In today’s briefing:
- DOMS Industries Ltd IPO- Forensic Analysis
- Mankind Pharma Placement – Its Expensive, but at Least It’s High Quality
- [Week 13] Namaste India 🙏 | Whirlpool’s Tax Woes
- DOMS Industries IPO – Thoughts on Valuation – Isn’t Cheap, Neither Are Its Peers Cheap
DOMS Industries Ltd IPO- Forensic Analysis
- Doms (DOMS IN) IPO opens for subscription soon. The INR 12 bn IPO includes INR 3.5 bn fresh issue and the remaining as offer for sale.
- The company is a prominent player in the Indian stationary market and has one of the most diverse product portfolio with a market share of 12% in F23.
- DOMS ticks right in majority of the boxes when it comes to operations and B/S health. One must still be cautious regarding dependence on FILA group, and faster depreciating rates.
Mankind Pharma Placement – Its Expensive, but at Least It’s High Quality
- A group of shareholders is looking to raise around US$600m via selling a 6.9% stake in Mankind Pharma.
- MP is a pharmaceutical company engaged in developing, manufacturing and marketing a range of pharmaceutical formulations across various acute and chronic therapeutic areas, as well as several consumer healthcare products.
- We have looked at the IPO and lock-up release earlier. In this note, we talk about the other deal dynamics.
[Week 13] Namaste India 🙏 | Whirlpool’s Tax Woes
- The broader sentiment remains positive, with markets primarily driven by participation from foreign investors, wise to increase the trailing stop at 20,600 for any possible change in trend.
- We have already highlighted the weak operational performance of Whirlpool of India (WHIRL IN) , the company’s tax woes continue.
- Names covered in this insight include Whirlpool of India (WHIRL IN) , Thyrocare Technologies (THYROCAR IN), Paytm (PAYTM IN) and Flywire Corp (FLYW US)
DOMS Industries IPO – Thoughts on Valuation – Isn’t Cheap, Neither Are Its Peers Cheap
- Doms (DOMS IN) is looking to raise around US$140m in its India IPO.
- DOMS is a leading player and brand in India’s stationery and art products market. It designs, manufactures, and sells a wide range of products, primarily under its flagship brand ‘DOMS’.
- We have looked at the company’s past performance in our earlier note. In this note, we talk about valuations.
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