Canara Robeco IPO will open for subscription on October 9, 2025, and close on October 13, 2025. Incorporated in 1993, Canara Robeco Asset Management Company Limited (CRAMC) is one of India’s oldest and most trusted asset management firms. The company serves as the investment manager for Canara Robeco Mutual Fund, offering a balanced mix of equity, debt, and hybrid schemes to suit various investor profiles.
Headquartered in Mumbai, Maharashtra, CRAMC has operated as a joint venture between Canara Bank and Orix Corporation Europe N.V. (formerly known as Robeco Group N.V.) since 2007. With decades of experience in fund management and a strong distribution network across India, the company continues to focus on delivering sustainable value to investors through disciplined investment processes and robust research capabilities.
Canara Robeco IPO Date
The key pointers for the Canara Robeco IPO dates are:
- Bidding Opening Date: October 9, 2025
- Bidding Closing Date: October 13, 2025
- Allotment Date: October 14, 2025
- Initiation of Refunds (in case of less or no allotment): October 15, 2025
- Shares Credited to Your Demat Account: October 15, 2025
- IPO Listing Date: October 16, 2025
- Listing on Exchange: BSE and NSE
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Canara Robeco IPO Issue Size
Canara Robeco IPO valuation, as denoted by the market capitalisation, stood at ₹5,304.50 crores. Here are the essential details:
- Canara Robeco IPO Price Band: ₹253 to ₹266 per share
- Lot Size: 56 Shares
- Total Issue Size and Amount: 4.98 crore shares (aggregating up to ₹1,326.13 crores)
- Offer for Sale and Amount: 4.98 crore shares (aggregating up to ₹1,326.13 crores)
Canara Robeco IPO Proceeds Usage
The company plans to deploy the net issue proceeds towards the following objectives:
It is an offer for sale, meaning that all the IPO proceeds after deducting offer-related expenses will directly go to the promoter selling shareholders. Canara Bank and ORIX Corporation Europe N.V. are the promoter selling shareholders.
Canara Robeco IPO Reservations
Canara Robeco IPO reservations to different investors are:
- For QIBs: Not more than 50% of the Net Offer
- For NIIs: Not less than 15% of the Net Offer
- For Retail Investors: Not less than 35% of the Net Offer
Canara Robeco IPO Lot Size
Canara Robeco IPO lot size is 56 shares, wherein bidding can be done in multiples. The minimum amount that each category of investor needs to bid in this IPO is:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 56 | ₹14,896 |
| S-HNI (Min) | 14 | 784 | ₹2,08,544 |
| B-HNI (Min) | 68 | 3,808 | ₹10,12,928 |
Canara Robeco IPO Details: Promoter Holding
Canara Bank and ORIX Corporation Europe N.V. are the company’s promoters.
Canara Robeco Asset Management Company Limited: Company Overview
Incorporated in 1993, Canara Robeco Asset Management Company Limited (CRAMC) is an India-based asset manager and the investment manager to Canara Robeco Mutual Fund. Headquartered in Mumbai, Maharashtra, it operates as a joint venture between Canara Bank and Orix Corporation Europe N.V. (formerly Robeco Group N.V.). CRAMC offers a broad range of equity, debt, and hybrid schemes.
As of June 30, 2025, it managed 26 schemes in total, comprising 15 equity-oriented schemes (12 equity schemes and three hybrid schemes) and 11 debt-oriented schemes (10 debt schemes and one hybrid scheme).
The company has a nationwide presence, directly serving customers in over 23 cities across 14 states and two union territories through 25 branches as of the same date. Its distribution network spans 52,343 partners across India, including Canara Bank, 44 other banks, 548 national distributors, and 51,750 mutual fund distributors, helping make its products widely accessible.
Its key strengths are:
- A well-recognized brand with a strong legacy and a reputable parent company.
- A professional management team running operations with robust corporate governance practices.
- A diverse range of equity products, supported by a research-driven investment approach.
- Pan-India presence with a wide, multi-channel sales and distribution network.
- A growing fund’s AUM is being driven by retail investors and regular SIP contributions.
- Technology-enabled operations with a well-established digital ecosystem.
Canara Robeco Asset Management Company Limited: Financial Performance
Canara Robeco Asset Management Company Limited’s key financials for different periods are as follows:
| Particulars (in ₹ Cr) | 31 Mar 2025 | 31 Mar 2024 | YoY Change |
|---|---|---|---|
| Total Income | 404.00 | 318.78 | 27% |
| Profit After Tax (PAT) | 190.70 | 151.00 | 26% |
| EBITDA | 264.08 | 201.14 | 31% |
| Net Worth | 600.06 | 454.49 | 32% |
| Assets | 674.03 | 516.81 | 30% |
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Revenue Growth
Canara Robeco Asset Management Company Limited recorded a 27% increase in total income, rising from ₹318.78 crore in FY24 to ₹404 crore in FY25, reflecting sustained growth in its investment management operations.
Profitability
The company’s Profit After Tax (PAT) rose by 26%, reaching ₹190.70 crore in FY25 compared to ₹151.00 crore in FY24, supported by improved operational efficiency and stable revenue inflows.
EBITDA Performance
EBITDA grew by 31% year-on-year, increasing from ₹201.14 crore in FY24 to ₹264.08 crore in FY25, indicating effective cost management and enhanced earnings capacity.
Net Worth
Net worth strengthened to ₹600.06 crore in FY25 from ₹454.49 crore in FY24, marking a 32% increase, primarily driven by retained profits and consistent performance across asset classes.
Asset Base
The company’s total assets expanded by 30%, rising from ₹516.81 crore in FY24 to ₹674.03 crore in FY25, underlining its financial robustness and capital efficiency.
Canara Robeco IPO: Peer Comparison
Here is the peer comparison table for Canara Robeco Asset Management Company Limited with its listed peers:
| Company Name (FY25) | EPS (Basic ₹) | P/E (x) | RoNW (%) |
|---|---|---|---|
| Canara Robeco Asset Management Company Limited | 9.56 | 27.82 | 31.78 |
| HDFC Asset Management Company Limited | 115.16 | 48.21 | 32.36 |
| Nippon Life India Asset Management Limited | 20.34 | 43.35 | 31.38 |
| Aditya Birla Sun Life AMC Limited | 32.26 | 24.60 | 26.99 |
| UTI Asset Management Company Limited | 57.35 | 22.83 | 16.04 |
- EPS: Canara Robeco’s earnings per share of ₹9.56 is lower than its peers, reflecting a more modest earnings base.
- P/E Ratio: Its P/E is 27.82 is lower than the industry average PE ratio of 34.75, indicating a relatively attractive valuation.
- RoNW: Canara Robeco generates one of the highest returns on equity at 31.78% in FY25.
Canara Robeco IPO Risk Factors
Canara Robeco IPO GMP is ₹24 as of October 7, 2025 (at 17:53). It is expected to list at a 9.02% gain at a price of ₹290. However, GMP is not a safe or assured criterion to bid for an IPO. It is important to do your own analysis before investing in any IPO.
Canara Robeco IPO is exposed to various risk factors that can eventually affect its business and investors’ perception:
100% Offer for Sale (No Fresh Issue)
The IPO comprises only an Offer for Sale, meaning the company will not receive any proceeds from the issue. All funds raised will go to the promoter selling shareholders.
Market Dependence and Mutual Fund Flows
The company’s performance is closely tied to overall market conditions and mutual fund inflows. Any prolonged market downturn could reduce assets under management (AUM) and affect revenue growth.
High Industry Competition
The asset management sector is highly competitive, with established players such as HDFC AMC, SBI Mutual Fund, and ICICI Prudential AMC. Sustaining and expanding market share in such an environment remains a major challenge.
Regulatory and Compliance Changes
Frequent changes in SEBI regulations, particularly around expense ratios, commission structures, and compliance norms, could impact profitability and operational flexibility.
Dependence on Canara Bank Network
A significant portion of AUM is sourced through Canara Bank branches. Heavy reliance on this distribution channel creates a concentration risk if any partnership or network disruptions occur.
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Frequently Asked Questions – FAQs
1. When will the Canara Robeco IPO open for subscription?
Canara Robeco IPO will open for subscription on October 9, 2025, and close on October 13, 2025.
2. What is the Canara Robeco IPO price band?
The IPO price band has been fixed between ₹253 and ₹266 per share.
3. When is the expected listing date for the Canara Robeco IPO?
The shares are tentatively scheduled to list on the BSE and NSE on October 16, 2025.
4. How much is the issue size of the Canara Robeco IPO?
The total issue size is 4.98 crore equity shares, aggregating up to approximately ₹1,326.13 crores.
5. What will the company use the IPO proceeds for?
As this is a 100% Offer for Sale (OFS), the proceeds will go to the promoter selling shareholders, while the company aims to gain the benefits of a public listing on the stock exchanges.
References:
https://www.jmfl.com/Common/getFile/5287
https://www.investorgain.com/gmp/canara-robeco-ipo-gmp/1497/
Author: All Content is verified by SMC Global Securities.
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