Canara Robeco IPO will open for subscription on 9 October 2025 and close on 13 October 2025. The price band is fixed at ₹253 to ₹266 per share. Allotment will be declared on 14 October 2025, and the shares will list on BSE and NSE on 16 October 2025.
The company plans to raise about ₹1,326.13 crore through this book-built issue. The entire IPO is an offer for sale of 4,98,54,357 equity shares, with no fresh issue component. Proceeds from the sale will go to existing shareholders.
The AMC has shown steady performance, with revenue growing to ₹404 crore in FY2025 and profit rising to ₹190.70 crore. Considering its long operating history, rising AUM, and consistent profitability, long-term investors may evaluate subscribing.
Contents
Canara Robeco IPO Details
| Detail | Information |
|---|---|
| IPO Open Date | 9 October 2025 |
| IPO Close Date | 13 October 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹253 – ₹266 |
| Issue Size | ₹1,326.13 crore (approx) |
| Offer for Sale | 4,98,54,357 equity shares |
| Issue Type | Book Built Issue |
| Listing | BSE, NSE |
| DRHP Draft Prospectus | View PDF |
| RHP Draft Prospectus | View PDF |
- Also Read:
- Canara HSBC Life IPO
IPO Review and Highlights
| Point | Summary |
|---|---|
| Overall Review | May apply |
| CM Rating | 45 |
| Promoters | Canara Bank and ORIX Corporation Europe |
| Issue Type | 100 percent OFS; no new shares |
| AUM (June 2025) | Closing AUM: ₹1,175.13 billion; Avg AUM: ₹1,110.52 billion |
| Growth | Revenue nearly doubled from FY2023 to FY2025 |
| Strength | Strong profit growth, high RoNW, low debt |
| Reach | Strong retail presence across Tier-II and Tier-III cities |
| Risk | High competition in AMC sector |
Canara Robeco IPO
Open: 9-13 Oct 2025
Issue Size: ₹1,326.13 Cr.
Objective: Current owners are selling shares (OFS) and listing for brand visibility.
Exchange: BSE and NSE
Market Lot and Minimum Investment
| Category | 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 |
IPO Reservation Structure
| Category | Shares Offered | Percentage |
|---|---|---|
| Anchor | 1,49,56,306 | 28.04% |
| QIB (Excluding Anchor) | 1,34,50,818 | 25.22% |
| NII | 74,78,154 | 14.02% |
| Retail | 1,74,49,025 | 32.72% |
Canara Robeco IPO Review
Canara Robeco Asset Management Company is backed by Canara Bank and ORIX Corporation Europe, operating as a joint venture. Its AUM as of June 30, 2025 stood at a closing value of about ₹1,175.13 billion, reflecting strong traction. Revenue nearly doubled from around ₹205 crore in FY2023 to ₹404 crore in FY2025, and profits have also shown healthy growth.
The AMC has a strong retail presence with good reach in smaller cities, helping diversify its investor base. Good return on net worth, low debt, and efficient cost control add to its strengths. However, it operates in a highly competitive space with major players like HDFC AMC, Nippon Life AMC, Aditya Birla Sun Life AMC, and SBI AMC.
Anchor Investor Details
| Detail | Information |
|---|---|
| Anchor Bidding Date | 8 October 2025 |
| Shares Offered | 1,49,56,306 |
| Anchor Portion Size | ₹397.84 crore |
| Anchor Investors List | View PDF |
| Lock-in (50%) | Till 13 November 2025 |
| Lock-in (Remaining 50%) | Till 12 January 2026 |
Important Canara Robeco IPO Dates
| Event | Date |
|---|---|
| IPO Open | 9 October 2025 |
| IPO Close | 13 October 2025 |
| Allotment | 14 October 2025 |
| Refunds | 15 October 2025 |
| Shares to Demat | 15 October 2025 |
| Listing | 16 October 2025 |
| Cut-off Time | 5 PM, 13 October |
Promoter Shareholding
| Particulars | Shares | Shareholding |
|---|---|---|
| Pre-Issue | 19,94,17,428 | 100% |
| Post-Issue | 19,94,17,428 | 100% (No change due to OFS) |
About Canara Robeco
Canara Robeco, founded in 1993, is India’s second-oldest asset management company. It offers a mix of equity, hybrid, and debt mutual fund schemes. The AMC became a joint venture between Canara Bank and ORIX Corporation Europe in 2007.
As of June 2025:
• It manages 26 schemes (12 equity, 10 debt, 4 hybrid).
• It operates through 25 branches across 23 cities in 14 states and 2 union territories.
Financial Performance (₹ in crore)
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| FY2023 | 204.80 | 97.78 | 79.00 | 377.97 |
| FY2024 | 318.78 | 123.60 | 151.00 | 516.81 |
| FY2025 | 404.00 | 146.35 | 190.70 | 674.03 |
| June 2025 | 121.34 | 41.46 | 60.98 | 735.10 |
Valuation Summary (FY2025)
| KPI | Value |
|---|---|
| ROE | 36.17% |
| PAT Margin | 0.18% |
| EPS | ₹9.56 |
| RoNW | 31.78% |
| NAV | ₹30.09 |
| Debt to Equity | Nil |
Peer Comparison
| Company | EPS | PE Ratio | RoNW | NAV | Income |
|---|---|---|---|---|---|
| HDFC AMC | 115.16 | 48.21 | 32.36% | 380.27 | ₹3,498.44 cr |
| Nippon Life AMC | 20.34 | 43.35 | 31.38% | 66.38 | ₹2,230.69 cr |
| AB Sun Life AMC | 32.26 | 24.60 | 26.99% | 129.19 | ₹1,684.78 cr |
| UTI AMC | 57.35 | 22.83 | 16.04% | 403.22 | ₹1,851.09 cr |
IPO Lead Managers
• SBI Capital Markets Ltd
• Axis Capital Ltd
• JM Financial Ltd
Company Contact Information
Canara Robeco Asset Management Co. Ltd.
Construction House, 4th Floor, 5 Walchand Hirachand Marg, Ballard Estate, Fort, Mumbai 400001
Phone: +91 22 6658 500
Email: Secretarial@canararobeco.com
Website: canararobeco.com
IPO Registrar
MUFG Intime India Pvt. Ltd.
Phone: +91 22 4918 6270
Email: canararobeco.ipo@in.mpms.mufg.com
Website: in.mpms.mufg.com/Initial_Offer/public-issues.html
Canara Robeco IPO FAQs
What is Canara Robeco IPO?
It is a mainboard IPO worth ₹1,326.13 crore priced in the range of ₹253–₹266. The shares will list on BSE and NSE.
When does the IPO open?
It opens on 9 October 2025 and closes on 13 October 2025.
What is the investors’ quota?
QIB: 50%, NII: 15%, Retail: 35%.
How to apply for the IPO?
You can apply online through ASBA or UPI using your bank or stockbroker. Offline forms are also accepted.
What is the lot size?
The minimum lot size is 56 shares.
When is the allotment date?
Allotment will be declared on 14 October 2025.
When will the shares list?
Listing will take place on 16 October 2025.
Expert Comment
The Canara Robeco IPO offers investors a chance to participate in a well-established AMC with a strong growth record and rising profitability. While the offer is entirely an OFS, the company’s consistent performance and expanding AUM make it a steady long-term consideration for investors looking at the mutual fund management space.
