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.
· 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.
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