Synopsis:
Many listed IPOs saw strong participation in IPOs from Mutual Fund institutions, namely Ather Energy, HDB Financial, and Schloss Bangalore, making them the top beneficiaries.
According to sources, it is noted that around Rs 5,294 crore is invested in the IPOs during Q1 FY26 by Mutual Fund institutions, where the majority of the concentration was allocated in the small-cap sector.
Here are some of the companies that received inflows from Mutual Fund institutions:
1. Ather Energy
Ather Energy is an Indian company that specializes in electric two-wheelers and offers a range of related products, including software, chargers, and smart accessories. They design many of their key components in-house, although they do outsource some of the manufacturing.
The battery packs are produced in Tamil Nadu, and there’s an exciting new plant on the way in Maharashtra. Ather also has service centers spread across India, Nepal, and Sri Lanka. During Q1FY26 Ather Energy received Rs 1,351 crore from mutual funds during its stock market listing. This shows a strong interest in the electric vehicle sector.
2. HDB Financial
HDB Financial Services is a retail-focused non-banking financial company and a subsidiary of HDFC Bank. It offers loans in three areas: enterprise lending, asset finance, and consumer finance.
The company also provides business process outsourcing services and sells insurance to its borrowers. During Q1FY26, HDB Financial Services received Rs 1,331 crore from mutual funds, showing trust in its finance business.
3. Schloss Bangalore
Schloss Bangalore, operating under ‘The Leela’ brand, proudly manages a collection of 13 luxury hotels across India, with stunning locations in cities like Bengaluru, Chennai, and Delhi.
Their diverse portfolio features owned, managed, and franchised properties. Excitingly, the company has plans to expand into new cities such as Agra, Srinagar, and Mumbai. The funds raised from their IPO will be directed towards paying off debt and supporting general corporate needs. During Q1FY26 Schloss Bangalore(Leela Hotels) received Rs 679 crore from mutual funds, showing investor confidence in the luxury hotel industry.
Written by Satyajeet Mukherjee
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