Canara Robeco Asset Management Co. IPO

9.69x

subscribed

Canara Robeco Asset Management Co. IPO

Finance - Asset Management
listed
₹14,168Min. investment
  1. Pre-apply
    8 Oct
  2. Bid start
    9 Oct
  3. Bid end
    13 Oct
  4. Allotment
    14 Oct
  5. Release of funds
    15 Oct
  6. Demat transfer
    15 Oct
  7. Listing
    16 Oct

About Canara Robeco Asset Management Co. Limited

SectorFinance - Asset Management
Price range₹253 – ₹266
IPO type
Regular
Lot size56 shares
Issue size₹1,326Cr
Red Herring Prospectus
Read
Market Cap
₹5,304CrLower than sector avg
RevenueApr 2024 - Mar 2025
₹403.6CrLower than sector avg
Growth rate3Y CAGR
40.40%Higher than sector avg

Canara Robeco Asset Management Co. Limited IPO Overview

Canara Robeco Asset Management Company Limited IPO date

Canara Robeco Asset Management Company Limited IPO will open for subscription on October 09, 2025, and the closing date for the IPO is October 13, 2025. After this, investors are expected to be updated about the allotment status on October 14, 2025.

Investors who have been allotted shares can expect them to be credited to their demat account on October 15, 2025. The shares will be listed on the NSE and the BSE on Thursday, October 16, 2025.

Canara Robeco Asset Management Company Limited IPO price band

The IPO includes an offer for sale. The IPO price band has been set between ₹253 to ₹266 per share. Interested investors can choose a price within this band to apply for the IPO.

The IPO is a book-building issue, comprising an offer for sale of ₹1,326.13 crore only.

Canara Robeco Asset Management Company Limited's IPO listing price will be determined on October 16, 2025. The listing price is the price at which a company’s shares debut on the stock exchanges.

Canara Robeco Asset Management Company Limited IPO lot size

Canara Robeco Asset Management Company Limited IPO details have been declared. The minimum lot size for an application is 56 shares, and the investor would have to apply for a minimum of 1 lot. Meanwhile, the IPO issue size is approximately ₹1,326.13 crore.

Checklist

Quality analysis
Revenue growth
Company valuation
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Revenue
Higher revenue means strong sales and good market demand
This IPO
₹403.6Cr
This sector
₹768.51Cr
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3Y growth
Strong 3-year growth shows consistent progress and potential
This IPO
40.40%
This sector
0.06%
Compare with companies
PAT
Higher PAT means strong profitability and efficient cost management
This IPO
₹190.7Cr
This sector
₹422.99Cr
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Market cap
Higher market cap means strong confidence but may suggest overvaluation
This IPO
₹5,304Cr
This sector
₹26,425.05Cr
Compare with companies
P/E ratio
Lower ratio usually means stock is undervalued
This IPO
27.82
This sector
27.43
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Objectives

Carry out the offer for sale
The IPO is a complete offer-for-sale (OFS). Net IPO proceeds will go to selling shareholders.
Listing on stock exchanges
The company want to achieve the benefits of listing its shares on the stock exchanges.

Strength and Weakness

Recognised brand name

The company is the second-oldest asset management company in India, backed by Canara Bank (51%) and OCE (49%). Canara Bank’s wide presence of 9,861 branches and 7,907 ATMs across India, along with four international branches, provides strong distribution support.

Well-diversified equity product mix

The company had the third-highest share of equity (including equity-oriented hybrid) AUM as of June 30, 2025, amongst the top 20 AMCs in India. As of June 30, 2025, 91.17% of total QAAUM (₹1,01,251 crore) was equity-oriented. Seven equity schemes have been managed for over 10 years, all of which outperformed their benchmarks on a 10-year basis. Equity QAAUM grew at a CAGR of 30.96% between FY23 and FY25, supported by a research-driven investment approach.

Multi-channel distribution network

The company has a 52,343-strong distribution network, including Canara Bank, 44 other banks, 548 national distributors and 51,750 mutual fund distributors. As of June 30, 2025, 73.45% of total MAAUM (₹85,534 crore) was sourced via distribution partners. It also operates 25 branches across 14 states and 2 UTs with a 142-member sales team. MAAUM from B-30 cities rose from ₹13,388 crore in FY23 to ₹27,924 crore by June 2025, highlighting strong regional penetration.

Growing share of retail investors

MAAUM from retail and HNI investors grew from ₹54,551 crore in FY23 to ₹88,757 crore in FY25, a CAGR of 27.56%. As of June 30, 2025, the company had 50 lakh folios, with individuals forming 99.01% of total folios. It had 0.21 crore active SIPs, underlining a stable and recurring flow of investments from a growing retail base.

Integrated technology-led operations

The company has built a strong digital ecosystem through its “Canara Robeco Mutual Fund App” (700,000+ downloads), smarTInvestor web platform, e-KYC, and paperless distributor onboarding. Distributors benefit from the smarT MFD portal, enabling real-time tracking and transactions, enhancing operational efficiency and customer experience.

About Canara Robeco Asset Management Co. Limited

Incorporated in 1993, Canara Robeco Asset Management Company (“Canara Robeco AMC”) is India’s second-oldest asset management company. The company manages mutual fund schemes and provides investment advisory services to Robeco Hong Kong Limited, part of its promoter group. According to CRISIL, the company has the second-highest share of retail AUM amongst the top 20 AMCs in India as of June 2025 and the third-highest share of equity AUM.
Canara Robeco AMC operates as a joint venture between Canara Bank (51%) and ORIX Corporation Europe N.V. (49%), combining a strong domestic distribution base with global investment expertise. As of June 30, 2025, the company managed 26 mutual fund schemes with 12 equity, 10 debt, and four hybrid schemes having a Quarterly Average Assets Under Management (QAAUM) of ₹1.11 lakh crore. Its QAAUM increased at a CAGR of 28.6% between FY23 and FY25, while equity-oriented QAAUM increased at an even higher CAGR of 30.96%.
Canara Robeco AMC possesses a robust retail franchise, with individual retail investors making up for 50 lakh folios as of June 30, 2025 and accounting for 86.87% of its total Monthly Average AUM (MAAUM). Meanwhile, the company has around 5 lakh institutional folios.
The company’s distribution network includes over 52,000 partners, including Canara Bank's 9,861 branches, 44 banks, 548 national distributors, and 51,750 mutual fund distributors. Moreover, it has 25 branches in 23 cities in 14 states and 2 union territories, supported by an expanding digital ecosystem. Additionally, its direct digital plans held 26.55% of MAAUM as of June 2025, indicating successful digital adoption.
The product offerings of Canara Robeco AMC are rooted in a research-based investment process. Seven of its equity schemes have a legacy of more than 10 years, all of which have performed better than their respective benchmarks over 10 years (direct plans). The company’s equity MF portfolio ranges across large cap, flexi cap, small cap, sectoral and hybrid funds, while its debt MF portfolio assumes a conservative credit strategy with 75.83% of investments in AAA/A1+ rated products and no exposure to structured debt or AT1 bonds, reflecting its risk-averse investment philosophy.
The Indian mutual fund industry has seen strong growth, with overall AUM growing at an 18.4% CAGR during FY19-FY25. The growth is fueled by improving SIP inflows (comprehensively over ₹20,000 crore a month), improving financial awareness, and higher penetration of cities in the B-30 (beyond top-30 cities) category.
Positioned as the country’s second-oldest AMC with a 28.6% AUM CAGR and strong equity-oriented portfolio (30.96% CAGR) between FY23-FY25, Canara Robeco is well placed to leverage this high-growth phase through its digital platforms, Canara Bank’s extensive distribution network, and focus on thematic and diversified product offerings.
The company seeks to continue to focus on delivering sustained investment performance through a robust research-driven process. Through its diversified pan-India multi-channel sales and distribution network, the company intends to further expand its total AUM from new and existing clients. With the present portfolio being equity-focused, the company wants to increase its AUM contribution from debt-oriented schemes. It is also testing out new digital platform features that will seek to simplify operations and improve user experience.
Now, Canara Robeco Asset Management Company Ltd is launching its initial public offering (IPO), which is a complete offer for sale of ₹1,326.13 crore. Its shares will be listed on the NSE and BSE.

IPO Analysis

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Canara Robeco Asset Management Co. IPO
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IPO Subscription Status

Date
QIB
NII
Retail
Total
09-Oct-25
0.0 times (X)
0.22 times (X)
0.36 times (X)
0.23 times (X)
10-Oct-25
0.01X
0.52X
0.74X
0.48X
13-Oct-25
10.46X
6.29X
1.84X
9.69X

Latest News on IPO

news logo
Canara Robeco Asset Management, India's second-oldest AMC, has filed for an IPO with SEBI, comprising 4.98 crore equity shares via OFS by promoters Canara Bank (2.59 crore) and ORIX Corporation Europe NV (2.39 crore). Proceeds will go to selling shareholders. The company expects enhanced visibility and liquidity.
news logo
Canara Robeco Asset Management Company has paid over Rs 84.82 lakh to settle alleged violations of MF regulations with market regulator Sebi. Through an order dated June 11, the Securities and Exchange Board of India (Sebi) informed that it had started adjudication proceedings against the AMC for alleged violation of mutual fund regulations. The regulator had issued a showcause notice to the AMC.
news logo
Canara Bank said on December 5 that it has received approval from the Reserve Bank of India (RBI) to divest its equity stake in two subsidiaries Canara Robeco Asset Management Company (AMC) and Canara HSBC Life Insurance Company via IPOs. The divestments will involve a 13 percent stake in Canara Robeco AMC and a 14.5% stake in Canara HSBC Life Insurance.
news logo
Canara Robeco AMC IPO: The ₹1,326.13 crore initial share sale is exclusively an offer for sale of 4.99 crore shares by promoters Canara Bank and ORIX Corporation Europe NV (previously known as Robeco Groep NV).

3 min read

news logo
Canara Robeco AMC IPO Listing Date: The ₹1,326.13 crore IPO was only an offer for sale of 4.98 crore shares. As there is no fresh issue component, the company will not get any proceeds from the issue.

3 min read

Frequently asked questions

How to invest in the IPO?

Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.

What is the issue size of Canara Robeco Asset Management Co. IPO ?

The issue size of the Canara Robeco Asset Management Co. IPO is 1326 Cr.

What is 'pre-apply' for Canara Robeco Asset Management Co. IPO ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Canara Robeco Asset Management Co. IPO shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.