Canara Robeco Asset Management Company (AMC) shares made a moderate stock market debut on Thursday, October 16. The shares listed at 5.4 per cent premium over IPO price of ₹266 apiece.
Canara Robeco share price listed at ₹280.25 apiece on both BSE and NSE. The market capitalistaion of Canara Robeco AMC stood at ₹5,783.11 crore.
Expectations remained modest, with the latest grey market premium (GMP) indicating potential listing gains of ₹22 per share for investors.
Ahead of the listing, Canara Robeco’s GMP was ₹22, suggesting that IPO allotment investors could anticipate gains of approximately 8 per cent on listing.
However, grey market premiums only reflect the current demand for a company’s shares in the unlisted market and can fluctuate quickly.
(This is a developing story)
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
