
Industrial & Financial Services · NSE / BSE
Canara Robeco Asset Management Company Limited (CRAMC), incorporated in 1993, is the investment manager for Canara Robeco Mutual Fund and operates as a joint venture between Canara Bank and Orix Corporation Europe N.V. Headquartered in Mumbai, it offers a wide range of investment products across equity, debt, and hybrid schemes. As of December 31, 2024, the company managed 25 schemes, including 14 equity-oriented (12 equity and 2 hybrid) and 11 debt-oriented (10 debt and 1 hybrid). With a presence in 23 cities across 14 states and 2 union territories through 23 branches, CRAMC also works with a vast network of 49,412 distribution partners, including Canara Bank, 44 other banks, 259 national distributors, and over 49,000 mutual fund distributors, ensuring broad accessibility of its products to investors across India.
Price Band
₹253 – ₹266
Issue Size
₹1326 Cr
Lot Size
56 shares
GMP
+5.3%
Est. Listing
₹280
at current GMP
Subscribed
9.74x
overall
Open
9 Oct 2025
Close
13 Oct 2025
Allotment
14 Oct 2025
Refund
15 Oct 2025
Demat Credit
16 Oct 2025
Listing
16 Oct 2025
Overall Subscription
9.74x
Total Demand
QIB Multiplier
25.92x
Institutions & Funds
NII / HNI
6.45x
High Net-Worth
Retail (RII)
1.91x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 9,970,872 | 258,396,488 | 25.92x |
| NIB | 7,478,154 | 48,262,144 | 6.45x |
| HNIs(10L +) | 4,985,436 | 33,757,864 | 6.77x |
| HNIs (2-10L) | 2,492,718 | 14,504,280 | 5.82x |
| RETAIL | 17,449,025 | 33,324,816 | 1.91x |
| Total | 42,376,205 | 388,245,592 | 9.74x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| RETAIL | 311,590 | 412,332 | 1.32x |
| HNIs(10L +) | 6,359 | 8,043 | 1.26x |
| HNIs (2-10L) | 3,179 | 17,384 | 5.47x |
| Total Applications | 321,128 | 437,759 | 1.36x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Canara Robeco Asset Management Co. Limited is bringing an initial public offering (IPO) in the Industrial & Financial Services sector with an aggregate issue size of ₹1,326.13 Crores. The shares are offered at a price band of ₹253 to ₹266 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 56 shares (approx. ₹14,896 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Link Intime India Private Ltd (MUFG). Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-10-16, while un-allotted funds or UPI block mandates will be released on 2025-10-15.
The latest Grey Market Premium (GMP) for Canara Robeco Asset Management Co. Limited IPO is ₹14 per equity share. Based on the upper price band of ₹253 to ₹266 per equity share, the estimated listing price is ₹280 (+5.3% expected listing gain).
With a lot size of 56 shares and current GMP of ₹14, the expected profit per application lot is approx ₹784 (+5.3% gain). Minimum application cost is approx ₹14,896.
The Canara Robeco Asset Management Co. Limited IPO aggregate issue size is ₹1,326.13 Crores with an equity price band set at ₹253 to ₹266 per equity share. The retail lot size is 56 shares requiring a minimum capital outlay of approx. ₹14,896.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 9.74x (Retail: 1.91x, QIB: 25.92x, NII: 6.45x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Link Intime India Private Ltd (MUFG)) and the BSE status verification website on or around 2025-10-14. Investors can verify status using PAN card or application number.
Canara Robeco Asset Management Co. Limited shares are scheduled to list on NSE and BSE on 2025-10-16.