Subscribe for Canara Robeco Asset Management Company Ltd IPO; Geojit Financial Services

IPO

Geojit Financial Services, Canara Robeco Asset Management Company Ltd

Canara Robeco Asset Management Company Ltd. (CRAMC), established in 1993, is India’s second-oldest mutual fund house and operates as a joint venture between Canara Bank (51%) and Japan’s ORIX Corporation (49%). As of June 30, 2025, the company managed 26 mutual fund schemes—comprising 12 equity, 10 debt, and 4 hybrid funds—with a quarterly average AUM (QAAUM) of ₹1,110.52bn. Backed by a robust distribution network of over 52,000 partners and Canara Bank’s extensive branch presence, CRAMC has established a strong legacy of consistent fund performance, operational excellence, and deep retail penetration.

Valuation and Outlook

At the upper price band of ₹266, CRAMC is available at a P/E of 21.7x (FY26E annualised), which appears reasonable compared to its peers. Backed by a diversified product portfolio, strong brand equity, wide market presence, solid financials, and favourable industry tailwinds, we assign a SUBSCRIBE rating for investors with a long-term investment horizon.

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Canara Robeco Asset Management Co - 091025 - geo