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19 Nov 2024
Securities and Exchange Board of India (SEBI) registered Category I Alternative Investment Fund (AIF) Holani Venture Capital Fund, part of merchant banker and stockbroker Holani Consultants in Jaipur, has launched a Rs 400 crore SME-focused fund with a green shoe option of another Rs 100 crore, the company announced on Thursday.
AIFs are privately pooled funds unlike conventional investment instruments. The target investors of the new fund include institutional investors and high-net-worth individuals (HNIs) who seek higher returns and portfolio diversification, the company said in a statement.
“I am thrilled to introduce the Holani Ventures Capital Fund, which signifies our commitment to empowering SMEs and fueling their growth. This milestone further enhances our ability to serve our clients and partners by providing them with access to a diverse range of investment opportunities tailored to their specific needs,” said Ashok Holani, Director, Holani Consultants.
“The fund’s investment strategy remains anchored in meticulous research and prudent risk management principles, ensuring that every rupee invested is poised to yield optimal returns while mitigating downside risks. Through a combination of thorough due diligence, sectoral expertise, and a keen eye for emerging trends, the Holani Venture Capital Fund would identify and capitalize on investment opportunities that promise long-term value creation for each of its clients,” the company said.
Holani Consultants offers services related to the financial markets such as IPO management, business valuation consultancy, financial management and advisory, bank financing, stock broking and other advisory services related to securities market. The company said it has assisted in valuations of more than 100 private placement transactions and handled multiple SME IPOs on the BSE SME and NSE Emerge platforms.
The new venture fund seeks to identify and capitalise on the investment opportunities in the equity markets through a combination of due diligence, sectoral expertise and focus on emerging trends in the market.
The Indian capital markets have remained one of the best performing among emerging markets in FY24 despite geopolitical risks, rising interest rates, and volatile commodity prices, said the Finance Ministry in its latest monthly economic review for February 2024.
From April 2023 to February 2024, 345 companies were listed on stock exchanges. Among these, 179 were SMEs that raised Rs 5,381 crore, hitting a new high while 68 were main board companies (raising Rs 58,745 crore), according to the monthly review.
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