Daily BriefsIndia

Daily Brief India: CCL Products India, JSW Infrastructure, Jupiter Life Line Hospitals and more

In today’s briefing:

  • CCL Products (India) Ltd- Forensic Analysis
  • JSW Infrastructure Pre-IPO Tearsheet
  • Jupiter Life Line Hospitals Pre-IPO Tearsheet

CCL Products (India) Ltd- Forensic Analysis

By Nitin Mangal

  • CCL Products India (CCLP IN) is a coffee manufacturing company and has presence in both India and abroad.
  • The company has seen an appealing growth in its top-line, growing at a three year CAGR of 22% till F23.
  • However, when it comes to the forensics, there are several concerns, especially with its treatment of investment in subsidiaries and disclosures in the financials.

JSW Infrastructure Pre-IPO Tearsheet

By Ethan Aw

  • JSW Infrastructure (5978490Z IN) is looking to raise up to US$341m in its upcoming India IPO. 
  • The deal will be run by JM Financial, Axis Capital, Credit Suisse, DAM Capital, HSBC, ICICI Securities, Kotak and SBI Capital.  
  • JSW Infrastructure (JSWI) is the fastest growing port-related infrastructure company in terms of growth in installed cargo handling capacity and cargo volumes handled during FY20 to FY22, according to CRISIL. 

Jupiter Life Line Hospitals Pre-IPO Tearsheet

By Ethan Aw

  • Jupiter Life Line Hospitals (0372574D IN) is looking to raise about US$135m in its upcoming India IPO. The deal will be run by ICICI Securities, Edelweiss Financial Services and JM Financial.
  • Jupiter Life Line Hospitals (JLLH) is among the key multi-specialty tertiary and quaternary healthcare providers in the Mumbai Metropolitan Area (MMR) and western region of India, according to CRISIL. 
  • Its hospitals function on an ‘all-hub-no-spoke’ model with each hospital being a full-service hospital, operating independently and offering services such as diagnostics to surgery and rehabilitation.

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