Rubicon Research Vs Canara Robeco AMC IPO: Check Day 2 Subscription Status And GMP Today
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Rubicon Research IPO sees 2.49x subscription and 22.89 percent GMP on second day of bidding on Friday, while Canara Robeco AMC IPO gets 0.30x subscription and 11.28 percent GMP.
Rubicon Research IPO vs Canara Robeco AMC IPO:
Rubicon Research vs Canara Robeco AMC IPO Day 2: Two mainboard IPOs, Rubicon Research Ltd and Canara Robeco Asset Management Company Ltd, are witnessing their second day of bidding today, October 10. The initial public offerings will be closed on Monday, October 13. The grey market activity is showing a decent interest in the IPOs.
Rubicon Research IPO: Subscription Status And GMP Today
Pharmaceutical company Rubicon Research aims to raise Rs 1,377.5 crore through the IPO, which comprises a fresh issue of equity shares worth Rs 500 crore and an offer for sale (OFS) of Rs 877.5 crore by the promoter, General Atlantic Singapore RR Pte Ltd. On Wednesday, it mobilised Rs 619 crore from anchor investors.
After the IPO, General Atlantic’s shareholding is expected to reduce to over 35 per cent. The issue will open for subscription on October 9 and close on October 13, with a price band of Rs 461-485 per share.
On the second day of bidding on Friday, the IPO received 2.49 times subscription, garnering bids for 3,89,64,540 shares as against the 1,56,37,349 shares on offer. The retail and NII participation stood at 4.16x and 1.92x, respectively. The QIB category received a 1.92x subscription.
The GMP of the IPO currently stands at 22.89% over the upper IPO price, signalling decent listing gains in the IPO.
Canara Robeco AMC IPO: Subscription Status And GMP Today
Canara Robeco AMC aims to raise Rs 1,326 crore via the IPO. The firm has a price band of Rs 253 to Rs 266 per share for its upcoming offering, giving a valuation of roughly around Rs 5,300 crore at the upper end.
The IPO is completely an offer for sale (OFS) of 4.98 crore equity shares with no fresh issue component. Under the OFS, promoters — Canara Bank and ORIX Corporation Europe N.V (previously known as Robeco Groep N.V.) — will offload 2.59 crore shares and 2.39 crore shares, respectively.
Canara Bank owns 51 per cent stake in Canara Robeco while Orix Corporation holding has the remaining stake in the AMC.
Canara Robeco Asset Management Company on Wednesday said it has mobilised Rs 398 crore from anchor investors, just a day before its initial share-sale opening for public subscription.
On the second day of bidding on Friday, the IPO received 0.44 times subscription, garnering bids for 1,68,64,736 shares as against the 3,83,77,997 shares on offer. The retail and NII participation stood at 0.74x and 0.53x, respectively.
The GMP of the IPO currently stands at 11.28% over the upper IPO price, signalling decent listing gains in the IPO.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More
October 10, 2025, 11:38 IST
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