Sunil Singhania-led Abakkus Asset Manager files DRHP with Sebi for IPO
SEBI is in focus in an ipo & listings development for FY26.
· Economic Times Markets, Business Standard Mkts
Sunil Singhania-led Abakkus Asset Manager has filed its DRHP with SEBI for a 15-million-share OFS IPO. The company reported Rs 796 crore revenue and Rs 327 crore PAT in FY26, alongside strong growth in non-mutual fund assets and PMS.
Key facts
- Period
- FY26
The analysis
SEBI reported Rs 796 crore and Rs 327 crore for FY26. 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.
- Fund flows and NAV moves show where domestic retail conviction is actually going, month after month.
- With SEBI involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- The immediate tone of coverage reads positive.
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