Synopsis: Canara Robeco, India’s second-oldest AMC (incorporated 1993), plans a 100% Offer For Sale of 4,98,54,357 shares (no fresh issue).
The IPO window is 9–13 Oct 2025 with 35% retail allocation; shares to list on BSE and NSE. As of 31 Dec 2024, it managed ₹1,08,366 crore QAAUM across 25 schemes, backed by Canara Bank’s nationwide distribution.
Mumbai: Canara Robeco AMC has filed for a mainboard IPO comprising a pure Offer For Sale (OFS).
The company is co-promoted by Canara Bank and Orix Corporation Europe N.V. and operates with a strong retail footprint and a pan-India presence.
Company profile & distribution: As on 31 Dec 2024, the AMC managed 25 mutual fund schemes
(12 equity, 10 debt, 3 hybrid) with QAAUM ₹1,08,366 crore. Retail franchise remains deep with MAAUM ₹97,545 crore (~88.84% of total) and
0.49 crore individual folios (~98.99% of total folios). Network spans 23 branches across 14 states & 2 UTs, supported by 49,412 empanelled partners
(Canara Bank plus 44 other banks, 259 national distributors, and 49k+ MFDs).
Canara Robeco IPO Snapshot
| IPO Dates | 9 – 13 October 2025 |
| Issue Price (Band) | Coming soon |
| Offer Structure | OFS 4,98,54,357 shares (No Fresh Issue) |
| Face Value | ₹10 per share |
| Retail Allocation | 35% | QIB 50% | NII 15% |
| Minimum Bid (Lot Size) | Coming soon |
| Listing | BSE, NSE |
| Promoters | Canara Bank, Orix Corporation Europe N.V. |
Financial performance (₹ crore)
| Metric | FY 2022 | FY 2023 | FY 2024 | 9M FY 2025 |
|---|---|---|---|---|
| Revenue | 164.22 | 204.60 | 318.09 | 302.89 |
| Expenses | 83.07 | 97.78 | 123.60 | 103.71 |
| Net Income | 60.16 | 79.00 | 151.00 | 148.98 |
| Margin (%) | 36.63 | 38.61 | 47.47 | 49.19 |
Valuations & key ratios (pre-issue where applicable)
| Metric | FY22 | FY23 | FY24 | FY25 (post-issue) |
|---|---|---|---|---|
| EPS (₹) | 3.02 | 3.96 | 7.57 | 7.57 |
| P/E (x) | — | — | — | — |
| RONW (%) | 22.10 | 24.05 | 33.22 | — |
| NAV (₹) | 54.60 | 65.90 | 91.16 | — |
| EBITDA (%) | 53.36 | 55.18 | 63.23 | — |
| ROE (%) | 23.9 | 26.3 | 28.6 | — |
| Operating Margin (%) | 0.20 | 0.19 | 0.26 | — |
*Compiled from prospectus disclosures; post-issue metrics will depend on the final offer price and equity base.
Comparison with listed peers (illustrative)
| Company | P/E (x) | EPS (₹) | RONW (%) | NAV (₹) | Revenue (₹ Cr.) |
|---|---|---|---|---|---|
| Canara Robeco | — | 7.57 | 33.22 | 91.16 | 318.09 |
| HDFC AMC | 50.17 | 90.89 | 29.47 | 331.41 | 2,584.37 |
| Nippon Life India AMC | 38.25 | 17.53 | 29.54 | 63.21 | 1,643.22 |
IPO timeline & listing
- Open: 9 Oct 2025 Close: 13 Oct 2025
- Basis of Allotment: 14 Oct 2025
- Refunds / Demat Credit: 15 Oct 2025
- Listing (BSE/NSE): 16 Oct 2025
GMP & Subscription: To be updated closer to listing; no official GMP available yet. Live subscription data will reflect QIB/NII/Retail participation during 9–13 Oct.
How to check Canara Robeco IPO allotment
- Registrar (MUFG Intime India): Use PAN / Application No. / DP-Client ID when the link goes live.
- BSE Application Status: Choose Equity → Select issue → Enter Application No. & PAN.
- NSE Bid/Allotment Check: Verify IPO bids with PAN & Application details.
Key takeaways
- Brand & bank-backed distribution: Leverages Canara Bank’s 9,800+ branches and 12,000+ ATMs for deeper market penetration.
- Retail-heavy AuM mix: Higher share of individual investors can support stable, sticky flows through cycles.
- Improving profitability: Net income and margin expansion over FY22–9M FY25 underline operating leverage.
- Pure OFS: No fresh capital; proceeds go to selling shareholders—watch offer pricing vs. listed AMCs’ multiples.
Disclaimer: GMP is unofficial and volatile; investors should rely on official documents (RHP/Prospectus) and assess risks, pricing, and peer valuations before applying.
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