Canara Robeco AMC to finalise IPO allotment at this time. Test standing with direct hyperlinks, GMP and different particulars

The share allotment for Canara Robeco Asset Administration Firm is prone to be finalised later at this time after the Rs 1,326 crore IPO acquired a wholesome general response from buyers. The problem, which was totally a proposal on the market, is about to debut on the inventory exchanges on October 16, and buyers are actually eagerly ready to see whether or not they made the lower.

The right way to examine allotment standing

Candidates can examine their allotment particulars on-line as soon as the allotment is processed, by way of both the registrar’s web site or the BSE portal.

By way of Registrar

Go to https://mufgintime.com/ipo

Choose Canara Robeco AMC IPO from the dropdown.

Enter your PAN, software quantity, or DP/Shopper ID.

Click on Undergo know your allotment standing.

By way of BSE

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

Select Fairness as the difficulty sort and choose Canara Robeco AMC Ltd.

Enter your software quantity and PAN, then click on Search.

Additionally Learn: Lenskart, Billionbrains set to cap report month for India IPOs

Subscription particulars

The IPO noticed robust participation, being subscribed 9.74 occasions general. The Certified Institutional Patrons (QIB) class led the demand with 25.92 occasions subscription, adopted by Non-Institutional Buyers (NII) at 6.45 occasions and Retail Buyers at 1.91 occasions. The corporate additionally raised ₹397.8 crore from anchor buyers earlier than the IPO opened for public bidding.

Firm background

Canara Robeco Asset Administration Firm is India’s second-oldest mutual fund home, collectively promoted by Canara Financial institution and ORIX Company Europe NV. The AMC manages 26 mutual fund schemes, together with 15 equity-oriented and 11 debt or hybrid funds, and operates throughout 23 cities in 14 states, supported by over 52,000 distribution companions.

The corporate reported a 27% rise in income and a 26% progress in revenue after tax for FY25, with earnings reaching Rs 191 crore and income touching Rs 404 crore. The enterprise boasts a return on internet value (RoNW) of 36%, a PAT margin of 47%, and a robust EBITDA margin of 65%, positioning it amongst India’s most worthwhile AMCs.

GMP and itemizing outlook

The gray market premium (GMP) for the Canara Robeco IPO has moderated to round Rs 13–14, indicating a possible itemizing acquire of about 5% over the difficulty value of Rs 266 per share.

Analysts count on a gentle itemizing supported by the AMC’s robust model legacy, constant profitability, and a well-diversified investor base. Nonetheless, valuations are seen as truthful, leaving restricted short-term upside. Most brokerages counsel holding for the long run, citing the corporate’s steady enterprise mannequin and rising retail SIP penetration.

(Disclaimer: Suggestions, strategies, views and opinions given by the specialists are their very own. These don’t symbolize the views of the Financial Occasions)