IPO Update: Pantomath launches maiden ₹500-crore pre-IPO fund

IPO Update: Pantomath launches maiden ₹500-crore pre-IPO fund In its maiden close-ended series, Pantomath Group announced the first close of its pre-IPO fund, India Inflection Opportunity Fund ("IIOF" or "Fund"), with a target of raising 500 crore and an additional green shoe option of 250 crore. Pantomath Capital Management Private Ltd manages IIOF, a category II Alternative Investment Fund ('AIF'). The fund allows investors to invest in Indian growth stage enterprises on the cusp of a significant breakthrough at the pre-IPO stage, allowing them to invest with a clear focus on value arbitrage without accepting long-term risks. "The Fund will invest in a variety of pre-IPO possibilities in three major themes, all of which are aligned with India's growing economy: (a) Make in India; (b) Rural Consumption; and (c) Impact Investing," according to the firm. "The India Inflection Opportunity Fund focuses on underserved firms with a strong foundation and a clear growth path." We'd prefer to concentrate on businesses with a large addressable market opportunity, avoiding businesses with negative cash flows and bleeding balance sheets. Ms. Madhu Lunawat, Fund Manager, says, "Our India Inflection Opportunity Fund will give growth capital to various firms through active ownership method." The fund has reported that nearly a quarter of its target corpus has been closed, with participation from marquee anchor investors such as global and domestic family offices and high-net-worth individuals. The fund has launched its first investment and closed its first transaction with Inventys Research Firm Private Ltd, a specialty chemical CSM company, according to the company. The fund attempts to capitalize on pre-IPO investment possibilities in Indian growth-stage companies. It would invest in a variety of pre-IPO possibilities under the Make in India, rural consumption, and impact investment themes. It has attracted investment from international and domestic family offices, as well as high-net-worth individuals. IIOF's Fund Manager, Madhu Lunawat, stated that the fund is focused on under-penetrated enterprises with a solid basis and a clear growth trajectory. "Ventures with negative cash flows and bleeding balance sheets will be avoided by the fund." "Through an active ownership model, it will supply growth capital to numerous firms," she explained.