Abakkus Asset Manager has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO comprises an offer-for-sale (OFS) of up to 1.5 crore equity shares by promoter, Abakkus Expert Professionals LLP.
Since the issue is entirely an OFS, the company will not receive any proceeds from the offer. The IPO is primarily aimed at providing the company the benefits of listing its equity shares on the stock exchanges. Axis Capital, ICICI Securities, IIFL Capital Services and JM Financial are the book-running lead managers to the issue. Shares of the company are proposed to be listed on the BSE and the NSE.
Abakkus Asset Manager is an India-focused asset management platform offering investment management and advisory services across alternatives, offshore and other products, private equity and mutual funds.
