New Delhi, Aug. 25 -- Recent mega initial public offerings in India have found a new set of takers emerging at the pre-IPO placement stage: family offices.

PI Opportunities Fund, an investment vehicle of Azim Premji's family office Premji Invest, and Alrox Enterprises, the family office of Sun Pharmaceutical's promoters, participated in SBI Funds Management's pre-IPO round, Mint reported recently. Earlier in December, the family offices of Azim Premji and Rakesh Jhunjhunwala participated as anchor investors ahead of ICICI Prudential Asset Management Co.'s IPO.

A February note by Julius Baer highlighted several marquee private-market deals involving family offices, including Patni Family Office's investment in Bombay Shaving Co. Reports ...