Canara Robeco IPO receives 9.74 times subscription, know GMP, check allotment status on NSE and BSE

Canara Robeco AMC IPO: The initial public offer of Canara Robeco Asset Management Company Ltd received 9.74 times subscription on the final day of bidding on Monday.

The Rs 1,326 crore IPO got bids for 33,99,83,168 shares against 3,48,98,051 shares on offer, according to details available with the NSE.

Among investors, Qualified Institutional Buyers (QIBs) portion garnered 25.92 times subscription. The quota meant for non-institutional investors got subscribed 6.45 times and Retail Individual Investors (RIIs) received 1.91 times subscription.

Investors who applied for the Canara Robeco Asset Management Company (AMC) IPO can now check their allotment status online through the official websites of the BSE, NSE, or the issue registrar, MUFG Intime India.

The basis of allotment is expected to be finalised today, October 14, following which shares will be credited to the demat accounts of successful applicants.

Canara Robeco IPO allotment status On BSE website:

  1. Visit the BSE IPO allotment page.
  2. Select ‘Equity’ as the issue type.
  3. Choose ‘Canara Robeco Asset Management Company Limited’ from the dropdown list.
  4. Enter your application number or PAN.
  5. Click ‘Search’ to view your allotment status.

Canara Robeco IPO allotment status On NSE website:

    1. Go to the NSE IPO allotment page.
    2. Select ‘Equity and SME IPO bids’.
    3. Choose ‘Canara Robeco Asset Management Company Limited’.
    4. Enter your application number or PAN.
  • Click ‘Search’ to check your allotment details.

Canara Robeco IPO Allotment Atatus On Registrar’s website (MUFG Intime India):

    1. Visit the MUFG Intime India IPO allotment portal.
    2. Select ‘Canara Robeco AMC IPO’ from the list of active issues.
    3. Enter your PAN, application number, or DP/Client ID.
  • Click ‘Submit’ to view your allotment status.

Canara Robeco IPO: GMP

The GMP on the stock dropped to 2.63% on Monday from 7.52% in the previous session, indicating a subdued response in the unlisted market.

Once the allotment process is complete, successful investors will receive shares in their demat accounts before the listing date.

(With Inputs From PTI)

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