Canara Robeco IPO Day 2: Subscription Status, GMP, Should You Apply?

The Canara Robeco Asset Management Company Limited IPO continues on Day 2, with bidding open from 9 to 13 October 2025. The IPO aims to raise ₹1,326.13 crore entirely through an Offer for Sale (OFS) and is proposed for listing on both BSE and NSE.

• Price Band: ₹253 – ₹266 per share

• Lot Size: 56 shares per lot

Canara Robeco IPO GMP Today

The Grey Market Premium (GMP) for the IPO stands at ₹35, reflecting stable positive sentiment despite a moderate response in Day 1 subscription. Analysts attribute the strong GMP to favorable market conditions on Dalal Street and attractive IPO valuations.

Subscription Status (Day 2)

The retail portion has been the most active, while the QIB segment has not seen any bids yet.

Canara Robeco IPO Review

Analysts suggest the IPO is suitable for medium to long-term investors due to:

• Fully OFS issue, meaning proceeds don’t directly benefit the company

• Attractive valuations and potential for value unlocking in the AMC sector

• Possible market improvement post RBI interest rate cuts

Arun Kejriwal, Founder of Kejriwal Research, advises:

“Valuations are attractive, but the issue is entirely OFS, which may weigh on listing. Long-term investors may apply as the AMC market is expected to benefit in a low-interest regime.”

Key Dates & Details

• IPO Subscription Period: 9 – 13 October 2025

• Allotment Date: 14 October 2025 (tentative)

• Listing Date: 16 October 2025 (tentative)

• Registrar: MUFG Intime India Pvt Ltd

• Book Running Lead Managers: SBI Capital Markets, Axis Capital, JM Financial

Should You Apply?

Investors with a long-term perspective may consider applying due to:

• Attractive AMC valuations

• Potential for post-listing gains in a favorable market

• OFS structure may limit immediate listing pop but not long-term upside

However, investors should consult certified financial advisors before making a decision.