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PPFAS ₹18,500 ▼ 3.6% 1M
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PPFAS Unlisted Shares

Parag Parikh Financial Advisory Services

Financial Services Asset Management / Wealth Advisory

Parag Parikh Financial Advisory Services is a Mumbai-based financial services company and the sponsor of PPFAS Mutual Fund. It earns mainly fees and commission income and is profitable and debt-free on a consolidated basis.

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Indicative price
As of 23 Oct 2026
₹18,500 ▼ 3.65% in 1 month
Dealer quotes: ₹18,000 – ₹18,500 across 2 dealers
Key facts

PPFAS share details

Lot size
50 shares
Min. investment
₹925,000
Face value
₹10
Implied market cap
₹16,356 Cr
Shares outstanding
8,840,955
Founded
1992
Headquarters
Nariman Point, Mumbai, Maharashtra
Website
ppfas.com
ISIN
INE0FGC01012
CIN
U67190MH1992PLC068970
Lock-in after IPO
6 months
Price history

PPFAS share price chart

1Y change
+4.23%
High
₹21,000
Low
₹15,950

Indicative off-market dealer quotes, not exchange prices. A flat stretch means the quote did not change on those days.

About

About PPFAS

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 is 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.

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
Financials

PPFAS financial performance

Revenue, profit and balance-sheet figures by fiscal year.

Revenue & PAT (₹ Cr)
Revenue PAT
Metric FY26Latest FY25
Revenue (₹ Cr) 602 429
PAT (₹ Cr) 348 247
PAT Margin (%) 57.75 57.50
RoNW (%) 34.42 38.01
EPS (₹) 447.91 321.45
Total Assets (₹ Cr) 1,072 702
Net Worth (₹ Cr) 1,010 649

Swipe the table sideways for earlier years →

Peer comparison

PPFAS vs listed peers

Company P/E EV / EBITDA Market cap (₹ Cr)
HDFC AMC HDFCAMC 42 35 98,000
Nippon AMC NAM-INDIA 38 30 36,000

Swipe the table sideways for more columns →

Ownership

Shareholding pattern

Promoters
74%
Employees Public
26%
Leadership

Management team

Neil Parikh
Chairman & CEO
Son of founder Parag Parikh; has led PPFAS for over two decades across broking, PMS, and mutual fund operations.
Rajeev Thakkar
CIO & Director
Veteran value investor; manages the flagship Parag Parikh Flexi Cap Fund since inception.
Sahil Parikh
Director
Part of the founding family; involved in strategic oversight.
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Get a live quote on WhatsApp in under 60 seconds. Current price ₹18,500. Shares are delivered to your own demat in 24–48 hours, never to a custodian.

Indicative off-market price, not an exchange quote. Read the disclaimer.

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FAQs

PPFAS unlisted shares: common questions

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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