In today’s briefing:
- The Beat Ideas: Aarti Industries Ltd.- Capex, Growth, Value Addition!
- Rubicon Research Pre-IPO Tearsheet
The Beat Ideas: Aarti Industries Ltd.- Capex, Growth, Value Addition!
- Aarti Industries (ARTO IN) is planning a huge capex of 2500 Cr, which will increase their PPE by more than 50% from current CWIP and new capex.
- Company is targeting 1450 to 1700Cr EBITDA in next year which is almost 1.5x to 2x of the existing EBITDA.
- Introducing new products in the value chain, which has high-value added and high margins.
Rubicon Research Pre-IPO Tearsheet
- Rubicon Research Limited (1453591D IN) is looking to raise about US$130m in its upcoming India IPO. The deal will be run by Axis, IIFL, JM Fin and SBI Caps.
- Rubicon Research is a pharmaceutical formulations company with an increasing portfolio of specialty products and drug-device combination products targeting regulated markets, particularly, the United States.
- It was ranked among the top 10 Indian companies, in terms of total Abbreviated New Drug Application (ANDA) approvals, as per Frost & Sullivan (F&S).
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