Canara Robeco Amc Files Draft Ipo Papers With Sebi; Key Details

Canara Robeco Asset Management Company Limited, India’s second-oldest plus guidance institution (Source: CRISIL Report), has revenge its Draft Red Herring Prospectus (DRHP) pinch nan Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO).

The institution is jointly promoted by Canara Bank and ORIX Corporation Europe N.V.

The IPO consists wholly of an connection for waste of up to 49,854,357 equity shares pinch a look worth of Rs 10 each. The Offer for Sale includes up to 25,924,266 equity shares offered by Canara Bank and up to 23,930,091 equity shares offered by ORIX Corporation Europe N.V. (together referred to arsenic nan promoter trading shareholders”).

Canara Robeco AMC chiefly engages successful managing communal money schemes and providing finance advisory services focused connected Indian equities. As of December 31, 2024, nan institution managed 25 schemes, comprising 12 equity, 10 debt, and 3 hybrid schemes, pinch a quarterly mean Assets Under Management (AUM) of Rs 1,083.66 billion.

The AMC operates done a robust multi-channel distribution network, including third-party distributors, its ain branches, and integer platforms, enabling it to efficaciously service a divers customer base.

Between March 31, 2022, and March 31, 2024, Canara Robeco AMC reported a compound yearly maturation complaint (CAGR) of 34.75 per cent successful its quarterly mean asse nether guidance (AUM), importantly outperforming nan manufacture mean of 18.8 per cent complete nan aforesaid period, arsenic per a CRISIL report. The study besides noted that, arsenic of December 31, 2024, nan institution held nan third-largest stock of equity (including equity-oriented hybrid) AUM among nan apical 10 AMCs successful India and nan highest proportionality of equity-oriented AUM.

The AMC had a wide unit customer guidelines and arsenic of December 31, 2024, nan full monthly mean assets under
Management generated from unit investors (inclusive of unit and high-net worthy individual investors) were Rs 97,545 crore, accounting for 88.84 per cent of our full MAAUM.

Furthermore, arsenic of December 31, 2024, nan full folios invested successful nan communal fund's schemes were 49.7 lakh retired of which 49.2 lakh were individual customer folios, representing 98.99 per cent of nan full folios. According to nan CRISIL Report, arsenic of December 31, 2024, nan AMC had nan 3rd highest stock of unit AUM amongst nan apical 20 AMCs successful India and nan highest stock of unit AUM compared to apical 10 AMCs.

The equity shares are projected to beryllium listed connected some BSE Limited (“BSE”) and nan National Stock Exchange of India Limited. SBI Capital Markets Limited, Axis Capital Limited, and JM Financial Limited are acting arsenic nan Book Running Lead Managers to nan issue.