In today’s briefing:
- India Shelter Finance IPO Trading – Subscription Pulled by Strong Insti Demand
- Credo Brands Marketing IPO- Forensic Analysis
India Shelter Finance IPO Trading – Subscription Pulled by Strong Insti Demand
- India Shelter Finance (0570670D IN) raised around US$144m from its India IPO.
- India Shelter Finance (ISF) is a retail-focused HFC targeting the self-employed customer with a focus on first time home loan takers in the low and middle income group.
- We have covered various aspects of the deal in our previous note. In this note, we will talk about the demand and trading dynamics.
Credo Brands Marketing IPO- Forensic Analysis
- Credo Brands (Mufti) (CREDO IN) IPO opens as a full OFS worth INR 5.5 bn.
- The company operates ‘Mufti’ which is one of the renowned brands in Indian Men Casual Fashion category.
- CMBL faces several questions including employee pay vs KMP, accounting for unsold inventory, delay in important payments, conflict of interest with BoD/SMPs etc.
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