The sacrifice consists of a sacrifice for the sale of up to 49,854,357 nominal value capital shares of ₹ 10 each
Canara Robeco Asset Management Company has presented the draft of the red herring prospect (DRHP) with Sebi for an initial public offer.
Canara Bank and Orix Corporation Europe NV are the promoters of the company.
The sacrifice consists of a sacrifice for the sale of up to 49,854,357 nominal value capital shares of ₹ 10 each. The sale offer includes 25,924,266 capital shares by Canara Bank and up to 23,930,091 capital shares by Orix Corporation Europe NV.
Canara Robeco AMC is 17Th Largest fund house. He registered an average Aum or an axis of rupees of ₹ 1.08 Lakh or end of December. Manage 25 schemes that comprise 12 capital schemes, 10 debt schemes and three hybrid schemes.
The company has a multichannel sales and distribution network that allows it to offer products and services to its customers. This network includes third -party distributors and sales made through its branches and digital platforms.
The company’s average aum of the company has grown to a CAG or 35 percent between March 2022 and March 2024, compared to the growth of the industry of 19 percent.
The House of the Fund had the highest third part of equity (including the hybrid Aum oriented to equity) from and compared to the 10 amc main in India, it had the greatest proportion of AUM oriented to equity from the end of last December.
Post-Opo, the company’s capital shares will be listed in BSE and NSE.
SBI Capital Markets, Axis Capital and JM Financial are the leading managers of the book for the subject.
Currently, there are four mutual funds: Nippon India MF, HDFC MF, Birla MF and UTI MF, are listed in the stock exchanges. Sbi MF had planned to come with an opi, but then filed the plan. As of March, there were 49 mutual funds registered in India.
Posted on April 25, 2025