In today’s briefing:
- Five-Star Business IPO – RHP Updates and Peer Comparion
- Market Correction: An Opportunity in Disguise
Five-Star Business IPO – RHP Updates and Peer Comparion
- Five Star Business Finance (0958461D IN) is looking to raise around US$250m in its upcoming India IPO.
- Five-Star Business is a non-banking financial company (NBFC-ND-SI) that provides secured business loans to micro-entrepreneurs and self-employed individuals.
- In this note, we talk about the RHP updates and undertake a peer comparison.
Market Correction: An Opportunity in Disguise
- Equity markets have been under a correction phase for more a year now; Nifty topped out in Oct’21 and is now back to near highs.
- In fact, last month’s close was an all time high close for Nifty on a monthly basis and 1st ever close above 18000 levels.
- Though such market corrections are not good from the return’s perspective, but they play a very important role.
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