Daily Brief India: Bank Of India, Shui On Land, Blu-Smart Mobility Pvt , InterGlobe Aviation Ltd and more

• In this note, we will take a look at broker performance for Indian IPOs and placements in 2023. 
• The following dataset includes all Indian IPOs and placements above US$100m, which amounted to a total of 66 deals.
• The deals you see in this note are based on our historical IPO and placement tracker. Feel free to drop us a message for additional information.

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.

• Shui On Land
• Sunny Optical Technology Group
• Vedanta Resources
• Yuexiu Property

• BluSmart Unlike other players in India’s crowded EV scene, BluSmart Mobility does not build its own electric vehicles.
• Instead, the company is a ride-hailing firm that leases EV models like the Tata e-Tigor, MG ZS, and Hyundai Kona to be part of its 5,500-strong fleet.
• But an equally important of BluSmart’s business is its charging infrastructure division.

• InterGlobe Aviation Ltd (INDIGO IN)’s co-founder Rakesh Gangwal’s 25%+ stake will be released from lock-up tomorrow.
• He had earlier stated his intention to pare down his stake. He has sold shares in Sep 2022, Feb 2023 and Aug 2023.
• In this note, we will talk about the lockup dynamics and possible placement.