Daily Brief India: Vishal Mega Mart, SAI Life Sciences, Edelweiss Financial Services, Emerald Finance, Inventurus Knowledge Solutions and more

• Vishal Mega Mart (VMM) raised around US$950m in its India IPO.
• Vishal Mega Mart Limited (VMM), is a one-stop retail destination. As per the company it targets middle and lower-middle income consumers across India
• We have looked at the company’s past performance and valuations in our previous notes. In this note, we will talk about the trading dynamics.

• SAI Life Sciences (SAILS12 IN) raised around US$360m in its India IPO.
• Sai Life Sciences is a contract research, development and manufacturing organisation providing end-to-end services across drug discovery, development and manufacturing value-chain, for small to global pharmaceutical innovators and biotechnology firms.
• We have looked at the company’s past performance and valuations in our previous notes. In this note, we will talk about the trading dynamics.

• Edelweiss Financial Services Ltd. is a financial services firm in India with a market cap of $1.2 billion USD
• The company includes the largest private credit and private real assets fund manager in the country
• Management plans to sell a strategic minority stake in the Edelweiss Alts business unit and IPO the Alts unit to distribute shares directly to shareholders, potentially creating value for investors as seen in a previous div-en-specie transaction with Nuvama

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• Emerald Finance (EMERALD IN) is a Chandigarh-based NBFC. Since receiving its NBFC license in 2015, Emerald has broadened its offerings to include personal loans, business loans, and Early Wage Access.
• The Company focuses on retail and MSME lending and acts as a loan origination platform for over 40 financial institutions through its subsidiary, Eclat Net Advisors Private Limited.   
• Onto the forensics, there are unsecured loans to RPs, representing 15% of the networth, large amounts of cheques-in-hand reflected under Other loans and advances and incorrect calculation of EPS

• Inventurus Knowledge Solutions (IKSINCD IN) raised around US$295m in its India IPO.
• IKS is a technology-enabled healthcare solutions provider, assisting physician enterprises in US, Canada and Australia, with a core focus in the US.
• We have looked at the company’s past performance and valuations in our previous notes. In this note, we will talk about the trading dynamics.