Daily Brief India: Aadhar Housing Finance Ltd, Smartworks Coworking Spaces Ltd, Zomato, Tata Steel Ltd and more

• This Insight focuses on lenders operating in the affordable housing space.
• Companies in focus are Aavas Financiers Ltd (AAVAS IN);  Home First Finance (HOMEFIRS IN) & Aptus Value Housing Finance India (APTUS IN). 
• Recent IPOs of Aadhar Housing Finance Ltd (1218027D IN) & India Shelter Finance (0570670D IN)  are also covered. 

• Smartworks Coworking Spaces Ltd (1742134D IN) is looking to raise about US$120m in its upcoming India IPO. The deal will be run by Kotak, JM Fin, IIFL and Bob Caps.
• Smartworks Coworking Spaces Limited (SCSL) is an office experience and managed campus platform. 
• It focuses on leasing entire/ large, bare shell properties in prime locations from landlords and transforms them into fully serviced, aesthetically pleasing and tech-enabled campuses with daily-life and aspirational amenities.

• In this insight, we take a look at the Potential ADDs/DELs for the BSE SENSEX, 100, and 200 indices in the December 2024 index rebal event.
• We see four expected ADDs/DELs for BSE 100 and six expected ADDs/DELs for BSE 200.
• The BSE 100 handling rules for names without futures and options (F&O) sometimes punish companies that have enjoyed good share price rallies and Zomato could fall into such a trap.

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.

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• Tata Steel Thailand