Canara Robeco IPO

Canara Robeco IPO

Listed

MainboardOpens 9 October 2025Closes 13 October 2025

Canara Robeco Asset Management Company Limited (CRAMC) is India’s second oldest asset management company (AMC), operating as a joint venture between Canara Bank (51% stake) and ORIX Corporation Europe N.V. (49% stake).…

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Live GMPSubscriptionAllotment
Price band
₹253 - ₹266
Issue size
₹1326.13 Cr
Lot size
56 shares
Type
Mainboard
GMP
₹22 (+8.3%)
Est. listing
₹288
Est. profit / app
₹1,232
Retail quota
—

Key ratios

As per RHP / filings
Face value
₹10
EPS
12.23
P/E ratio
21.75
RoNW
36.17%
ROE
31.78%
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Timeline

  1. IPO Opens

    9 Oct 2025

  2. IPO Closes

    13 Oct 2025

  3. Allotment

    14 Oct 2025

  4. Listing

    16 Oct 2025

IPO Timeline & Listing Details

EventDate
IPO Open Date9 October 2025
IPO Close Date13 October 2025
Allotment Date14 October 2025
Listing Date16 October 2025

Investment Categories

CategoryLotsAmount
Retail (Min)
1₹14,896
Retail (Max)Just less than ₹2,00,000
13₹1,93,648
SHNI (Min)Just above ₹2,00,000
14₹2,08,544
SHNI (Max)Below ₹10,00,000
67₹9,98,032
BHNIAbove ₹10,00,000
68₹10,12,928

IPO Objectives

  • The IPO is entirely an Offer for Sale (OFS). The company will not receive any proceeds. The objectives are to achieve the benefits of listing and provide liquidity to the existing shareholders (Canara Bank and ORIX Corporation Europe N.V.).

Strengths

  • The company is a **recognized brand** with a strong legacy and parentage (Canara Bank and ORIX), offering extensive distribution support and global expertise.
  • It demonstrates **high profitability** and operational excellence, shown by a strong PAT margin of ~47% and a robust RoCE of 47.7% in FY25.
  • It has the **highest retail AUM share** among top 10 AMCs, providing sticky, granular inflows due to a well-diversified equity product mix.
  • The company has achieved **consistent and high AUM growth** at a 28.6% CAGR (FY22-FY25), significantly surpassing the industry average.
  • The **IPO valuation (27.8x P/E) is moderate** compared to peers, suggesting potential for future re-rating after listing.

Weaknesses

  • The IPO is a **Pure Offer for Sale (OFS)**, meaning the company will not receive any fresh capital for business expansion or investment.
  • The business faces **high Asset Class Concentration** in equity-oriented schemes (over 91% of QAAUM), making its earnings highly sensitive to equity market volatility.
  • The company has shown **slower-than-industry AUM growth** and market share loss in certain segments in recent periods.
  • It has **exposure to contingent liability risk** from a substantial GST demand of ₹476.28 crore.
  • The business has **heavy reliance on third-party distribution partners** for mutual fund inflows, which creates dependency risk.
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Financial Performance

Period Ended30 Jun 202531 Mar 202531 Mar 202431 Mar 2023
Assets (₹ Cr.)735.1674.03516.81377.97
Revenue (₹ Cr.)121.34404318.78204.8
PAT (₹ Cr.)60.98190.715179
Net Worth (₹ Cr.)660.6600.06454.49328.55

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)
Canara Robeco Asset8.8421.7536.17%660.6
Hdfc Asset Management14.4245.0130.26%8,130.38
Nippon Life India12.9540.4130.53%4,213.74

Subscription Details

Daily Bids Status

CategoryDay 1Day 2Day 3
QIB0x0x25.92x
NII0.23x0.53x6.45x
S-HNI0.37x0.85x5.82x
B-HNI0.16x0.37x6.77x
RII0.36x0.74x1.91x
Total0.21x0.44x9.74x

Overall Subscription Statistics

CategoryShares OfferedShares BidBid Amount (₹ Cr)
QIB99,70,87225,83,96,4886,873.35
NII74,78,1544,82,59,7921,283.71
Small NII24,92,7181,45,01,928385.75
Big NII49,85,4363,37,57,864897.96
RII1,74,49,0253,33,13,672886.14
Total3,48,98,05133,99,69,9529,043.2
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Company Details

  • Canara Robeco Asset Management Co.Ltd.
  • Construction House, 4th Floor, 5, Walchand Hirachand Marg, Ballard Estate, Fort, Mumbai, Maharashtra-400001
  • + 91226658500
  • Secretarial@canararobeco.com
  • https://www.canararobeco/

Registrar Details

Frequently Asked Questions

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Canara Robeco IPO News & Updates

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Canara Robeco IPO IPO Pages

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Canara Robeco IPO Details

Issue size, price, financials, and company info

Canara Robeco IPO GMP

Live grey market premium and listing estimate

Canara Robeco IPO Subscription

QIB, NII, Retail, SHNI and BHNI subscription

Canara Robeco IPO Allotment

Allotment date, chances, and check by PAN

Canara Robeco IPO Review

SWOT, strengths, risks, and IPO review

Canara Robeco IPO FAQ

Common questions on dates, GMP, and allotment

Canara Robeco IPO Registrar

Registrar website and how to check allotment

Canara Robeco IPO Timeline

Open, close, allotment, and listing dates

Canara Robeco IPO News

Updates, blogs, and latest IPO news

Sources

We match Canara Robeco IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.

  • SEBIRules for IPO allotment and disclosures in India
  • NSEExchange notices, bidding data, and listing updates
  • BSEExchange notices and IPO allotment check tools
  • RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
  • MUFG Intime India Pvt.Ltd.Official site to check allotment status for this IPO

Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.

Reviewed by

Dinesh Agrawal · Lead IPO Analyst

15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.

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