Zomato Lock-Up - Last of the Softbank Selldown
In Aug 2022, Zomato completed the acquisition of 91% of Blinkit’s outstanding shares via issuing its own shares. This has led to two earlier...
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Top Conviction Ideas – “Banks, Financial Services and Insurance (BFSI)”
Banks (incl. SFBs) under our coverage reported a largely in-line performance delivering a credit growth at ~14% YoY, with a continuous and...
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Zinka Logistics IPO - Has Grown Rapidly but Looks Expensive
Zinka Logistics (Blackbuck) is looking to raise about US$130m in its India IPO. In this note, we undertake a quick peer comparison, and discuss our...
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Go Digit IPO Lockup - Promoters and Investors Could Look to Sell in the US$2.1bn Release
Go Digit General Insurance raised US$315m in its India IPO in May 2024, via selling a mix of primary and secondary shares. Its IPO lockup is set to...
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Zinka Logistics Pre-IPO - Continued Financial Underperformance in a Highly Fragmented Market
Zinka Logistics (Blackbuck) is looking to raise around US$130m in its India IPO. In this note, we talk about the company’s historical performance.
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