Canara Robeco Asset Management Company (AMC) made its debut on the National Stock Exchange (NSE) on 16th October 2025, opening at ₹280.25 per share, approximately 5.4% above its issue price of ₹266.
The Initial Public Offering (IPO), which raised ₹1,326 crore, was fully subscribed, with the Qualified Institutional Buyers (QIB) portion oversubscribed by 26 times. Retail investors subscribed 1.91 times, and Non-Institutional Investors (NIIs) subscribed 6.45 times.
Ahead of the listing, brokerage firm Prabhudas Lilladher initiated coverage on Canara Robeco AMC with a ‘Buy’ rating and set a target price of ₹320 per share, indicating a potential upside of 20% from the IPO price. The brokerage highlighted the company’s strong equity performance and projected annualized assets under management (AAUM) growth of 20% over FY26–28, above the industry average.
As a subsidiary of Canara Bank, Canara Robeco AMC benefits from the bank’s extensive branch network and retail customer base, facilitating mutual fund distribution nationwide. Approximately 99.7% of Canara Bank’s mutual fund sales are for Canara Robeco AMC products.
The company’s digital initiatives, including an investor mobile application and eKYC services, aim to enhance convenience and accessibility, positioning Canara Robeco AMC for sustained growth in the competitive asset management industry.
