Happy Forgings - Margin Beats Estimate, Led by Better Product Mix
Happy Forgings (HFL)’s 2QFY25 result was encouraging as it reported a healthy EBITDA margin of 29.2% (+190bp YoY, est. 28%) led by a higher mix of...
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Carraro India Pre-IPO - Strategic Partnerships and Related Party Risks
Carraro India Limited is looking to raise about US$216m in its India IPO. In this note, we talk about the company’s historical performance.
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ECM Weekly (17th Dec 2023) - Toyota, Denso, Mankind, Axis, Merdeka, DOMS, India Shelter, Inox
Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.
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Happy Forgings Limited Pre-IPO Tearsheet
Happy Forgings Limited (6596652Z IN) is looking to raise around US$160m in its upcoming India IPO. The firm is a manufacturer of high precision...
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