In today’s briefing:
- Brainbees Solutions (FirstCry) IPO – Not Very Attractive but It Is Relatively Cheap
- Ola Electric IPO- Forensic Analysis
Brainbees Solutions (FirstCry) IPO – Not Very Attractive but It Is Relatively Cheap
- BrainBees Solutions is looking to raise up to US$500m in its upcoming India IPO.
- FirstCry is India’s largest multi-channel retailing platform for Mothers’, Babies’ and Kids’ products in terms of GMV, for the year ending Dec 2022 (9M23), according to RedSeer.
- In our previous notes, we looked at the company’s past performance. In this note, we will talk about valuations.
Ola Electric IPO- Forensic Analysis
- Ola Electric (1700674D IN) is launching its IPO, consisting of fresh issue worth INR 5.5 bn and offer for sale upto 84.9 mn shares.
- The company delivered its first electric scooter in December 2021, and since then it has grown immensely to become a market leader with a share of 35%.
- As far as forensics go, one should look out for related party transactions with promoters, some accounting policies, constant losses, need for capex, trend of expenses, etc.
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