In today’s briefing:
- Bikaji Foods International IPO – Spicy Snacks
- Fusion Micro Finance IPO – Not Worth the Premium
- Giant Biogene IPO Trading – Demand Was Relatively Better but Still Weak
Bikaji Foods International IPO – Spicy Snacks
- Bikaji Foods (BIKAJI IN), an ethnic snacks company, is looking to raise approximately US$107m in its India IPO.
- Its product range includes six principal categories: bhujia, namkeen, packaged sweets, papad, western snacks as well as other snacks which primarily include gift packs, frozen food, mathri range and cookies.
- In this note, we look at the company’s past performance.
Fusion Micro Finance IPO – Not Worth the Premium
- Fusion Micro Finance Ltd (1053199D IN) is looking to raise approximately US$134m in its India IPO.
- Fusion Micro Finance (FMF) is a non-banking financial company – microfinance institution (NBFC-MFI) that provides financial services to unserved and underserved women in rural and peri-rural areas across India.
- We have looked at the background of the deal in our earlier notes. In this note, we talk about its recent RHP updates, peer comparison and valuations.
Giant Biogene IPO Trading – Demand Was Relatively Better but Still Weak
- Giant Biogene (GB) raised around US$70m by pricing its HK IPO at the low-end.
- GB is a leader in the bioactive ingredient-based professional skin treatment product industry in China.
- We had looked at various aspects of the deal in our previous note. In this note, we will talk about the demand for the deal and other trading dynamics.
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