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Canara Robeco Asset Management Co. IPO
9.69xsubscribed

Canara Robeco Asset Management Co. IPO

Finance - Asset Management
listed
â‚ą14,168Min. investment

Canara Robeco Asset Management Co. Limited IPO Details

SectorFinance - Asset Management
Price range₹253 – ₹266
IPO type
Regular
Lot size56 shares
Issue sizeâ‚ą1,326Cr
Red Herring Prospectus
Read
Market cap
â‚ą5,304CrLower than sector avg
RevenueApr 2024 - Mar 2025
â‚ą403.6CrLower than sector avg
Growth rate3Y CAGR
40.40%Higher than sector avg

Canara Robeco Asset Management Co. 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

As on 09-Oct-25, 5:30 PM

Canara Robeco Asset Management Co. IPO Timeline

  1. Pre-apply
    8 Oct 2025
  2. Bid start
    9 Oct 2025
  3. Bid end
    13 Oct 2025
  4. Allotment
    14 Oct 2025
  5. Release of funds
    15 Oct 2025
  6. Demat transfer
    15 Oct 2025
  7. Listing
    16 Oct 2025

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 â‚ą1.11 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 â‚ą20,000 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 â‚ą1,326.13 crore. Its shares will be listed on the NSE and BSE.

Canara Robeco Asset Management Co Limited IPO Analysis

IPO REVIEW

Canara Robeco Asset Management Co. IPO | Analysis Video

Should you apply?

Watch our analysts break down the Canara Robeco Asset Management Co Limited IPO — business model, financials, valuation and key risks — to help you decide whether to apply. The video covers the IPO price band, important dates, and what the subscription numbers mean for retail investors.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

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 (â‚ą1,01,251 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 (â‚ą85,534 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 â‚ą13,388 crore in FY23 to â‚ą27,924 crore by June 2025, highlighting strong regional penetration.

Growing share of retail investors

MAAUM from retail and HNI investors grew from â‚ą54,551 crore in FY23 to â‚ą88,757 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.

Objectives of Canara Robeco Asset Management Co Limited IPO

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.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratio
This IPOâ‚ą403.6Cr40.40%â‚ą190.7Crâ‚ą5,304Cr27.82
This sector (avg.)â‚ą768.51Cr0.06%â‚ą422.99Crâ‚ą26,425.05Cr27.43
â‚ą4,029.61Cr---â‚ą2,460.19Crâ‚ą1,07,749.6Cr37.57
â‚ą2,265.08Cr---â‚ą1,285.73Crâ‚ą55,943.03Cr38.77
â‚ą1,842.36Cr---â‚ą930.6Crâ‚ą21,931.33Cr21.62

*Revenue for financial year 2024-25. Lower P/E and D/E ratios are generally preferred.

Canara Robeco Asset Management Co. IPO Contact Details

Company NameCanara Robeco Asset Management Co. Limited

How to apply for Canara Robeco Asset Management Co. IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Canara Robeco Asset Management Co Limited IPO FAQs

Investors can apply for the Canara Robeco Asset Management Co. IPO through their Demat account via the stock exchange or through their broker.
The issue size of the Canara Robeco Asset Management Co. IPO is 1326 Cr.
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
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.
Canara Robeco Asset Management Co. IPO will be open between 2025-10-09 and 2025-10-13.
Canara Robeco Asset Management Co. IPO allotment date is 2025-10-15. For Canara Robeco Asset Management Co. IPO allotment status check, you can visit the website of the registrar of the IPO.
For Canara Robeco Asset Management Co. IPO, the IPO registrar is MUFG Intime India Private Limited. You can check Canara Robeco Asset Management Co. IPO allotment status on the website of the registrar.
The shares are proposed to be listed on the BSE and NSE.
The Canara Robeco Asset Management Co. IPO shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
The Canara Robeco Asset Management Co. IPO lot size is 56 and minimum order quantity is 56.
Canara Robeco Asset Management Co. IPO has set the price band for its IPO at 266 per equity share with a face value of 10.