The IPO is scheduled to open for public subscription on October 9 and will close on October 13.
Grey Market Premiums are unofficial indicators of investor sentiment and potential listing gains. While they do not have regulatory backing and cannot be relied upon for investment decisions, GMPs often reflect speculative enthusiasm in the run-up to a listing.
In this case, the positive GMP signals active interest in the Canara Robeco AMC IPO, even before the official market debut.
The GMP is derived from market demand and reflects the difference between the expected listing price and the issue price.
A higher GMP may indicate expectations of strong listing-day performance, although such premiums are based on market rumors and do not guarantee actual gains. Investors are advised to consider the fundamentals of the offering rather than rely solely on GMP figures.Canara Robeco AMC IPO details: Key dates, price band, and valuationThe Canara Robeco AMC IPO will open on October 9, and close on October 13. The allotment of shares in the offer is expected to be finalised on October 14, and the listing is tentatively scheduled for October 16, on both NSE and BSE.
Anchor investor bidding has opened today, i.e, October 8.
The IPO has a price band of Rs 253 to Rs 266 per equity share, with a face value of Rs 10. The minimum bid lot size is 56 equity shares, and multiples thereof.
The Canara Robeco AMC IPO offer size stands at Rs 1,326 crore and is entirely an offer-for-sale (OFS) by promoter shareholders — Canara Bank and ORIX Corporation Europe N.V. (OCE). Canara Bank is offering up to 25,924,266 equity shares, while OCE will offer up to 23,930,091 equity shares.
At the upper end of the price band, the price-to-earnings (P/E) ratio based on FY25 diluted EPS stands at 27.82 times, while at the lower end it is 26.46 times. The weighted average return on net worth over the past three financial years is 30.97%.
In accordance with Sebi regulations, the IPO allocation will follow this structure:
- Not more than 50% of the net offer is reserved for Qualified Institutional Buyers (QIBs).
- At least 15% is allocated to Non-Institutional Investors (NIIs).
- A minimum of 35% is earmarked for Retail Individual Investors (RIIs).
Canara Robeco AMC financial snapshot
As of the quarter ended June 30, 2025, Canara Robeco AMC reported closing Assets Under Management (AUM) of Rs 1,175.13 billion, with an average AUM of Rs 1,110.52 billion for the same period. The company earned Rs 927.13 million in management fees, while total revenue from operations stood at Rs 1,210.69 million.
Lead managers and registrar
The book running lead managers for the Canara Robeco AMC IPO are SBI Capital Markets Limited, Axis Capital Limited, and JM Financial Limited. MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited) is acting as the registrar to the offer.
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