Another asset manager is lining up for the IPO runway.
Canara Robeco Asset Management Company, the investment manager for Canara Robeco Mutual Fund, has filed for an initial public offering (IPO) with Sebi.
The deets: the IPO is a pure offer for sale (OFS) by its two owners — state-run Canara Bank and Japan’s Orix Corporation. Canara holds 51%, and Orix owns 49%.
Canara Robeco MF is the 17th largest fund house in India, managing ₹1 trillion in assets as of Q4 FY25.
Why it matters: pure-play asset managers are rare on Indian exchanges. Only HDFC AMC, Nippon Life India, Aditya Birla Sun Life, and UTI AMC are publicly listed today — and the last AMC IPO (Aditya Birla Sun Life) happened back in 2021.
Founded in 1993, Canara Robeco is the second-oldest mutual fund in the country — and it’s looking to tap a growing investor base hungry for equity, debt, and hybrid funds.
