Abakkus Asset Manager Eyes FY27 IPO, Seeks Advisors for Upcoming Listing

Abakkus Asset Manager Evaluates IPO Options for FY 27 Listing

Abakkus Asset Manager, led by Sunil Singhania, has concluded IPO pitches with a group of investment banks as the firm explores options for a listing in FY 27. Industry sources indicate that the pitches were held recently, and the book running lead managers (BRLM) syndicate will be finalized in the next week.

An offer for sale is planned, mirroring the approach taken by other asset management listings. The deal is expected to be of a good size, although market conditions may influence the final plan. This proposed listing is part of a broader trend, with other listed mutual funds and firms, such as EAAA and Gaja Capital, at various stages of the listing process.

Abakkus Asset Manager, founded by Sunil Singhania in 2018, manages Rs 40,795 Crores ($4.54 billion) in listed Indian equities as of December 31, 2025. The firm has a 92-member strong team and offers a range of products, including portfolio management services, alternative investment funds, and institutional offerings.

Read also: SMR Jewels IPO Successfully Lists with Institutional Support

Sunil Singhania, a veteran of the Indian equity markets with 21 years of experience on the buy-side, has been tracking the markets for nearly three decades. Under his leadership, Abakkus Asset Manager has established a reputation for its focus on earnings quality, growth durability, and value investing, principles that are in line with those of renowned investors like Warren Buffett.

The proposed listing is expected to be a significant wealth creation event for the firm's employees, allowing them to monetize their employee stock options. This move is also seen as a way to attract and retain top talent in the industry.