Steptrade Capital, an investment management entity with Sebi registered SME and micro-cap focused Alternative Investment Funds, deployed approximately Rs 177 crore across nearly 63 IPOs in the last 24 months.
The fund-house’s strategic placements across both the mainboard and SME issues have delivered an average listing gain of about 35 percent underscoring the growing role of home-grown institutional capital in powering India’s IPO pipeline.
Of the total deployment, around Rs 100 crore or 56 per cent was invested in Mainboard IPOs and Rs 77 crore in SME issues. The investments span a diverse mix of high-growth sectors including Infrastructure, Renewable Energy, Logistics, Recycling, and Infotech, reflecting Steptrade’s thesis of identifying scalable, governance-driven businesses at an early stage.
“These SMEs and Microcaps are tomorrow’s market leaders. By backing them early, we enable scale and governance that create long-term value. Smart diversification and timely participation can deliver strong listing gains today and sustainable wealth for investors tomorrow,” said Kresha Gupta, Director & Fund Manager, Steptrade Capital.
The allocations were made through Steptrade’s two flagship funds, Chanakya Opportunities Fund I and Steptrade Revolution Fund I, which together form the core of its SME and Microcap focus.
Chanakya, India’s first SME-Exchange-focused Category II AIF, alone deployed about Rs 95 crore, while Revolution Fund contributed another Rs 82 crore. Through these funds, Steptrade Capital anchored several high-quality IPOs such as Quality Power Electrical Equipments, Fabtech Technologies Cleanrooms, Prostarm Info Systems, Maxvolt Energy, and SAR Televentures.
Its sister fund, Steptrade Revolution Fund I, broadens this mandate by diversifying allocations across a wider pool of issuers, mitigating concentration risk while maintaining exposure to India’s most promising new-age businesses. |
