Foreign Investor

Minerva Ventures Fund

Holdings

Recent moves

Style

SME and small-cap equities, largely through IPO anchor allocations

About

A Mauritius-based foreign portfolio investor and an active anchor investor in Indian SME public issues, where it has backed a steady run of listings. It also builds positions in listed small caps. The fund reports through more than one vehicle, including an Indus QRAC strategy, and both sit under the same administrator.

Holdings 32

Iconik Sports And Events Limited

9.31% stake

₹11 Cr

position

Elitecon International Limited

Fundviser Capital (India) Limited

6.33% stake

₹27 Cr

position

Ruchi Infrastructure Limited

Uravi Defence and Technology Limited

URAVIDEF3.24% stake

₹4 Cr

position

Suraj Industries Limited

3.15% stake

₹8 Cr

position

Tembo Global Industries Limited

TEMBO3.15% stake

₹33 Cr

position

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Minerva Ventures Fund portfolio

November 2026 update

As of November 2026, Minerva Ventures Fund holds a stake of over 1% in 32 listed companies. The largest by value are Kesar India, Elitecon International and Axentra Corp. About 43% is in residential, commercial projects companies. In the last 30 days, Minerva Ventures Fund made 12 moves, including 1 exit.

Latest open move, 14 Aug 2026: Minerva Ventures Fund acquired 14.5 crore shares of GACM Technologies for ₹11.02 Cr at ₹0.76 apiece through a QIP, crossing the 5% disclosure threshold to hold a 9.08% stake.

Questions about Minerva Ventures Fund

What stocks does Minerva Ventures Fund own?

As of November 2026, Minerva Ventures Fund holds a stake of over 1% in 32 listed companies. The largest by value are Kesar India, Elitecon International and Axentra Corp. The full list is under Holdings on this page.

What did Minerva Ventures Fund buy or sell recently?

Minerva Ventures Fund acquired 14.5 crore shares of GACM Technologies for ₹11.02 Cr at ₹0.76 apiece through a QIP, crossing the 5% disclosure threshold to hold a 9.08% stake. (14 Aug 2026)

How can I track Minerva Ventures Fund's moves?

Follow Minerva Ventures Fund on WhaleWatch to get an alert the same day a new move appears.