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Canara Robeco Asset Management Company Ltd
FinanceIPO
₹266 - 266
We are an asset management company, and our primary activities include managing mutual funds and providing investment advice on Indian equities. As of June 30, 2025, we managed 26 schemes comprising 12 equity schemes, 10 debt schemes and four hybrid schemes with a quarterly average AUM of Rs. 1,110.52 billion as of June 30, 2025. We have a multi-channel sales and distribution network that allows us to offer products and services to our customers. This network includes third-party distributors, and sales made through our branches, and digital platforms.
Lot56Min Invest₹14,896Face Value₹10Issue Size₹1,326 CrOffer for Sale₹1,326 CrListing Price₹280CMP₹204
Timeline
9 Oct
Bidding opens
13 Oct
Bidding closes
14 Oct
Allotment
15 Oct
Refund & demat credit
16 Oct
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹1,326 Cr4.99 Cr shares
Offer for Sale₹1,326 Cr
Face Value₹10
Lot Size56 shares
ReservationQIB 50% · NII 15% · RETAIL 35%
Application Sizes
Retail₹14,8961-13 lots
sNII₹2,08,544from 14 lots
bNII₹10,12,928from 68 lots
Managers & Registrar
Lead ManagerSBI Capital Markets Ltd
Co-ManagerAxis Capital Ltd, JM Financial Ltd
RegistrarMUFG Intime India Pvt Ltd
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrCanara BankPRMTR2,59,24,266689.59ORIX Corporation Europe N.V.PRMTR2,39,30,091636.54Total4,98,54,3571,326.13
Shareholding
CategoryPre IPOPost IPOPromoter Group100%75%Public0%25%
Objects of the Issue
- Listing of Shares on the Stock Exchanges
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 | Latest |
|---|---|---|---|---|---|
| RevenueCr | 191 | 318 | 404 | 454 | 498 |
| Operating ProfitCr | 95 | 201 | 264 | 283 | 318 |
| OPM% | 49.7 | 63.2 | 65.4 | 62.4 | 63.8 |
| PBTCr | 106 | 195 | 258 | 275 | 308 |
| PATCr | 79 | 151 | 191 | 204 | 229 |
| EPS | 16 | 8 | 10 | 10 | 11 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 | Latest |
|---|---|---|---|---|---|
| Equity CapitalCr | 50 | 50 | 199 | 199 | 199 |
| ReservesCr | 279 | 405 | 401 | 546 | 636 |
| BorrowingsCr | 0 | 0 | 0 | 0 | 0 |
| Fixed AssetsCr | - | - | 18 | 23 | 30 |
| Total AssetsCr | 378 | 517 | 674 | 819 | 914 |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 | Latest |
|---|---|---|---|---|---|
| Operating Cash FlowCr | 68 | 107 | 159 | 172 | - |
| Investing Cash FlowCr | -46 | -81 | -113 | -108 | - |
| Financing Cash FlowCr | -22 | -26 | -48 | -62 | - |
| Net Cash FlowCr | -1 | 0 | -2 | 2 | - |
Strengths & Risks
Strengths · as stated in the DRHP
- Recognized brand with legacy of operations and established parentage.
- Operations led by professional management team and established corporate governance standards.
- Well-diversified equity products mix backed by research-driven investment process.
- Pan-India multi-channel sales and distribution network.
- Expanding proportion of AUM contributed by individual investors and SIP contributions.
- Integrated technology-led operations with a well-established digital eco-system.
Strategies · as stated in the DRHP
- Focus on delivering sustained investment performance through a robust research-driven process.
- Grow our distribution and geographical presence.
- Focus on Diversifying our AUM across Asset-Class and Product Offerings.
- Focus on leveraging technology to improve operational efficiency.
- Enhance our employee value proposition to attract and retain high-quality talent.
Risks · as stated in the DRHP
- One of the company's equity schemes and nine of its debt schemes have underperformed relative to their respective benchmark indices over a one calendar year ended June 30, 2025. If our investment schemes underperform, the company's AUM could decrease, negatively impacting our results of operations.
- The company's business is subject to extensive regulation, including periodic inspections by the Securities and Exchange Board of India ("SEBI"), and the company's non-compliance with existing regulations or SEBI's observations could expose the company to penalties and restrictions in the business that we can undertake.
- Unfavourable market changes and economic downturns may result in customer withdrawals or a decrease in customer transactions, resulting in a decline in the company's assets under management and management fees, which could significantly and negatively influence its revenue from operations, business prospects, financial conditions, and results of operations.
- The performance of the company's equity-oriented schemes has a significant impact on the company's assets under management and consequently its revenue from operations. As of June 30, 2025, June 30, 2024, March 31, 2025, March 31, 2024, and March 31, 2023, 91.17%, 92.34%, 91.69%, 91.66% and 88.43% of the company's quarterly average assets under management were from equity-oriented schemes. Underperformance by our equity-oriented schemes may have a disproportionate adverse impact on the company's business and revenue.
- As of June 30, 2025 and June 30, 2024 and March 31, 2025, March 31, 2024, and March 31, 2023, 73.45%, 75.82%, 73.63%, 76.24% and 78.04% of the company's monthly average assets under management were generated from third-party distributors. If the company is unable to maintain its existing relationship with the company's third-party distributors or attract new distributors, the company's business, competitiveness, results of operations and financial condition may be adversely impacted.
- The company is dependents on several key personnel, including its Key Managerial Personnel and Senior Management as well as the company's investment team, and the loss of or the company's inability to attract or retain such persons could adversely affect its business, financial condition, results of operations and cash flows.