Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, 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

InterGlobe Aviation Ltd / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/interglobe-aviation-ltd" target="_blank" data-smartkarma-citation="entities:24877:1" rel="noopener">InterGlobe Aviation Ltd (INDIGO IN)</a>’s co-founder Rakesh Gangwal aims to raise around US$250m via selling 2.8% of the company.</li>
<li>He had earlier stated his intention to pare down his stake after a long drawn, and very public battle, with the other co-founder Rahul Bhatia. </li>
<li>In this note, we will talk about the placement and run the deal through our ECM framework.</li>
</ul>



InterGlobe Aviation Ltd (INDIGO IN)’s co-founder Rakesh Gangwal aims to raise around US$250m via selling 2.8% of the company.
He had earlier stated his intention to pare down his stake after a long drawn, and very public battle, with the other co-founder Rahul Bhatia. 
In this note, we will talk about the placement and run the deal through our ECM framework.


Interglobe Aviation (Indigo) Placement - The Beginning of the End of the Overhang

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>
<a href="https://www.smartkarma.com/entities/spicejet-ltd" target="_blank" data-smartkarma-citation="entities:5266:1" rel="noopener">Spicejet Ltd (SJET IN)</a> faces insolvency pleas from lessors and a former pilot amid deepening financial distress and delayed resolution efforts.</li>
<li>
<a href="https://www.smartkarma.com/entities/pepsico-inc" target="_blank" data-smartkarma-citation="entities:4967:1" rel="noopener">Pepsico Inc (PEP US)</a> plans to double India revenue in five years with focused investments in capacity, innovation, and region-specific strategies.</li>
<li>Roshni Nadar becomes the third-richest Indian after receiving a 47% stake in HCL from her father, Shiv Nadar.</li>
</ul>



Spicejet Ltd (SJET IN) faces insolvency pleas from lessors and a former pilot amid deepening financial distress and delayed resolution efforts.

Pepsico Inc (PEP US) plans to double India revenue in five years with focused investments in capacity, innovation, and region-specific strategies.
Roshni Nadar becomes the third-richest Indian after receiving a 47% stake in HCL from her father, Shiv Nadar.


#117 India Insight: SpiceJet Faces Insolvency Heat, PepsiCo Eyes India Growth, Roshni Nadar Rises

<ul>
<li>JSW Renew Energy Signs 700 MW Solar Agreement with NTPC</li>
<li>SC Revives Adani's INR 27,000 Crore Insolvency Resolution for KSK Mahanadi</li>
<li>Zomato Xtreme Relaunches with Renewed Focus on the Food Delivery</li>
</ul>


JSW Renew Energy Signs 700 MW Solar Agreement with NTPC
SC Revives Adani's INR 27,000 Crore Insolvency Resolution for KSK Mahanadi
Zomato Xtreme Relaunches with Renewed Focus on the Food Delivery


# 64 India Insights: JSW ReNew Solar Agreement with NTPC, KSK Mahanadi Insolvency, Zomato Xtreme

<ul>
<li>Paytm and Axis Bank collaborate to enhance POS solutions, integrating advanced card payment devices.</li>
<li>Gland Pharma and Zydus Lifesciences secure key USFDA approvals for new medications.</li>
<li>Tata Consumer announces a Rs 3,000 crore rights issue to bolster financial position and growth.</li>
</ul>


Paytm and Axis Bank collaborate to enhance POS solutions, integrating advanced card payment devices.
Gland Pharma and Zydus Lifesciences secure key USFDA approvals for new medications.
Tata Consumer announces a Rs 3,000 crore rights issue to bolster financial position and growth.


# 33 India Insight: Paytm Collaborates with Axis, Gland Pharma Approval, Tata Consumer Right Issue

<ul>
<li>Goldman Sachs: Coalition Management Key for BJP as Economic Stability Persists</li>
<li>
<a href="https://www.smartkarma.com/entities/zee-entertainment-enterprises" target="_blank" data-smartkarma-citation="entities:19466:1" rel="noopener">Zee Entertainment Enterprises (Z IN)</a> to Raise Rs. 2,000 Crore Following Sony Deal Fallout, <a href="https://www.smartkarma.com/entities/spicejet-ltd" target="_blank" data-smartkarma-citation="entities:5266:1" rel="noopener">Spicejet Ltd (SJET IN)</a> is also planning to raise funds in coming months</li>
<li>RBI Approves <a href="https://www.smartkarma.com/entities/kotak-mahindra-bank-ltd" target="_blank" data-smartkarma-citation="entities:126:1" rel="noopener">Kotak Mahindra Bank (KMB IN)</a>’s 70% Stake Sale in Insurance Arm to Zurich Insurance</li>
</ul>


Goldman Sachs: Coalition Management Key for BJP as Economic Stability Persists

Zee Entertainment Enterprises (Z IN) to Raise Rs. 2,000 Crore Following Sony Deal Fallout, Spicejet Ltd (SJET IN) is also planning to raise funds in coming months
RBI Approves Kotak Mahindra Bank (KMB IN)’s 70% Stake Sale in Insurance Arm to Zurich Insurance


#9 India Insight: Goldman Sachs on India Election, Zee& SpiceJet Fundraise, ITC Demerger

India

SpiceJet Limited is a domestic low-budget air carrier which provides scheduled flights between major cities in India. The Company operates a fleet of Boeing 737 aircraft. E-booking and e-ticketing facilities are available online along with telephone booking. SpiceJet's maintenance support is handled by KLM and technology from Star Navigation, Russel Adams and Tech Log.

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Spicejet Ltd (SJET IN)

Interglobe Aviation (Indigo) Placement - The Beginning of the End of the Overhang

InterGlobe Aviation Ltd (INDIGO IN)’s co-founder Rakesh Gangwal aims to raise around US$250m via selling 2.8% of the company.

Sumeet Singh

#117 India Insight: SpiceJet Faces Insolvency Heat, PepsiCo Eyes India Growth, Roshni Nadar Rises

Spicejet Ltd faces insolvency as financial distress deepens, Pepsico Inc aims to double India revenue, Roshni Nadar becomes third-richest Indian...

Sudarshan Bhandari

# 64 India Insights: JSW ReNew Solar Agreement with NTPC, KSK Mahanadi Insolvency, Zomato Xtreme

JSW Renew Energy partners with NTPC for 700 MW solar project, SC revives Adani's INR 27,000 crore insolvency resolution for KSK Mahanadi, Zomato...

Sudarshan Bhandari

# 33 India Insight: Paytm Collaborates with Axis, Gland Pharma Approval, Tata Consumer Right Issue

Paytm and Axis Bank team up for improved POS solutions, Gland Pharma and Zydus Lifesciences receive USFDA nods, Tata Consumer plans Rs 3,000 crore...

Sudarshan Bhandari

#9 India Insight: Goldman Sachs on India Election, Zee& SpiceJet Fundraise, ITC Demerger

Goldman Sachs highlights importance of coalition management for BJP amid economic stability; Zee and Spicejet to raise funds, RBI approves Kotak...

Sudarshan Bhandari

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Interglobe Aviation (Indigo) Placement - The Beginning of the End of the Overhang

InterGlobe Aviation Ltd (INDIGO IN)’s co-founder Rakesh Gangwal aims to raise around US$250m via selling 2.8% of the company.

Sumeet Singh

#117 India Insight: SpiceJet Faces Insolvency Heat, PepsiCo Eyes India Growth, Roshni Nadar Rises

​Spicejet Ltd faces insolvency as financial distress deepens, Pepsico Inc aims to double India revenue, Roshni Nadar becomes third-richest Indian...

Sudarshan Bhandari

# 64 India Insights: JSW ReNew Solar Agreement with NTPC, KSK Mahanadi Insolvency, Zomato Xtreme

​JSW Renew Energy partners with NTPC for 700 MW solar project, SC revives Adani's INR 27,000 crore insolvency resolution for KSK Mahanadi, Zomato...

Sudarshan Bhandari

# 33 India Insight: Paytm Collaborates with Axis, Gland Pharma Approval, Tata Consumer Right Issue

​Paytm and Axis Bank team up for improved POS solutions, Gland Pharma and Zydus Lifesciences receive USFDA nods, Tata Consumer plans Rs 3,000 crore...

Sudarshan Bhandari

#9 India Insight: Goldman Sachs on India Election, Zee& SpiceJet Fundraise, ITC Demerger

​Goldman Sachs highlights importance of coalition management for BJP amid economic stability; Zee and Spicejet to raise funds, RBI approves Kotak...

Sudarshan Bhandari

Spicejet Ltd faces insolvency as financial distress deepens, Pepsico Inc aims to double India revenue, Roshni Nadar becomes third-richest Indian...

JSW Renew Energy partners with NTPC for 700 MW solar project, SC revives Adani's INR 27,000 crore insolvency resolution for KSK Mahanadi, Zomato...

Paytm and Axis Bank team up for improved POS solutions, Gland Pharma and Zydus Lifesciences receive USFDA nods, Tata Consumer plans Rs 3,000 crore...

Goldman Sachs highlights importance of coalition management for BJP amid economic stability; Zee and Spicejet to raise funds, RBI approves Kotak...