In today’s briefing:
- KFin Tech Lock-Up – US$183m Lockup Expiry Could See PE Investor Trim Further
- Western Carriers Pre-IPO Tearsheet
- Morning Views Asia: ENN Natural Gas, Vedanta Resources
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KFin Tech Lock-Up – US$183m Lockup Expiry Could See PE Investor Trim Further
- KFin Technologies (1804170D IN) was listed on 29th Dec 2022, when it raised around US$180m in its India IPO. Its six-month lockup will expire on 24th Jun 2023.
- KFin Technology (KFin) is a technology driven financial services platform providing comprehensive services and solutions to the capital markets ecosystem.
- Coming up for six-month expiry is General Atlantic (the Promoter) and other pre-IPO shareholders. The Promoter had been the sole selling shareholder in the IPO.
Western Carriers Pre-IPO Tearsheet
- Western Carriers (1489172D IN) is looking to raise at least US$100m in its upcoming India IPO. The deal will be run by JM Financial and Kotak.
- The firm provides multi-modal logistics services which include road, railway, ocean/coastal/river and air logistics services.
- It also provides chartering services to overseas destinations, stevedoring services at Indian ports and coastal movement of cargo within India.
Morning Views Asia: ENN Natural Gas, Vedanta Resources
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.