Daily Brief India: KFin Technologies, Western Carriers, Vedanta Resources and more

• 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 (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. 

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.

• ENN Natural Gas
• Vedanta Resources