Daily BriefsIndia

Daily Brief India: ADF Foods , Avanse Financial Services and more

In today’s briefing:

  • The Beat Ideas: ADF Foods- A Spicy Investment Opportunity with Growth Potential
  • Avanse Financial Services Pre-IPO – The Positives – Fast Growth in an Expanding Industry
  • Avanse Financial Services Pre-IPO – The Negatives – Immigration Issues


The Beat Ideas: ADF Foods- A Spicy Investment Opportunity with Growth Potential

By Sudarshan Bhandari

  • ADF Foods (ADFL IN) is undergoing significant expansions, including brownfield projects in Nadiad and Nasik, and a greenfield project in Surat.
  • These projects are expected to boost revenue significantly, enhance operational efficiency, and support the company’s growth plans.
  • Company will almost double its revenue in 3 years and similarly PAT will also grow, which makes it attractive on valuation side as well. 

Avanse Financial Services Pre-IPO – The Positives – Fast Growth in an Expanding Industry

By Sumeet Singh

  • Avanse Financial Services is looking to raise up to US$419m in its upcoming India IPO.
  • Avanse Financial Services (AFS) is an education focused non-banking financial company (NBFC) operating in India.
  • In this note, we look at the company’s past performance.

Avanse Financial Services Pre-IPO – The Negatives – Immigration Issues

By Sumeet Singh

  • Avanse Financial Services is looking to raise up to US$419m in its upcoming India IPO.
  • Avanse Financial Services (AFS) is an education focused non-banking financial company (NBFC) operating in India.
  • In this note, we talk about the not-so-positive aspects of the deal.

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