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
- 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
- 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.