IPO Alert: Canara Robeco AMC to Open for Subscription on October 9

Canara Robeco Asset Management Company will open its initial public offering(IPO) for subscription on October 9, 2025. The anchor book will be available on October 8, and the issue will close on October 13, 2025. 

The company has fixed the price band at ₹253-₹266 per share. As per the news reports, the share allotment will take place on October 14, and the stock to list on October 16, 2025.

Offer Structure

Canara Robeco IPO is a complete offer-for-sale of 4.98 crore shares. Canara Bank will sell 2.59 crore shares, while ORIX Corporation Europe N.V. will offload 2.39 crore shares. There will be no fresh issue of shares, and the company will not receive any funds from the offering.

Investor Allocation

Of the total issue, 50% has been reserved for Qualified Institutional Bidders, 15% for Non-Institutional Investors, and 35% for retail investors. The minimum application size for retail investors is one lot of 56 shares, which amounts to ₹14,896 at the upper end of the price band.

Valuation

At the upper end of the price range, Canara Robeco AMC will have a market capitalisation of about ₹5,304 crore. The shares carry a face value of ₹10 each. SBI Capital Markets, Axis Capital, and JM Financial are the lead managers for the issue.

Company Profile

Incorporated in 1993, the company was earlier known as Canbank Investment Management Services. In 2007, Canara Bank sold a 49% stake to ORIX Corporation. As of June 2025, the firm managed 26 schemes with assets under management (AUM) of ₹1.17 lakh crore.

Canara Robeco AMC Financials

For the June 2025 quarter, the AMC reported a net profit of ₹61 crore, up 19.4% from ₹51.1 crore in the same period last year. Revenue increased 18.9% year-on-year to ₹121.1 crore. In FY25, the company posted a net profit of ₹190.7 crore and revenue of ₹403.7 crore, showing annual growth of 26.3% and 26.9% respectively.

Read More: Upcoming IPOs This Week (Oct 6–10): Tata Capital & More Open for Bidding! 

Conclusion

The IPO adds to a busy week on the primary market, with other offerings such as Tata Capital, LG Electronics India, and Rubicon Research also opening for subscription.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

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