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  1. Canara Robeco AMC IPO: Issue fully subscribed on day 3, NIIs lead; here's how to check allotment

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Canara Robeco AMC IPO: Issue fully subscribed on day 3, NIIs lead; here's how to check allotment

Ahana Chatterjee - image.jpg

3 min read | Updated on October 13, 2025, 13:41 IST

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SUMMARY

Until 1:25 PM, the initial share sale received bids for 37,063,376 shares as compared to 34,898,051 shares on offer, as per exchange data

Canara Bank holds a 51% stake in Canara Robeco, while Orix Corporation owns the remaining stake in the AMC.

Canara Bank holds a 51% stake in Canara Robeco, while Orix Corporation owns the remaining stake in the AMC.

The initial public offering (IPO) of Canara Robeco AMC got fully booked on the last day of bidding with 1.06 times of subscription. The issue has a price band of ₹253 to ₹266 per share.
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Until 1:25 PM, the initial share sale received bids for 37,063,376 shares as compared to 34,898,051 shares on offer, as per exchange data.

The non-institutional investor (NII) segment was subscribed 1.70 times, while the retail individual investor (RII) portion drew 1.21 times subscription. However, the qualified institutional buyers (QIB) category was booked 0.32 times.

The AMC's ₹1,326.13 crore IPO is exclusively an offer for sale of 4.99 crore shares by promoters Canara Bank and ORIX Corporation Europe NV (previously known as Robeco Groep NV). As there is no fresh issue component, the company will not get any issue proceeds.

Canara Bank holds a 51% stake in Canara Robeco, while Orix Corporation owns the remaining stake in the AMC.

The minimum investment for a retail investor is 56 shares. Half of the net offer has been reserved for qualified institutional buyers, 35% for retail investors and the rest, 10%, for non-institutional investors.

Before the IPO, Canara Robeco Asset Management Company mobilised ₹398 crore from anchor investors, including SBI Mutual Funds (MF), Nippon India MF, Kotak Mahindra MF, Motilal Oswal MF, Franklin India MF, ICICI Prudential MF, HSBC MF, PineBridge Global Funds, Aditya Birla Sun Life Insurance, Kotak Mahindra Life Insurance and Bajaj Allianz Life Insurance.

It allotted 1.49 crore shares to 25 funds at ₹266 per share.

The Canara Robeco AMC IPO allotment will be finalised on October 14, while the refunds and credit of shares to Demat accounts are scheduled on October 15. The stock will be listed on NSE and BSE on Wednesday, October 16.

Canara Robeco's primary activities include managing mutual funds and offering investment advice on Indian equities. It is India's second oldest asset manager.

Steps to check Canara Robeco AMC IPO allotment status on NSE
• Visit the NSE IPO allotment status page at https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids

• Chose ‘Equity & SME IPO bid details’

• Select ‘Canara Robeco AMC’ from the list of IPO names

• Enter your application number and PAN details.

• Click ‘Submit’ to view the status of your IPO allotment.

Steps to check Canara Robeco AMC IPO allotment status BSE
• Visit the BSE IPO allotment status page: https://www.bseindia.com/investors/appli_check.aspx

• Select ‘Canara Robeco AMC’ as the issue type.

• From the dropdown menu, select ‘Canara Robeco AMC’. Identify yourself using either PAN details or the IPO application number.

• Click on the ‘I’m not a robot’ tab and press the ‘Search’ button to see the allotment details.

Canara Robeco AMC IPO GMP

Canara Robeco AMC's unlisted shares are trading at par with the upper price band of ₹266 per share, with no grey market premium.

Disclaimer: Grey Market Premium (GMP) is an unofficial indicator of market sentiment toward an IPO. It is not regulated by the stock exchanges or SEBI. Upstox does not endorse or facilitate trading in the grey market. Investors are advised to conduct their own research or consult an expert before making any investment decisions.
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About The Author

Ahana Chatterjee - image.jpg
Ahana Chatterjee is a business journalist with 7 years of experience across several leading news platforms. At Upstox, she covers stock markets and corporate news.

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