In 2025, India’s IPO market continues to attract investor attention, with marquee offerings in financial services and asset management space. Among these, Canara Robeco Asset Management Company Limited (CRAMC) is opening its IPO on October 9, 2025, allowing investors to participate in a leading asset management firm with a diversified product portfolio and strong pan-India presence.
About Canara Robeco Asset Management Ltd.
Incorporated in 1993, Canara Robeco Asset Management Company Limited serves as the investment manager for Canara Robeco Mutual Fund. The company is a joint venture between Canara Bank and ORIX Corporation Europe N.V. (formerly Robeco Group N.V.).
CRAMC offers a wide range of investment options, including equity, debt, and hybrid schemes. As of June 30, 2025, it manages 26 schemes (15 equity-oriented including 3 hybrid, and 11 debt-oriented including 1 hybrid).
The company has a nationwide presence, directly serving customers in 23+ cities across 14 states and 2 union territories, supported by 25 branches and a distribution network of 52,343 partners, including banks and mutual fund distributors.
Competitive Strengths:
- Strong brand with established parentage and professional management
- Research-driven, diversified equity product mix
- Pan-India multi-channel sales and distribution network
- Increasing proportion of AUM contributed by individual investors and SIPs
- Integrated technology-led operations and digital ecosystem
Canara Robeco IPO Details
The Canara Robeco IPO is a book building issue of ₹1,326.13 crore, entirely an Offer for Sale (OFS) of 4.99 crore shares. The IPO will be listed on BSE and NSE.
IPO Timeline:
| Event | Date (Tentative) |
| IPO Open Date | Oct 9, 2025 |
| IPO Close Date | Oct 13, 2025 |
| Tentative Allotment | Oct 14, 2025 |
| Initiation of Refunds | Oct 15, 2025 |
| Credit of Shares to Demat | Oct 15, 2025 |
| Tentative Listing Date | Oct 16, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Oct 13, 2025 |
Key IPO Details:
| Parameter | Details |
| Face Value | ₹10 per share |
| Issue Price Band | ₹253 – ₹266 per share |
| Lot Size | 56 shares |
| Total Issue Size | 4,98,54,357 shares (₹1,326.13 Cr) |
| Sale Type | Offer For Sale |
| Issue Type | Bookbuilding IPO |
| Shareholding Pre-Issue | 19,94,17,428 shares |
| Shareholding Post-Issue | 19,94,17,428 shares |
Investor Category Reservation:
- QIB: Not more than 50% of the Net Offer
- Retail: Not less than 35% of the Net Offer
- NII: Not less than 15% of the Net Offer
Lot Size & Investment:
| Application | Lots | Shares | Amount |
| 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 |
Promoter Holding:
- Promoters: Canara Bank and ORIX Corporation Europe N.V.
- Pre-IPO: 100%
- Post-IPO: [Calculated based on equity dilution]
Book Running Lead Manager: SBI Capital Markets Ltd.
Registrar: MUFG Intime India Pvt. Ltd.
Canara Robeco Asset Management Ltd.: Financials
Financial Highlights (₹ Crore):
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 735.10 | 674.03 | 516.81 | 377.97 |
| Total Income | 121.34 | 404.00 | 318.78 | 204.80 |
| Profit After Tax | 60.98 | 190.70 | 151.00 | 79.00 |
| EBITDA | 81.77 | 264.08 | 201.14 | 112.89 |
| Net Worth | 660.60 | 600.06 | 454.49 | 328.55 |
| Reserves & Surplus | 461.19 | 400.64 | 404.64 | 278.70 |
Key Performance Indicators (FY2025):
- Market Cap: ₹5,304.50 Cr
- RoNW: 36.17%
- PAT Margin: 0.18%
- EBITDA Margin: 0.26%
- Price to Book Value: 8.84
- EPS Pre-IPO: ₹9.56 | Post-IPO: ₹12.23
- P/E Pre-IPO: 27.82x | Post-IPO: 21.75x
Objects of the Issue
The IPO proceeds are proposed to be utilised as follows:
| Object | Amount (₹ Crore) |
| To achieve the benefits of listing the Equity Shares on Stock Exchanges and for the Offer for Sale by Promoter Selling Shareholders |
Industry Outlook
The Indian mutual fund industry continues to grow strongly, supported by:
- Rising retail investor participation
- Expansion of SIPs and individual investments
- Increasing penetration of organized mutual fund distribution across India
- Demand for diversified investment products including equity, debt, and hybrid schemes
Canara Robeco’s established brand, professional management, and wide distribution network position it well to capitalize on this growing market.
Canara Robeco IPO: Peer Comparison
Canara Robeco IPO can be compared with peers like HDFC Asset Management Company Ltd, ICICI Prudential Asset Management Company Ltd, SBI Mutual Fund, Aditya Birla Sun Life AMC Ltd, and Nippon Life India Asset Management Ltd. Reviewing these companies helps investors gauge Canara Robeco’s position in the asset management sector and make informed decisions.
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Conclusion
The Canara Robeco IPO presents an opportunity to invest in a leading asset management firm with strong corporate governance, diversified offerings, and pan-India reach. Investors should consider the company’s solid fundamentals, though mindful of market risks in the mutual fund sector and regulatory environment.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO listings to stay updated on the latest market offerings.
