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InvestmentsIPOCanara Robeco Asset Management Company IPO

Canara Robeco Asset Management Company IPO

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Open Date

9 Oct 2025

Close Date

13 Oct 2025

Min Investment

₹ 14,896

Lot Size

56

Issue Size

₹ 1326.13 Cr

Price Range

₹ 253 - ₹ 266

Subscribed

9.71 x
status

This IPO is now Live.

Click here for live price
IPO Timeline
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IPO Offer Start
9 Oct 2025
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IPO Offer Ends
13 Oct 2025
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Allotment Finalisation
14 Oct 2025
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Refund Initialisation
15 Oct 2025
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Non-Institutional Buyers (sHNI)
15 Oct 2025
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Listing of Shares
16 Oct 2025
IPO Subscription Details as on 4 Apr 2026, 05:09 AM
Qualified Instituational Buyers (QiB)
25.92 x
Retail
1.86 x
Total
9.71 x
Non-Institutional Buyer (bHNI)
6.77 x
Non-Institutional Buyer (sHNI)
5.72 x
Note: This information is provided for general guidance only. Dates may be subject to change.
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About the Company
The company is India's second oldest asset management company, incorporated in 1993 as Canbank Investment Management Services Limited to manage the assets of Canbank Mutual Fund. In 2007, it became Canara Robeco Asset Management Company Limited, a joint venture between Canara Bank (51% stake) and ORIX Corporation Europe N.V. (49% stake). The company's primary activities include managing mutual funds and providing investment advice on Indian equities to Robeco Hong Kong Limited. As of December 31, 2024, the company managed 25 schemes comprising 12 equity schemes, 10 debt schemes and three hybrid schemes with a quarterly average asset under management of ₹ 1,083.66 billion. The company has witnessed robust growth in QAAUM growing at a CAGR of 34.75% between March 31, 2022, to March 31, 2024, compared to industry growth of 18.8%. The company has a wide retail customer base with 88.84% of total MAAUM generated from retail investors as of December 31, 2024. The company has a pan India geographical presence serving customers directly in more than 23 cities across 14 states and two union territories with a network of 23 branches and 49,412 empanelled distribution partners across India. The company follows a research-driven investment process for both equity-oriented and debt-oriented schemes, focusing on investing in companies with competent management, robust business fundamentals, growth-oriented businesses and reasonable valuations for equity schemes, while focusing on safety, liquidity and return for debt schemes.
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Founded In

1993

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CEO

Rajnish Narula

Financials of Canara Robeco Asset Management Company IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2023Mar 2024Mar 2025
Operating Revenue20,459.5031,809.0040,369.50
Other Income20.4069.4030.00
Total Income
20,479.9031,878.4040,399.50
Total Expenses
9,778.1012,360.0014,635.20
Profit Before Tax10,701.8019,518.3025,764.30
Total Profit
7,900.1015,099.5019,070.40

All figures are in lakhs (₹)

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Utilisation of Proceeds

All figures are in lakhs (₹)

PurposeAmount
The company aims to achieve the benefits of listing the Equity Shares on the Stock Exchanges. The company expects that listing of the Equity Shares will enhance its visibility and brand and provide liquidity to its existing Shareholders. Listing will also provide a public market for the Equity Shares in India.-
The offer is for the sale of Equity Shares by Promoter Selling Shareholders. The company will not receive any proceeds from the Offer. All proceeds from the Offer will go to the Promoter Selling Shareholders, in proportion to the Equity Shares offered by them in the Offer for Sale.-
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  • Recognized brand with legacy of operations and established parentage: The company is a joint venture with Canara Bank owning 51% and OCE holding 49%, with more than three decades of operational experience since incorporation in 1993, making it the second-oldest asset management company in India. The company leverages Canara Bank's brand and extensive network of 9,816 branches and broad customer base, generating ₹87.74 billion AUM (8.17% of total AUM) through Canara Bank branches as of December 31, 2024. The company also benefits from OCE's global expertise in investment management, product management, and risk management.
  • Operations led by professional management team and established corporate governance standards: The company's business is professionally managed by a management team with extensive experience, with the investment team averaging 5.94 years tenure and senior management team averaging 8.34 years as of December 31, 2024. The company's skilled investment team consists of 25 members with collectively 431.70 years of experience, with equity investment team having average of over 17.84 years experience and debt investment team having average of over 15.79 years experience. The company has received numerous industry awards including Best Fund House (Equity) at the Morningstar Fund Awards 2021.
  • Well-diversified equity products mix backed by research-driven investment process: As of December 31, 2024, the company managed seven equity-oriented schemes for more than 10 years out of 14 total equity-oriented schemes. The company witnessed significant increase in equity-oriented QAAUM which grew at a CAGR of 38.98% between March 31, 2022 and March 31, 2024. According to the CRISIL Report, the company had the third highest share of equity AUM as of December 31, 2024 and the highest share of equity-oriented AUM compared to top 10 AMCs. All seven equity-oriented schemes managed for more than 10 years have outperformed their respective benchmark indices in a 10-year return horizon for direct plans.
  • Pan-India multi-channel sales and distribution network: As of December 31, 2024, the company had 49,412 distribution partners across India, including Canara Bank, 44 other banks, 259 ND and 49,108 MFDs. The company has pan India geographical presence serving customers directly in more than 23 cities across 14 states and two union territories with a network of 23 branches, along with a sales team of 131 employees and customer services team of 45 employees. The company has witnessed significant growth in B-30 cities, with MAAUM from B-30 cities increasing from ₹113.91 billion as of March 31, 2022 to ₹261.26 billion as of December 31, 2024.
  • Expanding proportion of AUM contributed by individual investors and SIP contributions: The company's MAAUM from individual retail and HNI investors increased from ₹419.01 billion as of March 31, 2022 to ₹975.45 billion as of December 31, 2024, reflecting a CAGR of 36.80% and contributing 88.84% of total MAAUM. As of December 31, 2024, 4.92 million out of 4.97 million total folios were individual customer folios, representing 98.99% of total customer folios. According to the CRISIL Report, the company had the third highest share of retail AUM amongst the top 20 AMCs in India and the highest share of retail AUM compared to top 10 AMCs.
  • Integrated technology-led operations with a well-established digital eco-system: The company has an integrated digital eco-system covering various aspects of operations with automation and digitalization initiatives targeted to improve customer convenience, accessibility, digital payment options, customer service and engagement. The company's 'Canara Robeco Mutual Fund App' has more than 500,000 downloads across android and iOS platforms as of December 31, 2024. The company offers paperless online empanelment process for distributors and provides smarT MFD portal for transaction handling, real-time transaction status tracking, and full access to investor information.

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