Canara Robeco AMC surges 13% in trading debut

Canara Robeco Asset Management Company saw its shares jump 13% above the IPO price in its first day of trading, valuing it at around ₹60 billion. The listing followed an IPO that was nearly ten times subscribed, largely driven by institutional investor demand. The company opened at ₹302 against an issue price of ₹266. Analysts are now comparing its growth trajectory with established AMCs, noting strong retail flows into equity funds. This represents a rare public debut in India’s asset management sector this year.