For investors, it can be quite challenging to decide if the Canara Robeco IPO is a good investment or not. If you are unsure and still thinking about whether to apply or skip this IPO, don’t worry. In this article, we present the top key factors and a detailed review of the Canara Robeco IPO. This will help you analyze the strengths, risks, and financial details of the Canara Robeco IPO, making your investment decision better.
About Company
Canara Robeco Limited, incorporated in 1993 is India’s second-oldest asset management company (AMC) focusing on managing mutual funds and offering investment advice. As of June 30, 2025, they are known to offer a wide range of investment options, including 26 schemes, 12 equity, 10 debt, and 4 hybrid schemes.
Initially, the company started its business as Canbank Investment Management Services Limited. In 2007, it became Canara Robeco Asset Management Company Limited, a joint venture between Canara Bank and ORIX Corporation Europe N.V. They have managed 26 schemes, 15 equity-oriented (including 12 equity and 3 hybrid) and 11 debt-oriented (including 10 debt and 1 hybrid) as of June 30, 2025. Moreover, as of June 30, 2025, Canara Robeco Ltd. operates through 25 branches serving customers in more than 23 cities across 14 states and 2 union territories across India.
Strengths
- Canara Robeco offers a nationwide sales and distribution network across multiple channels.
- The company has minimal or no debt.
- Technology-driven operations supported by a strong digital system.
- The company consistently maintains a good dividend payout of 23.4%.
Weaknesses
- Market fluctuation or economic slowdowns can lead to customer withdrawals or fewer transactions, which could negatively impact the business and revenue.
- The company is dependent on key managers, senior leaders, and the investment team. Meaning losing or failing to keep them can adversely affect the business and financial performance.
- All of the company’s offices and branches operate from leased spaces. If unable to renew these leases on good terms or control rental costs, it can badly affect the business and operations.
- The firm works in a competitive industry, and if it fails to compete effectively can lead to loss of reputation and business.
Canara Robeco IPO Review
| Reviewer | Recommendation |
| IPO Watch | May Apply |
| Canara Bank | |
| DRChoksey FinServ | |
| Emkay Global | |
| Hem Securities | |
| IDBI Capital | |
| Marwadi Shares | |
| Nirmal Bang | |
| SBICAP Securities | |
| Sharekhan | |
| SMC Global | |
| Sushil Finance | |
| Swastika Investmart | |
| Ventura Securities | |
| Geojit | |
| Reliance Securities | |
| Capital Market | |
| BP Wealth | |
| ICICIdirect | |
| Choice Broking |
Canara Robeco IPO Details
| IPO Open Date: | October 9, 2025 |
| IPO Close Date: | October 13, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹253 to ₹266 Per Share |
| Issue Size: | ₹1,326.13 Crores |
| Offer-for-Sale | Up to 4,98,54,357 Equity shares |
| Registrar | MUFG Intime India Pvt.Ltd. |
| IPO Lead Managers | SBI Capital Markets Ltd. Axis Capital Ltd. JM Financial Ltd. |
| Basis of Allotment | October 14, 2025 |
| IPO Listing Date: | October 16, 2025 |
| Listing | BSE, NSE |
Financial Performance Trend Details
| Particulars | FY2023 | FY2024 | FY2025 | Q1 FY2026 |
| Total Income | 204.8 | 318.78 | 404.00 | 121.34 |
| EBITDA | 112.89 | 201.14 | 264.08 | 81.77 |
| PAT | 79.00 | 151.00 | 190.70 | 60.98 |
| Net Worth | 328.55 | 454.49 | 600.06 | 660.60 |
| RONW | – | 33.2% | 36.17% | – |
Peer Comparison with the Company
| Name of the Company | Face Value per Equity Share (₹) | P/E | EPS (Basic) (₹) | RoNW (%) | NAV (₹ per Share) |
| Canara Robeco Limited | ₹10 | [●] | ₹9.56 | 31.78% | ₹30.09 |
| HDFC Asset Management Company Limited | ₹5 | 48.21x | ₹115.16 | 32.36% | ₹380.27 |
| Nippon Life India Asset Management Limited | ₹10 | 43.35x | ₹20.34 | 31.38% | ₹66.38 |
| Aditya Birla Sun Life AMC Limited | ₹5 | 24.60x | ₹32.26 | 26.99% | ₹129.19 |
| UTI Asset Management Company Limited | ₹10 | 22.83x | ₹57.35 | 16.04% | ₹403.22 |
Key Performance Indicator
| KPI | Values |
| RoNW | 36.17% |
| PAT Margin | 0.18% |
| EBITDA Margin | 0.26% |
| Price to Book Value | 8.84 |
Promoters & Track Records, if any
- Canara Bank is one of the promoters of the company, holds 101,702,888 shares, representing 51.00% of pre-Issue paid-up capital in the company.
- OCE (ORIX Corporation Europe N.V.) is one of the promoters of the company, holds 97,714,540 shares, representing 49.00% of pre-issue paid-up capital in the company.
Information on Industry’s P/E Ratio
The company Canara Robeco IPO did not show the P/E ratio in the RHP. However, let’s check out the asset management and mutual fund industry’s P/E ratio to understand it more.
| Particulars | Industry Peer P/E | Name of the company |
| Highest | 48.21 | HDFC Asset Management Company Limited |
| Lowest | 22.83 | UTI Asset Management Company Limited |
| Average | 34.75 |
Canara Robeco IPO – Should You Apply or Not?
Canara Robeco IPO carries a strong brand, strong nationwide presence, healthy dividend payout and diverse portfolio of 26 schemes across equity, debt, and hybrid categories promotes future growth. However, high competition, market and economic risks and dependence on key personnel are major concerns.
As of October 8, the Grey Market Premium of Canara Robeco is ₹35, showcasing a listing gain of around 11% to 15%. The final verdict is that short-term investors can apply for listing gains after reviewing the GMP and Market Sentiment. While long-term investors should carefully evaluate risks related to company performance and its financials before subscribing.
Please note:
Investors are advised to make their own decisions and apply entirely at their own risk. This article uses information from the company’s RHP (Red Herring Prospectus) data and online sources. If you have any queries, kindly contact the IPO Watch Team.
