ECM Weekly (31st October 2021) - Patym, PolicyBazaar, Nykaa, HeMo, Clover Bio, UJU, Airdoc, Mitratel
Aequitas Research puts out a weekly update on the deals that have been covered by the team recently along with updates for upcoming IPOs.
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PB Fintech (Policybazaar) IPO: Signs of Life
PB Fintech (Policybazaar) will launch its IPO on 01 November to raise up to $764m. The updated prospectus reinforce our view that PB Fintech has...
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Nykaa: Don't Get Tamed by Projected TAM, the Actual TAM Could Be Tame
We estimate that Nykaa's TAM could be much smaller than that projected, suggesting that Nykaa's IPO valuation is excessive. Nykaa can give listing...
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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...
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Nykaa IPO | Can It Make You Rich? (Without Getting Lucky)
Inspired by Naval's legendary thread, this Insight is an attempt to use his analogy to provide a different perspective on Nykaa 's IPO along with...
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