In today’s briefing:
- Juniper Hotels Pre-IPO – Has Been Recovering Well
- Fedbank Financial IPO – Strong Sector Momentum, but This One Doesn’t Seem Particularly Compelling
Juniper Hotels Pre-IPO – Has Been Recovering Well
- Juniper Hotels (JH) is looking to raise up to US$217m in its upcoming India IPO.
- Juniper Hotels is the largest owner by no. of keys of Hyatt affiliated hotels in India as of 2Q23 (30th Jun 23), according to Horwath.
- The company is jointly held by Saraf Hotels and its affiliate, Juniper Investments and Two Seas Holdings (an indirect subsidiary of Hyatt Hotels Corporation).
Fedbank Financial IPO – Strong Sector Momentum, but This One Doesn’t Seem Particularly Compelling
- Fedbank Financial Services (0702066D IN) is looking to raise about US$130m in its India IPO.
- Fedbank Financial Services (Fedbank) is a retail-focused non-banking finance company (NBFC) promoted by The Federal Bank Limited.
- In this note, we will look at past performance, and share our thoughts on valuation.
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