Shares of Canara Robeco Asset Management Company made a decent Dalal Street debut on Thursday, October 16 as the mutual fund player settled at Rs 280.25 on both BSE and NSE, a premium of 5.36 per cent over its issue price of Rs 266. Investors made a profit of Rs 798 on each lot worth Rs 14,896. Advertisement

Listing on Canara Robeco Asset Management Company (AMC) has been slightly below the expectations. Ahead of its listing, Canara Robeco AMC was commanding a grey market premium (GMP) of Rs 20-22 the unofficial market, suggesting a listing pop of nearly 8 per cent for the investors.

The IPO of Canara Robeco Asset Management Company was open for subscription between October 09-13. It had offered its shares in the price band of Rs 253-266 per share with a lot size of 56 shares. It raised

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