Canara Robeco AMC to finalise IPO allotment today. Check status with direct links, GMP and other details

The share allotment for Canara Robeco Asset Management Company is likely to be finalised later today after the Rs 1,326 crore IPO received a healthy overall response from investors. The issue, which was entirely an offer for sale, is set to debut on the stock exchanges on October 16, and investors are now eagerly waiting to see whether they made the cut.

How to check allotment status

Applicants can check their allotment details online once the allotment is processed, through either the registrar’s website or the BSE portal.

Via Registrar

Visit https://mufgintime.com/ipo

Select Canara Robeco AMC IPO from the dropdown.

Enter your PAN, application number, or DP/Client ID.

Click Submit to know your allotment status.

Via BSE

Go to https://www.bseindia.com/investors/appli_check.aspx

Choose Equity as the issue type and select Canara Robeco AMC Ltd.

Enter your application number and PAN, then click Search.

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Subscription details

The IPO saw strong participation, being subscribed 9.74 times overall. The Qualified Institutional Buyers (QIB) category led the demand with 25.92 times subscription, followed by Non-Institutional Investors (NII) at 6.45 times and Retail Investors at 1.91 times. The company also raised ₹397.8 crore from anchor investors before the IPO opened for public bidding.

Company background

Canara Robeco Asset Management Company is India’s second-oldest mutual fund house, jointly promoted by Canara Bank and ORIX Corporation Europe NV. The AMC manages 26 mutual fund schemes, including 15 equity-oriented and 11 debt or hybrid funds, and operates across 23 cities in 14 states, supported by over 52,000 distribution partners.

The company reported a 27% rise in revenue and a 26% growth in profit after tax for FY25, with earnings reaching Rs 191 crore and revenue touching Rs 404 crore. The business boasts a return on net worth (RoNW) of 36%, a PAT margin of 47%, and a strong EBITDA margin of 65%, positioning it among India’s most profitable AMCs.

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GMP and listing outlook

The grey market premium (GMP) for the Canara Robeco IPO has moderated to around Rs 13–14, indicating a potential listing gain of about 5% over the issue price of Rs 266 per share.

Analysts expect a steady listing supported by the AMC’s strong brand legacy, consistent profitability, and a well-diversified investor base. However, valuations are seen as fair, leaving limited short-term upside. Most brokerages suggest holding for the long term, citing the company’s stable business model and growing retail SIP penetration.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)