Synopsis:
Canara Robeco AMC is launching a Rs. 1,326.13 crore book-building IPO from October 9 to 13, 2025, with shares priced at Rs. 253–Rs. 266. Promoted by Canara Bank and ORIX, they are offering 4.99 crore shares, with a minimum retail lot of 56 shares and listing on BSE and NSE.
Canara Robeco Asset Management Co. Ltd is launching a book-building IPO worth Rs. 1,326.13 crore, entirely through an offer for sale of 4.99 crore shares. Canara Robeco is set to launch its IPO from October 9, 2025, to October 13, 2025. The shares are priced in the band of Rs. 253 to Rs. 266 each, with a face value of Rs. 10 per share, and the minimum lot size is 56 shares. The IPO will be listed on both the BSE and NSE, although the exact listing date is yet to be announced.
Canara Bank and ORIX Corporation Europe N.V. are the promoters of Canara Robeco. The promoters currently hold 100% of the company’s shares before the IPO. SBI Capital Markets Ltd. is acting as the book-running lead manager for the issue, while MUFG Intime India Pvt. Ltd is serving as the registrar.
GMP of the IPO
As of October 9, 2025, 9:00 AM, the last GMP for the Canara Robeco IPO is Rs. 35. With a price band of Rs. 266, the estimated listing price is Rs. 301, implying an expected gain of approximately 13.16% per share
IPO Timeline
The Canara Robeco IPO is scheduled to open on October 9, 2025, and close on October 13, 2025. The tentative allotment is expected on October 14, 2025, followed by the initiation of refunds and credit of shares to demat accounts on October 15, 2025.
The IPO is likely to be listed on the BSE and NSE on October 16, 2025. Investors using UPI for payment must ensure mandate confirmation by 5 PM on October 13, 2025.
Canara Robeco IPO Lot Size
Investors can bid for a minimum of 56 shares and in multiples of 56 shares thereafter. For retail investors, the minimum investment is 1 lot of 56 shares amounting to Rs. 14,896, while the maximum is 13 lots (728 shares) totaling Rs. 1,93,648.
For Small HNIs (S-HNI), the investment ranges from a minimum of 14 lots (784 shares) worth Rs. 2,08,544 to a maximum of 67 lots (3,752 shares) worth Rs. 9,98,032. Big HNIs (B-HNI) can invest starting from 68 lots (3,808 shares) with an amount of Rs. 10,12,928.
Objectives of the IPO
The Canara Robeco IPO aims to utilize the net proceeds primarily to achieve the benefits of listing its equity shares on the stock exchanges. Additionally, the IPO involves an offer for sale of up to 49,854,357 equity shares, each with a face value of Rs. 10, aggregating to an amount to be raised by the promoter selling shareholders.
Financials
In the June 2025 quarter, Canara Robeco Asset Management saw its assets rise to Rs. 735.10 crore, up 9% from Rs. 674.03 crore in March 2025, and net worth increased 10% to Rs. 660.60 crore. Reserves and surplus also grew by 15% to Rs. 461.19 crore.
Between March 2024 and March 2025, Canara Robeco Asset Management Co. Ltd. demonstrated robust financial growth. Revenue rose from Rs. 318.78 crore to Rs. 404.00 crore, a 27% increase, while profit after tax grew from Rs. 151.00 crore to Rs. 190.70 crore, up by 26%. Assets and net worth also expanded significantly, by 30% and 32% respectively, and EBITDA increased by 31%. The only minor decline was in reserves and surplus, which fell slightly by 1%.
Canara Robeco AMC IPO Peer Comparison
As of March 31, 2025, Canara Robeco Asset Management Co. Ltd has an EPS of Rs. 9.56 and a NAV per share of Rs. 30.09. While its P/E ratio is 31.78. It is comparatively lower than peers like HDFC Asset Management (P/E 48.21) and Nippon Life India AMC (P/E 43.35), but higher than Aditya Birla Sun Life AMC (P/E 24.60) and UTI AMC (P/E 22.83).
The company’s return on net worth (RoNW) of 36.17 percent and price-to-book value (P/BV) of 8.84x reflect a solid financial position, positioning it competitively among leading asset management firms in India.
Competitive Strengths of Canara Robeco AMC IPO
- Strong brand with a long-standing legacy and reputable parentage.
- Operations led by a professional management team with robust corporate governance.
- Well-diversified, research-driven equity product portfolio.
- PAN-India multi-channel sales and distribution network.
- Increasing proportion of AUM from individual investors and SIP contributions.
- Integrated, technology-driven operations with a well-established digital ecosystem.
Risks of the company
- Market volatility can significantly influence fund performance.
- Changes in regulations may affect operations and increase compliance expenses.
- Economic conditions could impact overall investor confidence.
- Strong competitive pressures may reduce fees and hinder growth.
- Dependence on specific distribution channels may restrict expansion opportunities.
About the company
Canara Robeco Asset Management Co. Ltd is a leading Indian asset management company promoted by Canara Bank and ORIX Corporation Europe N.V. It offers a range of mutual fund products and investment solutions catering to retail and institutional investors, focusing on long-term wealth creation and financial growth.
Written by Manideep Appana
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