New Delhi, Oct. 13 -- The initial public offering (IPO) of Canara Robeco Asset Management Company (AMC), which sailed through on the third and final day of bidding today, October 13, closed with a healthy demand led by massive subscription from the institutional investors.

The Rs.2123-crore Canara Robeco AMC IPO received bids for 33,99,83,168 shares as against 3,48,98,051 shares on offer, as per data from BSE, translating into a subscription status of 9.74 times.

The quota reserved for the qualified institutional buyers (QIBs) was booked the most at 25.92 times. Non-institutional investors (NIIs) followed suit with 6.45 times bids. Meanwhile, the retail quota was booked 1.91 times at the end of the bidding period today.

The healthy dem...