Asset manager Canara Robeco’s ₹ 1,326-crore initial public offering (IPO) was fully subscribed on Monday, October 13, the final day of its three-day bidding process, driven by retail individual investors.

The maiden public issue of the company received bids for nearly 9.67 crore shares as against the offer size of 3.48 crore shares, according to data on NSE at 2.20 pm.

Retail and Non Institutional Investors (NII) have fully booked their reserved portions, subscribing them 1.30 times and 2.16 times so far. Qualified Institutional Buyers (QIB) have booked 5.80 times the portion reserved for them.

The decent investor interest comes despite sharp fall in grey market estimates. In the unlisted market, shares of Canara Robeco AMC were trading flat at the IPO price with zero grey market prem

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