Stories
Sunil Singhania's Abakkus Asset Manager Files for IPO with SEBI
C
CNBC TV18•22-09-2026, 14:00
Sunil Singhania's Abakkus Asset Manager Files for IPO with SEBI
- •Abakkus Asset Manager Ltd., led by Sunil Singhania, has filed a Draft Red Herring Prospectus (DRHP) with SEBI for an Initial Public Offering (IPO).
- •The IPO consists of an offer for sale (OFS) of 15 million shares, with a face value of ₹2 per share, including a 35% reservation for retail investors and an employee reservation.
- •Abakkus reported strong financial growth, with revenue reaching ₹796 crore and profit after tax (PAT) at ₹327 crore in FY26.
- •The Mumbai-based firm, founded in 2018, is among the fastest-growing India-focused asset managers by non-mutual fund qualified assets under management (QAAUM), which stood at ₹41,409 crore as of FY26.
- •Abakkus operates across four key verticals: AIFs & PMS, RIA & UCITS, private equity, and mutual funds, managing ₹40,795 crore in listed Indian equities as of December 31, 2025.
Key Questions Answered
Sunil Singhania-led Abakkus Asset Manager has filed a Draft Red Herring Prospectus with SEBI for an initial public offering comprising an offer for sale of 15 million shares with a face value of ₹2 each. The issue includes a 35% reservation for retail investors alongside an employee reservation.
Abakkus reported a revenue of ₹479 crore and a profit after tax of ₹205 crore in FY24, which grew to ₹707 crore revenue and ₹258 crore PAT in FY25. By FY26, the company's revenue increased further to ₹796 crore, with profit after tax rising to ₹327 crore.
The book-running lead managers appointed for the Abakkus Asset Manager initial public offering are Axis Capital, ICICI Securities, IIFL Capital, and JM Financial.
