Description
NSE announces the listing of 199,417,428 equity shares of Canara Robeco Asset Management Company Limited on the Capital Market segment with effect from October 16, 2025.
Summary
National Stock Exchange of India Limited has announced the listing of equity shares of Canara Robeco Asset Management Company Limited (IPO) on the Capital Market segment. The listing will be effective from October 16, 2025, with trading symbol CRAMC. A total of 199,417,428 equity shares with face value of Rs. 10/- each will be admitted to dealings at an issue price of Rs. 266/-.
Key Points
- Trading Symbol: CRAMC
- ISIN: INE218I01013
- Series: EQ (Equity)
- Total Securities: 199,417,428 equity shares
- Face Value: Rs. 10/- per share
- Paid-up Value: Rs. 10/- per share
- Issue Price: Rs. 266/- per share
- Market Lot: 1 share
- Pari Passu: Yes
- Pre-open Session: Security will be part of pre-open session for IPO category as per SEBI circular CIR/MRD/DP/01/2012 & CIR/MRD/DP/02/2012 dated January 20, 2012
Regulatory Changes
No regulatory changes introduced. This circular is a standard listing notification pursuant to Regulation 3.1.1 and Regulation 2.5.5 of the National Stock Exchange (Capital Market) Trading Regulations Part A.
Compliance Requirements
- Members must use only the designated trading symbol (CRAMC) and security codes for trading on the system
- Trading must be conducted in the specified market lot size of 1 share
- Members must note the security’s participation in the pre-open session for IPO category scrips
Important Dates
- Effective Date: October 16, 2025
- Listing Date: October 16, 2025
- Lock-in Periods:
- 7,478,152 shares: Lock-in until November 12, 2025
- 7,478,154 shares: Lock-in until January 11, 2026
- 34,898,051 shares: Free (no lock-in)
- 55,936,588 shares: Lock-in until April 16, 2026
- 20,340,578 shares: Lock-in until April 16, 2027
- 53,742,997 shares: Lock-in until April 16, 2026
- 19,542,908 shares: Lock-in until April 16, 2027
Impact Assessment
This IPO listing introduces a new asset management company to the public markets, providing investors access to the equity of Canara Robeco Asset Management Company Limited. The listing enhances market depth in the financial services sector, specifically in the asset management space. With an issue price of Rs. 266/- and approximately 199.4 million shares, the listing represents significant market capitalization. The staggered lock-in periods (ranging from November 2025 to April 2027) indicate different categories of pre-IPO shareholders with varying holding requirements. The company is a joint venture entity in the mutual fund industry, and its listing may attract investor interest in the asset management sector.
Company Details
Registered Office: Construction House, 4th Floor, 5, Walchand Hirachand Marg, Ballard Estate, Mumbai – 400001, Maharashtra
Contact: +91 22 6658 5000
Website: www.canararobeco.com
Email: Secretarial@canararobeco.com
Company Secretary: Ashutosh Pramod Vaidya
Financial Year: April 2025 - March 2026
Registrar: MUFG Intime India Private Limited (Formerly Link intime India Private Limited), C-101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli West, Mumbai 400083
Impact Justification
IPO listing of asset management company with 199.4 million shares, impacting investors and market participants interested in this segment