Against this backdrop, Ahmedabad-based Shaan Patel Asset Management (SPAM) has launched the Quant IPO Opportunity Fund, a Category III Alternative Investment Fund (AIF) targeting a corpus of ₹250 crore.
The fund, which has launched with an initial commitment of ₹20 crore, will invest across Mainboard and SME IPOs through Anchor Investor and Qualified Institutional Buyer (QIB) allocations using a quantitative investment framework.
The launch reflects a broader shift underway in India’s primary markets, where institutional and sophisticated investors are focusing on valuation discipline, sectoral positioning and earnings visibility rather than purely chasing subscription trends or short-term listing gains.
Unlike conventional IPO investing, which is often driven by market sentiment around listings, the strategy adopted by Shaan Patel Asset Management aims to combine quantitative models with fundamental research to evaluate businesses across parameters such as valuation comfort, financial strength, liquidity conditions and long-term growth potential.
The fund is expected to focus on companies operating in sectors such as artificial intelligence, fintech, defence, renewable energy, electric vehicles and semiconductors — areas that continue to attract investor interest amid India’s broader manufacturing, technology and digital economy push.
“India’s primary markets are entering a new phase of maturity, with an increasing number of high-quality businesses choosing public markets to fund their next phase of growth,” said Shaan Patel, Founder and Chief Investment Officer of Shaan Patel Asset Management. “While IPO investing has traditionally been driven by subscription numbers and listing gains, we believe long-term wealth creation requires disciplined research, valuation-led investing and a robust quantitative framework.”
ALSO READ | New ICICI Prudential Fund seeks stability through equity-debt allocation
