In today’s briefing:
- Aequitas 2025 Asia IPO Pipeline – India
- Guming Holdings (Goodme) Pre-IPO – Refiling Updates – Showing Some Recent Weakness in Margins
- Greaves Electric Mobility Ltd Pre-IPO Tearsheet
- LXJ International IPO Preview
- Crizac Pre-IPO – Expanding Network and Service Portfolio to Drive Growth
- Bloks Group IPO Trading – Strongest HK IPO Demand in Recent Years
Aequitas 2025 Asia IPO Pipeline – India
- In this note, we will take a look at the Asia Pacific IPO pipeline for 2025, following up with a look at India after having looked at Hong Kong earlier.
- This list has been compiled on a best effort basis from tracking the company filings and through various other sources.
- The deals you see in this note are only a part of our full IPO pipeline tracker. Feel free to drop us a message for additional information on these IPOs.
Guming Holdings (Goodme) Pre-IPO – Refiling Updates – Showing Some Recent Weakness in Margins
- Guming Holdings (GUM HK) is looking to raise US$300m in its upcoming Hong Kong IPO.
- Guming Holdings (Guming) sells freshly-made beverages in China. Guming focuses on the mid-priced freshly-made tea beverage market with product prices typically ranging between RMB10-18.
- In our earlier notes, we had looked at the firm’s past performance. In this note, we discuss its refiling updates.
Greaves Electric Mobility Ltd Pre-IPO Tearsheet
- Greaves Electric Mobility Ltd (GEML) (1295040D IN) is looking to raise about US$120m in its upcoming India IPO. The bookrunners for the deal are Motilal Oswal, IIFL, JM fin.
- GEML is a manufacturer of electric vehicles in India, specializing in electric two-wheelers and three-wheelers.
- The company is recognized as one of the pioneers in India’s electric vehicle (EV) market, playing a significant role in driving EV adoption in the country, as per CRISIL Report.
LXJ International IPO Preview
- LXJ International Holdings (LXJ HK) (knowns as Lao Xiang Ji or Home Original Chicken) is getting ready to complete its IPO in Hong Kong in 1H 2025.
- Founded in 1982 by Shu Congxuan, LXJ International specializes in traditional Chinese style chicken dishes. The company is one of the major local players in China’s fast food industry.
- LXJ’s solid growth in sales and profits in the past several years despite weak Chinese economy is a strong reflection of the company’s loyal customers in China.
Crizac Pre-IPO – Expanding Network and Service Portfolio to Drive Growth
- Crizac (CRIZAC IN) is looking to raise US$120m in its upcoming India IPO.
- Crizac is an education platform offering international student recruitment solutions to global institutions of higher education in the United Kingdom, Canada, Republic of Ireland, Australia and New Zealand (ANZ).
- In this note, we talk about the company’s historical performance.
Bloks Group IPO Trading – Strongest HK IPO Demand in Recent Years
- Bloks Group (1850960D CH) is looking to raise US$187m in its Hong Kong IPO.
- Bloks Groups (Bloks) operates in the toy segment where it primarily assembles character and brick-based toys.
- We have covered various aspects of the deal in our previous note. In this note, we will talk about the demand and trading dynamics.
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