The much-anticipated Canara Robeco Asset Management Company IPO opens on 9 October 2025 and will remain open until 13 October 2025. The issue is entirely an Offer for Sale (OFS) of 4.99 crore shares, with no fresh issue component.
Here are five crucial details for prospective investors:
- Price Band & Minimum Investment
The price band is fixed between Rs 253 and Rs 266 per share. For retail investors, one lot comprises 36 shares, implying a minimum investment of Rs 9,108 to Rs 9,576 (depending on price). Small Non-Institutional Investors (sNII) must apply in 14 lots (644 shares) totaling Rs 1.63 lakh to Rs 1.71 lakh, while Big Non-Institutional Investors (bNII) need to bid in 68 lots (2,448 shares) amounting to Rs 6.19 lakh to Rs 6.51 lakh. - Grey Market Premium (GMP)
The GMP is currently around 13%, implying that the IPO may list at a significant premium over issue price. However, GMP is an unofficial indicator and should be interpreted cautiously. - Allotment & Listing Timelines
The basis of allotment will be finalized on 14 October, and the IPO is expected to be listed on 16 October. - Anchor Investor Participation
The IPO drew strong anchor demand, raising Rs 397.83 crore via allocation of 1.49 crore shares at Rs 266 per share. Some marquee names participating as anchor investors include SBI Mutual Fund, ICICI Prudential Mutual Fund, Nippon Life India MF, Kotak Mahindra MF, Franklin India MF, DSP Banking & Financial Services Fund, HSBC MF, Motilal Oswal MF, PineBridge Global Funds, Kotak Mahindra Life Insurance, Aditya Birla Sun Life Insurance, and Bajaj Allianz Life Insurance. - Analyst Sentiment
Analysts at Anand Rathi have rated the IPO as “Subscribe — Long Term.” They cite Canara Robeco’s strong brand legacy, diversified equity product portfolio driven by research, and an extensive multi-channel distribution network. They also noted consistent growth in the share of assets under management (AUM) contributed by retail investors and SIP inflows.
