Canara Robeco IPO: Price, Analysis, Allotment, And GMP

Canara Robeco IPO - Company Analysis

Canara Robeco IPO, a Mainboard IPO, is a bookbuilding issue of Rs. 1,326.13 Cr by Canara Robeco Asset Management Co Ltd.,  incorporated in 1993, is a joint venture between Canara Bank and ORIX Corporation Europe N.V. (formerly Robeco Groep N.V.). The company is one of the oldest and most trusted asset management firms in India and manages mutual fund schemes under Canara Robeco Mutual Fund.

As one of the top 10 AMCs in India, the company has a broad range of equity, hybrid, and debt schemes. The company has earned a robust reputation in the market due to the dependable performance of its funds, sound risk management, and use of technology in fund distribution.

Canara Robeco IPO Details

The Canara Robeco Asset Management Co Ltd IPO open date is from Oct 09 to Oct 13, with IPO allotment on Oct 14, refund initiation on Oct 15, 2025.

The Rs. 1,326.13 Cr mainline IPO comprises a wholly offer for sale (OFS) of 4.99 crore shares. The Canara Robeco IPO listing date might be on Thursday, 16 October 2025, and it will be listed at the BSE and NSE. The Canara Robeco IPO price band is Rs. 253 to Rs. 266 for each Share. 

Events	Date
IPO Opening Date	October 09, 2025
IPO Closing Date	October 13, 2025
IPO Allotment Date	October 14, 2025 (Tentative)
Refund Initiation	October 15, 2025 (Tentative)
Tentative IPO Listing Date	October 16, 2025

 

Industry Outlook

If you want to apply for the IPO, click to open a Demat Account.

 

 

Company Financial 

(Amount in Cr)

Period	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	674.03	516.81	377.97
Total Income	404.00	318.78	204.80
Profit After Tax	190.70	151.00	79.00
EBITDA	264.08	201.14	112.89
Net Worth	600.06	454.49	328.55
Reserves & Surplus	400.64	404.64	278.70

 

Cash Flows

The cash flows for various activities are shown below:

(Amount in Mn)

Net Cash Flow In Multiple Activities	FY25	FY24	FY23
Net Cash Flow Operating Activities	1,574.80	1,072.55	689.03
Net Cash Flow Investing Activities	(1,128.87)	(805.42)	(460.66)
Net Cash Flow Financing Activities	(461.44)	(262.23)	(234.92)

 

Revenue Bifurcation 

AUM-wise Breakdown

 

Folio-wise Breakdown

(Source RHP)

The Objective of The Issue

• As the IPO is an Offer for Sale entirely, Canara Robeco AMC will not be receiving any proceeds from the issue.

Click to check the IPO application status.

Listed Peers of Canara Robeco Asset Management Co Ltd.

Company Name	Face Value (Rs. per Share)	EPS (Rs.)	P/E (x)
HDFC Asset Management Co. Ltd.	5	115.16	48.21
Nippon Life India AMC Ltd.	10	20.34	43.35
Aditya Birla Sun Life AMC Ltd.	5	32.26	24.60
UTI Asset Management Co. Ltd.	10	57.35	22.83

 

Valuation

Metric	Value
RoNW	36.17%
PAT Margin (Yield)	0.18%
EBITDA Margin	0.26%
Price to Book Value	8.84

 

 

Evaluation of P/E Ratio

The company's IPO price of Rs. 266 corresponds to a P/E multiple of 27.82x based on FY25 EPS of Rs. 9.56.

Explore the Fabtech Technologies IPO.

IPO's Strengths

• Strong support from Canara Bank and ORIX Corporation, which provides financial and operational support.

• There is consistent growth in AUM and profitability, which puts us amongst the top most AMCs in India by return on equity (36.3% in FY25).

• There is a strong reputation that comes from over 30 years of fund management experience along with a diversified customer base.

• There is an efficient digitised and distributed network covering the whole of India.
  
  

IPO Weaknesses

• 100% Offer for Sale, with no fresh capital infusion into the business.

• The industry is competitive with pressure on expense ratios and margins.

• There are significant market risks and regulatory risks in the mutual fund industry. 

 

Canara Robeco IPO GMP 

Canara Robeco IPO GMP today is Rs. 0 as of 07 Oct 2025, while writing this information. 

 

Canara Robeco Limited IPO Summary

IPO Opening & Closing Date	Oct 09, 2025 to Oct 13, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 253 to Rs. 266
Lot Size	56 Shares
Issue Size	4,98,54,357 Shares (Rs. 1,326.13 Cr)
Offer for Sale	4,98,54,357 Shares (Rs. 1,326.13 Cr)
Fresh Issue	-
Listing At	BSE, NSE
Issue Type	Book Built Issue IPO
Registrar	MUFG Intime India Pvt. Ltd.

 

 

Canara Robeco IPO Lot Size

The Canara IPO allows retail investors to invest in a minimum and maximum of 1 Lot (56 Shares) amounting to Rs. 14896 and 13 Lots (728 Shares) amounting to Rs. 193648, respectively, while for S-HNI investors, the minimum Lot is 14 (784 Shares) amounting to Rs. 208544.

Minimum Lot Investment (Retail)	1 Lot
Maximum Lot Investment (Retail)	13 Lots
SHNI (Minimum)	14 Lots
SHNI (Maximum)	67 Lots
BHNI (Minimum)	68 Lots

Canara Robeco IPO Reservation

Institutional Share Portion	50%
Retail Investors' Share Portion	35%
Non-Institutional Shares Portion	15%

 

Canara Robeco IPO Allotment Status

To check the Canara Robeco IPO allotment status, visit the official Registrar’s website or the BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

 

Promoters And Management of Canara Robeco Asset Management Co Ltd.

• Canara Bank

• ORIX Corporation Europe N.V.
  
  

Pre-Issue Promoter Shareholding	100%
Post-Issue Promoter Shareholding	-

 

Canara Robeco IPO Lead Managers

• SBI Capital Markets Limited 

• Axis Capital Ltd. 

• JM Financial Ltd. 

 

Dividend Policy

The company has paid a dividend of Rs. 2.50, Rs. 7.50, Rs. 5.00 per Share in the past three financial years.

Conclusion

Canara Robeco is considered one of the best, most trusted mutual funds. This is due to their excellent profitability, high returns on net worth, and strong brand equity.  

Since the Canara Robeco IPO is an Off for Sale, it can be noted there will be promoters exit. The predicted growth of the mutual fund industry, increasing financialisation, and strong profitability make this issue worth monitoring.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

Click Here To Stay Updated With The Upcoming IPOs.

DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.