Canara Robeco AMC is poised for its market debut on October 16, with early indicators suggesting a modest listing around Rs 285-290 per share, slightly above its IPO price. Despite strong investor demand, particularly from QIBs, analysts note the IPO was fully priced, leaving limited room for immediate upside. Long-term investors may benefit from India's growing mutual fund penetration.
Canara Robeco AMC shares list at 5% premium over IPO price
Synopsis
Canara Robeco AMC is poised for its market debut on October 16, with early indicators suggesting a modest listing around Rs 285-290 per share, slightly above its IPO price. Despite strong investor demand, particularly from QIBs, analysts note the IPO was fully priced, leaving limited room for immediate upside. Long-term investors may benefit from India's growing mutual fund penetration.
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