WhiteOak Capital Plans Rs 1,500 Crore IPO

Economic Times Markets · stocks

WhiteOak Capital, founded by former Goldman Sachs executive Prashant Khemka, is planning an initial public offering (IPO) to raise up to ₹1,500 crore. The asset management firm, which manages about $13 billion, could target a valuation of ₹9,000 crore upon listing. This move follows a trend of alternative investment managers tapping public markets for capital. Khemka confirmed the listing plan, stating it is in the long-term interest of attracting and retaining talent.