Shares of Canara Robeco Asset Management Company soared after a modest 5 per cent premium debut on bourses on Thursday against the offer price of ₹266.
On the National Stock Exchange, the stock scaled to a high of ₹315 after opening at ₹280.25. On the BSE, the stock increased to ₹317.85 after listing at ₹280.25.
At 10.32 am, the stock traded 8 per cent higher at ₹303.70 and ₹302.65 on the NSE and BSE, respectively.
The listing performance reflects buoyant market sentiment, with investors showing strong confidence in the company’s long-term prospects.
Shivani Nyati, Head of Wealth at Swastika Investmart Ltd, advised investors to book partial profits post-listing given the decent debut and hold the remaining portion for the long term, as the company’s fundamentals remain strong and the mutual fund industry is poised for continued expansion.
Nyati added that the company has shown consistent growth in its assets under management (AUM), driven by investor participation in mutual funds and its expanding distribution network across the country.
IPO details
The IPO of Canara Robeco gained strong interest from investors across all categories, garnering 9.74 times overall subscription. It was entirely as an offer for sale (OFS), meaning that no fresh shares were issued and the proceeds went to the selling shareholders — Canara Bank and ORIX Corporation. The company had set a price band of ₹253 to ₹266 per share, and the total issue size was approximately ₹1,326.13 crore.
Ahead of the IPO, the company mobilised ₹398 crore from anchor investors
Published on October 16, 2025
