Canara Robeco AMC IPO

Canara Robeco AMC boasts strong, consistent long-term results from its equity schemes, seven managed for over a decade. As of December 31, 2024, they state holding the third-largest equity AUM share among India's top 10 AMCs, with Rs 100,959 crore, equaling 93.16% of their total qualifying AUM. Canara Robeco asserts that these seven long-term equity schemes have all surpassed their benchmark indices over a 10-year return period.

Canara Robeco AMC emphasizes its parentage for advantages, citing Canara Bank's 51% stake and OCE's 49% holding. They state they utilize Canara Bank’s large network exceeding 9,800 branches and international knowledge. Canara Robeco reports Rs 8,774 crore AUM sourced from Canara Bank branches as of December 31, 2024, which constitutes 8.17% of their overall AUM.

Canara Robeco AMC reports substantial growth in its market assets under active management (MAAUM) from individual retail and HNI investors. This portion surged from ₹41,901 crore in FY22 to ₹78,420 crore in FY24, demonstrating a robust CAGR of 36.80%. As of December 31, 2024, total folios in Canara Robeco's schemes reached 0.50 crore, with individual customer folios comprising 0.49 crore, representing 98.99% of the total folio base.

The company reported growth across key SIP metrics. As of December 31, 2024, their SIP count totaled 0.23 crore, up from 0.14 crore in FY22. Monthly SIP contributions reached Rs 777 crore by the end of December 2024, reflecting positive momentum.

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

Canara Robeco AMC highlights its significant investment in a digital ecosystem to enhance customer convenience, engagement, and accessibility. A key component, the Canara Robeco Mutual Fund App, boasts over 500,000 downloads as of December 31, 2024. Furthermore, Canara Robeco provides online investment opportunities via "Smartinvest" directly on its website.

The company demonstrated strong financial growth with rising revenue and profits. Revenue from operations grew steadily from Rs 164.22 crore (FY22) to Rs 204.59 crore (FY23) and further to Rs 318.09 crore (FY24). Profit after tax (PAT) also increased significantly, from Rs 60.16 crore (FY22) to Rs 79.00 crore (FY23) to Rs 150.99 crore (FY24).