IPO Today (9 Oct): Canara Robeco Day 1, 3 SME Debuts
Friday, October 9, was a split-verdict day for IPO investors. The big mainboard issue, Canara Robeco AMC's ₹1,326-crore IPO, opened for public subscription with a slow start, while the three SME IPOs that debuted on BSE SME went in three different directions — Acme India Industries rewarded investors with a 13% premium, while TNA Solutions and Paramount Syntex listed at discounts and hit the lower circuit.
Canara Robeco IPO Day 1: Slow Start
The ₹1,326.13-crore pure offer-for-sale opened today (October 9) and will remain open till October 13. By midday, the issue was subscribed only ~12% — the retail portion was at ~19%, NII at ~10%, while the QIB portion was yet to receive bids, as per BSE bid data.
The slow opening is not unusual: QIBs typically enter on the final day, and the issue has four bidding days (till October 13). The company has already raised ₹398 crore from anchor investors including SBI Mutual Fund, ICICI Prudential MF, Nippon India MF and Kotak Mahindra MF.
| Category | Day 1 midday subscription* |
|---|---|
| QIB | 0.00x |
| NII | ~0.10x |
| Retail | ~0.19x |
| Total | ~0.12x |
*As of ~12:20 PM IST, October 9, per BSE data reported by financial press; figures update through the day.
Canara Robeco GMP today
Grey market premium for Canara Robeco has cooled: the latest GMP was around ₹21, implying an estimated listing price of ~₹287 against the upper price band of ₹266 — roughly a 7.9% implied premium, down from ₹35 (13.2%) on October 7–8. Remember: GMP is an unofficial, market-reported number and can change quickly.
Key details at a glance
| Price band | ₹253–266 per share |
|---|---|
| Lot size | 56 shares (min. investment ₹14,896) |
| Open / close | October 9 – October 13 |
| Allotment (tentative) | October 14 |
| Listing (tentative) | October 16 (BSE + NSE) |
| Sellers | Canara Bank and ORIX Corporation Europe (pure OFS) |
| Registrar | MUFG Intime India |
Read our full deep-dive: Canara Robeco IPO: Price Band, Dates, GMP & Review
SME Listing Results Today
Three SME IPOs debuted on the BSE SME platform today — one winner and two disappointments.
| IPO | Issue price | Listed at | Change at listing | Total subscription |
|---|---|---|---|---|
| Acme India Industries | ₹196 | ₹221 | +12.76% | 115.51x |
| TNA Solutions | ₹70 | ₹56 | −20% | 55.20x |
| Paramount Syntex | ₹127 | ₹115 | −9.45% | ~1.87x |
Acme India Industries: 13% listing premium
- Listed at ₹221, a 12.76% premium over the ₹196 issue price; market cap ~₹518.74 crore.
- The listing came below grey-market expectations — InvestorGain had signalled a ~22% premium (GMP ₹33–45) in the morning.
- The IPO was subscribed 115.51x: QIB 137.93x, NII 145.11x, RII 85.50x. The railways-components maker raised ₹121.69 crore (fresh issue + OFS).
TNA Solutions: 20% discount, then lower circuit
- Listed at ₹56, a 20% discount to the ₹70 issue price, then hit the 5% lower circuit at ₹53.20 — nearly 24% below the issue price.
- This happened despite strong subscription of 55.20x (NII 102.14x, individual investors 46.17x, QIB 35.64x) — a reminder that heavy demand doesn't always translate to a strong debut.
- The ₹37.86-crore all-fresh-issue company listed with a market cap of ~₹108.57 crore.
Paramount Syntex: 10% discount, lower circuit too
- Listed at ₹115, a 9.45% discount to the ₹127 issue price, then fell to the 5% lower circuit at ₹109.25, ~14% below the issue price.
- The ₹81.79-crore fresh issue was subscribed only ~1.87x overall, so the weak debut follows weak bidding.
Morning preview: IPO GMP Today (9 Oct): Acme India Listing, Canara Robeco Opens
What's Next: IPO Calendar
- Canara Robeco IPO — open till October 13; allotment (tentative) October 14, listing October 16.
- R.K. Fashion Accessories — lists on October 12 (Monday). Allotment details here.
- HD Fire Protect IPO — opens October 13–15 (₹258–271 price band, listing ~October 20); anchor bidding October 12.
- Jio Platforms IPO — reportedly opens October 21–23, India's largest-ever IPO at ~₹37,700 crore.
FAQs
How much is the Canara Robeco IPO subscribed on Day 1?
By midday on Day 1 (October 9), the IPO was subscribed ~12% overall — retail ~19%, NII ~10%, with QIBs yet to bid. Figures update as bidding continues till October 13.
What was the listing price of Acme India Industries?
Acme India Industries listed at ₹221 on BSE SME on October 9, 2026 — a 12.76% premium over the ₹196 issue price.
Why did TNA Solutions list at a discount despite 55x subscription?
Strong subscription doesn't guarantee a strong listing. TNA Solutions listed at ₹56, a 20% discount to the ₹70 issue price, and hit the 5% lower circuit — grey-market signals had pointed to a flat listing even before the debut.
When is the Canara Robeco IPO listing date?
The tentative listing date is October 16, 2026, on BSE and NSE, with share allotment expected on October 14.
What is the Canara Robeco IPO GMP today?
The latest market-reported GMP is around ₹21, implying a ~7.9% premium over the ₹266 upper price band. GMP is unofficial and volatile.
Conclusion
October 9 delivered a clear lesson for IPO investors: subscription numbers don't decide the listing. Acme India (115.51x) listed up 13%, while TNA Solutions (55.20x) fell 20%. Meanwhile, the Canara Robeco AMC IPO — the main event — has started slow with four bidding days to go; watch whether retail momentum builds over the weekend and how the GMP responds. With R.K. Fashion listing on Monday and HD Fire Protect opening on October 13, the pipeline stays busy. Keep checking IPOlist.in for daily subscription updates and listing results.