Canara Robeco IPO Day 2: GMP, Subscription Status, and Expert Review — Should You Apply?

The Canara Robeco Asset Management Company Limited IPO entered Day 2 of bidding on a steady note. The issue, which opened on October 9, 2025, will remain open until October 13, 2025. Priced between ₹253 and ₹266 per equity share, the company aims to raise around ₹1,326.13 crore — entirely through an Offer For Sale (OFS) route.

The IPO is proposed to list on both the BSE and NSE, with a minimum lot size of 56 shares per bid.

Canara Robeco IPO GMP Today

As per market observers, the Canara Robeco IPO Grey Market Premium (GMP) today stands at ₹35, unchanged from yesterday’s ₹35.

The sentiment remains positive, backed by upbeat trends on Dalal Street and the attractive valuations of the issue.

However, analysts note that the tepid initial response from investors could act as a short-term hurdle for the book-built issue.

Canara Robeco IPO Subscription Status (Day 2)

After Day 2 of bidding:

Overall Subscription: 0.48x

Retail Portion: 0.74x

Non-Institutional Investors (NII): 0.53x

Qualified Institutional Buyers (QIBs): Yet to bid

This suggests growing retail interest but cautious institutional participation so far.

Expert Review — Apply or Not?

According to Arun Kejriwal, Founder of Kejriwal Research and Investment Services, the Canara Robeco IPO is a “subscribe for long-term” opportunity.

“Valuations are attractive, but since the issue is entirely OFS, that could limit short-term excitement. Still, for investors with a long-term view, the AMC sector is expected to benefit from an easing interest-rate environment and strong market participation,” he said.

Analysts believe that as the secondary market stabilizes, this IPO could ride the next wave of investor optimism — similar to the rebound seen after LG Electronics IPO.

Key IPO Details

Particular Details

IPO Open Date October 9, 2025

IPO Close Date October 13, 2025

Price Band ₹253 – ₹266 per share

Issue Size ₹1,326.13 crore

Offer Type 100% OFS

Lot Size 56 shares

Expected Allotment Date October 14, 2025

Expected Listing Date October 16, 2025

Registrar MUFG Intime India Pvt. Ltd.

Lead Managers SBI Capital Markets, Axis Capital, JM Financial

Final Verdict

The Canara Robeco IPO may not promise quick listing gains due to its fully OFS structure, but it offers a solid long-term play in the asset management space.

Investors seeking exposure to India’s growing AMC sector could consider applying — provided they have patience and a medium to long-term horizon.

Disclaimer:

The above views are based on market analysis and expert commentary. Investors are advised to consult with certified financial advisors before making investment decisions.