From ₹12.55 trillion in 2015 to ₹76.71 lakh crore in August 2025, India’s mutual fund industry has grown nearly six times in value. In this expanding market, Canara Robeco, one of the country’s long-standing asset management firms, plans to launch its Canara Robeco IPO, valued at about ₹1,326 crore. The public issue is aimed at supporting the company’s growth, while the Canara Robeco share price continues to draw attention ahead of the listing. Let’s learn more about this IPO in detail in this blog.
Canara Robeco IPO Details
Canara Robeco Asset Management Co.Ltd. IPO has face value of ₹10 per share with aggregated book build issue of ₹1,326.13 crores. Canara Robeco IPO bidding subscription opened on Oct 9, 2025 and closed on Oct 13, 2025. The allotment for the Canara Robeco IPO is expected to be finalized on Oct 14, 2025. Canara Robeco IPO will list on BSE, NSE with a tentative listing date fixed as Oct 16, 2025.
Canara Robeco IPO price band is set at ₹253.00 to ₹266.00 per share and the lot size for an application is 56. The minimum amount of investment required by a retail is ₹14,896 (56 shares) (based on upper price). The lot size investment for sNII is 14 lots (784 shares), amounting to ₹2,08,544, and for bNII, it is 68 lots (3,808 shares), amounting to ₹10,12,928.
| Book running lead manager | SBI Capital Markets Ltd. |
| Registrar of the issue | MUFG Intime India Pvt.Ltd |
The essential details of the Canara Robeco IPO review, including price band, lot size, issue type, and listing details, are given here:
| IPO opening date | 9th Oct 2025 |
| IPO closing date | 13th Oct 2025 |
| Face value | ₹10 per equity share |
| Price band | ₹253 to ₹266 per share |
| Issue price | ₹266 per share |
| IPO lot size | 56 shares |
| Sale type | Offer for Sale |
| Fresh issue | N/A |
| Offer for sale | 4,98,54,357 shares (totalling to up to ₹1,326.13 Cr) |
| Issue type | Bookbuilding IPO |
| Listing at | On both BSE and NSE |
| Total issue size | 4,98,54,357 shares (totalling to up to ₹1,326.13 Cr) |
| Reserved for market maker | Undisclosed |
| Net offeree to public | 4,98,54,357 shares (totalling up to ₹1,326.13 Cr) |
| Minimum investment | ₹14,896 |
| Retail discount | Undisclosed |
Canara Robeco IPO Timeline
Below is a detailed schedule outlining key dates of the Canara Robeco IPO analysis, from the offer opening to listing and share transfer:
| IPO open date | 09 October 2025 |
| IPO close date | 13 October 2025 |
| Provisional allotment | 14 October 2025 |
| Refund processing | 15 October 2025 |
| Transfer of shares into demat | 15 October 2025 |
| IPO listing | 16 October 2025 |
| Discontinuation date for UPI request validation | 13 October, 2025 (5 PM) |
| Shareholding Pre-Issue | Canara Bank: 10,17,02,888 shares (51%) ORIX Corporation Europe N.V.: 9,77,14,540 shares (49%) |
| Shareholding Post-Issue | Since the IPO is an Offer For Sale (OFS) only (no fresh issue), the total shares remain same, but promoter stakes will reduce. – Canara Bank will sell 2,59,24,266 shares – ORIX will sell 2,39,30,091 shares So post-OFS, promoter stakes will be recalculated accordingly. |
| Credit of Shares to Demat | The shares are expected to be credited to investors’ demat accounts on 15 October 2025 |
| Tentative Listing Date | The tentative listing is on 16 October 2025 |
| Total Shares in Offer / OFS | Up to 49,854,357 equity shares (face value ₹10) to be offered in the OFS |
Canara Robeco IPO Reservation
This table discusses how the Canara Robeco IPO shares are distributed among investor groups such as QIBs, HNIs, and retail investors:
| QIB shares offered | Not exceeding 50% of the overall offer |
| NII (HNI) shares offered | Not below 15% of the overall offer |
| Retail shares offered | Not below 35% of the overfall offer |
| Employee shares offered | Undisclosed |
| Total shares offered | 4,98,54,357 |
Canara Robeco IPO Core Performance Indicator
A rundown listing the company’s financial standing, profit patterns, and key performance indicators over the last three financial years is provided below.
| Indicator | FY23 | FY24 | FY25 |
| EPS (Basic & Diluted) (₹) | 3.96 | 7.57 | 9.56 |
| RoNW (%) | 24.05% | 33.22% | 31.78% |
| RoE (%) | Undisclosed | Undisclosed | Undisclosed |
| NAV per share (₹) | 65.90 | 91.16 | 30.09 |
| Debt to equity ratio | Nil | Nil | Nil |
| PAT Margin (%) | 38.61% | 47.47% | 47.24% |
| EBITDA (in ₹ million) | 1,128.87 | 2,011.41 | 2,640.81 |
| RoCE (%) | Undisclosed | Undisclosed | Undisclosed |
Canara Robeco IPO Financials
A consolidated snapshot of the Canara Robeco IPO financial performance, showing the company’s revenue, assets, and profits across recent fiscal years, is as follows:
| (in ₹ lakhs) | 2023 | 2024 | 2025 |
| Revenue from Operations | 20,459.5 | 31,809.0 | 40,369.5 |
| Total Assets | 37,796.5 | 51,681.4 | 67,402.9 |
| Profit After Tax | 7,900.1 | 15,099.5 | 19,070.4 |
Canara Robeco IPO Lot Size
Here’s a look at the Canara Robeco IPO details in India and the corresponding minimum and maximum investment values for various investor categories:
| Investor category | Minimum application |
| Retail (Min) | 1 lot (56 shares, ₹14,896) |
| Retail (Max) | 13 lots (728 shares, ₹1,93,648) |
| S-HNI (Min) | 14 lots (784 shares, ₹2,08,544) |
| B-HNI (Min) | 68 lots (3,808 shares, ₹10,12,928) |
Canara Robeco IPO Promoter Holding
The promoter shareholding pattern of Canara Bank and ORIX Corporation Europe N.V., showing their ownership before and after the Canara Robeco IPO, along with changes following the public issue.
| Percentage | |
| Promoter Holding Pre-Issue | 100% |
| Promoter Holding Post-Issue | Undisclosed |
Canara Robeco IPO Anchor Investors Details
Anchor investors receive share allocations prior to the opening of the public issue. The details of the Canara Robeco IPO anchor investors, including bid date and allocation size, are:
| Bid date | 8th October 2025 (Tentative) |
| Shares offered | Undisclosed |
| Anchor portion size (In Cr.) | Upto 60% of the QIB portion |
Canara Robeco IPO Prospectus
The Canara Robeco IPO prospectus contains all official documents, disclosures, and filings related to the offer include:
About Canara Robeco Asset Management
Canara Robeco Asset Management Company operates as a partnership between Canara Bank and Robeco. Established in 1906, Canara Bank, the parent institution caters to more than 89 million clients across 9,800+ branches in India. The bank is rated AAA by CRISIL, reflecting robust financial health. Canara Robeco offers a range of mutual fund and asset management services, leveraging over 118 years of banking experience combined with global investment expertise. Led by Managing Director Rajnish Narula, Canara Robeco focuses on providing innovative, diversified investment solutions to both retail and institutional clients across India.
Objectives of the Canara Robeco IPO
The capital raised is intended to cover the following planned expenditures:
| Purpose | Allocation (₹ in Crores) |
| BRLM-related charges and underwriting commissions | Not disclosed |
| Payments for brokerage, distribution, bidding, and processing services for intermediaries such as Registered Brokers, SCSBs, RTAs, and CDPs | Not disclosed |
| Publicity and marketing costs associated with the issue | Not disclosed |
| Other expenses(i) Fees for listing, SEBI filings, BSE & NSE processing, book-building software, and other statutory payments(ii) Printing, documentation, and stationery-related expenses(iii) Fee payable to legal counsel(iv) Payments due to advisors involved in the issue, such as industry specialists, independent auditors, and chartered accountants(v) Remuneration for the registrar of the offer(vi) Miscellaneous | Not disclosed |
Strength Of Canara Robeco IPO
Canara Robeco Asset Management stands out for its established brand, experienced management, and strong distribution network:
- Recognised brand with strong parentage: It is India’s second oldest asset management company and leverages the brand of Canara Bank and the global expertise of ORIX Corporation Europe N.V. (OCE).
- Experienced management and strong governance: The company is led by a professional management team with long tenure; the investment team averages 5.85 years and senior management averages 8.67 years with the company as of June 30, 2025.
- Well-diversified equity products: As of June 30, 2025, seven of its equity-oriented schemes have been managed for over 10 years and have outperformed their respective benchmarks over a 10-year horizon.
- Nationwide, multi-channel distribution network: The firm manages 25 offices and collaborates with 52,343 registered distribution partners including banks, large distributors, and mutual fund advisors as of June 30, 2025.
- Rising AUM from retail clients: The average AUM from individual and HNI investors expanded at a CAGR of 27.56% between March 31, 2023, and March 31, 2025.
- Integrated technology and digital ecosystem: The company utilises digital platforms like the “Canara Robeco Mutual Fund App,” which has over 700,000 downloads, for customer onboarding, transactions, and marketing.
Risk of Canara Robeco IPO
Investors should consider the following potential risks associated with the company’s business operations:
- Underperformance of schemes: One equity scheme and nine debt schemes underperformed their respective benchmark indices for the one-year period ending June 30, 2025, which could negatively impact AUM.
- Stringent regulatory oversight: The company undergoes regular SEBI inspections, and failure to comply with applicable regulations could result in fines or operational restrictions.
- Dependence on equity-oriented schemes: As of June 30, 2025, 91.17% of the quarterly average AUM was from equity-oriented schemes, making the business vulnerable to equity market downturns.
- Reliance on third-party distributors: As of June 30, 2025, 73.45% of the monthly average AUM was generated from third-party distributors. The inability to maintain these relationships could adversely impact the business.
- Dependence on key personnel: The business relies on its Key Managerial Personnel, Senior Management, and investment team, and losing them could affect operations.
- Licensed trademarks: The company uses the “Canara” and “Robeco” trademarks under license agreements. The termination of these agreements and failure to transition to a new brand could impact the business.
- Geographic concentration: As of June 30, 2025, 62.11% of the MAAUM was generated from customers in Maharashtra, Gujarat, Karnataka, Delhi, and Tamil Nadu, posing a risk from regional economic downturns.
- GST demand notice: Canara Robeco Mutual Fund (CRMF) has received a show cause cum demand notice from the GST department for an aggregate amount of ₹4,762.84 million, which could have an adverse effect if the outcome is unfavorable.
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| Greenleaf Envirotech IPO | Sodhani Capital IPO |
Canara Robeco IPO FAQs
To apply via Zerodha, log in to the Kite platform, locate the IPO section, select Canara Robeco IPO, enter your UPI ID, bid quantity, and price within the band. Submit the application and confirm the mandate in your UPI app. The application amount will be blocked until allotment finalisation.
The IPO will open for subscription on October 9, 2025, and close on October 13, 2025. Investors can place bids during this period within market hours. The basis of allotment is expected on October 14, 2025.
The minimum lot size is 56 shares, with an approximate application amount of ₹14,896 based on the upper price band. Retail investors can apply up to 13 lots or 728 shares. Higher lot sizes are applicable for HNI and institutional investors.
The minimum lot size is 56 shares, with an approximate application amount of ₹14,896 based on the upper price band. Retail investors can apply up to 13 lots or 728 shares. Higher lot sizes are applicable for HNI and institutional investors.
Applications can be submitted via ASBA through net banking or through brokers like Zerodha using UPI. Investors select the IPO, enter bid quantity and price, submit the form, and authorise payment in their UPI app before the closing date October 13, 2025.
The allotment is expected to be finalised on October 14, 2025. Investors can check their allotment status on the registrar website MUFG Intime India Pvt Ltd or through their brokers. Refunds will be initiated shortly after allotment.
The IPO is scheduled to list on BSE and NSE on October 16, 2025. Following allotment and credit to demat accounts, shares will be available for trading from this date, subject to regulatory approvals.
