Canara Robeco Asset Management Co.Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 28,407,124 (53%) | — | ₹75,563 Cr |
| NII (HNI) | — | 7,478,154 (14%) | — | ₹19,892 Cr |
| Retail | — | 17,449,025 (33%) | — | ₹46,414 Cr |
| Σ Total | — | 53,334,303 (100%) | — | ₹1,418,692 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 56 | ₹14,896 |
| Retail (Max) | 13 | 728 | ₹193,648 |
| S-HNI (Min) | 14 | 784 | ₹208,544 |
| B-HNI (Min) | 67 | 3,752 | ₹998,032 |
Financial Statements Amount in ₹ Crore
| Metric | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 303 | 319 | 205 |
| Profit After Tax | 149 | 151 | 79 |
| Net Worth | 558 | 454 | 329 |
| Total Assets | 617 | 517 | 378 |
| Reserves & Surplus | 359 | 405 | 279 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
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Company Overview
Incorporated in 1993, Canara Robeco Asset Management Company Limited (CRAMC) is an asset management firm in India, serving as the investment manager for Canara Robeco Mutual Fund.
The company's headquarters are located in Mumbai, Maharashtra, India. It operates as a joint venture between Canara Bank and Orix Corporation Europe N.V. (formerly Robeco Group N.V.).
CRAMC offers a diverse range of investment options, including equity, debt, and hybrid schemes.
As of December 31, 2024, out of the 25 schemes that the company managed, 14 are equity-oriented schemes (inclusive of 12 equity schemes and two (2) hybrid schemes), while remaining 11 are debt-oriented schemes (inclusive of 10 debt schemes and one (1) hybrid scheme).
Canara Robeco Asset Management Company Ltd. has a nationwide presence, directly serving customers in over 23 cities across 14 states and 2 union territories through a network of 23 branches as of December 31, 2024.
The company works with a wide network of 49,412 distribution partners across India, including Canara Bank, 44 other banks, 259 national distributors (NDs), and 49,108 mutual fund distributors (MFDs), helping make its investment products easily accessible to customers.