Canara Robeco Asset Management Co.Ltd. | Globe Capital Market LTD.
Canara Robeco Asset Management Co.Ltd.
Closed
Price Band
₹253 to ₹266 per share
IPO Issue Period
October 9, 2025 to October 13, 2025
Issue Size
₹1,326.13 Cr
Face value
₹10 per share
Fresh issue
NIL
Offer for sale
₹1,326.13 Cr
Minimum Shares for Retail
56 Shares
Listing on
BSE, NSE
Issue Type
Book Built Issue IPO
Registrar to the Issue
MUFG Intime India Pvt.Ltd.
Tentative Listing Date
Thu, Oct 16, 2025
QIB
50%
NII
15%
Retail
35%

SBI Capital Markets Ltd.
Axis Capital Ltd.
JM Financial Ltd.

Canara Robeco Asset Management Company Limited (CRAMC) is a prominent asset management firm in India, serving as the investment manager for Canara Robeco Mutual Fund. Incorporated in 1993, it’s notable for being India’s second oldest AMC. CRAMC operates as a joint venture between the public sector commercial bank, Canara Bank (51% stake), and ORIX Corporation Europe N.V. (49% stake), a subsidiary of the Japanese conglomerate ORIX Corporation.

Headquartered in Mumbai, CRAMC offers a diverse portfolio including equity, debt, and hybrid schemes. As of June 30, 2025, the company managed 26 schemes with a Quarterly Average Asset under Management (QAAUM) of ₹1,110.52 billion. Its strategy focuses on liquid investments, maintaining zero exposure to complex instruments like structured debt and AT1 bonds. CRAMC has a strong retail focus, with 86.87% of its Monthly Average AUM (MAAUM) from retail investors and the second highest share of retail AUM among the top 20 AMCs in India as of June 30, 2025. It also demonstrates a strategic reach into emerging markets, holding the second highest share of B-30 city AUM among the top 20 AMCs. This robust growth, supported by a vast network of 25 branches and over 52,000 distribution partners, underscores its solid position in the Indian mutual fund industry.

For the year/period ended (Rs. in Cr.)

FY25 FY24 FY23
Total Revenue 404.00 318.78 204.80
Profit After Tax 190.70 151.00 79.00
EPS 9.56 7.57 3.96
EBITDA Margin (%) 65.37 63.10 56.59
PAT Margin (%) 47.20 47.37 38.57

 

For year/ period ended ( in Cr.)

Company Name Market Cap (Cr.) Price P/BV P/E Sales (Cr.)
FY25
Net Profits(Cr.)
FY25
Canara Robeco Asset Management Company Limited 5304.50* 266 8.84 21.75 404 190.70
HDFC Asset Management Company Limited 120875 5648 14.9 46.4 4050 2461
Nippon Life India Asset Management Limited 55538 872 13.1 41.2 2518 1286
Aditya Birla Sun Life AMC Limited 23534 815 6.34 24.2 1982 931
UTI Asset Management Company Limited 16696 1302 3.67 23.4 1851 813

*Market cap @upper band

 

  • Established Brand & Parentage: Second-oldest AMC leveraging Canara Bank’s extensive network and ORIX Corporation Europe’s global investment and risk management expertise.
  • Experienced Management & Governance: Operations led by an experienced management and 26-member investment team with long average tenures and adherence to robust corporate governance standards.
  • Product Diversity & Investment Process: Offers a well-diversified equity product mix, including seven schemes managed over 10 years, supported by a rigorous research-driven investment process.
  • Pan-India Distribution & Digital Focus: Features a pan-India multi-channel sales network (25 branches in 23+ cities) and an integrated technology-led digital ecosystem for customer convenience.

The Company CANARA ROBECO ASSET MANAGEMENT COMPANY LIMITED IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • To achieve the benefits of listing the Equity Shares on the Stock Exchanges and for the Offer for Sale of up to 49,854,357 Equity Shares of face value of ₹10 each aggregating up to ₹ 1326.13 Cr. by our Promoter Selling Shareholders

At the upper band of IPO ₹ 266, the stock is valued at 21.75 P/E multiple. Hence, well-informed investors subscribe for medium to long term perspective.

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