IPO AND MARKET NEWS
Canara Robeco Asset Management Company Ltd IPO Opens On 9 October
Canara Robeco Asset Management Company Ltd IPO Opens On 9 October
L-R: Hilde Faber, Chief Operating Officer, Canara Robeco AMC Limited;Rajnish Narula, Managing Director & Chief Executive Officer, Canara Robeco AMC Limited; Ashwin Purohit, Chief Financial Officer, Canara Robeco AMC Limited; Atit Turakhiya, Head – Corporate Development & MIS, Canara Robeco AMC Limited
- Price Band has been fixed at Rs. 253 to Rs. 266 per Equity ShareT
- The Floor Price is 25.3 times the face value of Equity Shares and the Cap Price is 26.6 times the face value of the Equity Shares.
- Bid / Offer will open on Thursday, October 9, 2025 and close on Monday, October 13, 2025 (“Bid Dates”).
- The Anchor Investor Bid / Offer Period shall be Wednesday, October 8, 2025.
- Bids can be made for a minimum of 56 Equity Shares and in multiples of 56 Equity Shares thereafter. (“No. of Bids”)
Red Herring Prospectus link available on the website of the Company: https://www.canararobeco.com/company/shareholder-corner/offer-documents/
MUMBAI, (RMN) – Canara Robeco Asset Management Company, one of India’s well-known mutual fund firms, is bringing its much-awaited IPO to the market. The company has announced the price band for the issue, which is set between Rs 253 to Rs 266 per share. At the higher end of the price band, the company’s total valuation will be around Rs 5,305 crore (about USD 598 million).
The IPO will open for retail investors on October 9, 2025, and will close on October 13, 2025. Anchor investors can place their bids a day earlier, on October 8. The company is expected to list on the BSE and NSE on October 16.
This IPO is completely an Offer for Sale (OFS). That means the company will not get any proceeds from the issue.
Canara Robeco will not issue any new shares. Instead, the current promoters—Canara Bank and Orix Corporation Europe—will sell a portion of their stakes. Canara Bank will reduce its stake by around 13 percent, selling 2.59 crore shares, while Orix Corporation will sell about 2.39 crore shares. Minimum lot size consists of 56 shares and multiples thereof.Half of the net offer has been reserved for qualified institutional buyers, 35% for retail investors and the remaining 15% for non-institutional investors.
Canara Robeco is a joint venture between India’s public sector Canara Bank and Japan’s Orix Corporation. It manages more than Rs 1 trillion worth of assets (AUM) and is considered one of the top mutual fund companies in India.
It competes with other big names in the industry like HDFC AMC, Nippon Life India AMC, and UTI AMC. Despite this strong competition, Canara Robeco has maintained a steady and competitive performance over time.
The Management team present at the IPO announcement were, Mr. Rajnish Narula (MD & CEO), Ms. Hilde Faber (COO), Mr. Ashwin Purohit (CFO) and
Ashutosh Vaidya (CS). This IPO is launching during a very busy period for India’s primary markets, with several major companies looking to raise funds. It joins the list of other big names like Tata Capital, LG Electronics India, and WeWork India that are expected to bring their IPOs this quarter. Together, IPOs worth nearly Rs 67,000 crore (about USD 8 billion) are expected to hit the markets between October and December.
Ashutosh Vaidya (CS). This IPO is launching during a very busy period for India’s primary markets, with several major companies looking to raise funds. It joins the list of other big names like Tata Capital, LG Electronics India, and WeWork India that are expected to bring their IPOs this quarter. Together, IPOs worth nearly Rs 67,000 crore (about USD 8 billion) are expected to hit the markets between October and December.
Experts believe Canara Robeco’s large asset base of Rs 1 trillion make this IPO attractive for long-term investors. While the IPO won’t bring fresh funds to the company—since it’s fully OFS-based—it gives investors an opportunity to invest in a reliable and growing mutual fund business.
According to estimates, the company’s valuation at the upper end of the price band places it among India’s leading asset management companies. Analysts say that this IPO offers a solid opportunity to invest in a transparent and stable AMC business model, which may grow further as more Indians invest in mutual funds.
Canara Robeco Asset Management Company is the second oldest asset management company in India. Its primary activities include managing mutual funds (MFs) and offering investment advice on equities to Robeco Hong Kong Ltd, a member of the company’s Promoter Group.
As of December 2024, it managed 25 schemes, consisting of 12 equity schemes, 10 debt schemes and three hybrid schemes.
SBI Capital Markets, JM Financial and Axis Capital are the IPO’s book-running lead managers, while MUFG Intime India is the registrar.
