Sunil Singhania-led Abakkus Asset Manager files DRHP with Sebi for IPO
The proposed initial public offering (IPO) will comprise an Offer for Sale (OFS) of 15 million equity shares, each having a face value of Rs 2. Since the issue is entirely an OFS, the proceeds from the share sale will go to existing selling shareholders.
The IPO is expected to have a 50% allocation for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 35% for retail investors. An employee reservation portion is also proposed as part of the issue structure.
Strong Financial Growth
Abakkus has reported a sharp improvement in its financial performance over the past three fiscal years, reflecting the rapid expansion of its asset management platform.
For FY26, the company reported revenue of Rs 796 crore, up from Rs 707 crore in FY25 and Rs 479 crore in FY24. Profit after tax (PAT) rose to Rs 327 crore in FY26, compared with Rs 258 crore in FY25 and Rs 205 crore in FY24.
The numbers highlight the company’s consistent growth trajectory, with both revenue and profitability expanding significantly over the period.Founded on a research-driven investment philosophy, Abakkus Asset Manager focuses on long-term wealth creation through fundamental investing, disciplined portfolio construction and prudent risk management.
The company offers a diversified range of investment solutions across four major business verticals:
Alternates: Category III Alternative Investment Funds (AIFs) and Portfolio Management Services (PMS), Offshore and Other Products: Registered Investment Advisory (RIA) services and the Aryabhata Fund, a UCITS fund, Private Equity: Category I and Category II AIFs, and Mutual Funds
According to the ICRA Report, Abakkus has emerged as one of the fastest-growing India-focused asset management platforms in terms of non-mutual fund quarterly average assets under management (QAAUM). Its QAAUM recorded a CAGR of 18.39% between FY24 and FY26.
The company has also strengthened its position in India’s discretionary Portfolio Management Services segment. As of March 31, 2026, Abakkus ranked fourth in the total equity strategy discretionary PMS segment, with assets under management of Rs 185,381.40 million and a 5.25% market share, according to the ICRA Report.
Who Is Behind the IPO?
The promoters of Abakkus Asset Manager include Sunil Banwarilal Singhania, Kanchan Sunil Singhania, Abakkus Expert Professionals LLP, SUKK Family Trust and Ecosmart Climate Solutions Private Limited.
The IPO’s book-running lead managers are Axis Capital, ICICI Securities, IIFL Capital and JM Financial, while KFin Technologies Ltd. will act as the registrar to the issue.
The filing marks an important milestone for the Sunil Singhania-led investment platform and sets the stage for what could be one of the notable asset management IPOs in India’s financial services space.
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