IPO Details
Bidding Dates
09 Oct 25 - 13 Oct 25
Price Range ₹
253 - 266
Total Equity
₹ 1326.13Cr
Lot Size
56
Exchange Status
BSE,NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
1.91×
Qualified Institutional Buyers
25.92×
Employees
0.00×
Retail Investors
1.91×
Total subscription Rate
9.74×
IPO Timeline
Offer start
09 Oct 2025
Offer end
13 Oct 2025
Allotment
14 Oct 2025
Refund initiation
15 Oct 2025
Demat transfer
15 Oct 2025
Listing
16 Oct 2025
Offer start
09 Oct 2025
Offer end
13 Oct 2025
Allotment
14 Oct 2025
Refund initiation
15 Oct 2025
Demat transfer
15 Oct 2025
Listing
16 Oct 2025
About Company
Canara Robeco Asset Management Company Ltd. (CRAMC), incorporated in 1993, is one of India’s oldest and most established asset management firms. Headquartered in Mumbai, it serves as the investment manager for Canara Robeco Mutual Fund. The company is a joint venture between Canara Bank (a leading public sector bank) and Orix Corporation Europe N.V. (formerly Robeco Group N.V., a global financial services firm). CRAMC offers a wide spectrum of mutual fund products, including equity, debt, and hybrid schemes, catering to both retail and institutional investors. As of June 30, 2025, it managed 26 schemes — with 15 equity-oriented (including 3 hybrid) and 11 debt-oriented (including 1 hybrid) funds. The company maintains a strong nationwide footprint, serving customers in over 23 cities across 14 states and 2 union territories through 25 branches. Its distribution strength is notable, backed by a network of over 52,000 partners, which includes Canara Bank, 44 other banks, 548 national distributors, and 51,750 mutual fund distributors (MFDs). This extensive network enhances accessibility and investor reach across India.
Year Founded
02-03-1993
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 0 |
| Share Capital | 199417428 | 0 |
Offer to Public
4,98,54,357.00 Cr
Project Details
- None - Nonecr
Objectives
- To achieve the benefits of listing the Equity Shares on the Stock Exchanges and for the Offer for Sale of up to 49,854,357 Equity Shares of face value of ?10 each aggregating up to million by our Promoter Selling Shareholders
Highlights
- Backed by Canara Bank’s trust and Robeco’s global expertise, giving it strong credibility and brand recall in the mutual fund industry.
- Offers a well-balanced mix of equity, debt, and hybrid funds, catering to different investor risk profiles.
- Over 52,000 distribution partners across India ensure deep market penetration and reach, especially in semi-urban and retail segments.
- Solid revenue and PAT growth, coupled with a high RoNW (36%), reflects operational efficiency and profitability.
- Integrated digital ecosystem and research-driven investment processes enhance fund performance and investor engagement.
Challenges
- No fresh issue means the company won’t receive any capital infusion; proceeds go to selling shareholders.
- Performance and AUM growth are highly sensitive to market volatility, economic cycles, and investor sentiment.
- With a P/E of ~21.75x, the IPO appears expensive compared to some peers, which may limit near-term upside.
- Faces stiff competition from large AMCs like HDFC, SBI, ICICI Prudential, and Nippon Life India Asset Management.
- The mutual fund industry is highly regulated by SEBI, and any change in compliance or fee structures could affect margins.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2023 | 3,779.65 | 498.54 | 9,80,53,040.00 | 9,80,53,040.00 | 0.4917 |
| 2025 | 6,740.29 | 1,994.17 | -9,89,77,620.00 | -9,89,77,620.00 | -2.4489 |
| 2022 | 3,156.76 | 498.54 | 6,22,91,640.00 | 6,22,91,640.00 | 0.7746 |
| 2024 | 5,168.14 | 498.54 | -9,89,77,620.00 | -9,89,77,620.00 | -2.4489 |
| 2021 | 24,767.73 | 4,985.44 | -9,89,77,620.00 | -9,89,77,620.00 | -2.4489 |
