Daily BriefsIndia

Daily Brief India: SignatureGlobal India Pvt Ltd, JSW Infrastructure and more

In today’s briefing:

  • SignatureGlobal (India) IPO- Forensic Analysis
  • JSW Infrastructure IPO – Would Need a Wider Discount to Its Larger and More Dominant Peer


SignatureGlobal (India) IPO- Forensic Analysis

By Nitin Mangal

  • SignatureGlobal India Pvt Ltd (1468641D IN) IPO will go live for subscription this week. 
  • The company is one of the renowned players in the NCR and Haryana in the affordable and lower mid segment housing.
  • The company has grown well in the recent times, however there are certain forensic takeaways such as poor health of subsidiaries, related party transactions, etc.

JSW Infrastructure IPO – Would Need a Wider Discount to Its Larger and More Dominant Peer

By Clarence Chu

  • JSW Infrastructure (5978490Z IN) is looking to raise US$336m in its India IPO.
  • 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.
  • In this note, we will look at JSWI’s RHP updates, undertake a peer comparison, and share our thoughts on valuation.

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