Analysis, guides and explainers on India's unlisted market — from IPO pipelines to ESOP liquidity.











India's private equity landscape continues to witness growing interest in financial services and asset management businesses. In a significant secondary transaction, Avendus Future Leaders Fund III has acquired a stake worth ₹140 crore in Parag Parikh Financial Advisory Services (PPFAS), purchasing just over 1% equity from promoter Neil Parag Parikh and President Khushboo Joshi.
Renfra Energy India IPO analysis covering its business model, FY26 financials, valuation, order book, growth prospects, key risks, and DRHP insights.
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