Abakkus Asset Manager Evaluates FY27 IPO; May Finalise Bankers Soon

Abakkus Asset Manager, founded by market investor Sunil Singhania, is evaluating the possibility of launching an Initial Public Offering (IPO) in FY27, as per The Moneycontrol report. The firm recently completed presentations from several investment banks interested in working on the transaction. 

The banks were pitching for roles as book running lead managers (BRLMs). According to reports, the firm may shortlist and appoint its advisors soon, possibly within the next week. Several banks have shown interest in the mandate. 

Discussions with Bankers 

As per the report, the conversations between the firm and potential advisors have been taking place for a few months. The current plan under consideration is to structure the public issue largely as an offer for sale. 

In such a structure, existing shareholders would sell a portion of their holdings rather than the company issuing fresh shares. The approach has been used in earlier listings of asset management businesses in India. 

The firm does not have an immediate requirement to raise capital. Instead, a listing could allow employees and existing investors to monetise stock options accumulated since the firm was set up. 

Abakkus Asset Manager Business and Operations 

Abakkus Asset Manager was established in 2018 as an investment firm focused on Indian equities. As of December 31, 2025, the firm managed ₹40,795 crore, or about $4.54 billion, in listed equities. 

Its investment offerings include portfolio management services, alternative investment funds, private equity funds, registered investment advisory services, and institutional mandates. 

Background of the Founder 

Singhania has been tracking Indian equity markets for nearly 3 decades and has spent over 21 years managing equity assets, as indicated in the reports. Before starting Abakkus, he worked at Reliance Capital Group as chief investment officer for equities and global head of equities. 

In that role, he managed India-focused equity assets of more than $10 billion. He is a chartered accountant and a CFA charter holder, and previously served on the global board of the CFA Institute from 2013 to 2019. 

Recent Activity in the Sector 

Listings by asset management companies have continued in recent years. ICICI Prudential Asset Management was among the latest firms in the sector to go public, listing on Indian exchanges in December 2025. 

Read More: Gift City’s First Ever IPO: XED Executive Development IPO Set to Open on March 6! 

Conclusion 

The firm has not publicly confirmed the listing plans. However, discussions with investment banks indicate that preparations for a possible FY27 public offering are under consideration.