Summary of this article
Canara Robeco AMC IPO is set to open for subscription later this week. Check the price band, peers, business model and other key details of the public issue.
Canara Robeco AMC IPO: The initial public offering (IPO) of Canara Robeco AMC will open for subscription on October 9 and close on October 12. Here’s a look at some of the key details of the asset management company’s peers, financials, strengths and risks before it opens for subscription:
Canara Robeco AMC IPO: Offer Size, Listing Date, Price Band
Canara Robeco AMC IPO issue size aggregates to Rs 1,326.13 crore and consists of a fresh issue of 49.90 million shares. The price band has been fixed at Rs 253-266 per share. The minimum lot size to apply for retail investors has been set at one lot consisting of 56 shares aggregating to a minimum investment of Rs 14,896.
The allotment is expected to be determined on October 14, and successful bidders will receive the shares in their demat accounts on October 15. The shares are slated to list on the BSE and NSE on October 16.
Canara Robeco AMC: Key Financials
Canara Robeco AMC’s total income for the June quarter of FY25 stood at Rs 121.34 crore, the company’s profit-after-tax (PAT) stood at Rs 60.98 crore and the company’s net worth stood at Rs 660.60 crore.
Canara Robeco AMC’s total income increased by over 26 per cent to Rs 404 crore in the financial year ending March 31, 2025 compared to Rs 318.78 crore in the preceding fiscal. The company’s PAT for FY 2024-25 stood at Rs 190.7 crore, up by over 26 per cent compared to a net profit of Rs 151 crore in FY 2023-24. The net worth of Canara Robeco AMC increased by over 32 per cent to Rs 600.06 crore in FY 2024-25 from Rs 454.49 in the preceding fiscal.
Canara Robeco AMC: Peers
Canara Robeco AMC mentioned in its red herring prospectus (RHP) that it competes with companies seeking to attract customers’ financial assets, including other mutual fund companies, traditional and online brokerage firms, and other financial institutions. The company added that some of its listed competitors include HDFC AMC, Nippon Life India Asset Management, Aditya Birla Sun Life AMC and UTI AMC.
Canara Robeco AMC: Business Model
Canara Robeco AMC mentioned in its RHP that its primary activities include managing mutual funds and providing investment advice on Indian equities. As of June 30, 2025 it manages 26 schemes comprising 12 equity schemes, 10 debt schemes and four hybrid schemes. The AMC has a quarterly average assets under management (AAUM) of Rs 1,110.52 billion as of June 30, 2025.
The company added that it has a multi-channel sales and distribution network which allows it to offer products and services to its customers. The AMC operates through third-party distributors, and sales made through branches and digital platforms.
Canara Robeco AMC IPO: Risks and Strengths
Canara Robeco AMC’s business faces these risks, according to the company’s RHP.
One of its nine equity schemes have underperformed relative to their underlying indices. The company added that if its investment schemes underperform, then its AUM could reduce and affect the results of operations.
Its business is subject to extensive regulation by the Securities and Exchange Board of India (Sebi). Non-compliance with Sebi norms can expose the business to penalties and restrictions.
The performance of its equity-oriented schemes has a significant impact on its AUM and revenue from operations.Thus, underperformance by its equity-oriented schemes may have a disproportionate adverse impact on its business.
Here’s a look at some of the key strengths of Canara Robeco AMC, according to the company’s RHP.
Canara Robeco AMC claimed that its operations are led by a professional management team and established corporate governance standards.
It has a well-diversified equity products mix backed by a research-driven investment process.
It has a pan-India multi-channel sales and distribution network.
Canara Robeco AMC IPO: Objective
Canara Robeco AMC plans to achieve the benefits of listing its equity shares on the stock exchanges. The company expects the listing of its shares to enhance the visibility of its brand and provide liquidity to its existing shareholders. However, the company will not receive the proceeds of the public issue, as they will go to the selling shareholders.
