{"id":262609,"date":"2026-09-23T09:21:20","date_gmt":"2026-09-23T03:51:20","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=262609"},"modified":"2026-09-23T09:21:20","modified_gmt":"2026-09-23T03:51:20","slug":"abakkus-amc-ipo-sunil-singhania-drhp-sebi","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/abakkus-amc-ipo-sunil-singhania-drhp-sebi\/","title":{"rendered":"Sunil Singhania&#8217;s Abakkus AMC Files DRHP for a Fully Offer-for-Sale IPO"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Abakkus Asset Manager files DRHP with SEBI. IPO entirely OFS, 1.5 crore shares by promoter Abakkus Expert Professional. FY26 revenue Rs 796 cr, PAT Rs 327 cr. QAAUM CAGR 18.39% (FY24-26).<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Abakkus Asset Manager Limited, promoted by well-known investor Sunil Singhania, has filed its draft red herring prospectus with the Securities and Exchange Board of India. The IPO will be entirely an offer for sale of 1.5 crore shares, sold by the promoter entity Abakkus Expert Professional, meaning the company itself will not raise any fresh capital through the issue. Axis Capital, ICICI Securities, IIFL Capital and JM Financial are acting as lead managers. In FY26, the company reported revenue of Rs 796 crore and profit after tax of Rs 327 crore, with its non-mutual fund quarterly average assets under management growing at a compound annual rate of 18.39 percent between FY24 and FY26, according to an ICRA report cited in the DRHP.<\/p>\n<\/p><\/div>\n<p>Abakkus Asset Manager Limited, promoted by Sunil Singhania, has filed its draft red herring prospectus with SEBI for an initial public offering structured entirely as an offer for sale of 1.5 crore shares, meaning all proceeds will go to the selling promoter entity rather than the company itself.<\/p>\n<p>Axis Capital, ICICI Securities, IIFL Capital and JM Financial are acting as lead managers to the issue, which Moneycontrol had exclusively reported on earlier this year ahead of the formal filing.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=abakkus-amc-ipo-sunil-singhania-drhp-sebi\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/abakkus-amc-ipo-sunil-singhania-drhp-sebi\/#Why_a_Fully_Offer-for-Sale_Structure_Matters\" title=\"Why a Fully Offer-for-Sale Structure Matters\">Why a Fully Offer-for-Sale Structure Matters<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/abakkus-amc-ipo-sunil-singhania-drhp-sebi\/#What_Abakkuss_Financials_Show\" title=\"What Abakkus&#8217;s Financials Show\">What Abakkus&#8217;s Financials Show<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/abakkus-amc-ipo-sunil-singhania-drhp-sebi\/#Sunil_Singhanias_Profile_and_What_It_Means_for_the_IPO\" title=\"Sunil Singhania&#8217;s Profile and What It Means for the IPO\">Sunil Singhania&#8217;s Profile and What It Means for the IPO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/abakkus-amc-ipo-sunil-singhania-drhp-sebi\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/abakkus-amc-ipo-sunil-singhania-drhp-sebi\/#FAQs\" title=\"FAQs\">FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/abakkus-amc-ipo-sunil-singhania-drhp-sebi\/#What_kind_of_IPO_structure_has_Abakkus_Asset_Manager_filed_for\" title=\"What kind of IPO structure has Abakkus Asset Manager filed for?\">What kind of IPO structure has Abakkus Asset Manager filed for?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/abakkus-amc-ipo-sunil-singhania-drhp-sebi\/#Who_promotes_Abakkus_Asset_Manager\" title=\"Who promotes Abakkus Asset Manager?\">Who promotes Abakkus Asset Manager?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/abakkus-amc-ipo-sunil-singhania-drhp-sebi\/#What_were_Abakkuss_FY26_financials\" title=\"What were Abakkus&#8217;s FY26 financials?\">What were Abakkus&#8217;s FY26 financials?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/abakkus-amc-ipo-sunil-singhania-drhp-sebi\/#How_fast_has_Abakkuss_AUM_grown\" title=\"How fast has Abakkus&#8217;s AUM grown?\">How fast has Abakkus&#8217;s AUM grown?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/abakkus-amc-ipo-sunil-singhania-drhp-sebi\/#Who_are_the_lead_managers_to_the_Abakkus_IPO\" title=\"Who are the lead managers to the Abakkus IPO?\">Who are the lead managers to the Abakkus IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/abakkus-amc-ipo-sunil-singhania-drhp-sebi\/#Will_Abakkus_Asset_Manager_receive_any_proceeds_from_the_IPO\" title=\"Will Abakkus Asset Manager receive any proceeds from the IPO?\">Will Abakkus Asset Manager receive any proceeds from the IPO?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Why_a_Fully_Offer-for-Sale_Structure_Matters\"><\/span><strong>Why a Fully Offer-for-Sale Structure Matters<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Since the entire issue is an offer for sale by Abakkus Expert Professional, the promoter entity, rather than including any fresh issue component, Abakkus Asset Manager itself will not receive any of the IPO proceeds, which will instead go entirely to the selling shareholder.<\/p>\n<p>This structure is common for asset management and financial services companies going public, since such businesses often generate strong free cash flow from fee income and require comparatively little capital investment to grow, reducing the need to raise fresh equity capital through the listing process.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Explore Upcoming IPOs and New Listings on Univest<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Abakkuss_Financials_Show\"><\/span><strong>What Abakkus&#8217;s Financials Show<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Abakkus reported revenue of Rs 796 crore and profit after tax of Rs 327 crore in FY26, implying a net margin of roughly 41 percent, a healthy figure typical of asset management businesses where the primary costs are people and technology rather than physical infrastructure or inventory.<\/p>\n<p style=\"font-style:italic;color:#000000;margin:14px 0;\">Also read &#8211; <a href=\"https:\/\/univest.in\/blogs\/hal-share-price-citi-goldman-sachs-buy-rating-target-price\">HAL Share Price Rises 1% as Citi and Goldman Sachs Stick With Buy Calls, See Up to 27% Upside<\/a><\/p>\n<p>The company&#8217;s non-mutual fund quarterly average assets under management, which likely spans portfolio management services and alternative investment funds, grew at a compound annual rate of 18.39 percent between FY24 and FY26, a pace that an ICRA report cited in the DRHP places among the fastest-growing India-focused asset management platforms in this specific category.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Sunil_Singhanias_Profile_and_What_It_Means_for_the_IPO\"><\/span><strong>Sunil Singhania&#8217;s Profile and What It Means for the IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Sunil Singhania is a well-known figure in Indian equity markets, having built a reputation through his prior career at a major domestic mutual fund house before founding Abakkus, and his personal brand and track record are likely to be a meaningful part of the company&#8217;s pitch to prospective IPO investors.<\/p>\n<p style=\"font-style:italic;color:#000000;margin:14px 0;\">Also read &#8211; <a href=\"https:\/\/univest.in\/blogs\/moodys-india-fy27-gdp-forecast-7-percent-middle-east\">Moody&#8217;s Raises India&#8217;s FY27 GDP Forecast to 7%, Citing Resilience Amid Middle East Conflict<\/a><\/p>\n<p>Investors evaluating this IPO once it opens should focus on the durability of Abakkus&#8217;s AUM growth and fee structure, along with typical risks for asset managers, including performance-linked outflows and key-person dependency risk given the prominence of its founder, details that would be laid out more fully in the red herring prospectus once filed.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"https:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track upcoming asset management and financial services IPOs live.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Abakkus Asset Manager&#8217;s DRHP filing for a fully offer-for-sale IPO gives investors an early look at a fast-growing, Sunil Singhania-led asset management platform with strong FY26 profitability, though the listing timeline and price band are yet to be announced. Investors should review the detailed prospectus once available and consult a SEBI-registered investment adviser before making investment decisions.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_kind_of_IPO_structure_has_Abakkus_Asset_Manager_filed_for\"><\/span><strong>What kind of IPO structure has Abakkus Asset Manager filed for?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The IPO will be entirely an offer for sale of 1.5 crore shares sold by the promoter entity Abakkus Expert Professional, with no fresh issue component.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_promotes_Abakkus_Asset_Manager\"><\/span><strong>Who promotes Abakkus Asset Manager?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The company is promoted by well-known investor Sunil Singhania.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_Abakkuss_FY26_financials\"><\/span><strong>What were Abakkus&#8217;s FY26 financials?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The company reported revenue of Rs 796 crore and profit after tax of Rs 327 crore in FY26.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_fast_has_Abakkuss_AUM_grown\"><\/span><strong>How fast has Abakkus&#8217;s AUM grown?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Its non-mutual fund quarterly average assets under management grew at a compound annual growth rate of 18.39 percent between FY24 and FY26, according to an ICRA report cited in the DRHP.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_are_the_lead_managers_to_the_Abakkus_IPO\"><\/span><strong>Who are the lead managers to the Abakkus IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Axis Capital, ICICI Securities, IIFL Capital and JM Financial are acting as lead managers to the issue.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Will_Abakkus_Asset_Manager_receive_any_proceeds_from_the_IPO\"><\/span><strong>Will Abakkus Asset Manager receive any proceeds from the IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. Since the issue is entirely an offer for sale, all proceeds will go to the selling promoter entity rather than the company itself.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What kind of IPO structure has Abakkus Asset Manager filed for?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The IPO will be entirely an offer for sale of 1.5 crore shares sold by the promoter entity Abakkus Expert Professional, with no fresh issue component.\"}},{\"@type\":\"Question\",\"name\":\"Who promotes Abakkus Asset Manager?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The company is promoted by well-known investor Sunil Singhania.\"}},{\"@type\":\"Question\",\"name\":\"What were Abakkus's FY26 financials?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The company reported revenue of Rs 796 crore and profit after tax of Rs 327 crore in FY26.\"}},{\"@type\":\"Question\",\"name\":\"How fast has Abakkus's AUM grown?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its non-mutual fund quarterly average assets under management grew at a compound annual growth rate of 18.39 percent between FY24 and FY26, according to an ICRA report cited in the DRHP.\"}},{\"@type\":\"Question\",\"name\":\"Who are the lead managers to the Abakkus IPO?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Axis Capital, ICICI Securities, IIFL Capital and JM Financial are acting as lead managers to the issue.\"}},{\"@type\":\"Question\",\"name\":\"Will Abakkus Asset Manager receive any proceeds from the IPO?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. Since the issue is entirely an offer for sale, all proceeds will go to the selling promoter entity rather than the company itself.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Abakkus Asset Manager, led by Sunil Singhania, has filed its DRHP with SEBI for an IPO structured entirely as an offer for sale of 1.5 crore shares.<\/p>\n","protected":false},"author":29,"featured_media":262608,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[6703,6704],"class_list":["post-262609","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-abakkus-amc-ipo","tag-sunil-singhania"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["262608"],"rank_math_title":["Abakkus AMC IPO: Sunil Singhania's Asset Manager Files DRHP"],"rank_math_description":["Abakkus Asset Manager, led by Sunil Singhania, has filed its DRHP with SEBI for an IPO structured entirely as an offer for sale of 1.5 crore shares."],"rank_math_focus_keyword":["Abakkus AMC IPO"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/09\/sunil-singhania-s-abakkus-amc-files-drhp-for-a-fully-offer-for-sale-ipo.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/262609","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=262609"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/262609\/revisions"}],"predecessor-version":[{"id":262610,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/262609\/revisions\/262610"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/262608"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=262609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=262609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=262609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}