Overview
- Canara Robeco AMC closed with overall subscription of 9.74 times, including 25.92 times for QIBs, 6.45 times for NIIs and 1.91 times for retail, per exchange data.
- The AMC’s basis of allotment was completed on Oct 14, refunds and demat credits are slated for Oct 15, and listing is expected on Oct 16.
- Canara Robeco’s offer was a Rs 1,326.13 crore pure OFS of 4.99 crore shares at Rs 253–266; Canara Bank and Orix Corporation Europe were the selling shareholders, and anchors took nearly Rs 400 crore.
- Canara HSBC Life’s IPO finished at 2.29 times overall with QIBs at 7.05 times, NIIs at 0.33 times and retail at 0.42 times, with allotment scheduled for Oct 15 and listing targeted for Oct 17.
- Grey-market indicators cited by trackers pointed to a modest premium of roughly Rs 8–15 for the AMC ahead of listing and near-zero premium for the insurer, which are unofficial signals.