Daily BriefsECM

Daily Brief ECM: MR. D.I.Y. Thailand Pre-IPO – Largest Home Improvement Retailer in Thailand and more

In today’s briefing:

  • MR. D.I.Y. Thailand Pre-IPO – Largest Home Improvement Retailer in Thailand
  • Smartworks Coworking Spaces Pre-IPO – Healthy Revenue Growth Led by Strategic Capacity Expansion
  • Rigaku IPO – The Negatives – Not Every Segment Has Been Performing; Has a Large Overhang as Well
  • Oswal Pumps Pre-IPO Tearsheet


MR. D.I.Y. Thailand Pre-IPO – Largest Home Improvement Retailer in Thailand

By Nicholas Tan

  • Mr. DIY Holding (Thailand) (2472516D TB)  is looking to raise as much as US$300m in its upcoming IPO in Thailand.
  • It is the largest home improvement retailer in Thailand offering value prices i.e. “Always Low Prices” for over 15,000 products across a variety of departments. 
  • In this note, we look at the firm’s past performance.

Smartworks Coworking Spaces Pre-IPO – Healthy Revenue Growth Led by Strategic Capacity Expansion

By Akshat Shah

  • Smartworks Coworking Spaces Ltd (1742134D IN) is looking to raise about US$120m in its India IPO.
  • It is an office experience and managed campus platform, typically focused on leasing entire/large, bare shell properties in prime locations and transforming them into fully serviced, tech-enabled campuses with amenities.
  • In this note, we talk about the company’s historical performance.

Rigaku IPO – The Negatives – Not Every Segment Has Been Performing; Has a Large Overhang as Well

By Clarence Chu

  • Rigaku Holdings (268A JP) is looking to raise US$762m in its Japan IPO.
  • Rigaku engages in developing, manufacturing, sales and servicing scientific instruments specializing in X-ray technologies.
  • In this note, we will talk about the not so positive aspects of the deal.

Oswal Pumps Pre-IPO Tearsheet

By Nicholas Tan

  • Oswal Pumps Limited is looking to raise about US$122m in its upcoming Indian IPO. The deal will be run by IIFL Securities, Axis Capital, CLSA, JMF and Nuvama Wealth Management.
  • Oswal Pumps is the fastest growing vertically integrated solar pump manufacturer in India.
  • The firm manufactures solar-powered and grid-connected submersible and monoblock pumps, electric motors comprising induction and submersible motors as well as solar modules, sold under the ‘Oswal’ brand.

💡 Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • ✓ Unlimited Research Summaries
  • ✓ Personalised Alerts
  • ✓ Custom Watchlists
  • ✓ Company Data and News
  • ✓ Events & Webinars