APAC IPOs & Placements, Aequitas Research

Clarence Chu

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%.

APAC IPOs & Placements

Paradeep Phosphates IPO - Operates in a Regulated Industry and Hasn't Done Much over the past Decade

Paradeep Phosphates IPO - Smallest of the Lot and Fairly Valued as Well

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

Paradeep Phosphates / Equity Capital Markets

<ul>
<li>Paradeep Phosphates raised around US$194m in its India IPO. The IPO consisted of a mix of primary and secondary shares.</li>
<li>Subscription for PP's IPO had been tepid and previous deals with similar subscription rates had produced mixed performances upon debut.</li>
<li>Were the firm to trade towards its closer peers’ average, there is a 5% upside potential and -18.6% downside potential on the FY23E and FY24E EV/EBITDA front, respectively. </li>
</ul>


Paradeep Phosphates raised around US$194m in its India IPO. The IPO consisted of a mix of primary and secondary shares.
Subscription for PP's IPO had been tepid and previous deals with similar subscription rates had produced mixed performances upon debut.
Were the firm to trade towards its closer peers’ average, there is a 5% upside potential and -18.6% downside potential on the FY23E and FY24E EV/EBITDA front, respectively. 


Paradeep Phosphates IPO Trading - Tepid Demand and Anchor Quality Isn't the Greatest