In today’s briefing:
- Thai Credit Bank IPO Trading – Half the Deal Already Spoken For, the Other Half Should Be Liquid
- Agilus Diagnostics Limited Pre-IPO – Still Recovering from COVID
- SBFC Finance Lockup Expiry – Time to Cash in on Some Hefty Profits
- Entero Healthcare IPO – Profitability Not Out of the Woods Yet
Thai Credit Bank IPO Trading – Half the Deal Already Spoken For, the Other Half Should Be Liquid
- Thai Credit Bank PCL (3674238Z TB) raised around US$281m in its Thailand IPO.
- TCB is a commercial bank that focuses on providing business loans to small and medium-size enterprises (SMEs), nano loans and micro credits to merchants, and home loans for individual customers.
- We had looked at the firm’s past performance and shared our thoughts on TCB’s valuation in earlier notes. In this note, we will look at the trading dynamics.
Agilus Diagnostics Limited Pre-IPO – Still Recovering from COVID
- Agilus Diagnostics Limited (SRLL IN) is looking to raise around US$200m in its upcoming India IPO.
- Agilus Diagnostics Limited (Agilus) is a diagnostic testing service provider.
- In this note, we look at the company’s past performance.
SBFC Finance Lockup Expiry – Time to Cash in on Some Hefty Profits
- SBFC Finance Limited (SBFC IN) raised around US$131m in its India IPO, after the deal was priced at INR57/share. Its six-month lockup will expire on 12th Feb 2024.
- SBFC Finance is a systematically important, non-deposit taking non-banking finance company (NBFC-ND-SI), offering secured MSME Loans and Loans against Gold.
- In this note, we will talk about the lock-up dynamics and updates since our last note.
Entero Healthcare IPO – Profitability Not Out of the Woods Yet
- Entero Healthcare Solutions Limited (2294842D IN) is looking to raise US$193m in its India IPO.
- Entero Healthcare Solutions (Entero) is a healthcare products distributor in India.
- In this note, we will look at the RHP updates, undertake a peer comparison, and share our thoughts on valuation.
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