MFI Consultation Paper: Incrementally positive for NBFC-MFIs
We reiterate CREDAG as our top idea that is likely to benefit from the RBI's revised proposals while we expect BANDHAN and UJJIVAN within our...
145 Views
India – Not Time
There are discreet risks in India related to the impact of poor air quality and the syndemic, but also with respect to pre-existing financial...
199 Views
ESAF Small Finance Bank Pre-IPO - Growing Fast but Remains Highly Dependant on a Related Party
ESAF Small Finance Bank (ESAFSFB from hereon) aims to raise up to US$150m in its India IPO. Its roots can be traced back to the 90’s even though...
375 Views
Ujjivan/Ujjivan Small Finance Bank - The Road to a Zero Holdco Discount Will Yield 68%+ Upside
In Dec 2019, Ujjivan Small Finance Bank (USFB IN) raised around US$105m in its Indian IPO. USFB is the small finance banking arm of Ujjivan...
410 Views
Equitas Holding/Small Finance Bank Pre-IPO - Valuation And Pre-Listing Trade Idea
Equitas Small Finance Bank (ESFB) plans to raise up to US$150m via selling a mix of primary and secondary shares in its Indian IPO. In my earlier...
350 Views