listing price through the trading day. During the day, the stock of Canara Robeco Asset Management Company Ltd touched a high of ₹318 and an intraday low of ₹280.25. On the NSE, the upper circuit band of the stock is set at ₹336.30 while the lower circuit band is set at ₹224.20 per share. Effectively, the stock remained above the listing price all through.

What about the BSE? After opening higher at ₹280.25 per share on the BSE, the stock hovered in a broad range above the listing price. During the day, the stock of Canara Robeco Asset Management Company Ltd touched a high of ₹318 and an intraday low of ₹280.25. On the BSE, the upper circuit band of the stock is set at ₹336.25 while the lower circuit band is set at ₹224.20 per share. Even on BSE, the stock listing price was the low of the day.

How Did the Stock of Canara Robeco Asset Management Company Ltd Close on Listing Day?

Here is how the stock of Canara Robeco Asset Management Company Ltd closed on the NSE. The closing price of ₹300.10 per share is at a premium of 12.82% to the IPO issue price and also at a premium of 7.08% to the listing price of ₹280.10 per share on the NSE. The company had a market cap of ₹5,985 crore at close. During the day, the stock of Canara Robeco Asset Management Company Ltd traded 520.08 lakh shares on the NSE, with total traded value of ₹1,559.56 crore. Deliveries were 39.95% of the total volumes on NSE.

Here is how the stock of Canara Robeco Asset Management Company Ltd closed on the BSE. The closing price of ₹300.25 per share is at a premium of 12.88% to the IPO issue price and a premium of 7.14% to the listing price of ͭ₹280.25 on the BSE. The company had a market cap of ₹5,988 crore as of close. During the day, the stock of Canara Robeco Asset Management Company Ltd traded 54.91 lakh shares on the BSE, having a total traded value of ₹164.10 crore. Deliveries were 45.49% on the BSE.

The stock trades under the codes: NSE (CRAMC), BSE (544580), ISIN (INE218I01013).