Canara Robeco IPO fully subscribed, led by institutions

Canara Robeco Asset Management’s IPO closed fully subscribed on the final day, with bids worth ₹21.23 billion vs 34.9 million shares on offer. Qualified Institutional Buyers (QIBs) subscribed four times their allocation, while retail subscribed 1.37×. The IPO values the firm at up to ₹53.05 billion at the top of its ₹253–₹266 price band. Shares are slated to list on October 16. The result highlights robust investor appetite in the AMC space.