Canara Robeco AMC files for Rs 1,000 crore IPO

Of this, the state-run Canara Bank plans to sell 2.59 crore shares, and the Japanese conglomerate Orix Corporation-owned subsidiary Orix Corporation NV (previously known as Robeco Groep) will be selling the remainder 2.39 crore shares.Incorporated in 1993, Canara Robeco AMC is a joint venture company between Canara Bank and Orix Corporation Europe with a 51:49 per cent shareholding ratio.

As of December 2024, it managed 25 schemes comprising 12 equity schemes, 10 debt schemes and three hybrid schemes with a quarterly average asset under management of Rs 1,08,366 crore.

Profit for the nine months period to December 2024 stood at Rs 149 crore, growing 40.3 per cent from a revenue of Rs 302.9 crore, which rose 35.9 per cent -on-year. The numbers for FY24 stood at Rs 151 crore up 91.1 per cent and Rs 318 crore up 55.5 per cent, respectively.