APAC IPOs & Placements, Aequitas Research

Akshat Shah

APAC IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

Western Carriers / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/western-carriers" target="_blank" data-smartkarma-citation="entities:39869:1" rel="noopener">Western Carriers (1489172D IN)</a> is looking to raise about US$100m in its upcoming India IPO.</li>
<li>Western Carriers (India) Limited (WCIL) was the largest private, multimodal, rail focused, 4PL asset-light logistics company in India in terms of container volumes in FY22, as per 1Lattice.</li>
<li>In this note, we talk about the company’s historical performance.</li>
</ul>



Western Carriers (1489172D IN) is looking to raise about US$100m in its upcoming India IPO.
Western Carriers (India) Limited (WCIL) was the largest private, multimodal, rail focused, 4PL asset-light logistics company in India in terms of container volumes in FY22, as per 1Lattice.
In this note, we talk about the company’s historical performance.


Western Carriers Pre-IPO-Expanding Through a Combination of Asset-Light Model and Own Infrastructure

India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Thematic (Sector/Industry)

<ul>
<li>NTPC to establish Plans New Subsidiary for Nuclear Energy Expansion</li>
<li>Raymond Lifestyle's Strategic Expansion: 900 New Stores in Three Years</li>
<li>L&amp;T Construction Slashes Timelines by 50% with 3D Printing Technology</li>
</ul>


NTPC to establish Plans New Subsidiary for Nuclear Energy Expansion
Raymond Lifestyle's Strategic Expansion: 900 New Stores in Three Years
L&amp;T Construction Slashes Timelines by 50% with 3D Printing Technology


# 53 India Insight: NTPC Nuclear Energy Expansion, Raymond Expansion, HCL Tech New Revenue Stream

<ul>
<li>L&amp;T wins contracts for key grid infrastructure in India, Saudi Arabia, UAE, advancing clean energy.</li>
<li>Airtel re-farms mid-band spectrum to boost 5G speeds and coverage, launching SA technology soon.</li>
<li>Adani Total Gas reports 20% profit rise, driven by higher CNG and PNG sales.</li>
</ul>


L&amp;T wins contracts for key grid infrastructure in India, Saudi Arabia, UAE, advancing clean energy.
Airtel re-farms mid-band spectrum to boost 5G speeds and coverage, launching SA technology soon.
Adani Total Gas reports 20% profit rise, driven by higher CNG and PNG sales.


# 37 India Insight: L&T Wins Contract, Airtel to Boost 5G, Adani Total Gas 20% Profit Rise

Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

<ul>
<li>In Real-time market (RTM) Power volumes surged by 20% in June, reflecting the need for immediate power delivery during sudden high-demand periods.</li>
<li>Indian Govt has extended the blending period of imported coal to Jun-24 to meet the rising demand. </li>
<li>Rising Power demand will create a lot more opportunity across value chain including transformers, cables, smart meters etc.</li>
</ul>


In Real-time market (RTM) Power volumes surged by 20% in June, reflecting the need for immediate power delivery during sudden high-demand periods.
Indian Govt has extended the blending period of imported coal to Jun-24 to meet the rising demand. 
Rising Power demand will create a lot more opportunity across value chain including transformers, cables, smart meters etc.


Thematic Report- Indian Power at Peak: Value Chain Stocks

<ul>
<li>Gautam Adani to Launch Shipbuilding at Mundra Port Amid Global Demand Surge</li>
<li>Hyundai Faces Pressure from Tata and Mahindra Ahead of $3.5 Billion India IPO</li>
<li>Xiaomi plans to double shipments in India, targeting 700 million devices within a decade</li>
</ul>


Gautam Adani to Launch Shipbuilding at Mundra Port Amid Global Demand Surge
Hyundai Faces Pressure from Tata and Mahindra Ahead of $3.5 Billion India IPO
Xiaomi plans to double shipments in India, targeting 700 million devices within a decade


#27 India Insight: Adani to Launch Shipbuilding, Xiaomi Plans to Double Shipment, Hyundai IPO

India

Larsen & Toubro Ltd manufactures engineering equipment, undertakes large scale engineering projects, and acts as the Indian representative for a number of overseas manufacturers of heavy machinery. The Company's products include bulldozers, road rollers, dairy machinery, chemical and pharmaceutical plants, switchgears, food processing machinery and feed milling plants.

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Larsen & Toubro (LTOD LI)

Western Carriers Pre-IPO-Expanding Through a Combination of Asset-Light Model and Own Infrastructure

Western Carriers (India) Limited is looking to raise about US$100m in its upcoming India IPO. In this note, we talk about the company’s historical...

Akshat Shah

# 53 India Insight: NTPC Nuclear Energy Expansion, Raymond Expansion, HCL Tech New Revenue Stream

NTPC creating new subsidiary for nuclear energy expansion, Raymond Lifestyle plans 900 new stores in 3 years, L&T Construction cuts timelines by...

Sudarshan Bhandari

# 37 India Insight: L&T Wins Contract, Airtel to Boost 5G, Adani Total Gas 20% Profit Rise

L&T secures contracts for grid infrastructure, Airtel enhances 5G capabilities, Adani Total Gas sees profit growth from CNG and PNG sales.

Sudarshan Bhandari

Thematic Report- Indian Power at Peak: Value Chain Stocks

Real-time market power volumes surged by 20% in June, highlighting the need for immediate power delivery. This is creating opportunities across...

Nimish Maheshwari

#27 India Insight: Adani to Launch Shipbuilding, Xiaomi Plans to Double Shipment, Hyundai IPO

Adani expands into shipbuilding, Hyundai faces competition in India IPO, Xiaomi aims to double device shipments in India.

Sudarshan Bhandari

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Western Carriers Pre-IPO-Expanding Through a Combination of Asset-Light Model and Own Infrastructure

Western Carriers (India) Limited is looking to raise about US$100m in its upcoming India IPO. In this note, we talk about the company’s historical...

Akshat Shah

# 53 India Insight: NTPC Nuclear Energy Expansion, Raymond Expansion, HCL Tech New Revenue Stream

​NTPC creating new subsidiary for nuclear energy expansion, Raymond Lifestyle plans 900 new stores in 3 years, L&T Construction cuts timelines by...

Sudarshan Bhandari

# 37 India Insight: L&T Wins Contract, Airtel to Boost 5G, Adani Total Gas 20% Profit Rise

​L&T secures contracts for grid infrastructure, Airtel enhances 5G capabilities, Adani Total Gas sees profit growth from CNG and PNG sales.

Sudarshan Bhandari

Thematic Report- Indian Power at Peak: Value Chain Stocks

​Real-time market power volumes surged by 20% in June, highlighting the need for immediate power delivery. This is creating opportunities across...

Nimish Maheshwari

#27 India Insight: Adani to Launch Shipbuilding, Xiaomi Plans to Double Shipment, Hyundai IPO

​Adani expands into shipbuilding, Hyundai faces competition in India IPO, Xiaomi aims to double device shipments in India.

Sudarshan Bhandari

NTPC creating new subsidiary for nuclear energy expansion, Raymond Lifestyle plans 900 new stores in 3 years, L&T Construction cuts timelines by...

L&T secures contracts for grid infrastructure, Airtel enhances 5G capabilities, Adani Total Gas sees profit growth from CNG and PNG sales.

Real-time market power volumes surged by 20% in June, highlighting the need for immediate power delivery. This is creating opportunities across...

Adani expands into shipbuilding, Hyundai faces competition in India IPO, Xiaomi aims to double device shipments in India.