Devyani IPO Trading - Strongest of the Lot
Devyani International Limited (DIL), Yum Brand’s largest franchisor in India, raised around US$250m via its Indian IPO. In this note we will talk...
222 Views
Aptus Value Housing Finance IPO - Valuation Is Too Rich, Especially with an Over-Capitalised Book
Aptus Value Housing Finance aims to raise around US$375m in its India IPO. It is backed by a host of investors including WestBridge, Malabar...
254 Views
Nuvoco Vistas IPO - Don’t See Any Strong Reason to Buy
Nuvoco Vistas (NV) aims to raise around US$673m in its India IPO. It is promoted by the Nirma Group and has recently acquired Emami’s cement business.
248 Views
Cartrade Tech IPO - Too Expensive for Our Taste
CarTrade Tech aims to raise around US$400m in its India IPO, via a 100% secondary selldown. The company is backed by Warburg Pincus and Temasek.
210 Views
HDFC Ltd – Just Getting Worse
HDFC: HDFC reported FY 1Q22 QOQ core result decline of 9.9%. Net new NPLs increased 65.5% annualized basis; HDFC’s reserve needs shoring up INR 83...
165 Views