Abakkus Asset Manager IPO (DRHP filed)
Abakkus Asset Manager Limited filed its draft red herring prospectus with SEBI on 22 Sep 2026. Price band, lot size and issue dates are announced only after SEBI observations and the RHP filing.
Last updated
- Stage
- DRHP Filed
- DRHP filed
- 22 Sep 2026
- Days since
- 39
- Issue size
- —
- Board
- Mainboard
- Price band
- TBA
Abakkus Asset Manager IPO status
Abakkus Asset Manager Limited filed its draft red herring prospectus (DRHP) with SEBI on . The issue can open only after SEBI issues its observations and the company files the RHP with the price band.
| DRHP filed | 22 Sep 2026 |
|---|---|
| Days since filing | 39 |
| SEBI observation | Awaited |
| Price band | TBA |
| Issue dates | TBA |
Share reservation by category
| Category | Shares Details |
|---|---|
| Qualified Institutions | Not More Than 50% of the Net Issue |
| Retail Investors | Not Less Than 35% of the Net Issue |
| Non-Institutional | Not Less Than 15% of the Net Issue |
Abakkus Asset Manager Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹707.16 Cr to ₹796.05 Cr, and profit after tax rose from ₹257.72 Cr to ₹327.05 Cr. The PAT margin for 31 Mar 2026 was 41.08%.
| Period ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 868.16 | 494.29 | 424.42 |
| Total Income | 796.05 | 707.16 | 478.66 |
| Profit After Tax | 327.05 | 257.72 | 205.43 |
| EBITDA | 409.64 | 346.94 | 235.00 |
| Net Worth | 751.27 | 406.59 | 295.64 |
| Reserve & Surplus | 741.27 | 396.59 | 289.86 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| ROE % | 56.49 | 73.40 | 95.23 |
| RoNW % | 56.49 | 73.40 | 95.23 |
Peer comparison
| Company | Face value | P/E | EPS (basic) | EPS (diluted) | RoNW | NAV |
|---|---|---|---|---|---|---|
| Abakkus Asset Manager Ltd | 2 | — | 21.80 | 21.52 | 56.49% | 150.25 |
| 360 One WAM Ltd | 1 | 37.25 | 30.16 | 29.19 | 14.39% | 242.17 |
| Aditya Birla Sun Life AMC Ltd | 5 | 31.67 | 33.76 | 33.68 | 25.10% | 139.94 |
| Anand Rathi Wealth Ltd | 5 | 92.46 | 23.94 | 23.59 | 47.54% | 120.23 |
| Canara Robeco Asset Management Company Ltd | 10 | 23.36 | 10.22 | 10.22 | 30.29% | 37.40 |
| EAAA India Alternatives Ltd | 5 | — | 41.26 | 40.36 | 25.97% | 167.32 |
| HDFC Asset Management Company Ltd | 5 | 36.69 | 66.77 | 66.50 | 32.93% | 215.42 |
| ICICI Prudential Asset Management Company Ltd | 1 | 45.01 | 66.73 | 66.73 | 85.80% | 84.39 |
| Nippon Life India Asset Management Ltd | 10 | 49.29 | 24.05 | 23.63 | 34.48% | 73.01 |
| Nuvama Wealth Management Ltd | 2 | 31.77 | 57.59 | 56.06 | 27.34% | 226.37 |
| SBI Funds Management Ltd | 1 | 36.75 | 15.08 | 15.04 | 43.02% | 29.28 |
| UTI Asset Management Company Ltd | 10 | 28.68 | 31.51 | 31.41 | 10.38% | 350.50 |
Notes
Financial information of our Company has been derived from the Restated Consolidated Financial Information as of or for the financial year
ended March 31,2026All the financial information for listed industry peers on a consolidated basis and is sourced from the financial information of such listed
industry peer available on the website of the stock exchanges/ annual report as of and for the year ended March 31, 2026P/E Ratio for the listed industry peer has been computed based on the closing market price of equity shares, on NSE for peers, as of September
9, 2026, divided by the diluted EPS for the financial year ended March 31, 2026.Return on Net Worth = Net Profit after tax attributable to owners of the Company, as restated/ Restated average net worth. Restated average
net worth represents average of Net Worth as of the last day of the current year and Net Worth of the last day of the previous yearNet asset value per Equity share = Total Equity attributable to owners of the group as per the Restated Consolidated Financial Information
/Number of Equity shares outstanding at the end of year.Total Equity is calculated as equity share capital plus other equity.
^Anand Rathi Wealth Limited undertook a bonus issue (one bonus equity share of face value ₹5 each for every one equity share of held). Record
date for the corporate action was June 3, 2026. The EPS and P/E Ratio presented are after taking into consideration this bonus issue by
retrospectively adjusting as if the event had occurred at the beginning of the period presented.
From the prospectus. P/E is shown as — when earnings are zero or negative, or not reported for the issuer before listing.
Objectives
The company intends to utilize the Offer Proceeds for the following Objects.
| Sr | Objective |
|---|---|
| 1 | The Abakkus Asset Manager Ltd. IPO is a 100% Offer for Sale (OFS), so the company will not receive any funding and the entire IPO proceeds will go to the selling shareholders. |
About Abakkus Asset Manager Limited
Incorporated in March 2018, Abakkus Asset Manager Limited is an India-focused asset management platform offering investment management and advisory services, with a primary focus on equity strategies. The Company operates across four key business verticals: Alternates, comprising Category III Alternative Investment Funds (AIFs) and Portfolio Management Services (PMS); Offshore and Other Products, comprising Registered Investment Advisory (RIA) services and the Aryabhata Fund, a UCITS fund; Private Equity, comprising Category I and Category II AIFs; and Mutual Funds.
As of March 31, 2026, the Company ranked fourth in India’s discretionary PMS segment for equity strategies, with AUM of ₹18,538.14 crore and a market share of 5.25%. Its discretionary PMS QAAUM increased to nearly ₹20,000 crore, representing a CAGR of 158.3% over the six years since inception. The Company also had the second-largest client base among discretionary PMS providers in India as of March 31, 2026.
Abakkus was founded by Sunil Banwarilal Singhania, who has more than three decades of experience in asset management and equity investing. The Company has expanded its operations through multiple regulated investment vehicles and licenses and follows a research-driven, benchmark-agnostic investment philosophy.
The Company has also established a presence in the mutual fund segment, reaching ₹10,000 crore in equity-category mutual fund AUM within eight months of commencing its mutual fund operations. Abakkus Mutual Fund's maiden equity new fund offer (NFO) received collections of ₹2,492.97 crore.
As of March 31, 2026, the Company had 141 permanent employees, comprising 35 employees in Research and Investment, 37 in Sales and Marketing, 31 in Operations, and 15 in Client Service.
Promoters
Sunil Banwarilal Singhania
Kanchan Sunil Singhania
Abakkus Expert Professionals LLP
Sukk Family Trust and Ecosmart Climate Solutions Pvt.Ltd.
Contact details
Abakkus Asset Manager Ltd.
601, 6th Floor, Param House
Shanti Nagar, Near Grand Hyatt
Santacruz East
Mumbai, Maharashtra, 400055
Tel: +91 22 6884 6697
E-mail: cs@abakkusinvest.com
Website: https://www.abakkusinvest.com/
Abakkus Asset Manager IPO FAQs
- Has Abakkus Asset Manager IPO filed for an IPO?
- Abakkus Asset Manager Limited filed its draft red herring prospectus (DRHP) with SEBI on 22 Sep 2026.
- When will the Abakkus Asset Manager IPO open?
- Issue dates are announced after SEBI observations and the RHP filing. They are not available yet.
- What is the Abakkus Asset Manager IPO price band?
- The price band is announced a few days before the issue opens. It is not available yet.
Details are from the draft prospectus and can change in the final RHP. This is not investment advice.