Canara Robeco AMC IPO Day 3 Live: GMP, Subscription Status, Price Band, Expert Review — Apply or Not?

Canara Robeco IPO GMP Today: The much-awaited IPO of Canara Robeco Asset Management Company (AMC) — India’s second-oldest mutual fund house — is entering its final day of subscription today, October 13, 2025. According to market observers, the shares are currently trading at a premium of ₹18 in the grey market, hinting at a possible 7% listing gain.

IPO Overview

The Canara Robeco AMC IPO opened for bidding on October 9 and will close today, October 13. The company has set a price band of ₹253–₹266 per share, aiming to raise ₹1,326.13 crore through an offer for sale (OFS).

That means all proceeds go to existing shareholders — no new shares are being issued. The IPO will list on both the BSE and NSE, and investors can bid in lots of 56 shares.

Grey Market Premium (GMP) Update

The grey market is giving early investors something to smile about. As per reports, Canara Robeco AMC shares are trading at a ₹18 premium, up from ₹7 earlier.

This upbeat sentiment suggests that the IPO could debut positively on listing day — provided overall market conditions remain supportive.

However, despite the rising GMP, the subscription numbers remain modest, indicating that investors are still evaluating whether to jump in.

IPO Subscription Status (As of Day 3, 11:03 AM)

By late morning on the final day, the IPO had seen steady progress in bidding:

Total Subscription: 0.70x

Retail Investors: 1.00x (fully subscribed)

Non-Institutional Investors (NII): 0.95x

Qualified Institutional Buyers (QIB): Yet to participate

So far, retail investors seem more enthusiastic than large institutions, who might join in closer to the closing hours.

Expert Take: Should You Apply?

Market analysts are divided — but cautiously optimistic.

Anuj Gupta, Director at Ya Wealth, believes the IPO is “fully priced but worth considering” for medium to long-term investors.

“Even though it’s a complete OFS, investors may see value unlocking in the long run. If market sentiment improves, Canara Robeco could benefit, especially as India’s primary market looks for a turnaround post the LG Electronics IPO success,” he said.

Meanwhile, Arun Kejriwal, Founder of Kejriwal Research and Investment Services, suggests a “subscribe for long-term” approach.

“Valuations look attractive, but being entirely OFS may dampen short-term enthusiasm. However, the AMC sector has significant growth potential, particularly if interest rates start to ease in the coming quarters,” he noted.

In short: if you’re a long-term investor, this IPO could be worth a closer look. For short-term players chasing listing gains, the tepid subscription and mixed market mood may call for caution.

Key IPO Details

Particulars Details

IPO Open Date 9 October 2025

IPO Close Date 13 October 2025

Price Band ₹253 – ₹266

Issue Size ₹1,326.13 crore (OFS)

Lot Size 56 shares per lot

Expected Allotment Date 14 October 2025

Expected Listing Date 16 October 2025

Registrar MUFG Intime India Pvt Ltd

Book Running Lead Managers SBI Capital Markets, Axis Capital, JM Financial

Final Verdict

Canara Robeco AMC, a trusted name in India’s mutual fund landscape, brings legacy and brand credibility to the table. While the IPO may not promise fireworks on listing day, its fundamentals and the overall growth outlook of the AMC sector make it a solid long-term bet.

Pro Tip: Investors looking beyond short-term listing gains might find Canara Robeco a steady addition to their portfolio — especially if the grey market momentum holds.

Disclaimer: This article is for informational and educational purposes only. The opinions expressed are those of market experts quoted. Please consult your financial advisor before making any investment decisions.