Mumbai: One of India’s most recognised long-term Mutual Fund houses, Canara Robeco Asset Management Company (AMC) is all set to make its market debut today after shares were allotted on Tuesday, October 14, and a 7% gain expected on listing.
This pure Offer For Sale (OFS) issue offered 4.99 crore shares from existing shareholders, Canara Bank and ORIX Corporation Europe N.V. The issue, which ran between October 9-13, saw the issue oversubscribed almost 10 times with the Grey Market Premium (GMP), the expected price for the shares post-listing, hovering around 3-13% from the issue date.
Canara Robeco is one of India’s leading AMCs set up in 1987, as India’s oldest Mutual Fund house. The company’s Mutual Funds have offered stellar returns, with the company consistently posting profits over the years- up from Rs.36.29 crore in 2021 to Rs.190.70 crore in 2025.
“Out of the 15 equity-oriented schemes, 7 schemes have been managed for more than 10 years. These schemes have outperformed their respective benchmark indices over 10-year horizon. The company has been specifically focusing on equity AUM, considering relatively better liquidity, long-term growth potential, and higher yield opportunity it provides. Further company’s equity-oriented QAAUM has grown by 31% CAGR over FY23-FY25. It holds highest share of equity-oriented AUM in top 10 AMCs and third highest share of equity AUM among top 20 AMCs in India,” said a report by ICICI Direct.
“At upper price band, the stock is priced at FY25 PE of 27.8x. The business is highly sensitive to the equity market volatility and regulatory risk,” the report further added.
“As of June 30, 2025, they had the second highest share of retail AUM amongst the top 20 AMCs in India and the highest share of retail AUM compared to the top 10 AMCs (basis AUM). They have witnessed an increase in their total SIP count, total SIP folio count, and SIP contribution during the last three fiscals,” leading broker Anand Rathi said in a report.
“The company continues to witness steady growth in the share of AUM contributed by individual investors and through systematic investment plan (SIP) inflows. We believe that the IPO is fully priced and recommend a “Subscribe-Long Term” rating to the IPO,”
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investing in stocks includes financial risks, and past performance is not indicative of future results. Readers should conduct their own research or consult with a qualified financial advisor before making any investment decisions.
