Mumbai | 6-Oct-2025, 11:30 IST — Canara Robeco Asset Management Company Ltd has fixed the price band for its upcoming IPO at ₹253–₹266 per share, with the public issue slated to open for subscription on October 9, 2025. The offering will be closely watched as the first AMC (asset management company) IPO since Nippon Life AMC’s listing.
IPO Snapshot
- Company: Canara Robeco Asset Management Company Ltd
- Sector: Mutual Fund & Asset Management
- Price Band: ₹253 – ₹266 per share
- Issue Opens: 9 October 2025
- Issue Closes: 11 October 2025
- Exchange Listing: NSE & BSE (Mainboard)
The IPO will comprise a mix of fresh issue and offer-for-sale (OFS), enabling promoters to monetize holdings while the company raises funds for business expansion, digital initiatives, and capital adequacy.
Company Profile
Canara Robeco AMC, a joint venture between Canara Bank and Robeco (part of ORIX Corporation, Japan), is among India’s established mutual fund houses. The AMC manages a range of equity, debt, hybrid, and thematic funds and has a strong retail as well as institutional investor base.
As of March 2025, the company reported Assets Under Management (AUM) exceeding ₹1.6 lakh crore, making it one of the top-10 AMCs in the country.
Why This IPO Matters
This IPO is significant for multiple reasons:
- Sector debut after a gap: The AMC sector has not seen fresh listings in recent years, making this a benchmark issue.
- Growing MF penetration: With rising retail SIP inflows, mutual funds are gaining prominence in household financial savings.
- Banking parentage: Backed by Canara Bank, the AMC enjoys a wide distribution network across India.
Market Context
The IPO comes at a time when mutual fund inflows are at record highs. Monthly SIP contributions have crossed ₹22,000 crore (as per AMFI), and investors are showing appetite for professionally managed equity and debt products.
However, challenges remain in terms of competition from private AMCs, regulatory cost pressures, and market-linked volatility that directly impacts AUM and profitability.
Outlook
Brokerages expect strong subscription demand, especially from long-term investors seeking exposure to India’s asset management growth story. The valuation will be compared with listed peers such as HDFC AMC, Nippon Life AMC, and UTI AMC.
Analysts advise investors to weigh factors such as AUM growth trajectory, fee income stability, and market share trends before subscribing.
