For buyers looking for a comfortable and reliable sedan under Rs 10 lakh, the Honda Amaze can be one of the strong options available in the Indian Market. The top-end variant, Amaze ZX CVT, is designed for those who want a premium experience without moving to a bigger and more expensive car segment
Iraq's state oil marketer SOMO has asked customers for crude oil lifting schedules within 24 hours. This follows reports that Iran has exempted Iraq from transit restrictions through the Strait of Hormuz. SOMO stated all loading terminals are operational and ready to execute lifting programs
Attention Delhiites! Residents of Delhi will face a major water supply disruption in the coming days. The Delhi Jal Board (DJB) has announced that water supply will be disrupted in several parts of the national capital on April 6 and April 7, 2026. According to the DJB
We often hear “just drink responsibly" or “it’s just one drink," but what happens when social drinking quietly crosses into dependence? In a deeply personal episode of a popular podcast actress Janhvi Kapoor didn’t hold back. While discussing addiction
Artemis II astronauts are setting a new distance record from Earth, surpassing Apollo 13's maximum range during their lunar flyby. The mission aims to map the moon's far side and will witness a total solar eclipse. Following their close encounter with the moon
Google Pixel 11 render leaks got everyone excited just a few days ago. Until now, we have seen a lot of leaks and rumours confirming what specifications and features the device will be carrying. High chances are that the phone will make a debut with Android 17
Mahindra Last Mile Mobility Limited (MLMML) has continued to hold its position as India’s largest electric commercial vehicle manufacturer in FY26, marking the fourth consecutive year at the top of the segment. The company’s steady performance reflects the growing adoption of electric vehicles
“Whenever I see his photo on my phone, it breaks my heart,” said Popi Gogoi, a 38-year-old homemaker from Assam’s Jorhat district. Gogoi was referring to Zubeen Garg, the beloved Assamese singer whose death by drowning in Singapore on September 19 plunged the state into mourning and led to
Canara Robeco IPO: 10 key things to know from RHP
Canara Robeco IPO: From business overview, financials to key risks— 10 key things to know from RHP
Canara Robeco IPO: The initial public offering (IPO) of Canara Robeco Asset Management Company is set to open for public subscription on Thursday, October 9 and will remain open until Monday, October 13. The share allotment is expected to be finalised on Tuesday, October 14, and successful bidders can expect the shares to be credited to their demat accounts on Wednesday, October 15. Canara Robeco shares are expected to be listed on the BSE and the NSE on Thursday, October 16.
Canara Robeco IPO is a book build issue and entirely an offer for sale (OFS) of 4,98,54,357 shares of face value of ₹10 each. Canara Robeco IPO price band is set at ₹253 to ₹266 per share.
Meanwhile, the grey market appears to be indifferent to the issue, as the latest grey market premium (GMP) of Canara Robeco stock is nil.
Canara Robeco IPO: 10 key things to know from RHP
Let's take a look at 10 key things to know from the Red Herring Prospectus (RHP) of the Canara Robeco IPO:1. Promoter selling shareholder
Canara Bank and ORIX Corporation Europe N.V. are the two promoter selling shareholders of the OFS.Canara Bank is selling up to 2,59,24,266 shares, while ORIX Corporation is offloading 2,39,30,091 shares in the OFS.
2. Canara Robeco's promoters
As per the RHP, Canara Bank holds 10,17,02,888 shares, equivalent to 51 per cent of the total share capital, in the company.ORIX Corporation Europe N. V. holds 97,714,540 shares, or 49 per cent shares of Canara Robeco.
3. Canara Robeco's management
The company has 11 directors on its board, comprising one executive director and 10 non-executive directors, including six independent directors, of whom two are women.K. Satyanarayana Raju, 59, is the non-executive director and chairman, while Rajnish Narula, 65, serves as the managing director and chief executive officer of the company.
4. Canara Robeco's business
The company claims to be India's second-oldest asset management company. Its primary activities include managing mutual funds and providing investment advice on Indian equities to Robeco Hong Kong Limited, a member of its promoter group."As of June 30, 2025, we managed 26 schemes comprising 12 equity schemes, 10 debt schemes and four hybrid schemes with a quarterly average asset under management (QAAUM) of ₹1,110.52 billion," the RHP reads.
5. Canara Robeco's financial performance
The asset management company's total revenue from operations for FY23 was ₹2,045.95 million, which rose to ₹3,180.90 million in FY24 and to ₹4,036.95 million in FY25.In FY26, for the period ended June 30, 2025, the company's total revenue from operations was ₹1,210.69 million, compared to ₹1,017.96 million in the same period the previous year.
Profit for FY23 was ₹790.01 million, rising to ₹1,509.95 million in FY24 and ₹1,907.04 million in FY25. For the period ended June 30, 2025, the company's profit was ₹609.77 million, compared to ₹510.71 million in the same period last year.
6. Canara Robeco IPO objects
Since the issue is entirely an OFS, the company will not receive any fresh funds for business expansion and general corporate purposes.According to the RHP, the primary objectives of the offer are to achieve the benefits of listing the equity shares on the stock exchanges.
"Our company expects that listing of the shares will enhance our visibility and brand and provide liquidity to existing shareholders. Listing will also provide a public market for the equity shares in India. Our company will not receive any proceeds from the offer. All proceeds will go to the promoter selling shareholders, in proportion to the shares offered by them in the offer for sale," says the RHP.
7. Canara Robeco's peers
HDFC Asset Management Company, Nippon Life India Asset Management, Aditya Birla Sun Life AMC, and UTI Asset Management Company are the major listed peers of the company.8. Extensive regulation is a key risk
The company's business is subject to extensive regulation, including periodic inspections by the SEBI. The RHP states that non-compliance with existing regulations or SEBI's observations could expose the company to penalties and restrictions on the business that we can undertake.9. Competitive industry
The company operates in a competitive industry, and its business and financial results may be negatively impacted if it is unable to compete effectively with its competitors.10. Industry outlook
As per the RHP, mutual funds have experienced a substantial increase as a proportion of household financial savings, growing from 2 per cent to around 7 per cent between fiscal 2021 and fiscal 2024, with the investment value expanding from ₹0.64 trillion to ₹2.39 trillion at a CAGR of 55 per cent during the same period.Read all IPO-related news here
Read more stories by Nishant Kumar
Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
Source: LiveMint
Related Posts: Rubicon Research vs Canara Robeco AMC IPO Canara Robeco AMC IPO Stock markets decline in initial trade on foreign fund outflows Hardik Pandya Gets Girlfriend Mahieka Sharma’s Initial Tattooed on Valentine’s Day Initial trends show Congress leading Telangana civic polls India-U.S. ‘very close’ to finalising initial framework deal on reciprocal tariffs Borrowers Get Relief As Canara Bank Reduces Repo-Linked Rate Canara Bank FD Rates Revised Canara Bank Begins Recruitment For 3500 Apprentice Posts Canara Bank Q3 results
The grandson of noted artist Nandalal Bose, who illustrated the Constitution, has said that his and his wife’s names were left out of the West Bengal voter list after the special intensive revision of electoral rolls ahead of the Assembly elections, ETV Bharat reported on Friday
1 hours ago
As the first policy since the staring of US-Israel and Iran war, the RBI would be much careful in communicating its position. New Delhi: As the West Asia situation is still evolving, the Reserve Bank of India (RBI) is likely to maintain status quo in the upcoming monetary policy committee (MPC)
1 hours ago
Techie says laid-off big tech employees are making job hunt harder for freshers: ‘Not even getting rejection mails’In a Reddit post, the techie said months of preparation and applications to numerous companies have not brought a single response, not even rejection emails. Updated on: Apr 06
1 hours ago
Gold has long enjoyed a reputation as a financial “safe haven” during stormy times. But over the past few months of geopolitical chaos and market panic, the precious metal has moved more like a roller coaster than a steady ship at anchor. In late January
1 hours ago
Actor, singer and writer Piyush Mishra has opened up about his personal life and marriage, revisiting a difficult phase marked by emotional distance, infidelity and self-realisation. Drawing from his memoir Tumhari Auqaat Kya Hai, Piyush Mishra
1 hours ago
Kerala Chief Minister Pinarayi Vijayan campaigns in his Dharmadam constituency. He highlights welfare schemes and development projects. Locals express mixed feelings about the upcoming elections. Vijayan faces a challenge from UDF's V P Abdul Rasheed. Dharmadam was declared free of extreme poverty
1 hours ago
No three-language formula in Tamil Nadu till DMK in power, says MK Stalin; accuses Centre of ‘Hindi imposition’MK Stalin slammed the three-language formula under National Education Policy, saying it aims to impose Hindi on the people of Tamil Nadu. Updated on: Apr 06
1 hours ago
Global oil prices have risen back above $110 (£83.38) a barrel after US President Donald Trump threatened to destroy critical infrastructure in Iran unless it allows ships to cross the Strait of Hormuz. On Monday morning in Asia, Brent crude rose by 1.6% to $110.85, while US-traded oil was up by 0
1 hours ago
The ‘beautiful game’ turned violent for one last night in Jamshedpur. After Mohun Bagan’s 1-1 away draw against Jamshedpur FC in the ISL, a Mariners (MBSG) fan was allegedly attacked by locals outside the stadium. According to a report from Bangla outlet Sangbad Pratidin
1 hours ago
Manchester City assistant manager Pep Lijnders has hinted midfielder Bernardo Silva's nine-year spell at the club will end this summer, saying "every good story comes to an end". The 31-year-old's contract expires at the end of the season. He has not yet signed an extension and has been linked with
1 hours ago
Another LPG carrier, Green Asha, crosses Strait of Hormuz; only one vessel remainsAfter Green Asha’s exit, only one LPG vessel, Jag Vikram, remains in the region and is awaiting further instructions from the Indian Navy. Updated on: Apr 06, 2026 7:43 AM IST By Yogesh Naik Share via Copy link
1 hours ago
Are you tired of mobile recharge plans that last only 24 or 28 days? If so, Reliance Jio has addressed this issue by introducing a new monthly recharge option. The telecom giant has launched a ₹339 plan that could be ideal for many users. This new offering is not only ₹10 cheaper than the
1 hours ago
Union Home Minister Amit Shah has accused Kerala's ruling LDF and opposition UDF of ignoring alleged Waqf Board land encroachments in Ernakulam. He stated that the BJP government amended laws to curb such irregularities. Shah claimed around 400 acres belonging to Christian and Hindu families were
1 hours ago
"Are you a lobster?" is the first question Wang had for the BBC. He had been so consumed recently by the AI assistant OpenClaw - which in China has earned the name "lobster" - that he wondered if he was talking to AI, rather than a journalist. After being assured I was indeed human
1 hours ago
The Delhi Traffic Police has issued a detailed traffic advisory ahead of a planned protest march in North Delhi on April 5, 2026. The march, organised to highlight the poor condition of Main Burari Road (100 ft road), is expected to impact traffic movement in and around the Burari area
1 hours ago
Satinder Sartaaj, who is receiving praise for his Dhurandhar 2 song Jaiye Sajana, recently met Sunny Deol. The meeting has drawn attention as Sartaaj continues to gain popularity and is also set to be associated with Sunny’s upcoming film Gabru
1 hours ago
Hyundai Motor India has rolled out its April 2026 discount offers, bringing substantial benefits across its hatchback, sedan, SUV and EV portfolio. From the Grand i10 Nios and i20 to the Creta, Verna and Alcazar, total savings this month go up to Rs 1.10 lakh, depending on model year
1 hours ago
Royal Challengers Bengaluru secured a commanding 43-run victory over Chennai Super Kings in an IPL encounter. RCB posted a formidable 250 for three, powered by explosive batting from Tim David, Rajat Patidar, and Devdutt Padikkal. The Super Kings faltered in their chase, finishing at 207 all out
1 hours ago
Screen Awards 2026 full list of winners: Aditya Dhar’s Dhurandhar wins big, Ranveer Singh gets Best Actor trophyScreen Awards 2026 full list of winners: Aditya Dhar was named Best Director for film Dhurandhar, while Ranveer Singh took home the Best Actor (Male) trophy. Apr 6, 2026
1 hours ago
The Pakistan women’s football team has pulled out of the upcoming SAFF Women’s Championship that was all set to be played in India, due to the continued political standoff between the two countries, according to a report in The Times of India. The tournament will now be played between six teams
1 hours ago
NEET MDS 2026 form correction process is live at nbe.edu.in; applicants can review and submit changes till April 6. The National Board of Examinations in Medical Sciences (NBEMS) has opened the correction window for the National Eligibility cum Entrance Test for Master of Dental Surgery (NEET MDS)
1 hours ago
Having not been able to celebrate an FA Cup semi-final appearance for 39 years, Leeds United supporters are now dreaming of their side lifting the trophy for the first time since 1972. They were put through a range of emotions in a breathtaking quarter-final at West Ham on Sunday
1 hours ago
When the heat gets intense, your body needs natural ways to stay cool—and mint leaves can be your easiest fix. Packed with nutrients and known for its cooling properties, mint (thanks to its menthol content) helps regulate body temperature and keeps you refreshed from within
1 hours ago
India has sent humanitarian aid to Afghanistan following devastating floods and earthquakes. The assistance includes essential relief materials. Natural disasters have claimed many lives and destroyed homes across several Afghan provinces. Residents are appealing for urgent help and improved
1 hours ago
Amul turnover up 11%, crosses ₹1 lakh crore in 2025-26: GCMMFGCMMF markets Amul products produced by 18 district cooperative milk unions and manages branding, marketing and distribution of the Amul product range Published on: Apr 05, 2026 10:23 PM IST By Maulik Pathak Share via Copy link The
1 hours ago
Last month, as Nepal inaugurated its new prime minister Balendra Shah, along with a parliament stacked with youthful lawmakers, Bangladeshi activist Umama Fatema felt a pang of disappointment as she watched from afar. Fatema was among the thousands of Gen Z protesters in Bangladesh who took to the
1 hours ago
Punjab: To garner NRI support, SAD delegates to fly abroadThis is the second time that the SAD has planned such an exercise; in 2015, party leaders had visited different foreign countries, including Canada and the US, to counter the AAP which was making inroads into the state’s political
1 hours ago
