How to check allotment statusVia RegistrarVisit Live EventsEnter your PAN, application number, or DP/Client ID.Click Submit to know your allotment status.Via BSEGo to Choose Equity as the issue type and select Canara Robeco AMC Ltd.Enter your application number and PAN, then click Search.Also Read: Subscription detailsThe IPO saw strong participation, being subscribed 9.74 times overall. The Qualified Institutional Buyers (QIB) category led the demand with 25.92 times subscription, followed by Non-Instituti ...

Core Insights - The IPO of Canara Robeco Asset Management Company was highly successful, achieving an overall subscription of 9.74 times on the closing day of bidding [1] - The IPO was an offer for sale (OFS) of approximately 4.98 crore shares, with no fresh issue component, priced between ₹253 and ₹266 per share [2] - The company raised ₹398 crore from anchor investors prior to the IPO, with shares expected to list on BSE and NSE on October 16 [3] Subscription Details - The IPO received bids for 33.99 crore shares against 3.48 crore shares on offer, indicating strong demand [1] - Qualified institutional buyers (QIBs) led the subscription with a rate of 25.92 times, followed by non-institutional investors (NIIs) at 6.45 times, and retail investors at 1.91 times [1] Offer Structure - The promoters, Canara Bank and ORIX Corporation Europe N V, are offloading 2.59 crore shares and 2.39 crore shares, respectively, under the OFS [2] - The allotment date for the IPO is set for October 14 [3]

Core Points - Canara Robeco Asset Management Company is launching an initial public offering (IPO) of Rs 1,326 crore, which opens today and will close on October 13, with a price band set between Rs 253 and Rs 266 per share [1] - The IPO consists entirely of an offer for sale (OFS) of 4.98 crore equity shares, with no fresh issue component [2] - The allocation of the IPO includes 50% reserved for qualified institutional buyers (QIBs), 35% for retail investors, and 15% for non-institutional investors [2] Company Overview - Canara Bank holds a 51% stake in Canara Robeco, while Orix Corporation owns the remaining stake [3] - The company will not receive any funds from the IPO as it is entirely an OFS; proceeds will go to the selling shareholders [3] - Canara Robeco has raised Rs 398 crore from anchor investors as part of the IPO [3] Anchor Investors - The anchor book includes participation from several institutional investors such as SBI Mutual Funds, ICICI Prudential Mutual Fund, and Nippon India Mutual Fund, among others [4] - Canara Robeco has allotted 1.49 crore equity shares to 25 funds at Rs 266 per share [4] Market Position - Canara Robeco operates in a competitive environment alongside other listed players like HDFC Asset Management Company, Nippon Life India Asset Management, and UTI Asset Management Company [5] - The shares of Canara Robeco are expected to list on the stock exchanges on October 16 [5]

Core Insights - The upcoming IPO of Canara Robeco Asset Management Company Limited (CRAMC) is set to open for public subscription from October 9 to October 13, with shares expected to be allotted on October 14 and listed on October 16 [1][5][9] IPO Details - The IPO has a price band of Rs 253 to Rs 266 per equity share, with a face value of Rs 10, and a minimum bid lot size of 56 equity shares [6][9] - The total offer size for the IPO is Rs 1,326 crore, which is entirely an offer-for-sale (OFS) by promoter shareholders, including Canara Bank and ORIX Corporation Europe N.V. [6][9] - At the upper end of the price band, the price-to-earnings (P/E) ratio based on FY25 diluted EPS is 27.82 times, while at the lower end it is 26.46 times [6][9] - The weighted average return on net worth over the past three financial years is reported at 30.97% [6][9] Financial Performance - As of June 30, 2025, Canara Robeco AMC reported closing Assets Under Management (AUM) of Rs 1,175.13 billion, with an average AUM of Rs 1,110.52 billion for the same period [7][9] - The company earned Rs 927.13 million in management fees, with total revenue from operations standing at Rs 1,210.69 million [7][9] Investor Sentiment - The grey market premium (GMP) for the IPO is currently between Rs 33 and Rs 35, indicating a premium of approximately 12.41% over the upper price band, reflecting positive investor sentiment and interest [2][9] - A higher GMP may suggest expectations of strong listing-day performance, although it is based on market rumors and does not guarantee actual gains [4][9] Allocation Structure - The IPO allocation will reserve not more than 50% of the net offer for Qualified Institutional Buyers (QIBs), at least 15% for Non-Institutional Investors (NIIs), and a minimum of 35% for Retail Individual Investors (RIIs) [8][9]

The IPO is entirely an offer for sale (OFS) of 4.99 crore shares by existing shareholders. Currently, as a Reliable and Trusted News SourceAddas a Reliable and Trusted News Source Add Now! (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel MUMBAI: The ₹1,326-crore IPO of Canara Robeco Asset Management Company , a joint venture between Canara Bank and ORIX Corporation Europe , will open on October 9. The company has set the price band of the issue at ₹253-266 per share. T ...

Core Viewpoint - Canara Robeco Asset Management Company is set to launch its IPO with a price band of ₹253-266 per share, targeting a valuation of approximately ₹5,305 crore ($597.9 million) at the upper end [1] Group 1: IPO Details - The IPO will open for retail investors on October 9, with anchor investors allowed to place bids on October 8 [2] - The share sale will last for three days, concluding on October 13, and the stock is expected to list around October 16 [2] Group 2: Shareholder Actions - Canara Robeco will not issue new shares in the IPO; instead, existing shareholders will offload a total of 49.8 million shares [3] - Canara Bank will reduce its stake by 13%, selling 25.92 million shares, while ORIX Corporation will divest 23.93 million shares [3] Group 3: Market Context - The IPO occurs during a busy period for India's primary market, with an expected $8 billion in fundraises for the October-December quarter, including large issuances from Tata Capital, LG Electronics India, and WeWork India Management [1]

Group 1 - The article focuses on the Asia Value & Moat Stocks research service, which targets value investors looking for Asia-listed stocks with significant discrepancies between price and intrinsic value [1] - The service emphasizes deep value balance sheet bargains, such as net cash stocks and low price-to-book (P/B) stocks, as well as wide moat stocks that represent high-quality businesses [1] - The author provides a range of watch lists with monthly updates, particularly concentrating on investment opportunities in the Hong Kong market [1]

Financial Data and Key Metrics Changes - Net income for Q1 was 107.3 billion yen, an increase of 20.6 billion yen year on year, with an annualized ROE of 10.4% [3][6] - Pre-tax profit was 155.5 billion yen, up 35.3 billion yen from last year, indicating strong performance across all categories [4][10] - The company completed 40.9 billion yen of its 100 billion yen share buyback program announced in May [5][34] Business Line Data and Key Metrics Changes - Finance segment profit increased by 5% year on year to 49 billion yen, with solid performance in Corporate Financial Services and Banking [7][24] - Operation segment profit also rose by 5% year on year to 55.8 billion yen, driven by gains in the Environment and Energy segment [8][26] - Investment segment profit surged by 61% year on year to 60.1 billion yen, bolstered by gains from the sale of Hotel Universal Port Vita [9][10] Market Data and Key Metrics Changes - The concession business at Kansai International Airport is experiencing growth due to increased international passenger numbers, reflecting steady performance [22] - RevPAR at hotels in the Kansai area has been improving, with new hotel openings contributing to future demand [23] - The performance of the Aircraft and Ship segment remains positive, with an increase in passenger traffic expected to drive growth [23][30] Company Strategy and Development Direction - The company is focusing on capital recycling and optimizing its portfolio in the renewable energy sector, including the sale of GreenCo shares and investment in AM Green [16][45] - ORIX aims to enhance corporate value by increasing direct dialogue with institutional investors and improving ROE and EPS growth [36] - The investment pipeline is robust at 2 trillion yen, with a focus on sustainable growth through immediate revenue-generating projects and longer-term developments [21] Management's Comments on Operating Environment and Future Outlook - Management acknowledged increasing macroeconomic uncertainty and is reviewing planned exits and performance for the second half of the fiscal year [4][35] - The outlook for the first half is strong, but management remains cautious about the overall business environment and potential impacts from tariffs and inflation [40][88] - The company plans to continue its shareholder return policy while being flexible based on full-year outlook and new investments [5][66] Other Important Information - The company has seen a significant increase in assets under management (AUM) to 81 trillion yen, driven by cash inflows and market performance [81][82] - The company is maintaining a conservative investment stance in the Greater China region due to market conditions [34] Q&A Session Summary Question: What are the risks arising from US-related businesses? - Management noted that while the direct exposure in the US is limited, the company is being conservative in its approach due to high interest rates and tariff impacts [38][40] Question: What is the outlook for capital losses and portfolio realignment? - Management indicated that the outlook is conservative, with ongoing discussions about optimal timing for capital gains and losses [48][51] Question: How will the interim dividend be decided? - The company plans to maintain a 39% payout ratio based on first-half net income, with final decisions made during interim financial closings [67][69] Question: What factors contributed to the increase in AUM? - The increase in AUM was attributed to cash inflows from successful product lineups and favorable market conditions, particularly in US equities [82][84] Question: How does the company view its investment discipline? - Management emphasized that investment decisions are made based on feasibility and market conditions, maintaining a disciplined approach despite external pressures [56][59] Question: What is the company's strategy regarding share buybacks? - The company is flexible with its buyback program and will make decisions based on market conditions and investment opportunities [66][71] Question: Can you clarify the meaning of "under review" for the fiscal year guidance? - Management clarified that "under review" means they are assessing the budget and performance forecasts to ensure they are accurate and backed by solid reasons [76][78]

Financial Data and Key Metrics Changes - Net income for Q1 was 107.3 billion yen, an increase of 20.6 billion yen year on year, with an annualized ROE of 10.4% [3][6] - Pre-tax profit was 155.5 billion yen, up 35.3 billion yen from last year [4][10] - The company completed 40.9 billion yen of its 100 billion yen share buyback program announced in May [5][37] Business Line Data and Key Metrics Changes - Finance segment profit increased by 5% year on year to 49 billion yen, with a progress rate of 27% against the full year forecast [7] - Operation segment profit also rose by 5% year on year to 55.8 billion yen, with a progress rate of 24% against the full year forecast [8] - Investment segment profit surged by 61% year on year to 60.1 billion yen, driven by gains from the sale of Hotel Universal Port Vita and valuation gains on Ormat shares [9][10] Market Data and Key Metrics Changes - The concession business at Kansai International Airport is experiencing growth due to increased international passenger numbers, reflecting steady performance [25] - RevPAR at hotels in the Kansai area has been improving, with new luxury hotel openings anticipated to drive future demand [26] Company Strategy and Development Direction - The company is focusing on capital recycling and optimizing its portfolio in the renewable energy sector, including the sale of GreenCo shares and investment in AM Green [17][20] - The investment pipeline is robust at 2 trillion yen, emphasizing sustainable growth through immediate revenue-generating projects and those requiring longer development periods [24] Management's Comments on Operating Environment and Future Outlook - Management acknowledged increasing macroeconomic uncertainty and is reviewing planned exits and full-year net income targets [4][38] - The outlook for the first half is strong, with expected gains from the sale of GreenCo and new investments [6][38] Other Important Information - The company plans to maintain a conservative investment approach due to inflation and rising construction costs [26] - The company aims to enhance corporate value by increasing direct dialogue with institutional investors and focusing on improving ROE and EPS growth [39] Q&A Session Summary Question: Concerns regarding US-related business risks due to tariffs and renewable energy incentives - Management indicated that while the direct exposure in the US is limited, they will remain flexible in managing assets and continue to invest in Hilco Global, which is countercyclical [41][48] Question: Inquiry about capital recycling and outlook for capital losses - Management stated that the capital gain budget is under review, and they are assessing the timing for potential capital losses and impairments [50][54] Question: Clarification on investment discipline and dividend payout timing - Management explained that the decision to terminate discussions with Panasonic was based on a reassessment of business feasibility, and the dividend payout was made to return capital while maintaining financial soundness [60][66] Question: Inquiry about base profit sustainability and guidance - Management confirmed that while the first quarter base profit was solid, it included some one-off profits, and they aim to maintain momentum moving forward [80][82] Question: Clarification on the meaning of "under review" for fiscal year guidance - Management clarified that "under review" means they are reassessing the budget and performance expectations, not necessarily indicating a negative outlook [84][86] Question: Inquiry about asset management growth and AUM increase - Management attributed the increase in AUM to cash inflows and improved market conditions, particularly in the US and Europe [90][93]

Financial Performance - Total Revenues for the fiscal year 2024.4-2025.3 reached 2,874,821 million yen[5], a slight increase from 2,814,361 million yen in the previous fiscal year[5] - Net Income Attributable to ORIX Corporation Shareholders for the fiscal year 2024.4-2025.3 was 351,630 million yen[5], compared to 346,132 million yen in the previous fiscal year[5] - Return on Equity (ROE) for the quarter 2025.4-6 increased to 10.4%[5] from 9.2% in the same quarter of the previous year[5] - Return on Assets (ROA) for the quarter 2025.4-6 increased to 2.53%[5] from 2.19% in the same quarter of the previous year[5] Segment Performance - Total segment profits reached 544,668 million yen[7], with an adjustment of -64,205 million yen[7] leading to an income before income taxes of 480,463 million yen[7] - Corporate Financial Services and Maintenance Leasing reported segment profits of 90,329 million yen[7] and segment assets of 1,884,565 million yen[7] - Real Estate segment profits were 70,541 million yen[7] with segment assets of 1,158,293 million yen[7], showing a segment asset ROA of 4.26%[7] - PE Investment and Concession segment profits amounted to 98,872 million yen[7] with segment assets of 1,022,944 million yen[7], resulting in a segment asset ROA of 6.96%[7] - Insurance segment profits were 74,399 million yen[7] with segment assets of 3,009,234 million yen[7], and a segment asset ROA of 1.80%[7] Asset and Funding - Total Assets reached 16,866,251 million yen[5], with Total Liabilities at 12,691,036 million yen[5] and Total ORIX Corporation Shareholders' Equity at 4,089,782 million yen[5] - The Shareholders' Equity Ratio stood at 24.2%[6], and the Debt-to-Equity Ratio was 2.1 times[6] - The company maintains strong liquidity, with a liquidity coverage ratio of 2,086%[86]