Canara Robeco AMC lists ~13% above issue; first AMC IPO of 2025

Canara Robeco Asset Management debuted on the NSE at ₹302 versus an issue price of ₹266, implying ~13% listing gains and valuing the company near ₹60,000 crore. The ~₹1,200 crore IPO was roughly 10x subscribed, with strong institutional participation. The listing underscores appetite for asset managers amid robust retail SIP flows and rising equity penetration. Key debates now center on growth versus fees, operating leverage, and competition from larger incumbents. Brokerages flagged constructive long-term prospects tied to financialization and equity adoption.