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PPFAS
₹17,850
▼ 2.2% 1M
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PPFAS
Financial Services Asset Management / Wealth Advisory

PPFAS Unlisted Shares

Parag Parikh Financial Advisory Services

Parag Parikh Financial Advisory Services Limited (PPFAS) is a Mumbai-based financial services company founded in 1992 by the late Parag Parikh. It is the sponsor of PPFAS Mutual Fund, which manages the flagship Parag Parikh Flexi Cap Fund — one of India's largest actively managed equity funds with AUM exceeding ₹1 lakh crore. The company offers stock broking, Portfolio Management Services (PMS), and financial advisory to retail and institutional investors. PPFAS is known for its long-term value investing philosophy, low churn, and transparent, investor-first approach.

INDICATIVE PRICE
₹17,850 .00
▼ 2.19% · 1 Month
52W Low
₹10,000
₹17,850
52W High
₹19,000
Buy Now Sell Now
Face Value
₹10
Market Cap
₹1,381,400 Cr
ISIN
INE0FGC01012
Price History

PPFAS Price Chart

Current
₹17,850.00
Period Change
-2.19%
High
₹18,250.00
Low
₹17,850.00
About

PPFAS — the company.

Parag Parikh Financial Advisory Services Limited (PPFAS) is a Mumbai-based financial services company founded in 1992 by the late Parag Parikh. It is the sponsor of PPFAS Mutual Fund, which manages the flagship Parag Parikh Flexi Cap Fund — one of India's largest actively managed equity funds with AUM exceeding ₹1 lakh crore. The company offers stock broking, Portfolio Management Services (PMS), and financial advisory to retail and institutional investors. PPFAS is known for its long-term value investing philosophy, low churn, and transparent, investor-first approach.
IPO Outlook

When’s the PPFAS IPO?

PPFAS has shown no active IPO intent, but its exponential AUM growth — from ₹68,453 Cr in FY24 to ₹1,06,357 Cr in FY25 — makes it one of the most attractively valued AMC-adjacent unlisted opportunities. Any public listing would draw significant interest given the brand's cult following among retail investors.
Valuation Compass

How PPFAS stacks against listed peers.

Company P/E EV / EBITDA
HDFC AMC HDFCAMC 42 35
Nippon AMC NAM-INDIA 38 30
Ownership

Shareholding.

Promoters
74%
Employees Public
26%
Leadership

Management team.

N
Neil Parikh
Chairman & CEO
Son of founder Parag Parikh; has led PPFAS for over two decades across broking, PMS, and mutual fund operations.
R
Rajeev Thakkar
CIO & Director
Veteran value investor; manages the flagship Parag Parikh Flexi Cap Fund since inception.
S
Sahil Parikh
Director
Part of the founding family; involved in strategic oversight.
✓

Strengths

  • +Sponsor of PPFAS Mutual Fund — AUM crossed ₹1.06 lakh Cr in FY25, up 55% YoY
  • +Flagship Parag Parikh Flexi Cap Fund is one of India's largest actively managed equity schemes
  • +Strong brand trust built on transparent, value-investing philosophy since 1992
  • +Consistent track record of long-term outperformance across market cycles
  • +Low expense ratios and investor-first culture drive sticky AUM base
!

Risks

  • −Concentrated AUM in equity mutual funds — market downturns impact revenue significantly
  • −Unlisted; no clear IPO timeline announced
  • −High per-share price limits retail investor participation in unlisted market
  • −Dependence on flagship scheme performance for continued AUM inflows
!

Important Disclaimer

Unlisted shares are not traded on stock exchanges. Prices shown are indicative and based on off-market transactions; they may differ from eventual listing or future market prices. Exit liquidity depends on counter-party availability. SEBI mandates a 6-month lock-in on pre-IPO shares post-listing. Gains held beyond 24 months are taxed at 12.5% LTCG (no indexation). IPO Guru is not a SEBI Registered Investment Advisor. Information here is for general awareness, not personalised investment advice. Please consult your tax advisor before investing.

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