Mumbai-based Financial Services Firm, Pantomath Group has launched India Inflection Opportunity Fund (IIOF), a Rs 500-crore pre-IPO fund with a green-shoe option to take an additional Rs 250 crore.
The closed-ended fund has already received 120-125 crore in investments and made its first investment in Inventys Research Company, a speciality chemical bespoke synthesis and production firm.
IIOF, a Category-II alternative investment fund (AIF), intends to capitalise on the potential to engage in Indian development stage enterprises on the cusp of a large breakout at a pre-IPO stage, therefore investing with a clear focus on value arbitrage while avoiding long-term risk.
The fund will invest in a variety of pre-IPO possibilities in three major themes: Make in India, Rural Consumption, and Impact Investing, all of which are linked with India’s growing economy.
IIOF is managed by Pantomath Capital Management.
The firm has developed commercial capabilities to undertake important chemical processes, supported by six modern manufacturing units and a seven-acre R&D site in Nagpur, Maharashtra. The firm has also acquired 17 acres of additional property, which can accommodate 30 more plants.
“India Inflection Opportunity Fund is focused on under-penetrated businesses with established foundations and visible growth trajectory. We would like to focus on the huge addressable market opportunity, avoiding ventures with negative cash flows and bleeding balance sheets. Our fund will provide the growth capital to various enterprises through an active ownership approach,” said Madhu Lunawat, Fund Manager of IIOF
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