Canara Robeco Asset Management Company Ltd IPO
Status: Closed
Overview
IPO date
09 Oct 2025 to 13 Oct 2025
Face value
₹ 10 per share
Price
₹ 253 to ₹266 per share
Issue Size
49,854,357 shares
(aggregating up to ₹ 1326.13 Cr)
(aggregating up to ₹ 1326.13 Cr)
Allotment Date
14 Oct 2025
Listing at
NSE
Issue type
Book Building
Sector
Finance
Objectives of Canara Robeco Asset Management Company Ltd IPO
Canara Robeco Asset Management Company Ltd IPO Strategy
About Canara Robeco Asset Management Company Ltd
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T&C*
Strengths vs Risks of Canara Robeco Asset Management Company Ltd
Know the pros & cons
Strengths
Recognized brand with legacy of operations and established parentage.- Operations led by professional management team and established corporate governance standards.
- Well-diversified equity products mix backed by research-driven investment process.
- Pan-India multi-channel sales and distribution network.
- Expanding proportion of AUM contributed by individual investors and SIP contributions.
- Integrated technology-led operations with a well-established digital eco-system.
Risks
- One of the company's equity schemes and nine of its debt schemes have underperformed relative to their respective benchmark indices over a one calendar year ended June 30, 2025. If our investment schemes underperform, the company's AUM could decrease, negatively impacting our results of operations.
- The company's business is subject to extensive regulation, including periodic inspections by the Securities and Exchange Board of India ("SEBI"), and the company's non-compliance with existing regulations or SEBI's observations could expose the company to penalties and restrictions in the business that we can undertake.
- Unfavourable market changes and economic downturns may result in customer withdrawals or a decrease in customer transactions, resulting in a decline in the company's assets under management and management fees, which could significantly and negatively influence its revenue from operations, business prospects, financial conditions, and results of operations.
- The performance of the company's equity-oriented schemes has a significant impact on the company's assets under management and consequently its revenue from operations. As of June 30, 2025, June 30, 2024, March 31, 2025, March 31, 2024, and March 31, 2023, 91.17%, 92.34%, 91.69%, 91.66% and 88.43% of the company's quarterly average assets under management were from equity-oriented schemes. Underperformance by our equity-oriented schemes may have a disproportionate adverse impact on the company's business and revenue.
- As of June 30, 2025 and June 30, 2024 and March 31, 2025, March 31, 2024, and March 31, 2023, 73.45%, 75.82%, 73.63%, 76.24% and 78.04% of the company's monthly average assets under management were generated from third-party distributors. If the company is unable to maintain its existing relationship with the company's third-party distributors or attract new distributors, the company's business, competitiveness, results of operations and financial condition may be adversely impacted.
- The company is dependents on several key personnel, including its Key Managerial Personnel and Senior Management as well as the company's investment team, and the loss of or the company's inability to attract or retain such persons could adversely affect its business, financial condition, results of operations and cash flows.
- The company has licensed the trademarks "Canara" and "Robeco" from Canara Bank and Robeco Holding, respectively and the termination of the trademark license agreements could adversely impact its business and results of operations. If the company is unable to transition away from these trademarks to new brand(s) within the prescribed timelines, this could prevent marketing and distribution of the company's schemes under these arrangements.
- Growth in the company's revenue from operations and profitability depends on the growth in the company's assets under management. The company may not be able to sustain its historical growth in assets under management which may impact the company's revenue from operations and/or profitability.
- As of June 30, 2025 and June 30, 2024 and March 31, 2025, March 31, 2024 and March 31, 2023, 62.11%, 61.46%, 61.92%, 61.67%, and 64.74% of our MAAUM were generated from customers located in the Indian states/union territory of Maharashtra, Gujarat, Karnataka, Delhi, and Tamil Nadu. A decrease in the company's AUM from these states/union territory could adversely impact its business and revenue from operations.
- Canara Robeco Mutual Fund ("CRMF") has received a show cause cum demand notice ("Notice") dated June 28, 2025 from the Department of Revenue, Goods and Services Tax, Audit-I, Commissionerate, Mumbai, alleging, amongst other things, non-payment of GST. Any adverse outcome in such proceeding could have an adverse effect on business, financial condition and results of operations of CRMF.
- A settlement order in relation to certain alleged violations of the SEBI Mutual Fund Regulations has been passed against the Company, non-compliance of the terms of which (if any) may subject the Company to, among other things, further regulatory consequences.
- The company's assets under management could be adversely affected by a lack of suitable investment opportunities or the company's decision to discontinue certain schemes, which could have an adverse impact of the company's business, revenue from operations and profitability.
- The company generates a portion of its revenue from operations from offshore advisory services. In the event the company's agreements for providing such advisory services are terminated, the company's business, revenue from operations and profitability will be affected.
- The company's Registered Office, and all the company's branches and co-working spaces for sales activities are located on premises that have been leased. If the company fails to renew these leases on competitive terms or if the company is unable to manage its rental costs, the company's business and results of operations would be materially and adversely affected.
- The company operates in a competitive industry and the company's business and results of operations may be negatively affected if the company is unable to compete with its competitors.
- An inability to effectively identify and manage risks associated with its business and operations could have an adverse impact on the company's business, results of operations, brand reputation and cash flows.
- The company may not be able to implement our strategy at all times, which could impact its ability to achieve its growth strategy and adversely impact the company's business, results of operations and financial condition.
- There have been delays in payment of statutory dues by the Company during Fiscal 2025. Inability to make timely payment of the company's statutory dues could result the company into paying interest on the delay in payment of statutory dues which could adversely affect its business, results of operations and financial condition.
- The company procures insurance policies from third-party insurers to insure critical aspects of the company's business operations. An inability to maintain adequate insurance cover in connection with its business may adversely affect its operations and profitability.
- The company may introduce new products for the company's customers, and the company cannot assure you that such products will be profitable.
- Failures to maintain and enhance the company's brand image may have a negative impact on the company's business and results of operations. Furthermore, the company may incur significant costs in connection with its branding and marketing efforts and some marketing efforts may not be effective in attracting of retaining new customers.
- The legislative and regulatory environment in which the company operates is subject to change which could adversely impact its business and operational cost.
- Certain of the company's corporate records and statutory form filings are not traceable. The company cannot assure you that no legal proceedings or regulatory actions will be initiated against the company in the future in relation to any such discrepancies.
- There has been a delay in filing the Form FC-GPR with the RBI for a bonus issue on September 19, 2024. We may be subject to late submission fees and penalty for such non-compliance, which may adversely impact the company's reputation and financial condition.
- Any reduction in the total expense ratio as prescribed under the SEBI regulations may impact the company's revenue and profitability.
- As of June 30, 2025, 99.01% of our total folios were from individual customers. Concentration of the company's total folios among retail individual investors exposes us to risks arising from retail investor behaviour, which may have a disproportionate adverse impact on the company's business and revenue.
- If the company exceeds the limits prescribed under the SEBI Mutual Fund Regulations for reimbursement of expenses to the schemes of mutual funds, the company's profitability may decrease and cause the company to decrease marketing and other efforts.
- Under the SEBI Mutual Fund Regulations, the company is required to avoid conflicts of interests in managing the affairs of the company's schemes and give priority to the interest of our unitholders. Accordingly, any conflict arising between the interests of the company's shareholders and the interests of our unitholders could have an adverse effect on the company's business, results of operations and cash flows.
- Except for K Satyanarayana Raju, Santanu Kumar Majumdar, Suhail Chander, Ravindran Menon, Nirmala Sridhar and Anuradha Shripad Nadkarni, none of the company's Directors currently possess experience of being on the board of any Indian listed company in India.
- The company has inadvertently made incorrect regulatory filings in the past. For such inadvertently filings the company could be subjected to regulatory actions by SEBI in the future.
- The company's investment management agreement may generally be terminated by the counterparties on little or no notice, making its future client and revenue base unpredictable.
- The company's business and results of operations may be adversely affected by rising employee benefit expenses, which represent a significant portion of its total expenses.
- The Company will not receive any proceeds from the Offer for Sale.
- The Company, Canara Robeco Mutual Fund, Canara Bank, one of the company's Promoters and certain of its Directors are involved in legal proceedings. Any adverse decision in such proceedings may render the company/them liable to liabilities/penalties and may adversely affect its business and results of operations.
- The company is required to obtain, renew or maintain certain statutory and regulatory permits and approvals
required to operate its business, and if the company fails to do so in a timely manner or at all, or these requirements
are made more stringent, we may be unable to fully or partially operate its business, and the company's results of
operations may be adversely affected.
- The company has contingent liabilities (? 33.44 million as at June 30, 2025), and the company's financial condition could be adversely affected if any of these contingent liabilities materialize.
- The company has in the past entered into related party transactions and may continue to do so in the future. The company cannot assure you that the company could not have achieved more favorable terms had such transactions not been entered into with related parties.
- The company's Promoters will have certain rights post listing of the Equity shares, subject to the approval of the Shareholders by way of special resolution passed in the first general meeting held after the date of listing of its Equity Shares on the Stock Exchanges pursuant to the Offer.
- The company's Statutory Auditors have included emphasis of matters in their audit report for the special purpose financials prepared for the three months ended June 30, 2025 and June 30, 2024. There can be no assurances that any similar emphasis of matters will not form part of the company's financials for the future fiscals/periods, which could subject the company to additional liabilities due to which its reputation and financial condition may be adversely affected.
- The company does not have any registered trademark. The company may not be able to protect trademarks, which may adversely impact its business, reputation and results of operations.
- Failures in internal control system could cause operational errors which may have an adverse impact on the company's business, reputation and profitability.
- Failures in detecting employee, and distributor misconduct could adversely impact the company's business and subject the company to significant legal liability and reputational harm.
- The company's failures to comply with anti-money laundering, insider trading, anti-terrorist financing rules, regulations, circulars and guidelines applicable to the company issued by regulatory and government authorities could result in criminal and regulatory fines and reputational damage.
- Any disruption in the company's information technology systems or an inability to adapt to newer systems could adversely impact its business and operations.
- The company's operations are exposed to risks related to data breaches and cyberattacks. Any disruption in the company's information technology systems, or those of its third-party service providers may result in the loss of key information or disruption of the company's business processes, which could adversely affect its business, results of operations and financial condition.
- The company may need additional capital in the future, and the company cannot assure you that the company will be able to obtain such capital on acceptable terms or at all.
- The company's business may be adversely affected by work stoppages, increased wage demands by the company's employees, or increase in minimum wage, and if the company is unable to engage new employees at commercially attractive terms.
- The company depends on the services provided by certain third-parties for the company's operations. Any deficiency or interruption in their services could adversely affect its business operations and reputation.
- The company's Promoters will continue to retain significant shareholding in the Company after the Offer, and will continue to be able to exercise significant influence and control over the company.
- The interests of the company's Promoters may cause conflicts of interest in the ordinary course of the company's business.
- The company's Promoter, Canara Bank is a listed entity and any violation of rules and regulations applicable to listed companies to the company's Promoter, Canara Bank may adversely impact its business, reputation, results of operation, cash flows and financial condition.
- The company has declared dividends during Fiscals 2025, 2024 and 2023. The company's ability to pay dividends in the future will depend on the company's earnings, and financial condition.
- The average cost of acquisition of Equity Shares by the company's Promoters (also the Selling Shareholders) may be less than the Offer Price.
- This Red Herring Prospectus contains information from third parties, including an industry report prepared by an independent third-party research agency, CRISIL Intelligence, which we have commissioned and paid for to confirm the company's understanding of the company's industry exclusively in connection with the Offer and reliance on such information for making an investment decision in this Offer is subject to inherent risks.
- The mutual fund business in India may be adversely affected by changes in the present favorable tax regime. Any adverse development in tax laws may materially and adversely affect its operations financial condition and future business prospects.
- The mutual fund business in India may be adversely affected by regulatory changes, shifts in investor behaviour, or adverse market developments. Any such developments may materially and adversely affect its operations, financial condition, and future business prospects.
- The company may be subject to pressures to reduce the company's investment management fees or fees from advisory services, which could reduce its revenue and profitability.
- Fluctuations in the market value of the company's investments could adversely affect its results of operations and financial condition.
- The company may engage in strategic transactions and other business combinations that are subject to risks and may adversely affect its business, results of operations and cash flows.
- If the company is unable to resolve investor grievances in a timely manner, the company's business and brand reputation may be adversely affected.
- The company has in this Red Herring Prospectus included certain non-generally accepted accounting principle financial measures ("Non-GAAP") and certain other industry measures related to the company's operations and financial performance. These Non-GAAP measures and industry measures may vary from any standard methodology that is applicable across the industry in which the company operates, and therefore may not be comparable with financial or industry related statistical information of similar nomenclature computed and presented by other companies.
- Significant differences exist between Ind AS and other accounting principles, such as U.S. GAAP and IFRS, which investors may be more familiar and may consider them material to their assessment of the company's financial condition.
- The Offer Price, and price-to-earnings ratio based on the Offer Price of the Company, may not be indicative of the market price of the Company on listing or thereafter.
Canara Robeco Asset Management Company Ltd Peer Comparison
Understand the company’s industry standing
Canara Robeco Asset Management Company Ltd
HDFC Asset Management Company Ltd
Nippon Life India Asset Management Ltd
Face Value
10
5
10
Standalone / Consolidated
Standalone
Consolidated
Consolidated
Total Income Rs. Cr.
318.09
2584.37
1643.22
EPS-Basis
7.57
91
17.71
EPS-Diluted
7.57
90.89
17.53
NAV Per Share
91.16
331.41
63.21
P/E-Basic EPS
---
50.17
38.25
P/E-Diluted EPS
---
---
---
RONW(%)
33.22
29.47
29.54
Latest NAV Period
---
---
---
Latest NAV
---
---
---
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The IPO opens on 09 Oct 2025 & closes on 13 Oct 2025.
Canara Robeco Asset Management Company Limited was initially incorporated as 'Canbank Investment Management Services Limited', dated March 2, 1993 and received a Certificate for Commencement of Business dated May 10, 1993 from the Registrar of Companies, Maharashtra. Subsequently, Company's name was changed from Canbank Investment Management Services Limited' to Canara Robeco Asset Management Company Limited' and a fresh Certificate of incorporation was issued by the RoC w.ef. October 10, 2007.
Canara Robeco Asset Management Company is India's second oldest asset management company (AMC), and was incorporated in 1993 with the main object to manage the assets of Canbank Mutual Fund, with the entire equity share capital held by Canara Bank. In 2007, the Company became Canara Robeco Asset Management Company Limited, a joint venture, when Canara Bank entered into an agreement with ORIX Corporation Europe N.V., whereby Robeco acquired a 49% stake in the Company while the remaining 51% was retained by Canara Bank.
Canara Robeco is presently an asset management company and its primary activities include managing mutual funds and providing
investment advice on Indian equities. As of December 31, 2024, Company managed 25 schemes comprising 12 equity schemes, 10 debt schemes and 3 hybrid schemes with a quarterly average AUM of Rs 1,083.66 billion. The share of equity-oriented QAAUM to total QAAUM
increased from 86.16% as of March 31, 2022 to 91.66% March 31, 2024.
The Company launched the Offer for Sale by issuing 49,854,357 equity shares having the face value of Rs 10 each by raising Rs 1326 Cr in October, 2025.
The Company experienced significant growth in AUM, revenue, and profits, with AUM growing from Rs 67 crore to Rs 1.11 crore in FY25.
Canara Robeco Asset Management Company Ltd IPO will close on 13 Oct 2025.
- Recognized brand with legacy of operations and established parentage.
- Operations led by professional management team and established corporate governance standards.
- Well-diversified equity products mix backed by research-driven investment process.
- Pan-India multi-channel sales and distribution network.
- Expanding proportion of AUM contributed by individual investors and SIP contributions.
- Integrated technology-led operations with a well-established digital eco-system.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Canara Bank | 101702888 | 51 | 75778622 | 38 |
| 2 | Orix Corporation Europe N.V. | 97714540 | 49 | 73784449 | 37 |
- One of the company's equity schemes and nine of its debt schemes have underperformed relative to their respective benchmark indices over a one calendar year ended June 30, 2025. If our investment schemes underperform, the company's AUM could decrease, negatively impacting our results of operations.
- The company's business is subject to extensive regulation, including periodic inspections by the Securities and Exchange Board of India ("SEBI"), and the company's non-compliance with existing regulations or SEBI's observations could expose the company to penalties and restrictions in the business that we can undertake.
- Unfavourable market changes and economic downturns may result in customer withdrawals or a decrease in customer transactions, resulting in a decline in the company's assets under management and management fees, which could significantly and negatively influence its revenue from operations, business prospects, financial conditions, and results of operations.
- The performance of the company's equity-oriented schemes has a significant impact on the company's assets under management and consequently its revenue from operations. As of June 30, 2025, June 30, 2024, March 31, 2025, March 31, 2024, and March 31, 2023, 91.17%, 92.34%, 91.69%, 91.66% and 88.43% of the company's quarterly average assets under management were from equity-oriented schemes. Underperformance by our equity-oriented schemes may have a disproportionate adverse impact on the company's business and revenue.
- As of June 30, 2025 and June 30, 2024 and March 31, 2025, March 31, 2024, and March 31, 2023, 73.45%, 75.82%, 73.63%, 76.24% and 78.04% of the company's monthly average assets under management were generated from third-party distributors. If the company is unable to maintain its existing relationship with the company's third-party distributors or attract new distributors, the company's business, competitiveness, results of operations and financial condition may be adversely impacted.
- The company is dependents on several key personnel, including its Key Managerial Personnel and Senior Management as well as the company's investment team, and the loss of or the company's inability to attract or retain such persons could adversely affect its business, financial condition, results of operations and cash flows.
- The company has licensed the trademarks "Canara" and "Robeco" from Canara Bank and Robeco Holding, respectively and the termination of the trademark license agreements could adversely impact its business and results of operations. If the company is unable to transition away from these trademarks to new brand(s) within the prescribed timelines, this could prevent marketing and distribution of the company's schemes under these arrangements.
- Growth in the company's revenue from operations and profitability depends on the growth in the company's assets under management. The company may not be able to sustain its historical growth in assets under management which may impact the company's revenue from operations and/or profitability.
- As of June 30, 2025 and June 30, 2024 and March 31, 2025, March 31, 2024 and March 31, 2023, 62.11%, 61.46%, 61.92%, 61.67%, and 64.74% of our MAAUM were generated from customers located in the Indian states/union territory of Maharashtra, Gujarat, Karnataka, Delhi, and Tamil Nadu. A decrease in the company's AUM from these states/union territory could adversely impact its business and revenue from operations.
- Canara Robeco Mutual Fund ("CRMF") has received a show cause cum demand notice ("Notice") dated June 28, 2025 from the Department of Revenue, Goods and Services Tax, Audit-I, Commissionerate, Mumbai, alleging, amongst other things, non-payment of GST. Any adverse outcome in such proceeding could have an adverse effect on business, financial condition and results of operations of CRMF.
- A settlement order in relation to certain alleged violations of the SEBI Mutual Fund Regulations has been passed against the Company, non-compliance of the terms of which (if any) may subject the Company to, among other things, further regulatory consequences.
- The company's assets under management could be adversely affected by a lack of suitable investment opportunities or the company's decision to discontinue certain schemes, which could have an adverse impact of the company's business, revenue from operations and profitability.
- The company generates a portion of its revenue from operations from offshore advisory services. In the event the company's agreements for providing such advisory services are terminated, the company's business, revenue from operations and profitability will be affected.
- The company's Registered Office, and all the company's branches and co-working spaces for sales activities are located on premises that have been leased. If the company fails to renew these leases on competitive terms or if the company is unable to manage its rental costs, the company's business and results of operations would be materially and adversely affected.
- The company operates in a competitive industry and the company's business and results of operations may be negatively affected if the company is unable to compete with its competitors.
- An inability to effectively identify and manage risks associated with its business and operations could have an adverse impact on the company's business, results of operations, brand reputation and cash flows.
- The company may not be able to implement our strategy at all times, which could impact its ability to achieve its growth strategy and adversely impact the company's business, results of operations and financial condition.
- There have been delays in payment of statutory dues by the Company during Fiscal 2025. Inability to make timely payment of the company's statutory dues could result the company into paying interest on the delay in payment of statutory dues which could adversely affect its business, results of operations and financial condition.
- The company procures insurance policies from third-party insurers to insure critical aspects of the company's business operations. An inability to maintain adequate insurance cover in connection with its business may adversely affect its operations and profitability.
- The company may introduce new products for the company's customers, and the company cannot assure you that such products will be profitable.
- Failures to maintain and enhance the company's brand image may have a negative impact on the company's business and results of operations. Furthermore, the company may incur significant costs in connection with its branding and marketing efforts and some marketing efforts may not be effective in attracting of retaining new customers.
- The legislative and regulatory environment in which the company operates is subject to change which could adversely impact its business and operational cost.
- Certain of the company's corporate records and statutory form filings are not traceable. The company cannot assure you that no legal proceedings or regulatory actions will be initiated against the company in the future in relation to any such discrepancies.
- There has been a delay in filing the Form FC-GPR with the RBI for a bonus issue on September 19, 2024. We may be subject to late submission fees and penalty for such non-compliance, which may adversely impact the company's reputation and financial condition.
- Any reduction in the total expense ratio as prescribed under the SEBI regulations may impact the company's revenue and profitability.
- As of June 30, 2025, 99.01% of our total folios were from individual customers. Concentration of the company's total folios among retail individual investors exposes us to risks arising from retail investor behaviour, which may have a disproportionate adverse impact on the company's business and revenue.
- If the company exceeds the limits prescribed under the SEBI Mutual Fund Regulations for reimbursement of expenses to the schemes of mutual funds, the company's profitability may decrease and cause the company to decrease marketing and other efforts.
- Under the SEBI Mutual Fund Regulations, the company is required to avoid conflicts of interests in managing the affairs of the company's schemes and give priority to the interest of our unitholders. Accordingly, any conflict arising between the interests of the company's shareholders and the interests of our unitholders could have an adverse effect on the company's business, results of operations and cash flows.
- Except for K Satyanarayana Raju, Santanu Kumar Majumdar, Suhail Chander, Ravindran Menon, Nirmala Sridhar and Anuradha Shripad Nadkarni, none of the company's Directors currently possess experience of being on the board of any Indian listed company in India.
- The company has inadvertently made incorrect regulatory filings in the past. For such inadvertently filings the company could be subjected to regulatory actions by SEBI in the future.
- The company's investment management agreement may generally be terminated by the counterparties on little or no notice, making its future client and revenue base unpredictable.
- The company's business and results of operations may be adversely affected by rising employee benefit expenses, which represent a significant portion of its total expenses.
- The Company will not receive any proceeds from the Offer for Sale.
- The Company, Canara Robeco Mutual Fund, Canara Bank, one of the company's Promoters and certain of its Directors are involved in legal proceedings. Any adverse decision in such proceedings may render the company/them liable to liabilities/penalties and may adversely affect its business and results of operations.
- The company is required to obtain, renew or maintain certain statutory and regulatory permits and approvals required to operate its business, and if the company fails to do so in a timely manner or at all, or these requirements are made more stringent, we may be unable to fully or partially operate its business, and the company's results of operations may be adversely affected.
- The company has contingent liabilities (? 33.44 million as at June 30, 2025), and the company's financial condition could be adversely affected if any of these contingent liabilities materialize.
- The company has in the past entered into related party transactions and may continue to do so in the future. The company cannot assure you that the company could not have achieved more favorable terms had such transactions not been entered into with related parties.
- The company's Promoters will have certain rights post listing of the Equity shares, subject to the approval of the Shareholders by way of special resolution passed in the first general meeting held after the date of listing of its Equity Shares on the Stock Exchanges pursuant to the Offer.
- The company's Statutory Auditors have included emphasis of matters in their audit report for the special purpose financials prepared for the three months ended June 30, 2025 and June 30, 2024. There can be no assurances that any similar emphasis of matters will not form part of the company's financials for the future fiscals/periods, which could subject the company to additional liabilities due to which its reputation and financial condition may be adversely affected.
- The company does not have any registered trademark. The company may not be able to protect trademarks, which may adversely impact its business, reputation and results of operations.
- Failures in internal control system could cause operational errors which may have an adverse impact on the company's business, reputation and profitability.
- Failures in detecting employee, and distributor misconduct could adversely impact the company's business and subject the company to significant legal liability and reputational harm.
- The company's failures to comply with anti-money laundering, insider trading, anti-terrorist financing rules, regulations, circulars and guidelines applicable to the company issued by regulatory and government authorities could result in criminal and regulatory fines and reputational damage.
- Any disruption in the company's information technology systems or an inability to adapt to newer systems could adversely impact its business and operations.
- The company's operations are exposed to risks related to data breaches and cyberattacks. Any disruption in the company's information technology systems, or those of its third-party service providers may result in the loss of key information or disruption of the company's business processes, which could adversely affect its business, results of operations and financial condition.
- The company may need additional capital in the future, and the company cannot assure you that the company will be able to obtain such capital on acceptable terms or at all.
- The company's business may be adversely affected by work stoppages, increased wage demands by the company's employees, or increase in minimum wage, and if the company is unable to engage new employees at commercially attractive terms.
- The company depends on the services provided by certain third-parties for the company's operations. Any deficiency or interruption in their services could adversely affect its business operations and reputation.
- The company's Promoters will continue to retain significant shareholding in the Company after the Offer, and will continue to be able to exercise significant influence and control over the company.
- The interests of the company's Promoters may cause conflicts of interest in the ordinary course of the company's business.
- The company's Promoter, Canara Bank is a listed entity and any violation of rules and regulations applicable to listed companies to the company's Promoter, Canara Bank may adversely impact its business, reputation, results of operation, cash flows and financial condition.
- The company has declared dividends during Fiscals 2025, 2024 and 2023. The company's ability to pay dividends in the future will depend on the company's earnings, and financial condition.
- The average cost of acquisition of Equity Shares by the company's Promoters (also the Selling Shareholders) may be less than the Offer Price.
- This Red Herring Prospectus contains information from third parties, including an industry report prepared by an independent third-party research agency, CRISIL Intelligence, which we have commissioned and paid for to confirm the company's understanding of the company's industry exclusively in connection with the Offer and reliance on such information for making an investment decision in this Offer is subject to inherent risks.
- The mutual fund business in India may be adversely affected by changes in the present favorable tax regime. Any adverse development in tax laws may materially and adversely affect its operations financial condition and future business prospects.
- The mutual fund business in India may be adversely affected by regulatory changes, shifts in investor behaviour, or adverse market developments. Any such developments may materially and adversely affect its operations, financial condition, and future business prospects.
- The company may be subject to pressures to reduce the company's investment management fees or fees from advisory services, which could reduce its revenue and profitability.
- Fluctuations in the market value of the company's investments could adversely affect its results of operations and financial condition.
- The company may engage in strategic transactions and other business combinations that are subject to risks and may adversely affect its business, results of operations and cash flows.
- If the company is unable to resolve investor grievances in a timely manner, the company's business and brand reputation may be adversely affected.
- The company has in this Red Herring Prospectus included certain non-generally accepted accounting principle financial measures ("Non-GAAP") and certain other industry measures related to the company's operations and financial performance. These Non-GAAP measures and industry measures may vary from any standard methodology that is applicable across the industry in which the company operates, and therefore may not be comparable with financial or industry related statistical information of similar nomenclature computed and presented by other companies.
- Significant differences exist between Ind AS and other accounting principles, such as U.S. GAAP and IFRS, which investors may be more familiar and may consider them material to their assessment of the company's financial condition.
- The Offer Price, and price-to-earnings ratio based on the Offer Price of the Company, may not be indicative of the market price of the Company on listing or thereafter.
The Issue type of Canara Robeco Asset Management Company Ltd is Book Building.
The minimum application for shares of Canara Robeco Asset Management Company Ltd is 56.
The total shares issue of Canara Robeco Asset Management Company Ltd is 49854357.
Initial public offering of up to 49,854,357 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Canara Robeco Asset Management Company Limited ("the Company" or "the Company" or "the Issuer") for cash at a price of Rs. 266 per equity share (Including a Share Premium of Rs. 256 Per Equity Share) (the "Offer Price") aggregating up to Rs. 1326.13 crores (the "Offer") offered through an offer for sale of up to 25,924,266 equity shares of face value of Rs. 10/- each aggregating up to Rs. 689.56 crores by Canara Bank and up to 23,930,091 equity shares of face value of Rs. 10/- each aggregating up to Rs. 636.50 crores by Orix Corporation Europe N.V. (the "Offer for Sale", and such shareholders offering their respective portion of the offered shares are together referred to as the "Promoter Selling Shareholders").