Canara Robeco Asset Management Co. Ltd IPO is a book-built issue worth ₹1,326.13 crore, comprising an offer for sale (OFS) of 4.99 crore equity shares.
The Canara Robeco IPO will open for subscription on October 9, 2025, and close on October 13, 2025. The IPO allotment is expected to be finalized on October 14, 2025, and the listing is likely to take place on the BSE and NSE on October 16, 2025.
The price band for the IPO is set between ₹253 and ₹266 per share, with a lot size of 56 shares. For retail investors, the minimum investment required is ₹14,896 (based on the upper price band). For small non-institutional investors (sNII), the minimum bid is 14 lots (784 shares), amounting to ₹2,08,544, while big non-institutional investors (bNII) need to bid for 68 lots (3,808 shares), totaling ₹10,12,928.
SBI Capital Markets Ltd is the book running lead manager and MUFG Intime India Pvt Ltd is the registrar of the issue. Refer to Canara Robeco IPO RHP for complete details.
Canara Robeco IPO Objectives
The company plans to allocate the net proceeds from the issuance to list the equity shares on the stock exchanges and to facilitate an Offer for Sale (OFS) of up to 49,854,357 equity shares with a face value of ₹10 each, by the promoter selling shareholders.
About Canara Robeco Limited
Canara Robeco Asset Management Company Limited is India’s second-oldest asset management company (AMC). The company primarily manages mutual funds and provides investment advisory services on Indian equities to Robeco Hong Kong Limited (“Robeco HK”), a member of its Promoter Group. As of June 30, 2025, the company managed 26 schemes, including 12 equity schemes, 10 debt schemes, and four hybrid schemes, with a quarterly average asset under management (QAAUM) of ₹1,110.52 billion.
Incorporated in 1993 as Canbank Investment Management Services Limited, the company was initially set up to manage the assets of Canbank Mutual Fund, wholly owned by Canara Bank. In 2007, it became a joint venture under the name Canara Robeco Asset Management Company Limited, when Canara Bank entered into an agreement with ORIX Corporation Europe N.V. (previously known as Robeco Groep N.V. or “Robeco”), leading to Robeco acquiring a 49% stake while Canara Bank retained 51%.
The company has demonstrated strong growth in its QAAUM, registering a CAGR of 28.60% between March 31, 2023, and March 31, 2025.
The company has a strong retail focus, with retail and high-net-worth individual investors contributing ₹1,011.70 billion — or 86.87% — of its total Monthly Average Assets Under Management (MAAUM) as of June 30, 2025. Out of 5.05 million total folios, 5 million were held by individual customers, representing 99.01% of the total.
As of June 30, 2025, 15 of the company’s 26 schemes were equity-oriented (including three hybrid schemes), while the remaining 11 were debt-oriented. The share of equity-oriented QAAUM increased from 88.43% as of March 31, 2023, to 91.69% as of March 31, 2025, reflecting a strong CAGR of 30.96%.
Canara Robeco follows a disciplined investment process — focusing on companies with solid fundamentals and sustainable growth in its equity schemes, while prioritising safety, liquidity, and returns in debt schemes.
Industry Outlook
- The Alternative Investment Fund (AIF) segment is poised for significant growth, with assets under management (AUM) expected to rise from ₹13.4 trillion in March 2025 to ₹53–56 trillion by March 2030, reflecting a strong CAGR of ~29–31%.
- India’s wealth management industry, valued at ₹37.8 trillion in FY2025, is projected to expand to around ₹47 trillion by FY2027, growing at a CAGR of 12–14%, supported by rising investor participation and broader financial inclusion.
- Increasing affluence, a shift from traditional physical assets to diversified financial instruments, and greater market sophistication are expected to drive sustained growth in both alternative investments and wealth management segments.
How To Apply for the Canara Robeco IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Canara Robeco IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of Canara Robeco IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Canara Robeco Limited
Registered office: Construction House, 4th Floor, 5, Walchand Hirachand Marg, Ballard Estate, Mumbai – 400 001, Maharashtra, India
Phone: + 91 22 6658 5000
E-mail: Secretarial@canararobeco.com
Canara Robeco IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Canara Robeco IPO Lot Size Details
| Application | Lots | Shares | Amount |
| Individual investors (Retail) (Min) | 1 | 56 | ₹14,896 |
| Individual investors (Retail) (Max) | 13 | 728 | ₹1,93,648 |
| HNI (Min) | 14 | 784 | ₹2,08,544 |
Canara Robeco IPO Promoter Holding
Canara Bank and ORIX Corporation Europe N.V are the company's promoters.
| Share Holding Pre-Issue | 100% |
| Share Holding Post Issue  | NA |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for Canara Robeco IPO
| KPI | Value |
| Revenue Yield (%) | 0.11 |
| Operating Margin (%) | 0.07 |
| RoNW (%) | 9.67 |
| PAT Yield(%) | 0.05 |
Canara Robeco IPO Prospectus
Canara Robeco IPO Registrar and Lead Managers
Canara Robeco IPO Lead Managers
- SBI Capital Markets Ltd
- Axis Capital Ltd
- JM Financial Ltd
Registrar for Canara Robeco IPO
MUFG Intime India Pvt Ltd
- Phone: +91-22-4918 6270
- Email: ipo@in.mpms.mufg.com
- Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Financial Performance of Canara Robeco Limited
| Particulars | Fiscal 2025 | Fiscal 2024 |
|---|---|---|
| Net Worth (₹ in million) | 6,000.56 | 4,544.89 |
| Revenue from Operations (₹ in million) | 4,036.95 | 3,180.90 |
| Restated Profit/(Loss) After Tax (₹ in million) | 1,907.04 | 1,509.95 |
| Net Asset Value per Equity Share (₹) | 30.09 | 91.16 |
Know before investing
Strengths
5
- Backed by Canara Bank and OCE, the company enjoys strong brand trust and over three decades of operational experience.
- Extensive nationwide reach through Canara Bank’s 9,861 branches contributes significantly to its mutual fund distribution.
- Professionally managed with a highly experienced leadership and investment team ensuring consistent performance.
- Maintains robust corporate governance, transparency, and compliance standards, enhancing investor confidence.
- Offers a diversified equity product portfolio, including several long-standing schemes with strong market rankings.
Risks
5
- Underperformance of certain equity and debt schemes may reduce AUM and negatively impact financial performance.
- Non-compliance with SEBI regulations or adverse inspection findings could lead to penalties or business restrictions.
- Market volatility and economic downturns may trigger customer withdrawals, lowering AUM and management fees.
- Heavy dependence on equity-oriented schemes makes revenue highly sensitive to their market performance.
- Significant reliance on third-party distributors poses risks if existing relationships weaken or fail to expand.
Canara Robeco Limited Peer Comparison
| Company | Revenue from Operations for FY 2025 (₹ million) | Basic EPS (₹) | P/E Ratio | Return on Net Worth (%) |
|---|---|---|---|---|
| Canara Robeco Asset Management Company Limited | 4,036.95 | 9.56 | NA | 31.78 |
| HDFC Asset Management Company Limited | 34,984.40 | 115.16 | 48.21 | 32.36 |
| Nippon Life India Asset Management Limited | 22,306.90 | 20.34 | 43.35 | 31.38 |
| Aditya Birla Sun Life AMC Limited | 16,847.80 | 32.26 | 24.60 | 26.99 |
| UTI Asset Management Company Limited | 18,510.90 | 57.35 | 22.83 | 16.04 |
