Canara Robeco IPO Sees Strong Demand, Subscribed 9.74x by Day 3

Canara Robeco Asset Management Company Limited's initial public offering (IPO) has demonstrated strong investor interest through its third day of subscription. The stock price band is set at ₹253-266 per share. The ₹1,326.13 crore IPO reached 9.74 times by 5:04:44 PM on day three.

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Canara Robeco IPO qualified institutional buyers (ex-anchor) segment leads with a strong 25.92 times subscription. Non-institutional investors demonstrate strong participation at 6.45 times. Retail investors display moderate interest at 1.91 times.

Subscription Status of Canara Robeco IPO

Subscription Details – Day 3 (October 13, 2025, 5:04:44 PM)

Key Highlights - Day 3

• Overall subscription reached a strong 9.74 times, showing exceptional improvement from day two's 0.44 times
• Qualified institutional buyers (ex-anchor) displaying strong interest at 25.92 times, building substantially from day two's 0.00 times
• Retail investors displaying moderate confidence at 1.91 times, building substantially from day two's 0.74 times
• Total applications reached 4,30,735, indicating strong investor participation for this mainboard IPO
• Cumulative bid amount reached ₹9,043.20 crores, significantly exceeding the issue size of ₹1,326.13 crores

Canara Robeco IPO - Day 2 Subscription at 0.44 Times

Key Highlights - Day 2:

• Overall subscription reached a limited 0.44 times, showing substantial improvement from day one's 0.21 times
• Retail investors displaying limited confidence at 0.74 times, building substantially from day one's 0.36 times
• Non-institutional investors showing limited performance at 0.53 times, building substantially from day one's 0.23 times
• Qualified institutional buyers (ex-anchor) showing minimal performance at 0.00 times, unchanged from day one's 0.00 times

Canara Robeco IPO - Day 1 Subscription at 0.21 Times

Key Highlights - Day 1:

• Overall subscription reached a limited 0.21 times, showing very cautious initial investor interest
• Retail investors displaying limited confidence at 0.36 times, showing weak retail sentiment
• Non-institutional investors showing limited performance at 0.23 times, indicating weak HNI appetite
• Qualified institutional buyers (ex-anchor) showing minimal performance at 0.00 times, indicating very weak institutional appetite

About Canara Robeco Asset Management Company Limited

Incorporated in 1993, Canara Robeco Asset Management Company Limited is an asset management firm in India. It serves as the investment manager for Canara Robeco Mutual Fund. The company operates as a joint venture between Canara Bank and Orix Corporation Europe N.V. (formerly Robeco Group N.V.). CRAMC offers a diverse range of investment options, including equity, debt, and hybrid schemes. As of June 30, 2025, the company manages 26 schemes.