In today’s briefing:
- Aadhar Housing Finance IPO | Takeaways from Branch Visits
- Indegene IPO Trading – High Anchor Quality + Strong Demand, Expect a Pop on Debut
Aadhar Housing Finance IPO | Takeaways from Branch Visits
- Branches visited – Ajmer, Bengaluru, Mandya, Mysuru, Jaipur, Solapur, Pimpri and Pune.
- Business growth is driven by taking calls that peers are reluctant to take with regards to property and incomes.
- Lack of team and increasing competition are primary concerns that also warrant attention.
Indegene IPO Trading – High Anchor Quality + Strong Demand, Expect a Pop on Debut
- Indegene Limited (1864095D IN) raised around US$220m in its India IPO, via selling a mix of primary and secondary shares.
- Indegene is a “digital-first” commercialisation firm with an exclusive focus on the global life sciences industry.
- We had looked at the firm’s past performance and shared our thoughts on Indegene’s valuation in earlier notes. In this note, we will look at the trading dynamics.
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