Daily BriefsECM

Equity Capital Markets: Go Air Limited, ClouDr Group and more

In today’s briefing:

  • Go Air (Go First) Pre-IPO – The Positives – Was Flying Reasonably High Pre-COVID
  • ClouDr IPO: Strong Business Model with Multiple Revenue Channels
  • Go Air (Go First) Pre-IPO – The Negatives – Competition Is About to Pick-Up Again

Go Air (Go First) Pre-IPO – The Positives – Was Flying Reasonably High Pre-COVID

By Sumeet Singh

  • GoAir (Go First) is looking to raise up to US$500m in its upcoming India IPO. The company is owned by the Wadia family, who also own Britannia Industries (BRIT IN).
  • Go Air is an ultra-low-cost carrier (ULCC) primarily operating in India. It had a market share of 10.8% in FY20 in the domestic market.
  • In this note, we will talk about the positive aspects of the deal.

ClouDr IPO: Strong Business Model with Multiple Revenue Channels

By Shifara Samsudeen, ACMA, CGMA

  • ClouDr was the largest digital chronic condition management solution provider in China. The company’ application for a HKEx IPO has been approved and plans to raise proceeds of around US$500m.
  • The company is well positioned to benefit from growing demand for digital healthcare marketing and services in China driven by increased health awareness, technological advancements and prevalence of chronic conditions.
  • In this insight, we examine the company’s business model, segments and financials.

Go Air (Go First) Pre-IPO – The Negatives – Competition Is About to Pick-Up Again

By Sumeet Singh

  • GoAir (Go First) is looking to raise up to US$500m in its upcoming India IPO. The company is owned by the Wadia family, who also own Britannia.
  • Go Air is an ultra-low-cost carrier (ULCC) primarily operating in India. It had a market share of 10.8% in FY20 in the domestic market.
  • In this note, we talk about the not so positive aspects of the deal.

Before it’s here, it’s on Smartkarma