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Canara Robeco AMC IPO listed @ Rs. 280.25

Canara Robeco AMC IPO Details

Canara Robeco Asset Management Co. Ltd. is coming out with its IPO, a pure offer-for-sale of 4.99 crore equity shares, aggregating Rs. 1,326.13 crore. The issue opens on 9 October 2025 and closes on 13 October 2025, with tentative listing scheduled on 16 October 2025 at BSE & NSE. The price band is fixed at Rs. 253–266 per share, and the minimum lot size is 56 shares (Rs. 14,896 at upper band). For sNII, minimum investment works out to Rs. 2,08,544, and for bNII, Rs. 10,12,928. SBI Capital Markets Ltd. is the BRLM and MUFG Intime India Pvt. Ltd. is the Registrar.

đź•— Last Update: 16 October 2025, 6.00 AM
QIB B HNI X S HNI X NII X RII X Total X
25.92 6.77 5.82 6.45 1.91 9.94
Applications: 430.735
Subscription Review:
On the last day of subscription, with the support of QIBs and HNIs, the IPO garnered strong subscriptions.

 IPO Key Dates

Anchor portion
IPO opens on 9 Oct. 2025
IPO Closes on 13 Oct 2025
IPO Allotment on 14 Oct 2025
Unblocking of Asba 15 Oct 2025
Credit of Shares 15 Oct 2025
Listing of Shares 16 Oct 2025

The promoters  
Canara Bank and ORIX Corporation Europe N.V are the company’s promoters..

The promoters hold 100 % shares in the pre-IPO capital of the company.

Objects of  IPO

The IPO consists only of an offer for sale.

Business :

Incorporated in 1993, Canara Robeco Asset Management Company Ltd. (CRAMC) is among India’s well-established asset managers, acting as the investment manager for Canara Robeco Mutual Fund. Headquartered in Mumbai, it is a joint venture between Canara Bank and Orix Corporation Europe N.V.

The company manages a diversified basket of schemes across equity, debt, and hybrid categories. As of December 31, 2024, it had 25 schemes – with 14 equity-oriented (12 equity + 2 hybrid) and 11 debt-oriented (10 debt + 1 hybrid).

CRAMC has built a strong nationwide presence with 23 branches across 14 states and 2 union territories, directly serving investors in over 23 cities. Its robust distribution network of 49,412 partners includes Canara Bank, 44 other banks, 259 national distributors, and 49,108 mutual fund distributors, ensuring wide accessibility of its products across India.

👉 This extensive reach and strong parentage position CRAMC among the trusted names in India’s mutual fund industry.

IPO Details

Opens On 9 October 2025
Closes on 13 October 25
Face Value Rs.10 
Issue Price Band Rs.253-266
Lot Size 53 Shares
Sale Type Offer for sale
Total Issue Size 4,98,54,357 shares
Total Issue Size Rs.1326.13 Cr
Employee Discount Rs. 0
Shareholder Discount Rs. 0
Listing At BSE, NSE

How are the shares offered?

Investor Category Shares Offered
QIB Shares Offered Not less than 50% of the Net Offer
Retail Shares Offered Not more than 35% of the Net Offer
NII Shares Offered Not more than 15% of the Net Offer

How Shares can be applid?

Application Lots Shares Amount
Rs.
Retail (Min) 1 56 14,896
Retail (Max) 13 728 1,93,648
S-HNI (Min) 14 784 2,08,544
S-HNI (Max) 67 3,752 9,98,032
B-HNI (Min) 68 3,808 10,12,928

How to check Allotment Status

Allotment of this IPO will be announced on 14 October 2025 and the link to check allotment is given below:
ttps://linkintime.co.in/Initial_Offer/public-issues.html

Registered Office of the company
Canara Robeco Asset Management Co.Ltd.
Construction House,
4th Floor, 5, Walchand Hirachand Marg,
Ballard Estate, Fort,
Mumbai, Maharashtra, 400001

Email: Secretarial@canararobeco.com
The Lead Managers
SBI Capital Markets Ltd.  
Axis Capital Ltd.  
JM Financial Ltd. 
Registrar to IPO
Mufg India Intime Pvt ltd

Financial Snapshot

Period Ended 31-Dec-24 31-Mar-24 31-Mar-23 31-Mar-22
Assets 616.9 516.81 377.97 315.68
Total Income 303.05 318.78 204.8 164.42
Profit After Tax 148.98 151 79 60.16
Net Worth 558.35 454.49 328.55 272.19
Reserves and Surplus 358.93 404.64 278.7 222.34
Amount in Rs. Crore

 

Key Performance Indicators

KPI Values
RoNW 33.22%

Peer Comparison

Company Name P/E (x) RoNW (%)
Canara Robeco AMC Ltd 27.82 33.22
Hdfc Asset Management Company Ltd 50.17 29.47
Nippon Life India AMC Limited 38.25 29.54
Aditya Birla Sun Life AMC Limited 24.69 27.45
UTI AMC Limited 18.85 18.14

IPO Concise Review by Paresh Gordhandas, CA & Research Analyst

Canara Robeco AMC is India’s second-oldest mutual fund house with strong parentage of Canara Bank and global expertise of Robeco.

Key Ratios:

  • FY25 (annualized) EPS: Rs. 9.56

  • RoNW: 33.22% (highest among peers)

  • P/E: 27.82x, offering a valuation discount compared to industry leaders like HDFC AMC (50.17x) and Nippon Life AMC (38.25x).

Peer Snapshot:

  • HDFC AMC: P/E 50.17x | RoNW 29.47%

  • Nippon Life AMC: P/E 38.25x | RoNW 29.54%

  • Aditya Birla Sun Life AMC: P/E 24.69x | RoNW 27.45%

  • UTI AMC: P/E 18.85x | RoNW 18.14%

Thus, Canara Robeco AMC combines strong return ratios with relatively attractive valuations, positioning itself as a competitive player in the growing Indian asset management industry.

At the upper price band of Rs. 266, the IPO is valued at 27.82x P/E, which is at a discount compared to HDFC AMC (50.17x) and Nippon AMC (38.25x). This indicates room for valuation re-rating post listing. Strong financials, robust brand recall, and favorable industry tailwinds make the issue attractive.

Overall, the IPO offers a good opportunity for medium to long-term investors seeking exposure to the growing Indian asset management sector.

Canara Robeco AMC IPO dates

Canara Robeco AMC IPO price & Lot

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