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

Waaree Renewable Technologies / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/waaree-energies-limited" target="_blank" data-smartkarma-citation="entities:35367:1" rel="noopener">Waaree Energies Limited (0656504D IN)</a> is looking to raise up to US$202m in its upcoming India IPO. The deal will be run by Axis Capital, HSBC, ICICI Securities.</li>
<li>As of Aug 2021, it had 24% market share out of total enlisted capacity as per the Approved List of Models and Manufacturers for solar PV module manufacturing in India</li>
<li>It currently operates three manufacturing facilities comprising four factories in India.</li>
</ul>



Waaree Energies Limited (0656504D IN) is looking to raise up to US$202m in its upcoming India IPO. The deal will be run by Axis Capital, HSBC, ICICI Securities.
As of Aug 2021, it had 24% market share out of total enlisted capacity as per the Approved List of Models and Manufacturers for solar PV module manufacturing in India
It currently operates three manufacturing facilities comprising four factories in India.


Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

<ul>
<li>Metro Brands (MB), an Indian footwear retailer targeting the economy, mid and premium segments, raised around US$182m in its India IPO. </li>
<li>As of Sep 21, it operated 598 stores across 136 cities spread across 30 states and union territories in India.</li>
<li>In this note, we talk about the demand and trading dynamics.</li>
</ul>


Metro Brands (MB), an Indian footwear retailer targeting the economy, mid and premium segments, raised around US$182m in its India IPO. 
As of Sep 21, it operated 598 stores across 136 cities spread across 30 states and union territories in India.
In this note, we talk about the demand and trading dynamics.


Metro Brands IPO Trading - Lukewarm Demand, Peers Have Corrected

CE Info Systems (MapmyIndia) / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/ce-info-systems-mapmyindia" target="_blank" data-smartkarma-citation="entities:34215:1" rel="noopener">CE Info Systems (MapmyIndia) (1052633Z IN)</a> raised around US$138m in its India IPO.</li>
<li>CE Info Systems is India’s leading provider of advanced digital maps, geospatial software and location-based IoT Technologies, as per Frost &amp; Sullivan (F&amp;S).</li>
<li>In our view, the best way to value the firm would be to compare it against its India peers which, based on our assumptions, provide an upside potential of 70.5-80.6%.</li>
</ul>



CE Info Systems (MapmyIndia) (1052633Z IN) raised around US$138m in its India IPO.
CE Info Systems is India’s leading provider of advanced digital maps, geospatial software and location-based IoT Technologies, as per Frost &amp; Sullivan (F&amp;S).
In our view, the best way to value the firm would be to compare it against its India peers which, based on our assumptions, provide an upside potential of 70.5-80.6%.


CE Info Systems (MapmyIndia) IPO Trading - Poised for a Solid Debut

Sahajanand Medical Technologies Ltd / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/sahajanand-medical-technologies-ltd" target="_blank" data-smartkarma-citation="entities:35324:1" rel="noopener">Sahajanand Medical Technologies Ltd (544309Z IN)</a> is looking to raise US$202m in its upcoming India IPO. The deal will be run by Axis Capital, Bank of America, Edelweiss and UBS.</li>
<li>Sahajanand Medical Technologies is a medical devices company that researches, designs, develops, manufactures and markets vascular devices.</li>
<li>The product portfolio is led by its flagship coronary stent, Supraflex Cruz, where the product had been implanted in over 400,000 patients globally as of Mar 2021.</li>
</ul>



Sahajanand Medical Technologies Ltd (544309Z IN) is looking to raise US$202m in its upcoming India IPO. The deal will be run by Axis Capital, Bank of America, Edelweiss and UBS.
Sahajanand Medical Technologies is a medical devices company that researches, designs, develops, manufactures and markets vascular devices.
The product portfolio is led by its flagship coronary stent, Supraflex Cruz, where the product had been implanted in over 400,000 patients globally as of Mar 2021.


Sahajanand Medical Technologies Pre-IPO Tearsheet

External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

External broker reports(aggregated public sources)

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Metro brand has evolved in a one-stop shop for all footwear needs by retailing wide range of branded products for the entire family and for every occasion</li><li>Company primarily follows COCO model through its own multi branded outlets (MBO) and exclusive outlets (EBO)</li><li>Metro Brands is among the aspirational Indian brand in footwear category which majorly caters to economic to premium category of footwear</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Metro brand has evolved in a one-stop shop for all footwear needs by retailing wide range of branded products for the entire family and for every occasionCompany primarily follows COCO model through its own multi branded outlets (MBO) and exclusive outlets (EBO)Metro Brands is among the aspirational Indian brand in footwear category which majorly caters to economic to premium category of footwearContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Metro Brands: Pan India Footwear Player with Strong Brand Portfolio

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)

Waaree Energies Pre-IPO Tearsheet

Waaree Energies Limited (0656504D IN) is looking to raise up to US$202m in its upcoming India IPO. The deal will be run by Axis Capital, HSBC,...

Clarence Chu

Metro Brands IPO Trading - Lukewarm Demand, Peers Have Corrected

Metro Brands (MB), an Indian footwear retailer targeting the economy, mid and premium segments, raised around US$182m in its India IPO. In this...

Sumeet Singh

CE Info Systems (MapmyIndia) IPO Trading - Poised for a Solid Debut

CE Info Systems (MapmyIndia) (1052633Z IN) raised around US$138m in its India IPO. Past deals with similar strong subscription rates have performed...

Clarence Chu

Sahajanand Medical Technologies Pre-IPO Tearsheet

Sahajanand Medical Technologies Ltd (544309Z IN) is looking to raise US$202m in its upcoming India IPO. The deal will be run by Axis Capital, Bank...

Clarence Chu

Metro Brands: Pan India Footwear Player with Strong Brand Portfolio

Metro brand has evolved in a one-stop shop for all footwear needs by retailing wide range of branded products for the entire family and for every...

ICICI Securities Limited

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