Canara Robeco AMC IPO lists at 5% premium; Rubicon Research soars 28% on debut

Tracking positive cues from the equity market, Canara Robeco Asset Management Company and Rubicon Research Ltd made a strong debut on stock exchanges today.

Shares of Canara Robeco AMC opened at ₹280.25 on the NSE, marking a 5.4% premium over its issue price of ₹266. The market capitalisation stood at ₹5,588.67 crore.  

On the other hand, Rubicon Research delivered a stellar debut, listing at ₹620.10 per share, a 27.9% premium to its issue price of ₹485. The market capitalisation of the specialty pharmaceutical company rose to ₹10,216.17 crore.  

Meanwhile, the BSE benchmark Sensex was up 422 points at 83,028, and the NSE Nifty50 climbed 0.46% to 83,028.

Canara Robeco IPO subscribed 9.7x

The listing of Canara Robeco AMC was below street expectations as the stock was commanding a grey market premium (GMP) of ₹20 in the unlisted market, indicating listing to be around ₹286, up 7.52%.

The ₹1,326.13-crore Canara Robeco AMC IPO was subscribed 9.74 times, which was entirely an offer for sale of 4.99 crore shares. The issue, having a price band of ₹266 per share, opened for subscription between October 9-13.

Category-wise, the issue garnered 1.91 times subscription in the retail segment, 25.92 times in the qualified institutional buyers (QIB) category, and 6.45 times in the non-institutional investor (NII) category.

Rubicon Research IPO booked 109x

Rubicon Research listing was better than expectations as the stock was trading at ₹605 in the unlisted market, commanding a GMP of 24.74%.

The ₹1,377.50-crore IPO of Rubicon Research received an overwhelming response from investors, subscribing a massive 109.35 times overall, marking one of the strongest IPO showings of 2025. Segment-wise, the IPO was booked 37.40 times in retail portion, 137.09 times in QIB, and 102.70 times in NII.

The issue was a combination of a fresh issue of 1.03 crore shares worth ₹500 crore and an offer for sale of 1.81 crore shares worth ₹877.50 crore. The IPO opened on October 9, 2025, and closed on October 13, 2025, with the basis of allotment finalised on October 14.

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