New Delhi, Oct. 15 -- The initial public offering (IPO) of Canara Robeco Asset Management Company was a success, having seen a nearly 10 times overall subscription. The mainboard issue, which was entirely an offer for sale (OFS) of 4.99 crore shares of Rs.1,326.13 crore, opened for public subscription on Thursday, October 9, and concluded on Monday, October 13. Share allotment was finalised on Tuesday, October 14.

Now, the focus is on the listing of the issue. Canara Robeco shares will debut on the NSE and the BSE on Thursday, October 16.

The grey market expects the stock to list at a modest premium. According to grey market sources, the latest grey market premium (GMP) of Canara Robeco shares was Rs.11. Considering the upper price of t...