Canara Robeco Asset Management’s shares debuted on the National Stock Exchange at a premium of 5.4 percent over their issue price during pre-opening trading on Thursday. The stock opened at ₹280.25, surpassing the ₹266 issue price.
The company’s initial public offering (IPO) attracted significant interest, being nearly 10 times oversubscribed. This was largely driven by strong demand from qualified institutional buyers, who subscribed to the IPO 26 times their allotted share. Conversely, the portion allocated to retail investors was subscribed only two times.
Canara Robeco is notable for being the first Indian asset manager to go public this year, amidst a trend of financial services firms seeking to raise capital through market listings. Another player, ICICI Prudential Asset Management Company, is also expected to make its market debut in the near future.
The article was published on October 16, 2025.
