Daily Brief Industrials: IGI (India) Limited, Emerson Electric Co, Star Agriwarehousing and Collateral Management Ltd, RBC Bearings and more

• International Gemmological Institute (India) Limited (IGII) is looking to raise about US$500m in its upcoming India IPO.
• IGI India is part of the International Gemmological Institute (IGI) group. As of 22nd August 2024, IGI India handled operations of the IGI business in India and Türkiye.
• In this note, we will look at the company’s past performance and talk about the IPO valuations.

• Emerson Electric Co. presented its financial results for the fiscal year 2024, along with strategic announcements that aim to reshape its future.
• The key takeaways involve a continued commitment to portfolio transformation, with notable acquisition, divestment, and capital return actions.
• Emerson, already holding a 57% stake in Aspen Technology, proposed to acquire the remaining shares at $240 per share in cash.

• Star Agriwarehousing and Collateral Management Ltd (0207140D IN) (SACM) is planning to raise about US$100m through its upcoming India IPO. The lead bookrunners for the deal are JMFin, Ambit, Equirius.
• SACM is a technology-led integrated agricultural value-chain services platform that provides services such as procurement, trade facilitation, warehousing, collateral management, financing solutions, a digital marketplace, and data services.
• According to the F&S report, the company was the largest by revenue and the most profitable technology-led integrated value chain services platform during the FY22 to FY24. 

• Leading manufacturer of precision bearings, gearings, and components for industrial and aerospace/defense industries
• Focus on high-end markets, premium pricing, engineering capabilities, and reputation for quality and on-time delivery
• Majority of revenues from the United States, with a market capitalization of $9.1BN and annual revenues of $1.6BN

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.