Canara Robeco AMC IPO

Canara Robeco AMC boasts strong, enduring equity performance, with seven schemes managed for over a decade. The firm claims to hold the third-largest equity AUM among India's top 10 AMCs as of December 31, 2024. Its equity-oriented assets totaled Rs 100,959 crore, constituting 93.16% of its QAAUM. Canara Robeco also asserts that all seven long-tenured equity schemes have surpassed their benchmarks over the past 10 years.

Canara Robeco AMC highlights its parentage, with Canara Bank (51%) and OCE (49%) ownership, for its brand strength. It states leveraging Canara Bank's vast network of 9,800+ branches and international knowledge. Canara Robeco reports Rs 8,774 crore AUM from Canara Bank branches as of December 31, 2024, constituting 8.17% of its overall AUM.

Canara Robeco AMC reports substantial growth in market assets under active management (MAAUM) from individual retail and HNI investors, rising from ₹41,901 crore in FY22 to ₹78,420 crore in FY24, a CAGR of 36.80 percent. As of December 31, 2024, the firm's schemes held 0.50 crore folios, with individual customer folios comprising 0.49 crore, or 98.99 percent of their total folio base.

As of December 31, 2024, the company reported growth in its SIP metrics. The SIP count increased to 0.23 crore, up from 0.14 crore in FY22. Monthly SIP contributions also rose, reaching Rs 777 crore as of December 31, 2024.

Canara Robeco AMC boasts a strong, diverse sales network encompassing third-party distributors, branch sales, and online channels. As of December 31, 2024, they report a wide reach of 49,412 distribution partners nationwide, including Canara Bank, 44 other banks, 259 national distributors (ND), and a significant 49,108 mutual fund distributors (MFDs).

Canara Robeco AMC asserts significant investment in a digital ecosystem to enhance customer convenience, engagement, and service access. Their mobile application, Canara Robeco Mutual Fund App, reportedly surpassed 500,000 downloads by December 31, 2024. Moreover, Canara Robeco states it provides online investment options via "Smartinvest" accessible on its website.

The company demonstrated strong financial performance with rising revenues and profits. Revenue from operations grew steadily from Rs 164.22 crore (FY22) to Rs 204.59 crore (FY23) and then to Rs 318.09 crore (FY24). Profit after tax (PAT) also saw significant growth, increasing from Rs 60.16 crore (FY22) to Rs 79.00 crore (FY23) to Rs 150.99 crore (FY24).