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Abakkus Asset Manager Files DRHP for Proposed IPO
Abakkus Asset Manager is a company that manages money for investors.
It has filed papers with SEBI to potentially sell shares to the public.
This type of filing is called a draft red herring prospectus, or DRHP.
The company was started in 2018 by Sunil Banwarilal Singhania.
It manages investments through several businesses, including PMS, alternative investment funds, private equity and mutual funds.
An ICRA report described Abakkus as one of India’s fastest-growing asset management platforms.
As of March 31, 2026, it managed ₹18,538 crore in its discretionary PMS business.
The proposed IPO is structured as an offer for sale, according to the DRHP.
Abakkus Asset Manager has filed a draft red herring prospectus with SEBI for a proposed offer for sale.
The firm ranked fourth in India’s total equity strategy discretionary PMS segment, with ₹18,538 crore in AUM and a 5.3% market share as of March 31, 2026.
Its discretionary PMS quarterly average AUM grew to nearly ₹20,000 crore at a 158% CAGR within six years of inception.
Abakkus had the second-largest client base among India’s discretionary PMS providers as of March 31, 2026, according to ICRA.
Founded in 2018 by Sunil Banwarilal Singhania, the firm operates across PMS, alternative investment funds, private equity and mutual funds.
- Who
- Abakkus Asset Manager, founded by Sunil Banwarilal Singhania.
- What
- The firm filed a DRHP with SEBI for a proposed offer for sale.
- Where
- India.
- When
- The company was founded in 2018; reported performance figures include data as of March 31, 2026.
- Why
- The DRHP sets out Abakkus’s growth across its regulated investment businesses ahead of the proposed offer for sale.
Key facts
- Founder
- Sunil Banwarilal Singhania
- Year founded
- 2018
- PMS AUM
- ₹18,538 crore as of March 31, 2026
- PMS market share
- 5.3% of India’s total equity strategy discretionary PMS segment
- PMS ranking
- Fourth in India’s total equity strategy discretionary PMS segment
- PMS QAAUM growth
- Nearly ₹20,000 crore, growing at a 158% CAGR within six years of inception
- IPO structure
- Proposed offer for sale
Sources
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