Market Performance
The stock market welcomed a fresh debut as Canara Robeco AMC listed on both NSE and BSE at ₹280.25 per share, marking a 5.4% premium over its IPO issue price of ₹266.
With a market capitalisation of ₹5,783.11 crore on listing day, the debut was neither euphoric nor dull it settled right in the middle, signalling a balanced start for the asset management firm.
Main News: Canara Robeco Listing Day Highlights
The listing comes after strong demand during the IPO phase, where the public issue was subscribed 9.74 times between October 9 and October 13.
Shareholders who secured allotment in the IPO witnessed a moderate debut, with the stock opening slightly above expectations.
Canara Robeco AMC Listing Price Breakdown
- Issue Price: ₹266 per share
- Listing Price (NSE & BSE): ₹280.25 per share
- Listing Premium: Approx. 5.4%
- Total IPO Size: ₹1,326 crore
- Type: Entirely Offer for Sale (OFS)
- Shares Offered: Around 5 crore equity shares
Company Details
Canara Robeco AMC entered the market through an Offer for Sale, meaning no fresh shares were issued, and the proceeds flowed to existing shareholders.
- Promoter Shareholding Before Listing:
- Canara Bank – 51%
- Orix Corporation – Remaining stake
The IPO price band was set at ₹253–₹266, and ₹398 crore was raised from anchor investors before the issue opened, adding credibility to the offering.
Summary
The Canara Robeco listing made a steady debut, avoiding excessive volatility and settling with a 5% premium over the IPO price. Backed by nearly 10x subscription, the company has stepped into the listed market with a stable opening.
While the debut was not explosive, it was orderly and confident, reflecting solid institutional interest and consistent retail participation.
Easy & quick
Leave A Comment?