In today’s briefing:
- The Beat Ideas- Archean Chemical: The Bromine Leader of India
- India Shelter Finance US$240m Lock-Up Expiry – Multi-Bagger Gains Are Ripe for the Taking
The Beat Ideas- Archean Chemical: The Bromine Leader of India
- Archean Chemical Industries (ACI IN) is largest producer of Bromine and largest exporter of Bromine from India.
- The company is doing brownfield and greenfield capex in Bromine derivatives which are Margin accretive.
- Archean Chemical Industries (ACI IN) is confident about 30% volume growth in FY25.
India Shelter Finance US$240m Lock-Up Expiry – Multi-Bagger Gains Are Ripe for the Taking
- India Shelter Finance (0570670D IN) listed in India on 20th Dec 2023 after raising US$144m. The pre-IPO investors had trimmed a portion of their stakes in the IPO
- India Shelter Finance (ISF) is a retail-focused HFC targeting the self-employed customer with a focus on first time home loan takers in the low and middle income group.
- Coming up for six-month lockup expiry on 18th Jun 2024 are the firm’s pre-IPO shareholders and a portion of the promoters’ stakes.
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