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In today’s briefing:
- Mankind Pharma Pre-IPO – The Positives – Diverse Portfolio with Steady past Performance
- Krishna Institute of Medical Sciences (KIMS IN): Improving Operations; Expansion to Drive Growth
- Adani Enterprises US$2.4bn FPO – Updates, Pricing, Structure, Anchor and Some More
- Morning Views Asia: Adani Ports & Special Economic Zone, Azure Power Global Ltd, Lippo Karawaci
Mankind Pharma Pre-IPO – The Positives – Diverse Portfolio with Steady past Performance
- Mankind Pharma is looking to raise about US$1bn in its upcoming India IPO.
- MP is a pharmaceutical company engaged in developing, manufacturing and marketing a range of pharmaceutical formulations across various acute and chronic therapeutic areas, as well as several consumer healthcare products.
- In this note, we talk about the positive aspects of the deal.
Krishna Institute of Medical Sciences (KIMS IN): Improving Operations; Expansion to Drive Growth
- Krishna Institute of Medical Sciences (KIMS IN) is seeing a continued business recovery reflected in improving operating metrics. In Q2FY23, KIMS reported record high quarterly sales, EBITDA, and footfall.
- KIMS is following a disciplined growth strategy and plans to grow into markets that are adjacent to the current core markets of Andhra Pradesh and Telangana.
- KIMS has set foot in a new market of Maharashtra, outside of its core market. With lower margins from acquired assets than matured hospitals, KIMS has scope for margin improvement.
Adani Enterprises US$2.4bn FPO – Updates, Pricing, Structure, Anchor and Some More
- Adani Enterprises is looking to raise INR200bn (US$2.4bn) via a further public offering (FPO). Bookbuild will begin tomorrow (27th Jan 23) and last till the end of the month.
- Adani Enterprises is the flagship company of the Adani Group. The group’s entities’ stock performance over the past few years has made the founder one of the richest persons globally.
- We have covered most aspects of the deal in our earlier note published. In this note, we talk about the recent updates and the deal pricing and structure.
Morning Views Asia: Adani Ports & Special Economic Zone, Azure Power Global Ltd, Lippo Karawaci
Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.
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