
Canara Robeco Asset Management Company Limited, established in 1993, is India's second-oldest asset management company. It operates as a joint venture between Canara Bank and ORIX Corporation Europe N.V. The company's primary business involves managing mutual funds and providing investment advisory services. As of June 30, 2025, it managed 26 schemes, including 12 equity, 10 debt, and four hybrid schemes, with a quarterly average Assets Under Management (AUM) of ₹1,110.52 billion. Canara Robeco leverages a multi-channel sales and distribution network, which includes third-party distributors, direct sales through its branches, and various digital platforms to serve a wide customer base across India.
Oct 09, 2025
Oct 13, 2025
Oct 16, 2025
Mainboard
Closed
1326.13 Cr
0 Cr
1326.13 Cr
₹253 - ₹266
56
The objects of the Offer are to carry out the Offer for Sale and to achieve the benefits of listing on the Stock Exchanges.
To carry out the Offer for Sale of up to 49,854,357 Equity Shares by the Promoter Selling Shareholders, allowing them to monetize their investment.
To achieve the benefits of listing the Equity Shares on the Stock Exchanges, which is expected to enhance the company's visibility and brand image, and provide liquidity to its existing shareholders.
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36.17%
65.37%
36.17%
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47.24%
65.37%
8.84
Recognized brand with over three decades of operational legacy and strong parentage from Canara Bank and ORIX Corporation Europe N.V.
Led by a professional management team and an experienced investment team with a long average tenure, ensuring strategic continuity.
Well-diversified equity product portfolio supported by a robust, research-driven investment process that has delivered consistent performance.
Extensive pan-India multi-channel sales and distribution network comprising third-party distributors, a wide branch network, and digital platforms.
High dependence on third-party distributors, which generated over 73% of the Monthly Average Assets Under Management (MAAUM) as of June 30, 2025.
Significant concentration of AUM in equity-oriented schemes (over 91% of QAAUM), increasing vulnerability to equity market volatility.
Geographical concentration of business, with over 62% of MAAUM sourced from customers in five Indian states/union territories.
Reliance on licensed trademarks 'Canara' and 'Robeco' from promoters, with agreements requiring a brand transition post-IPO.
The Indian mutual fund industry is experiencing significant growth driven by a strong domestic economy and rising investor participation.
Increasing financial literacy and digital adoption are expanding the mutual fund market into smaller cities (B-30 cities).
Favorable demographics, including a large young population and rising per capita income, are likely to boost household savings and investment in financial assets.
Growing popularity of Systematic Investment Plans (SIPs) provides a stable and growing source of inflows from retail investors.
The business is subject to extensive regulation by SEBI, and non-compliance can lead to penalties and operational restrictions.
Intense competition from other asset management companies, banks, insurance providers, and emerging fintech platforms.
Unfavorable market fluctuations and economic downturns can lead to a decline in AUM and reduced management fees.
Potential regulatory changes, such as a reduction in the Total Expense Ratio (TER) limits, could adversely impact revenue and profitability.