Canara Robeco AMC Lists at 5.36% Premium; Shares Rally After Listing?

Canara Robeco Asset Management Company (AMC) made a modest debut on the Indian stock exchanges on Thursday, 16 October 2025. The stock opened at ?280.25 on the NSE & BSE, up about 5.36% from the issue price of ?266.

After the listing, the shares surged nearly 18%, making an intraday high of ?317.15 as of?11:33 AM.?

IPO Details

The company’s initial public offering, open from October 9 to October 13, was subscribed 9.74 times. This was driven by strong demand from Qualified Institutional Buyers (QIBs), who subscribed 25.92 times. Retail investors bid about 1.91 times their allotted shares, and non-institutional investors at 6.45 times.?

The IPO was an Offer for Sale (OFS) of 4.98 crore shares by promoters Canara Bank and ORIX Corporation Europe, with no fresh issue component. The price band was fixed at ?253–?266 per share.?

The book-running lead managers for the IPO are SBI Capital Markets Limited, Axis Capital Limited, and JM Financial Limited. MUFG Intime India Private Limited served as the registrar for the issue.

Company Overview

Canara Robeco AMC, a joint venture between state-run Canara Bank and Japan’s ORIX, is India’s second-oldest asset management company. As of June 30, 2025, the company manages a total AUM of 1,175.13 billion. They offer a total of 26 mutual fund schemes, comprising 12 equity funds, 10 debt funds, and 4 hybrid funds.?

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