TVS Supply Chain Solutions IPO - RHP Updates, Peer Comparison & Thoughts on Valuation
TVS Supply Chain Solutions (1915741D IN) is looking to raise up to US$110m in its India IPO, after downsizing from an earlier float of up to US$500m.
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Sona Comstar - Has Its Positives, but We Remain Unconvinced
Sona Comstar aims to raise around US$761m in its Indian IPO. The company is backed by Blackstone, which held a 66.2% stake prior to listing.
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Sona Comstar IPO Initiation: Shifting Gears
Sona Comstar is looking to raise Rs60 bn ($820 m) through an IPO in India. Overall, we think that Sona Comstar is an attractive and alternative...
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Mahindra CIE 3QCY18 Result – Strong Revenue Growth, Temporary Challenges in Europe
In 3QCY18, Mahindra Cie Automotive (MACA IN) Mahindra CIE reported consolidated revenue growth of 23% YoY to Rs 19,300 mn (-2% QoQ), EBITDA growth...
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M.CIE - Strong Organic Led Sales Growth with Steady Operative EBITDAM Expansion in Q3-CY18 & 9M-CY18
Mahindra CIE (M. CIE, owned ~51% by Spanish Parent CIE Automotive) is in the business of manufacturing forgings, castings, stamping and gears. The...
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