Veer Growth Fund: Pioneering Pre-IPO Opportunities
Mangal Keshav Financial Services LLP launched the Veer Growth Fund, a Rs 200-crore investment vehicle targeting companies in their pre-IPO phase. The fund aims to leverage valuation opportunities prior to public offering, focusing on firms with a revenue of over Rs 100 crore that are nearing profitability.
- Country:
- India
Mangal Keshav Financial Services LLP has announced the inception of the Veer Growth Fund, with a significant corpus of Rs 200 crore. This fund strategically targets investments in firms during their pre-IPO phase, focusing on anchor rounds and select special situations to maximize value.
As a category-II Alternative Investment Fund (AIF), Veer Growth Fund aims to fill a crucial gap in public markets. The focus is on companies that have achieved key operational milestones and have a clear path to an IPO, yet still offer potential valuation upsides for investors.
Targeting companies with revenues over Rs 100 crore, the fund is set to enhance visibility into business performance and unearth attractive valuation opportunities. Founded in 1939, Mangal Keshav Financial Services boasts over 35,000 clients and manages assets worth more than Rs 5,000 crore across varied financial services.
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