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Canara Robeco Shares Debut at 5.4% Premium in Strong Market Debut

Canara Robeco Shares Debut at 5.4% Premium in Strong Market Debut

Author:

Global Cryptocurrency

Published:

2025-10-16 07:38:02

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BTCCSquare news:

Canara Robeco Asset Management made a robust trading debut on the National Stock Exchange, with shares opening at a 5.4% premium to the issue price of ₹266. The stock began trading at ₹280.25, reflecting strong investor appetite for India's first asset management IPO this year.

The offering was oversubscribed nearly 10 times, with institutional demand particularly aggressive—qualified buyers bid for 26 times their allotted shares. Retail participation remained healthy at twice the reserved quota. This listing marks another financial services firm successfully accessing public markets, with ICICI Prudential AMC expected to follow shortly.

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