Canara Robeco IPO: Check IPO Date, Live Subscription and Key Details
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). Its core business is managing mutual funds and providing investment advisory services. The company has a strong retail focus, with retail investors contributing 88.84% of its monthly average AUM (₹1,083.66 billion as of December 31, 2024). Canara Robeco specializes in equity-oriented schemes, which comprise over 90% of its AUM, and operates a wide multi-channel sales and distribution network, leveraging Canara Bank’s extensive branch presence.
Price Range
₹253.0 - ₹266.0
Issue Size
₹1,326.13 Cr
Lot Size
56 shares
IPO Type
Mainboard
GMP
₹22(+8.27%)
Est. Listing Price
₹288
Estimate Profit
₹1,232
Retail Portion
-
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
12.23
P/E Ratio
21.75
RoNW
36.17%
ROE
31.78%
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Timeline
IPO Opens
9 Oct
IPO Closes
13 Oct
Allotment
14 Oct
Listing
16 Oct
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 9 October 2025 | Subscription starts |
| IPO Close Date | 13 October 2025 | Subscription ends |
| Allotment Date | 14 October 2025 | Allotment |
| Listing Date | 16 October 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
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 Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 735.1 | 674.03 | 516.81 | 377.97 |
| Revenue (₹ Cr.) | 121.34 | 404 | 318.78 | 204.8 |
| PAT (₹ Cr.) | 60.98 | 190.7 | 151 | 79 |
| Net Worth (₹ Cr.) | 660.6 | 600.06 | 454.49 | 328.55 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Canara Robeco Asset | 8.84 | 21.75 | 36.17% | 660.6 |
| Hdfc Asset Management | 14.42 | 45.01 | 30.26% | 8,130.38 |
| Nippon Life India | 12.95 | 40.41 | 30.53% | 4,213.74 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0x | 0x | 25.92x |
| NII | 0.23x | 0.53x | 6.45x |
| S-HNI | 0.37x | 0.85x | 5.82x |
| B-HNI | 0.16x | 0.37x | 6.77x |
| RII | 0.36x | 0.74x | 1.91x |
| Total | 0.21x | 0.44x | 9.74x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 99,70,872 | 25,83,96,488 | 6,873.35 |
| NII | 74,78,154 | 4,82,59,792 | 1,283.71 |
| Small NII | 24,92,718 | 1,45,01,928 | 385.75 |
| Big NII | 49,85,436 | 3,37,57,864 | 897.96 |
| RII | 1,74,49,025 | 3,33,13,672 | 886.14 |
| Total | 3,48,98,051 | 33,99,69,952 | 9,043.2 |
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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
- MUFG Intime India Pvt.Ltd.
- +91-22-4918 6270
- canararobeco.ipo@in.mpms.mufg.com
- https://linkintime.co.in/Initial_Offer/public-issues.html
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