Canara Robeco IPO Day 2: Issue sees 48% subscription with steady retail demand; QIBs lag behind

Canara Robeco IPO: The initial public offering (IPO) of Canara Robeco Asset Management Company Limited concluded its second day of public bidding today, October 10. According to the provisional exchange data, the IPO received 48 per cent subscription at the end of the second day of bidding, with retail investors showing interest.

The company aims to raise Rs 1,326.13 crore from the public offering.

Canara Robeco IPO subscription status:

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Investors bid for 1.68 crore shares out of the total shares on offer. The subscription includes bids from Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) subscribing 0.53 and 0.74 times, respectively.

In terms of shares, the NII category booked 39.45 lakh shares, while the retail investor portion booked 1.29 crore shares out of the allotted shares, indicating strong demand.

The Qualified Institutional Buyer (QIB) portion is seen lagging as it has only bid 13,384 shares out of the allotted 99.70 lakh shares.

Canara Robeco IPO details:

Canara Robeco AMC IPO is entirely an offer for sale (OFS) of 4.98 crore shares, with no fresh issue component.

Under the OFS, the Canara Bank, which holds a 51 per cent stake in the company, is offloading its 2.59 crore shares and ORIX Corporation Europe N.V., holding the rest 49 per cent, is selling 2.39 crore shares.

Being an OFS, the IPO proceeds will not be received by the company. It will directly go to the shareholders, offloading their stakes.

Price band: Rs 253 to Rs 266 per share

Lot size: 56 shares

Minimum investment: Rs 14,896

Listing date: October 16, 2025, on BSE and NSE

Canara Robeco company profile:

Canara Robeco Asset Management Company is a leading asset management firm in India, jointly owned by Canara Bank and ORIX Corporation Europe N.V.

Established in 1993, the company offers a diverse range of mutual fund products, including equity, debt, and hybrid schemes.