Five-Star Business IPO - RHP Updates and Peer Comparion
Five Star Business Finance is looking to raise around US$250m in its upcoming India IPO. In this note, we talk about the RHP updates and undertake...
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Can Fin Homes – Mortgage Lending Not Totally Safe, In India
The idea that large corporate loans and especially those related to infrastructure projects, are the main credit risk for India’s banks, may be...
393 Views
LIC Housing – Dizzying Gearing, Soaring Bad Loans
The risks are obvious even if it’s housing lending. Debt/equity is 996% for LIC Housing Finance (LICHF IN), higher than any other NBFC in India as...
437 Views
Indian NBFCs - Equity Opportunities: Pessimism Bottoming Out, Time to Accumulate
India’s Non-Banking Financial Corporation (NBFC) liquidity crisis needs no introduction. Post the default of AAA rated IL&FS in Sep 2018 and...
492 Views
IndoStar Capital Finance IPO Review - Loans and Advances Growth Stalled in 1H 2018
IndoStar Capital Finance Ltd (0607155D IN) is looking to raise about US$275m in its upcoming IPO and proceeds will be used to increase capital base...
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