Canara Robeco AMC IPO allotment: How to check status online on NSE, BSE, MUFG Intime India; listing date, time here

Canara Robeco AMC IPO allotment: The basis of allotment of Canara Robeco Asset Management Company will be finalised on Tuesday, October 14, and the details will be available on the websites of the registrar, MUFG Intime India, the NSE and the BSE.

The initial public offer received 9.74 times subscription during the three-day bidding window. It got bids for 33,99,83,448 shares compared to 3,48,98,051 shares on offer, as per data available on the NSE website.

Among investors, qualified institutional buyers, or QIBs, quota attracted 25.92 times subscription. The category meant for non-institutional investors (NIIs) got subscribed 6.45 times, and the retail portion got 1.91 times subscription.

The asset management company's ₹1,326.13 crore initial public offering, with a price band of ₹253 to ₹266 per share, was completely an offer for sale (OFS) of 4.98 crore shares by promoters Canara Bank and ORIX Corporation Europe NV. There was no fresh issue component.

Since the IPO was solely an OFS, the firm will not get any funds from the IPO, and the proceeds will go to the selling shareholders.

Canara Robeco is involved in managing mutual funds and providing investment advice on Indian equities. It is India's second-oldest asset manager. The public sector lender had floated the firm in 1993, forging a partnership with Robeco, now part of Orix, in 2007.

Canara Robeco AMC operates in a competitive space alongside listed players like HDFC Asset Management Company, UTI Asset Management Company and Nippon Life India Asset Management.

Canara Robeco AMC IPO allotment date and time

Canara Robeco Asset Management Company IPO allotment status is likely to be finalised on Tuesday, October 14, by late evening.

How to check Canara Robeco AMC IPO allotment status on NSE

• Visit NSE's allotment page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Click on the 'Equity & SME IPO bid details' option
• Select 'CRAMC' from the IPO symbols
• Add application number and PAN
• Press the 'Submit' button

Steps to check Canara Robeco AMC IPO allotment status on BSE

• Head to the IPO allotment tab of BSE: https://bseindia.com/investors/appli_check.aspx
• ‘Equity’ should be kept as the issue type
• Select ‘Canara Robeco Asset Management Company Limited’ from IPO names
• Identify yourself using PAN or application number
• Click on the 'Search' button

Canara Robeco AMC IPO allotment status on MUFG Intime India

• Open registrar's link: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• Select ‘Canara Robeco Asset Management Company Limited’ from the IPOs list
• Add your PAN, Application No, DP/Client ID or Account No/IFSC
• Hit the 'Submit' button

Canara Robeco AMC IPO listing date and time

Shares of Canara Robeco AMC will debut on the BSE and the NSE on Thursday, October 16, at 10 am.

Canara Robeco AMC IPO GMP

According to media reports and investorgain.com, the unlisted shares of Canara Robeco AMC Ltd are trading at ₹279, reflecting a grey market premium of 4.89%, or ₹13, over the upper price band of ₹266.