The IPO is being managed by JM Financial Limited, Citigroup Global Markets India Pvt Ltd, Axis Capital Limited and HSBC Securities and Capital Markets (India) Pvt Ltd, who are acting as the book running lead managers to the offer.
Synopsis JM Financial Asset Management has secured Rs 700 crore in its pre-IPO fund's first close.
This fund targets businesses expected to list publicly within eighteen months.
It received commitments from various investors, including family offices and institutions.
The fund will invest sector-agnostically in companies with strong fundamentals and growth prospects.
JM Financial Asset Management's AIF division enters the growing pre-IPO investment segment.
By PTI XPeers JM Financial Share Price Choice International Share Price IIFL Capital Services Share Price Anand Rathi Share & Stock Brokers Share Price SMC Global Securities Share Price Sep 02, 2026, 09:24:00 PM IST Follow us JM Financial Asset Management Ltd on Wednesday said it has secured Rs 700 crore in the first close of its pre-IPO (initial public offering) fund, which will focus on investing in businesses expected to pursue a public listing within 18 months.ADVERTISEMENT JM Financial India Pre-IPO Fund was launched with a target corpus of Rs 1,500 crore and a green shoe option of up to Rs 1,000 crore.
The fund has received commitments from a range of investors, including ultra-high-net-worth individuals (UHNIs), family offices and institutional investors."The fund remains sector-agnostic and will invest across all stages, with a primary focus on identifying businesses with strong fundamentals, scalable business models and attractive growth prospects," JM Financial Asset Management said in a statement.
This launch marks the entry of JM Financial Asset Management's AIF division into the growing pre-IPO investment segment.
The fund is expected to begin deploying capital soon.
Commenting on the first close, Vishal Kampani, Vice Chairman & Managing Director, JM Financial Ltd, said, "The commitments we received at first close underline investors' growing confidence in backing companies with strong fundamentals in the pre-IPO stage.
Alternative investment funds have transformed into an important avenue for wealth creation, and the pre-IPO segment is emerging as one of the increasingly important trajectories."The company will continue to identify opportunities where it can participate ahead of a company's transition to the public markets, he added.
As of July 2026, JM Financial Asset Management had assets under management (AUM) worth Rs 14,081 crore.
