Canara Robeco Asset Management Company (AMC) made a steady market entry on October 16, 2025, with its shares listing at ₹280.25 per share — up 5.4% from the issue price of ₹266.
Although not a huge listing gain, the debut was considered stable and positive by analysts.
👉 Source: Economic Times
IPO Details
- Price Band: ₹253 – ₹266 per share
- Issue Size: ₹1,326 crore
- IPO Type: Pure Offer for Sale (OFS), meaning no fresh shares were issued — only existing shareholders (Canara Bank & ORIX Corporation Japan) sold their holdings.
Listing Day Highlights
- Listing Price: ₹280.25 (+5.4% premium)
- Intraday High: ₹315 (~18% gain from IPO price)
- Reuters reported that shares traded as high as ₹302 during the first trading session.
GMP & Market Buzz
Before listing, the Grey Market Premium (GMP) stood around ₹21 — suggesting a 7–8% listing gain.
The actual listing almost matched that estimate, indicating fair valuation and moderate demand.
About the Company
Canara Robeco AMC is one of India’s oldest and most reputed mutual fund companies, jointly owned by Canara Bank (India) and ORIX Corporation (Japan).
The company focuses on mutual fund management, retail expansion, and long-term wealth building.
