The Rs 1,326-crore IPO was led by QIBs, with an enormous 25.9x subscription, whereas Non-Institutional Buyers (NII) subscribed 6.45x and retail traders bid 1.9x their allotted quota.
What ought to traders do now?
Home brokerage agency Prabhudas Lilladher has given a Purchase name on the counter and a goal value of Rs 320 per share. Analysts stay optimistic about its enterprise prospects, supported by a number of tailwinds. First, stronger fairness market efficiency might drive larger internet fairness circulate market share (1.3% in H1FY26), which, in flip, could increase its general inventory market share and help an estimated AAuM CAGR of round 20% over FY26–28E — about 3% larger than the business common.Second, with equities accounting for almost 90% of complete belongings, the corporate is well-positioned to profit from its optimistic outlook on Indian equities over the medium to long run, resulting in stronger core earnings.
“Buyers are suggested to guide partial earnings post-listing, given the respectable debut and maintain the remaining portion for the long run, as the corporate’s fundamentals stay sturdy and the mutual fund business is poised for continued enlargement,” Shivani Nyati of Swastika Investmart stated.
“The corporate is one among India’s oldest and most trusted asset administration corporations, providing a variety of mutual fund merchandise throughout fairness, debt, and hybrid classes. With a robust model legacy and backing from Canara Financial institution and Robeco Group (Netherlands), the corporate enjoys excessive credibility amongst retail and institutional traders. Canara Robeco has proven constant progress in its Property Beneath Administration (AUM), supported by rising investor participation in mutual funds and its increasing distribution community throughout the nation,” she added.
The higher value band of Rs 266 values the corporate at 19.6x its September 2027 core EPS, in contrast with 16.7x for UTI AMC and 22.7x for Aditya Birla Sunlife AMC, implying a 42.5% low cost to Nippon AMC. Assigning a 24x a number of makes the corporate a beautiful alternative throughout the small-cap AMC area.
Canara Robeco AMC, India’s second-oldest mutual fund home, is a three way partnership between Canara Financial institution and Orix Company Europe NV. The corporate manages a diversified portfolio throughout fairness, debt, and hybrid funds, and is thought for its constant profitability and operational effectivity.
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As of March 2025, the corporate reported Rs 404 crore in complete earnings and Rs 191 crore in PAT, marking a 26% YoY progress. Its EBITDA margin stood at 65.4%, one of many highest amongst asset managers, whereas return on internet price (RoNW) was 36%.
At about 11:20 AM, shares of the corporate have been buying and selling at Rs 307.2, up 9.62% from the opening value on the NSE.
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