Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of IPO & Placements for Aequitas Research. At Aequitas we cover all IPOs and placements across Asia-Pac with a deal size of at least US$100m. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%. 
Prior to Aequitas. I was heading Content Strategy for Smartkarma, along with covering IPOs & Placement. In an earlier life I have covered ASEAN property and the banking space in India.

Head of Research, IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

<a href="https://www.smartkarma.com/entities/bajaj-energy-ltd" target="_blank" data-smartkarma-citation="entities:28299:1" rel="noopener">Bajaj Energy (BEL IN)</a> (BEL) aims to raise up to US$750m in its India listing. The company plans to use the proceeds to increase its stake in one of its associates. Post completion of that transaction BEL will have a total installed capacity of 2,430MW.
BEL has a power purchase agreement with Uttar Pradesh Power Corporation Limited (UPPCL) for selling its entire output. In addition, it has a fixed fuel supply agreement in place with Coal India. Thus, in an ideal world it's expected to generate regulated returns. 
However, UPPCL doesn't seem to be very fond of BEL as per the various actions taken by it over the past few years. Hence, BEL has a lot of pending issues which it needs to resolve before attempting to list.

Bajaj Energy (BEL IN) (BEL) aims to raise up to US$750m in its India listing. The company plans to use the proceeds to increase its stake in one of its associates. Post completion of that transaction BEL will have a total installed capacity of 2,430MW.
BEL has a power purchase agreement with Uttar Pradesh Power Corporation Limited (UPPCL) for selling its entire output. In addition, it has a fixed fuel supply agreement in place with Coal India. Thus, in an ideal world it's expected to generate regulated returns. 
However, UPPCL doesn't seem to be very fond of BEL as per the various actions taken by it over the past few years. Hence, BEL has a lot of pending issues which it needs to resolve before attempting to list.

Bajaj Energy Pre-IPO - Supposed to Deliver Steady Performance if Only Its Sole Client Would Let It