Core Insights - The IPO of Canara Robeco Asset Management Company was highly successful, achieving an overall subscription of 9.74 times on the closing day of bidding [1] - The IPO was an offer for sale (OFS) of approximately 4.98 crore shares, with no fresh issue component, priced between ₹253 and ₹266 per share [2] - The company raised ₹398 crore from anchor investors prior to the IPO, with shares expected to list on BSE and NSE on October 16 [3] Subscription Details - The IPO received bids for 33.99 crore shares against 3.48 crore shares on offer, indicating strong demand [1] - Qualified institutional buyers (QIBs) led the subscription with a rate of 25.92 times, followed by non-institutional investors (NIIs) at 6.45 times, and retail investors at 1.91 times [1] Offer Structure - The promoters, Canara Bank and ORIX Corporation Europe N V, are offloading 2.59 crore shares and 2.39 crore shares, respectively, under the OFS [2] - The allotment date for the IPO is set for October 14 [3]

Core Insights - The upcoming IPO of Canara Robeco Asset Management Company Limited (CRAMC) is set to open for public subscription from October 9 to October 13, with shares expected to be allotted on October 14 and listed on October 16 [1][5][9] IPO Details - The IPO has a price band of Rs 253 to Rs 266 per equity share, with a face value of Rs 10, and a minimum bid lot size of 56 equity shares [6][9] - The total offer size for the IPO is Rs 1,326 crore, which is entirely an offer-for-sale (OFS) by promoter shareholders, including Canara Bank and ORIX Corporation Europe N.V. [6][9] - At the upper end of the price band, the price-to-earnings (P/E) ratio based on FY25 diluted EPS is 27.82 times, while at the lower end it is 26.46 times [6][9] - The weighted average return on net worth over the past three financial years is reported at 30.97% [6][9] Financial Performance - As of June 30, 2025, Canara Robeco AMC reported closing Assets Under Management (AUM) of Rs 1,175.13 billion, with an average AUM of Rs 1,110.52 billion for the same period [7][9] - The company earned Rs 927.13 million in management fees, with total revenue from operations standing at Rs 1,210.69 million [7][9] Investor Sentiment - The grey market premium (GMP) for the IPO is currently between Rs 33 and Rs 35, indicating a premium of approximately 12.41% over the upper price band, reflecting positive investor sentiment and interest [2][9] - A higher GMP may suggest expectations of strong listing-day performance, although it is based on market rumors and does not guarantee actual gains [4][9] Allocation Structure - The IPO allocation will reserve not more than 50% of the net offer for Qualified Institutional Buyers (QIBs), at least 15% for Non-Institutional Investors (NIIs), and a minimum of 35% for Retail Individual Investors (RIIs) [8][9]