SBFC Finance IPO - RHP Updates, Peer Comparison and Thoughts on Valuation
SBFC Finance Limited (1547353D IN) is looking to raise up to US$131m in its India IPO. In this note, we talk about RHP updates, undertake a peer...
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Home First Finance (HOMEFIRS IN) | Irrelevant Mission, Fading Moat
HOMEFIRS IN is a tech-driven HFC targeting first-time homebuyers in low/middle-income groups. We question the relevance of being the fastest...
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Five Star Business Finance (FIVESTAR IN) | A Five Star Business
FIVESTAR focuses on in-house sourcing, strong collections, and risk management for robust asset quality and offers growth potential despite trading...
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Five Star IPO Lock-Up - Over US$1.3bn Lockup Release with Less than US$1m ADV
Five Star Business Finance (FIVESTAR IN) raised around US$190m in its India IPO in Nov 2022. Its US$1.3bn worth IPO lockup expiry is coming up soon.
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Housing Finance: New market structures open up investment universe
India’s home loan (HL) market (INR26trn, 17% of overall credit) is poised to double by FY28E on the back of secular trends around improving...
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