APAC IPOs & Placements, Aequitas Research

Clarence Chu

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

Campus Activewear / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/campus-activewear-ltd" target="_blank" data-smartkarma-citation="entities:35877:1" rel="noopener">Campus Activewear Ltd (1535013D IN)</a> is looking to raise about US$200m in its India IPO, via a 100% secondary selldown.</li>
<li>Campus Activewear is a lifestyle-oriented sports and athleisure footwear firm based in India. </li>
<li>Operating under the “CAMPUS” brand, the firm offers a diverse portfolio of styles, color palettes, and price points.</li>
</ul>



Campus Activewear Ltd (1535013D IN) is looking to raise about US$200m in its India IPO, via a 100% secondary selldown.
Campus Activewear is a lifestyle-oriented sports and athleisure footwear firm based in India. 
Operating under the “CAMPUS” brand, the firm offers a diverse portfolio of styles, color palettes, and price points.


Campus Activewear Pre-IPO - Synergistic Business Model, but in a Fragmented Industry

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

Rainbow Children's Medicare / Equity Capital Markets

<ul>
<li>Rainbow Children’s Hospital (RCH) aims to raise around US$250m via issuing a mix of primary and secondary shares in its India IPO.</li>
<li>RCH is a multi-specialty pediatric and obstetrics and gynecology hospital chain in India, operating 14 hospitals and three clinics in six cities, with a total bed capacity of 1,500 beds.</li>
<li>In this note, we will talk about the company's past performance.</li>
</ul>


Rainbow Children’s Hospital (RCH) aims to raise around US$250m via issuing a mix of primary and secondary shares in its India IPO.
RCH is a multi-specialty pediatric and obstetrics and gynecology hospital chain in India, operating 14 hospitals and three clinics in six cities, with a total bed capacity of 1,500 beds.
In this note, we will talk about the company's past performance.


Rainbow Children’s Hospital Pre-IPO - Still Growing but Not All Regions Have Been Performing

<ul>
<li>Fabindia is a consumer lifestyle platform with a 62-year legacy focused on authentic, sustainable and Indian traditional lifestyle products. It is looking to raise around US$500m in its India IPO.</li>
<li>Fabindia offers a diverse portfolio of lifestyle products to its customers across Apparel and Accessories, Home and Lifestyle, Personal Care and Organic Food categories. </li>
<li>In this note, we will talk about the positive aspects of the deal.</li>
</ul>


Fabindia is a consumer lifestyle platform with a 62-year legacy focused on authentic, sustainable and Indian traditional lifestyle products. It is looking to raise around US$500m in its India IPO.
Fabindia offers a diverse portfolio of lifestyle products to its customers across Apparel and Accessories, Home and Lifestyle, Personal Care and Organic Food categories. 
In this note, we will talk about the positive aspects of the deal.


Fabindia Pre-IPO - The Positives - Strong Urban Brand

<ul>
<li>
<a href="https://www.smartkarma.com/entities/adani-wilmar" target="_blank" data-smartkarma-citation="entities:34763:1" rel="noopener">Adani Wilmar (6596700Z IN)</a> raised around US$500m in its India IPO.</li>
<li>Anchor quality wasn't the greatest, in our view, and were the firm to trade towards its peers' trailing average, it would imply a 21.8% downside potential. </li>
<li>In this note we will talk about the subscription levels and trading dynamics.</li>
</ul>



Adani Wilmar (6596700Z IN) raised around US$500m in its India IPO.
Anchor quality wasn't the greatest, in our view, and were the firm to trade towards its peers' trailing average, it would imply a 21.8% downside potential. 
In this note we will talk about the subscription levels and trading dynamics.


Adani Wilmar IPO Trading - Listing Sentiment Isn’t the Greatest

<ul>
<li>
<a href="https://www.smartkarma.com/entities/adani-wilmar" target="_blank" data-smartkarma-citation="entities:34763:1" rel="noopener">Adani Wilmar (6596700Z IN)</a> is looking to raise up to US$482m in its upcoming India IPO.</li>
<li>In our view, we doubt that the firm would be able to trade close to its blue chip FMCG peers, given its small FMCG component combined with overall weaker margins.</li>
<li>In this note, we will look at updates since our last note, undertake a peer comparison, and share our thoughts on valuation.</li>
</ul>



Adani Wilmar (6596700Z IN) is looking to raise up to US$482m in its upcoming India IPO.
In our view, we doubt that the firm would be able to trade close to its blue chip FMCG peers, given its small FMCG component combined with overall weaker margins.
In this note, we will look at updates since our last note, undertake a peer comparison, and share our thoughts on valuation.


Adani Wilmar IPO - Has the Capabilities to Thrive but Needs to Prove Itself to Trade Higher

India

Metro Brands Limited designs and manufactures footwear. The Company offers men's and women's footwear, footcare products, and related accessories. Metro Brands serves customers in India.

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Metro Brands (METROBRA IN)

Campus Activewear Pre-IPO - Synergistic Business Model, but in a Fragmented Industry

Campus Activewear Ltd (1535013D IN) is looking to raise about US$200m in its India IPO, via a 100% secondary selldown. Campus Activewear is a...

Clarence Chu

Rainbow Children’s Hospital Pre-IPO - Still Growing but Not All Regions Have Been Performing

Rainbow Children’s Hospital (RCH) aims to raise around US$250m via issuing a mix of primary and secondary shares in its India IPO.

Sumeet Singh

Fabindia Pre-IPO - The Positives - Strong Urban Brand

Fabindia is a consumer lifestyle platform with a 62-year legacy focused on authentic, sustainable and Indian traditional lifestyle products. It is...

Sumeet Singh

Adani Wilmar IPO Trading - Listing Sentiment Isn’t the Greatest

Adani Wilmar (6596700Z IN) raised around US$500m in its India IPO. In this note we will talk about the subscription levels and trading dynamics.

Clarence Chu

Adani Wilmar IPO - Has the Capabilities to Thrive but Needs to Prove Itself to Trade Higher

Adani Wilmar is looking to raise up to US$482m in its India IPO. In this note, we will look at updates since our last note, undertake a peer...

Clarence Chu

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52-week Range

Market Cap (USDm)

P/E

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