Canara Robeco IPO Soars 13% on NSE

  Published 5 months ago

Canara Robeco debuted on NSE, jumping 13% to 302 rupees, valuing at 60 billion rupees today.

  • IPO was $150 million, subscribing roughly tenfold, with QIBs oversubscribing 26‑fold their quota in the offering.
  • Retail investors subscribed twice their allocation, reflecting strong mutual fund demand among Indian households currently.
  • Analysts at PL Capital gave a buy rating, targeting 320 rupees, 20% upside over the issue.

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