Sunil Singhania-led Abakkus Asset Manager is weighing an initial public offering by FY27 and has wrapped up pitches with a clutch of investment banks, with bookrunners expected to be shortlisted in the coming days, according to a report. Abakkus Asset Manager IPO is being evaluated primarily as an offer for sale, with timelines and structure contingent on market conditions, the report added.
Abakkus Asset Manager IPO Contours & Timeline
The proposed listing window is FY27 (April 2026–March 2027), and the firm is expected to pick its BRLM syndicate shortly after recent pitch meetings. While the company is not seen as needing primary capital, the listing is being explored as a way to provide liquidity and retention incentives to employees via monetisation of stock options.
However, Abakkus did not make an official comment on the IPO plans. But people familiar with the matter said that an IPO “becomes a solid wealth-creation event for the overall team,” underscoring the talent-retention rationale.
Business Snapshot and Scale
Founded in 2018 by market veteran Sunil Singhania, Abakkus manages INR 40,795 crore (USD 4.54 billion) in listed Indian equities as of 31 December 2025 and operates across PMS, AIFs, private equity and institutional advisory offerings. The firm has a team strength of 92, reflecting its expansion from a boutique equities platform into a multi-product manager.
Internal documents from the group’s mutual fund arm also show Abakkus migrating from an LLP to a private limited structure and securing a series of regulatory permissions as it broadened product lines through 2024–25, mirroring its push to institutionalise the franchise. A presentation from the AMC cited AUM of INR 39,857 crore as of 31 October 2025 across long-only Indian equity strategies.
In 2025, Abakkus received final approval from SEBI to launch its mutual fund business, enabling it to take its equity style to a wider retail base. At the time, Singhania said the aim was to bring the same rigour and alpha focus that defined its PMS and AIF offerings to the mutual fund arena.
Abakkus Asset Manager IPO: Key Highlights
- IPO under evaluation for FY27; advisors to be shortlisted soon.
- Listing likely via offer for sale; primary capital not a focus currently.
- AUM: INR 40,795 crore as on 31 December 2025; team size about 92.
- Founded in 2018; broadened from PMS/AIFs to PE, advisory and MF.
- SEBI nod for mutual fund business obtained in 2025, expanding retail reach.
- Recent benchmark for AMC listings set by a December 2025 IPO.
Bottomline: Abakkus Asset Manager IPO signals the next phase of institutionalisation for the Singhania-founded platform after a rapid build-out across PMS, AIF and mutual funds. With advisor selection imminent and an OFS-led structure on the table, investors will watch for valuation markers and market conditions as the firm charts its path to the public markets.
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