Mon Oct 13 04:10:00 UTC 2025: ## Canara Robeco AMC IPO Sees Subdued Response on Day 3, Analysts Mixed on Long-Term Prospects

**Mumbai, October 12, 2025** – The initial public offering (IPO) of Canara Robeco Asset Management Company (AMC) Limited is nearing its final day, with the subscription period closing on October 13, 2025. The company aims to raise ₹1,326.13 crore through this public issue, offered at a price band of ₹253 to ₹266 per equity share. The IPO is entirely an Offer for Sale (OFS) and proposes listing on the BSE and NSE.

As of 10:06 AM on day three, the IPO had been subscribed 0.52 times overall. The retail portion saw 0.78 times subscription, while the Non-Institutional Investor (NII) segment was filled 0.61 times. The Qualified Institutional Buyer (QIB) segment is yet to receive any bids. Each lot consists of 56 company shares.

Market observers indicate a grey market premium (GMP) of ₹18 per share, suggesting a potential listing gain of around 7% for allottees. However, the overall subscription status reflects a tepid response, prompting analysts to offer mixed perspectives on the IPO’s long-term prospects.

Anuj Gupta, Director at Ya Wealth, recommends subscribing to the IPO for the medium to long term. He acknowledges that the issue is fully priced and entirely OFS, but believes the net proceeds could be used for value unlocking. He also anticipates that an improvement in the secondary market could benefit the book-built issue.

Arun Kejriwal, Founder of Kejriwal Research and Investment Services, also suggests subscribing for the long term, citing attractive valuations. However, he cautions that the entirely OFS nature of the IPO and the recent performance of other IPO listings, with most trading below their upper price, could be headwinds. He believes the long-term outlook for the AMC market is positive, especially with expected interest rate cuts by the Reserve Bank of India (RBI).

The Canara Robeco IPO allotment date is expected to be October 14, 2025, and the listing date is anticipated on October 16, 2025. SBI Capital Markets, Axis Capital, and JM Financial are the book-running lead managers for the issue, with MUFG Intime India Private Ltd serving as the registrar.

**Investors are advised to consult with certified financial experts before making any investment decisions.**

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