ECM Weekly (27th August 2023) - ARM, Integral, Doosan, Samhi, JSW, TVS, Zeekr, Coforge, APA
Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.
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Coforge Placement - US$900m Cleanup, Well Flagged but the Stock Is Toppish
Baring aims to raise around US$900m by selling its remaining 26.6% stake in Coforge (COFORGE IN) . In this note, we talk about the deal dynamics...
544 Views
Samhi Hotels Pre-IPO - The Negatives - Peer Comp and Valuation
SAMHI Hotels (SAMHI IN) plans to raise around US$200m (estimated) in its Indian IPO. In this note, we undertake a peer comparison and provide our...
512 Views
NSDL Pre-IPO - The Negatives - Margins Could Drag
National Securities Depository Limited (NSDL) is looking to raise around US$400m in its India IPO. In this note we talk about the not-so-positives...
343 Views
NSDL Pre-IPO - The Positives - Dominant Position, Strong Revenue Growth
National Securities Depository Limited (NSDL) is looking to raise around US$400m in its India IPO. In this note, we talk about the positive aspects...
354 Views