Ace investor Madhu Kela owns 8.99% in Sunil Singhania-led Abakkus AMC’s holding company, DRHP shows
SEBI left its position unchanged in an ipo & listings development.
28 Sept 2026 · Economic Times Markets
Ace investor Madhuri Madhusudan Kela holds an 8.99% share of the total capital contribution in Abakkus Expert Professionals LLP, the holding company and promoter of Abakkus Asset Manager. The Sunil Singhania-led asset manager has filed its DRHP with Sebi for an IPO comprising an offer for sale of 15 million shares.
The analysis
SEBI reported movement of 8.99%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Why it matters
- Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
- Promoters buy and sell with more information than anyone; the direction of their conviction is a signal in itself.
- Fund flows and NAV moves show where domestic retail conviction is actually going, month after month.
Related coverage
Jio IPO likely by Oct end at enterprise valuation of above ₹12 trillion
Wizz Financial bets on India with cross-border fintech push, eyes 2029 IPO
Kanohar Electricals soars 20%; stock up 79% from IPO price in three weeks
Vodafone Idea zooms 12% after FPO sees 6x subscription; focus shifts to allotment, listing
PSP Projects share gains 4% on launching Rs 244-crore QIP