Sapphire Foods IPO - Delivery Growing, Stores Shrinking
Sapphire Foods Limited, one of Yum Brand’s franchisee in the Indian subcontinent, aims to raise around US$280m in its Indian IPO. It operates KFC,...
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Paytm (One 97) IPO - RHP Updates - Better Disclosures, Signs of Turning Around
Paytm (PAYTM IN) plans to raise around US$2.5bn in its India IPO. The company is backed by Ant Fin, Softbank Group (9984 JP) and counts Berkshire...
118 Views
PB Fintech (Policybazaar) IPO - Increasing Competition Will Keep Ad Spending High
PB Fintech, India’s largest online platform for insurance and lending products, aims to raise up to US$793m in its India IPO. The company is backed...
156 Views
FSN E-Commerce (Nykaa) IPO - Beauty Showing Signs of Improvement but Its Too Expensive for Our Taste
FSN E-commerce (Nykaa) aims to raise around US$720m in its Indian IPO. In this note, we will look at the recent updates and valuation.
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Reliance Industries (Results Review 2QFY22): Continues to show promise. Maintain ADD
We use EV/EBITDA to value downstream at Sep-23E EV/e, retail on peer benchmarked EV/e and E&P and Jio on DCF. The stock is currently trading at...
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