What cheque size does Religo Commodities Ventures Trust write?

As compiled from public sources: INR ~1-1.5 Cr per SME IPO anchor allocation (observed anchor cheques ~INR 1.0-1.51 Cr)

How do I pitch Religo Commodities Ventures Trust through iHub India?

Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.

Public markets (Cat III) · SEBI registry

Religo Commodities Ventures Trust

Public markets (listed) · Public markets (listed equity) · Ahmedabad

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Contact on file — shared on accepted request

At a glance

Stage focus: Public markets (listed)
Primary sector: Public markets (listed equity)
City: Ahmedabad
HQ / office: Bodakdev, Ahmedabad, Gujarat (Shivarth-The Ace, Sindhu Bhavan Road)
Fund registered: 2023
Website: www.religocapital.com

About

A Category III AIF in the Religo Group founded by Dipen Mandalia (also founder of LKS Bullion); it functions as an SME-IPO anchor investor, having anchored ~10 SME IPOs (Oct 2024-Jun 2025, ~Rs 1.0-1.5 Cr each, all listing positive). The group's merchant-banking/asset-management arm is Religo Capital Advisors (religocapital.com), based at the same Shivarth-The Ace, Sindhu Bhavan, Bodakdev address; registry email [contact on file] is Dipen Mandalia's. Specific anchored company names not reliably attributable from public sources.

Investment focus

Category III AIF acting as an anchor investor in Indian SME IPOs (listed small-cap / SME equity); sectors include electrical equipment, cables & wires, infrastructure, IT hardware, engineering, steel. Not an early-stage startup VC.

Cheque size

INR ~1-1.5 Cr per SME IPO anchor allocation (observed anchor cheques ~INR 1.0-1.51 Cr)

As compiled from public sources — verify with the investor.

SEBI registration

SEBI AIF Category III — reported as “Cat III”

IN/AIF3/23-24/1362

SIDBI Fund of Funds

None found

Team & organisation

Approx 6 professionals at the manager (3 directors + 3 managers/officers listed on Religo Capital site)

Trust-structured Category III AIF (Religo Commodities Ventures Fund) managed by Religo Capital Advisors Private Limited, a SEBI-registered merchant bank/AMC (INM000013271, incorporated Jun-2024, Ahmedabad). Acts primarily as an SME-IPO anchor investor. Related entity: Religo Ventures LLP.

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Frequently asked

What does Religo Commodities Ventures Trust invest in?: Category III AIF acting as an anchor investor in Indian SME IPOs (listed small-cap / SME equity); sectors include electrical equipment, cables & wires, infrastructure, IT hardware, engineering, steel. Not an early-stage startup VC.
What cheque size does Religo Commodities Ventures Trust write?: As compiled from public sources: INR ~1-1.5 Cr per SME IPO anchor allocation (observed anchor cheques ~INR 1.0-1.51 Cr)
How do I pitch Religo Commodities Ventures Trust through iHub India?: Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.

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About this record

⚑ hedge / Cat III (SME-IPO anchor / commodities-linked) — not startup VC

Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.

Sources: https://www.religocapital.com/about/about-us/; https://www.ipoplatform.com/anchor-investor/religo-commodities-venture-trust-religo-commodities-ventures-fund/77