Canara Robeco IPO Subscribed 23% on Day 1: Check Latest GMP, Subscription Status, and Key Details
Canara Robeco IPO Day 1 subscription status: Issue subscribed 23% so far. Check price band, lot size, GMP, and other important details about the Canara Robeco Asset Management Company IPO.
Canara Robeco IPO subscribed 23% on Day 1; investors show early interest in the asset management company’s public offering.
The Canara Robeco Asset Management Company IPO opened for subscription on Thursday, October 9, 2025, and witnessed a 23% subscription on its first day. The issue, entirely an Offer for Sale (OFS), has drawn moderate investor response so far.
💰 IPO Price Band and Lot Size
The company has set its price band between ₹253 and ₹266 per share, with a lot size of 56 shares per lot. Retail investors can bid for a minimum of one lot, while institutional and non-institutional investors can apply for larger multiples.
📊 Subscription Status (Day 1)
According to the data available before market closing, the Canara Robeco IPO was subscribed to a total of 0.23 times (23%). The highest interest was registered in the retail category, whereas, in the days to come, QIBs and NIIs are expected to enhance their participation more.
💹 Grey Market Premium (GMP) Update
In the grey market, Canara Robeco shares are reportedly trading at a premium of ₹12–₹15 per share, indicating mild positive sentiment among investors. However, GMP trends can fluctuate sharply depending on overall market performance and subscription momentum.
🏦 About Canara Robeco Asset Management Company
Canara Robeco AMC, which is a partnership between Canara Bank and Robeco Group (Netherlands), is one of the oldest and most reliable mutual fund houses in India. The corporation oversees a mixed investment portfolio of stocks, bonds, and hybrid mutual funds that are offered to both private and institutional customers.
📅 Key IPO Details
- IPO Type: Book-Built Issue (Offer for Sale)
- Price Band: ₹253–₹266 per share
- Lot Size: 56 shares per lot
- Issue Opens: October 9, 2025
- Issue Closes: October 11, 2025
- Listing Date (Tentative): October 16, 2025
- Stock Exchange: BSE, NSE
📈 Analyst View
Market experts suggest that while the IPO’s response on Day 1 was subdued, interest from institutional investors could pick up in the coming days. Analysts also point out that the company’s strong brand presence and consistent mutual fund performance may attract long-term investors.
