LIVE: Canara Robeco IPO Day 2 – Bidding continues, GMP up 8%; Key factors investors should watch

Go to Live Updates Canara Robeco AMC IPO GMP, Subscription Status Online Live Updates: Canara Robeco Asset Management Company (AMC) IPOP enters Day 2 of bidding. Th IPO was opened for subscription on October 9. The IPO will remain for subscription till October 13. Canara Robeco IPO Key Details Price Band Rs 253-266 IPO Date October 9-13 GMP 9% IPO Allotment date October 14 Listing date October 16 Let’s take a look at the key details investors should know – Canara Robeco AMC IPO: A pure offer for sale The Rs 1,326.13 crore IPO of Canara Robeco AMC is entirely an offer for sale (OFS). A total of 4.99 crore equity shares will be offloaded by the promoters. Canara Robeco AMC IPO: Price band The company has fixed a price band of Rs 253–266 per share for its IPO. Each lot consists of 56 shares, meaning a minimum investment of Rs 14,896 is required for retail investors to apply for one lot. The bidding window will remain open till Monday, October 13, after which the allotment is likely to be finalised on Tuesday, October 14. The stock is likely to make its market debut on Thursday, October 16, on both NSE and BSE. Canara Robeco AMC IPO: Reservation structure As per the regulatory allocation norms, up to 50% of the issue is reserved for Qualified Institutional Buyers (QIBs), at least 15% for Non-Institutional Investors (NIIs), and at least 35% for retail investors. Canara Robeco AMC IPO: Key managers to the issue The IPO is being managed by some of the leading investment banks such as SBI Capital Markets, Axis Capital, and JM Financial. MUFG Intime India is serving as the registrar. Live Updates Canara Robeco AMC IPO Subscription Status Live: Follow Live Coverage on Canara Robeco AMC IPO GMP, Subscription Status, Grey Market Premium, Listing Date, Review and More 12:24 (IST) 10 Oct 2025 Canara Robeco AMC IPO Subscription Status, GMP Live: Subscription update The Canara Robeco IPO enters Day 2 of bidding. So far, the issue has been subscribed 0.32 times overall, with retail investors showing the most interest at 0.55 times subscription. The NII (non-institutional investors) category has received 0.35 times bids, while the QIB (qualified institutional buyers) portion is yet to see participation. The bidding process remains underway and will stay open till October 13. 11:58 (IST) 10 Oct 2025 Canara Robeco AMC IPO Subscription Status, GMP Live: Product offerings The AMC offers a range of mutual fund products across equity, debt, and hybrid categories. It has introduced thematic, multi-asset, and ESG-oriented funds in line with evolving investor preferences. Access to Robeco’s global research provides additional data for designing and managing investment strategies, particularly for differentiated or niche funds. 11:58 (IST) 10 Oct 2025 Canara Robeco AMC IPO Subscription Status, GMP Live: Product offerings The AMC offers a range of mutual fund products across equity, debt, and hybrid categories. It has introduced thematic, multi-asset, and ESG-oriented funds in line with evolving investor preferences. Access to Robeco’s global research provides additional data for designing and managing investment strategies, particularly for differentiated or niche funds. 11:31 (IST) 10 Oct 2025 Canara Robeco AMC IPO Subscription Status, GMP Live: AUM has strong retail presence Around 92% of Canara Robeco AUM is in equity-oriented funds (80% equity and 12% hybrid). Around 8% of its AUM comes via Canara Bank. Management sees a comfort zone in keeping that distribution from the parent bank in the range of 8-12%. The strong retail presence and a diversified channel mix enable it to balance its reach, with resilience in client acquisition and retention. 11:09 (IST) 10 Oct 2025 Canara Robeco AMC IPO Subscription Status, GMP Live: Anand Rathi Research on IPO valuation Canara Robeco continues to witness steady growth in the share of AUM contributed by individual investors and through systematic investment plan (SIP) inflows. "At the upper price band company is valuing at P/E of 27.8x to its FY25 earnings and market cap of Rs 5,304.5 crore post issue of equity shares. We believe that the IPO is fully priced and recommend a 'Subscribe-Long Term' rating to the IPO," said Anand Rathi Research in an IPO note. 10:46 (IST) 10 Oct 2025 Canara Robeco AMC IPO Subscription Status, GMP Live: Revenue yield stands at 0.4% Despite a high equity base, its revenue yield stands at 0.39%, leaving a relatively lower buffer to offer further increase in payouts to distributors to stay competitive. However, equity scheme concentration also results in missed flows in fast-growing passive/ETF funds. 10:46 (IST) 10 Oct 2025 Canara Robeco AMC IPO Subscription Status, GMP Live: Technology and digital initiatives Canara Robeco has invested in digitisation to streamline processes such as account opening, transaction execution, and reporting. AI-driven analytics and fintech partnerships aim to improve operational efficiency and reach younger, tech-savvy investors. These initiatives are intended to supplement traditional distribution and potentially reduce costs. 10:15 (IST) 10 Oct 2025 Canara Robeco AMC IPO Subscription Status, GMP Live: Business strategy The company focuses on delivering sustained investment performance through a robust research-driven process. Its aim is to grow the distribution and geographical presence. Plus, it also focuses on diversifying the AUM across asset-class and product offerings. 10:06 (IST) 10 Oct 2025 Canara Robeco AMC IPO Subscription Status, GMP Live: Industry outlook India’s mutual fund sector is projected to expand significantly over the coming decade. Factors driving growth include increasing financial literacy, higher adoption of systematic investment plans (SIPs), and a gradual shift from traditional savings instruments to market-linked financial products. 09:37 (IST) 10 Oct 2025 Canara Robeco AMC IPO Subscription Status, GMP Live: Financial performance and business model The company has maintained steady revenue and profitability growth in recent years. EBITDA margins have increased from approximately 55% to over 65%. The AMC operates an asset-light model, which supports free cash flow generation and financial stability. Revenue is primarily derived from management fees on assets under management (AUM), with a significant portion coming from retail clients. 09:15 (IST) 10 Oct 2025 Canara Robeco AMC IPO Subscription Status, GMP Live: Background and ownership structure Canara Robeco Asset Management Company (AMC) is one of India’s oldest mutual fund houses, jointly promoted by Canara Bank and Robeco, a global asset manager. The partnership combines public sector backing with international investment expertise. The AMC’s distribution network benefits from Canara Bank’s extensive branch presence, which includes more than 9,800 locations, and partnerships with third-party distributors, allowing access to retail investors in smaller towns and cities. 08:46 (IST) 10 Oct 2025 Canara Robeco AMC IPO Subscription Status, GMP Live: IPO objectives Proceeds from the fresh issue are likely to be used for: Expanding the company’s digital investment and distribution platforms Strengthening data analytics and risk management systems Enhancing marketing outreach and seeding new fund offerings 07:52 (IST) 10 Oct 2025 Canara Robeco AMC IPO Subscription Status, GMP Live: Market position and industry standing Canara Robeco ranks among the Top 10 mutual fund houses in India. Its close association with Canara Bank provides a strong distribution network in smaller towns - an advantage over private players like HDFC AMC or SBI Mutual Fund, which rely more on digital and broker-led channels. 07:27 (IST) 10 Oct 2025 Canara Robeco AMC IPO Subscription Status, GMP Live: Business profile The firm has built a diversified product lineup over the years, offering systematic investment plans (SIPs), exchange-traded funds (ETFs), and sectoral funds. It benefits from Canara Bank’s wide branch network and Robeco’s global investment expertise, which together help it reach both urban and semi-urban markets. 07:09 (IST) 10 Oct 2025 Canara Robeco AMC IPO Subscription Status, GMP Live: Assets Under Management (AUM) As of September 2025, Canara Robeco’s AUM crossed Rs 90,000 crore, marking a 30% year-on-year growth. Equity funds contribute roughly 55%, debt funds 35%, and hybrid or other categories about 10% of the total mix. 06:43 (IST) 10 Oct 2025 Canara Robeco AMC IPO Subscription Status, GMP Live: Financial performance The company has reported consistent double-digit revenue growth in FY25, supported by a higher share of equity-oriented assets. Net profit margins have stayed above 25%, reflecting operational efficiency and a balanced product portfolio. 06:23 (IST) 10 Oct 2025 Canara Robeco AMC IPO Subscription Status, GMP Live: IPO structure The IPO will include both a Fresh Issue - to raise funds for expansion and an Offer for Sale (OFS), allowing existing shareholders to sell a portion of their holdings. The promoters, Canara Bank and Robeco, are expected to partially divest their stakes through this offering. Final details will depend on SEBI approval and the company’s draft red herring prospectus (DRHP). 06:07 (IST) 10 Oct 2025 Canara Robeco AMC IPO Subscription Status, GMP Live: Company overview Canara Robeco Asset Management Company is among India’s oldest fund houses, jointly owned by Canara Bank and Robeco, a Dutch asset management firm. The AMC manages a broad mix of equity, debt, and hybrid funds catering to retail, high-net-worth, and institutional investors. 05:47 (IST) 10 Oct 2025 Canara Robeco AMC IPO Subscription Status, GMP Live: Anand Rath Research on IPO “Canara Robeco Asset Management Company is a well-established and trusted brand with a long-standing legacy and strong institutional backing. Its operations are guided by a seasoned professional management team and supported by robust corporate governance practices. The company offers a well-diversified portfolio of equity products driven by a rigorous, research-based investmen approach. It also benefits from an extensive, multi-channel sales and distribution network spread across India. Additionally, it continues to witness steady growth in the share of AUM contributed by individual investors and through systematic investment plan (SIP) inflows,” said Anand Rath Research in its IPO note. 21:39 (IST) 9 Oct 2025 Canara Robeco AMC IPO Subscription Status, GMP Live: Bids update As of 17:00 IST, the company has received bids for 79,44,496 shares out of the 3,48,98,051 shares available for subscription, according to BSE data. 20:01 (IST) 9 Oct 2025 Canara Robeco AMC IPO Subscription Status, GMP Live: IPO Size Canara Robeco’s Rs 1,326 crore initial public offering (IPO) will close on October 13. The asset management firm has set a price band of Rs 253–266 per share, valuing the company at around Rs 5,300 crore at the upper end of the range. 18:23 (IST) 9 Oct 2025 Canara Robeco AMC IPO Subscription Status, GMP Live: Day one subsciption at 23 per cent Canara Robeco Asset Management Company's IPO got subscribed 23 per cent on the first day of bidding. The IPO received bids for 79,38,112 shares against 3,48,98,051 shares on offer. The Retail Individual Investors (RIIs) category received a 36 per cent subscription, while the quota meant for non-institutional investors received a 23 per cent subscription. 18:07 (IST) 9 Oct 2025 Canara Robeco AMC IPO Subscription Status, GMP Live: Canara Robeco IPO GMP update The grey market premium (GMP) for Canara Robeco’s IPO is recorded at Rs 21. Taking the upper price band of Rs 266 into account, the IPO’s estimated listing price works out to be around Rs 287 per share. This implies a potential listing gain of 7.89% for investors. 14:58 (IST) 9 Oct 2025 Canara Robeco AMC IPO Subscription Status, GMP Live: Professional management Canara Robeco’s business is professionally managed by a management team with extensive experience in overseeing operations and driving business growth. Their strategic guidance underpins the company’s success and resilience in a competitive market landscape. The employee value proposition offered by the company is evident in the long-standing association of their investment and senior management teams, with the average tenure of their investment team being 5.85 years, while the senior management team boasts an average tenure of 8.67 years, as of June 2025, reflecting their long-standing dedication and contribution to the company’s growth. 14:05 (IST) 9 Oct 2025 Canara Robeco AMC IPO Subscription Status, GMP Live: Main operations of the AMC Canara Robeco Asset Management Company's (AMC) primary activities include managing mutual funds and providing investment advice on Indian equities. As of December 2024, it manages 25 schemes comprising 12 equity schemes, 10 debt schemes and three hybrid schemes with a quarterly average AUM of Rs 1,08,366 crore as of December 2024. The company has a multi-channel sales and distribution network that allows it to offer products and services to its customers. This network includes third-party distributors, and sales made through its branches, and digital platforms. 13:49 (IST) 9 Oct 2025 Canara Robeco AMC IPO Subscription Status, GMP Live: BP Equities on IPO “At the upper band of the issue price range, the company trades at a P/E of 27.8x based on FY25 earnings. Given its strong fundamentals, long legacy, and execution-focused strategies, we recommend a “SUBSCRIBE” rating from a medium- to long-term perspective,” said BP Equities in its IPO note. 13:27 (IST) 9 Oct 2025 Canara Robeco AMC IPO Subscription Status, GMP Live: Anand Rathi Research on Canara Robeco IPO "Canara Robeco Asset Management Company is a well-established and trusted brand with a long-standing legacy and strong institutional backing. Its operations are guided by a seasoned professional management team and supported by robust corporate governance practices. The company offers a well-diversified portfolio of equity products driven by a rigorous, research-based investmen approach. It also benefits from an extensive, multi-channel sales and distribution network spread across India. Additionally, it continues to witness steady growth in the share of AUM contributed by individual investors and through systematic investment plan (SIP) inflows," said Anand Rath Research in its IPO note 12:55 (IST) 9 Oct 2025 Canara Robeco AMC IPO Subscription Status, GMP Live: Subscription update The Rs 1,326 crore Canara Robeco AMC IPO on the Day 1 of bidding received an overall subscription at 0.12 times so far. The retail investor category led the participation with 0.22 times subscription, while the non-institutional investors (NII) booked 0.12 times of their quota. The qualified institutional buyers (QIB) segment is yet to see any bids, as of now. The three-day issue will remain open for subscription till October 13. 12:34 (IST) 9 Oct 2025 Canara Robeco AMC IPO Subscription Status, GMP Live: Ventura on IPO "Looking ahead, Canara Robeco AMC plans to continue expanding its portfolio by launching new schemes tailored to market needs. The company is also focused on enhancing its digital offerings, improving customer interactions, and strengthening distributor relationships. With its forward-looking strategy, Canara Robeco AMC is well positioned to capitalize on future growth opportunities in the evolving asset management landscape," added cin its IPO note. 12:00 (IST) 9 Oct 2025 Canara Robeco AMC IPO Subscription Status, GMP Live: About the AMC Canara Robeco is a joint venture company with a shareholding structure where Canara Bank owns 51% and OCE holds 49%. With more than three decades of operational experience, the company was incorporated in 1993 and is the second-oldest asset management company in India. Canara Bank, a scheduled public sector commercial bank, was founded in the year 1906 as a private entity and became a nationalised bank in 1969. As of June 2025, Canara Bank has a pan-India presence with 9,861 branches and 7,907 ATMs, spread across all the Indian states and union territories.

LIVE: Canara Robeco IPO Day 2 – Bidding continues, GMP up 8%; Key factors investors should watch

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