In today’s briefing:
- Aequitas India IPOs + Placements Broker Performance 2023
- Morning Views Asia: Shui On Land, Sunny Optical Technology Group, Vedanta Resources, Yuexiu Property
- BluSmart raises $24m to develop large-scale EV charging hubs
- Interglobe Aviation (Indigo) Lockup – Still Has US$3bn+ Stake Left, After Three Prior Selldowns
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Aequitas India IPOs + Placements Broker Performance 2023
- 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.
Morning Views Asia: Shui On Land, Sunny Optical Technology Group, Vedanta Resources, Yuexiu Property
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.
BluSmart raises $24m to develop large-scale EV charging hubs
- 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 (Indigo) Lockup – Still Has US$3bn+ Stake Left, After Three Prior Selldowns
- 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.