Canara Robeco Asset Management Company Limited, a collaboration between Canara Bank and ORIX Corporation Europe, is gearing up to introduce its Initial Public Offering on October 9, 2025. The IPO comprises a complete Offer for Sale, with 4.98 crore shares available for purchase within a price range of Rs 253 to Rs 266 per share. Canara Bank intends to offload 2.59 crore shares, while ORIX Corporation Europe plans to divest 2.39 crore shares. Notably, all proceeds from this sale will benefit the existing shareholders, as there will be no infusion of fresh capital into the company.
The IPO subscription window will be open from October 9 to October 13, 2025, with anchor investor bids scheduled for October 8. Shareholders can anticipate the shares to be deposited into their demat accounts by October 15, followed by a listing on both the BSE and NSE on October 16. Interested investors can participate in lots of 56 shares, requiring a minimum investment of approximately Rs 14,896 at the upper price limit. The allocation of shares is structured with 35% set aside for retail investors, 50% for qualified institutional buyers, and 15% for non-institutional investors.
Having been established in 1993, Canara Robeco has evolved into a significant player in India’s asset management sector, offering a diverse array of equity, debt, and hybrid mutual fund options. By the end of December 31, 2024, the company managed assets valued at Rs 1.3 lakh crore, supported by a distribution network that capitalizes on Canara Bank’s expansive branch network alongside third-party distributors.
The company has demonstrated steady growth, with revenue escalating from Rs 164.22 crore in FY22 to Rs 318.09 crore in FY24, while the profit after tax surged from Rs 60.16 crore to Rs 151 crore during the same period. Prospective investors eyeing Canara Robeco’s IPO should weigh the benefits of investing in a well-established AMC with robust parentage and an extensive distribution network against potential risks like market fluctuations, reliance on third-party distributors, and occasional underperformance of certain schemes compared to their benchmarks.
In conclusion, Canara Robeco’s IPO could present a compelling long-term investment opportunity, especially for individuals seeking exposure to India’s expanding mutual fund industry.