Canara Robeco Asset Management Company IPO
Canara Robeco Asset Management Company Limited (CRAMC) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 16 October 2025.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +5.1% (likely range -4% to +16%), day's high +7.4%, chance of a gain 82%. Actual: +5.4% at the open, +19.6% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 99,70,872 | 25,83,96,488 | 25.9x | |
| NII (HNI) total | 74,78,154 | 4,82,62,144 | 6.45x | |
| Big NII (above ₹10 lakh) | 49,85,436 | 3,37,57,864 | 6.77x | |
| Small NII (₹2-10 lakh) | 24,92,718 | 1,45,04,280 | 5.82x | |
| Retail | 1,74,49,025 | 3,33,24,816 | 1.91x | |
| Total | 3,48,98,051 | 33,99,83,448 | 9.74x |
Bids on NSE and BSE together, as published by NSE, as of 13 Oct 2025, 07:00 PM. Shares offered exclude the anchor portion. 8% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Canara Robeco Asset Management Company's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Sai Life SciencesDec 2024 | 30.9x | 4.92x | 1.37x | 10.3x | ₹3,011 Cr | +18.4% | +42.1% |
| Global HealthNov 2022 | 28.6x | 4.02x | 0.88x | 9.58x | ₹2,252 Cr | +19.4% | +26.4% |
| Ajax EngineeringFeb 2025 | 14.4x | 6.47x | 1.93x | 6.45x | ₹1,269 Cr | -8.4% | -3.2% |
| Jain Resource RecyclingSep 2025 | 25.3x | 5.30x | 3.62x | 15.9x | ₹1,318 Cr | +14.2% | +37.1% |
| Rainbow Childrens MedicareApr 2022 | 38.9x | 3.73x | 1.38x | 12.4x | ₹1,581 Cr | -5.9% | -4.5% |
| Brainbees SolutionsAug 2024 | 19.3x | 4.68x | 2.31x | 12.2x | ₹4,194 Cr | +40.0% | +52.2% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| SBI Capital Markets | 56 | +16.7% | 61% |
| Axis Capital | 107 | +20.4% | 73% |
| JM Financial | 109 | +22.8% | 75% |
Offer documents (NSE)
Frequently asked
What is the Canara Robeco Asset Management Company IPO price band and lot size? ₹253–266 per share, with a lot of 56 shares, so the smallest retail bid is ₹14,896.
How many times has it been subscribed? 9.74x overall: QIB 25.9x, NII 6.45x, retail 1.91x.
How did it list? It opened at ₹280, +5.4% against the issue price of ₹266, and closed its first day +12.9%.
