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Canara Robeco IPO is a bookbuilt issue of Rs 1,326.13 crore. This issue is entirely an offer for sale of 4.99 crore shares with no fresh issue.
The IPO opens for subscription on October 9, 2025, and closes on October 13, 2025. The allotment is expected to be finalized on Tuesday, October 14, 2025. The price band for the IPO is set at ₹253 to ₹266 per share, and the minimum lot size for an application is 56 shares.
Company Summary
Incorporated in 1993, Canara Robeco Asset Management Company Limited (CRAMC) is an asset management firm in India, serving as the investment manager for Canara Robeco Mutual Fund.
The company’s headquarters are located in Mumbai, Maharashtra, India. It operates as a joint venture between Canara Bank and Orix Corporation Europe N.V. (formerly Robeco Group N.V.).
CRAMC offers a diverse range of investment options, including equity, debt, and hybrid schemes.
As of December 31, 2024, out of the 25 schemes that the company managed, 14 are equity-oriented schemes (inclusive of 12 equity schemes and two (2) hybrid schemes), while the remaining 11 are debt-oriented schemes (inclusive of 10 debt schemes and one (1) hybrid scheme).
Canara Robeco Asset Management Company Ltd. has a nationwide presence, directly serving customers in over 23 cities across 14 states and 2 union territories through a network of 23 branches as of December 31, 2024.
The company works with a wide network of 49,412 distribution partners across India, including Canara Bank, 44 other banks, 259 national distributors (NDs), and 49,108 mutual fund distributors (MFDs), helping make its investment products easily accessible to customers.
Company Strengths
- Partnership with Canara Bank and Robeco combines local and global expertise with skilled professionals to support strong fund management.
- Diverse mutual fund offerings suit different investor risk profiles.
- The company claims to have invested heavily in digital ecosystem aimed at improving customer convenience, engagement and service accessibility.
- Association with reputable institutions boosts credibility and trust.
- The company also insists they have a strong multi-channel sales and distribution network, which includes third-party distributors, sales through branches, and digital platforms.
- Canara Bank’s network enhances market reach.
Company Financials
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 735.1 | 674.03 | 516.81 | 377.97 |
| Total Income | 121.34 | 404 | 318.78 | 204.8 |
| Profit After Tax | 60.98 | 190.7 | 151 | 79 |
| EBITDA | 81.77 | 264.08 | 201.14 | 112.89 |
| Net Worth | 660.6 | 600.06 | 454.49 | 328.55 |
| Reserves and Surplus | 461.19 | 400.64 | 404.64 | 278.7 |
| Amount in ₹ Crore | ||||
Objectives of IPO
To achieve the benefits of listing the Equity Shares on the Stock Exchanges and for the Offer for Sale of up to 49,854,357 Equity Shares of face value of ₹10 each aggregating up to ₹1,326.13 crore by our Promoter Selling Shareholders.
Promoters of the company
Canara Bank and ORIX Corporation Europe N.V. are the company’s promoters.
IPO Details
| IPO Date | October 9, 2025, to October 13, 2025 |
| Listing Date | October 16, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹253 to ₹266 per share |
| Lot size | 56 shares |
| Total Issue size | 4,98,54,357 shares (aggregating upto ₹1,326.13 Cr ) |
| Issue type | Bookbuilding IPO |
| Listing at | NSE, BSE |
| Share Holding Pre Issue | 19,94,17,428 shares |
| Share Holding Post Issue | 19,94,17,428 shares |
Lot Allocation Details
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 56 | ₹14,896.00 |
| Retail (Max) | 13 | 728 | ₹1,93,648.00 |
| S-HNI (Min) | 14 | 784 | ₹2,08,544.00 |
| S-HNI (Max) | 67 | 3,752 | ₹9,98,032.00 |
| B-HNI (Min) | 68 | 3,808 | ₹10,12,98 |
Allotment Schedule
| Basis of Allotment | Tue, 14 Oct, 2025 |
| Initiation of Refunds | Wed, 15 Oct, 2025 |
| Credit of Shares to Demat | Wed, 15 Oct, 2025 |
| Tentative Listing Date | Tue, 14 Oct, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 13, 2025 |
IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Source – SEBI, Chittorgarh
To check allotment, click here
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