APAC IPOs & Placements, Aequitas Research

Ethan Aw

APAC 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

Premier Energies Limited / Equity Capital Markets

Premier Solar Systems Private Limited manufactures solar energy equipment. The Company offers PV modules, lanterns, street lighting, water pumps, and power plants. Premier Solar Systems serves customers in India.

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<a href="https://www.smartkarma.com/entities/premier-energies-limited" target="_blank" data-smartkarma-citation="entities:42190:1" rel="noopener">Premier Energies Limited (0377949D IN)</a> is looking to raise US$300m in its upcoming India IPO. It is a manufacturer of solar photovoltaic (PV) cells, and solar modules. </li>
<li>It also executes engineering, procurement, and construction (EPC) projects and provides follow-up operation and maintenance (O&amp;M) services. </li>
<li>In this note, we talk about the company’s historical performance.</li>
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Premier Energies Limited (0377949D IN) is looking to raise US$300m in its upcoming India IPO. It is a manufacturer of solar photovoltaic (PV) cells, and solar modules. 
It also executes engineering, procurement, and construction (EPC) projects and provides follow-up operation and maintenance (O&amp;M) services. 
In this note, we talk about the company’s historical performance.


Premier Energies Pre-IPO - Still Ramping up but Already Profitable

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<a href="https://www.smartkarma.com/entities/sagility-india" target="_blank" data-smartkarma-citation="entities:43717:1" rel="noopener">Sagility India (2058883D IN)</a> is looking to raise up to US$500m in its upcoming India IPO. The deal will be run by ICICI Securities, IIFL Securities, Jefferies and JP Morgan. </li>
<li>Sagility India is a pure-play healthcare focused solutions and services provider to Payers (U.S. health insurance companies), and Providers (primarily hospitals, physicians, and diagnostic and medical devices companies). </li>
<li>It supports the core business operations of both Payer and Provider clients. </li>
</ul>



Sagility India (2058883D IN) is looking to raise up to US$500m in its upcoming India IPO. The deal will be run by ICICI Securities, IIFL Securities, Jefferies and JP Morgan. 
Sagility India is a pure-play healthcare focused solutions and services provider to Payers (U.S. health insurance companies), and Providers (primarily hospitals, physicians, and diagnostic and medical devices companies). 
It supports the core business operations of both Payer and Provider clients. 


Pateo Connect Technology / Equity Capital Markets

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<a href="https://www.smartkarma.com/entities/pateo-connect-technology" target="_blank" data-smartkarma-citation="entities:43712:1" rel="noopener">Pateo Connect Technology (PTC HK)</a> seeks to raise up to US$300m in its upcoming HK IPO. The deal will be run by CICC, Guotai Junan, CMBI, Huatai and Citic Securities.</li>
<li>Pateo Connect Technology (PCT) provides one-stop smart cockpit solutions and intelligent vehicle connectivity solutions. Its smart cockpit solutions enhance driving safety, convenience and connectivity, offering a more intelligent driving experience. </li>
<li>It offers OEM customers the flexibility to choose individual software and products or combine various components into a seamless and integrated smart cockpit solution. </li>
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Pateo Connect Technology (PTC HK) seeks to raise up to US$300m in its upcoming HK IPO. The deal will be run by CICC, Guotai Junan, CMBI, Huatai and Citic Securities.
Pateo Connect Technology (PCT) provides one-stop smart cockpit solutions and intelligent vehicle connectivity solutions. Its smart cockpit solutions enhance driving safety, convenience and connectivity, offering a more intelligent driving experience. 
It offers OEM customers the flexibility to choose individual software and products or combine various components into a seamless and integrated smart cockpit solution. 


Pateo Connect Technology Pre-IPO Tearsheet

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<a href="https://www.smartkarma.com/entities/saint-bella" target="_blank" data-smartkarma-citation="entities:43697:1" rel="noopener">Saint Bella (SAINT HK)</a> is looking to raise up to US$200m in its upcoming HK IPO. The deal will be run by UBS and Citic Securities.</li>
<li>Saint Bella (SB) is a comprehensive family care group in China, focusing on premium services and products that addresses demand from the lifestyle-minded younger generation. </li>
<li>It is the largest postpartum care and recovery group in terms of revenue from ultra-premium postpartum centers in 2023, according to F&amp;S.</li>
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Saint Bella (SAINT HK) is looking to raise up to US$200m in its upcoming HK IPO. The deal will be run by UBS and Citic Securities.
Saint Bella (SB) is a comprehensive family care group in China, focusing on premium services and products that addresses demand from the lifestyle-minded younger generation. 
It is the largest postpartum care and recovery group in terms of revenue from ultra-premium postpartum centers in 2023, according to F&amp;S.


Kokusai Electric  / Equity Capital Markets

Kokusai Electric Corporation manufactures and distributes semiconductor manufacturing systems. The Company produces batch processing systems, single wafer processing systems, and other systems. Kokusai Electric also operates advanced thermal process technology development, training, and other businesses.

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<a href="https://www.smartkarma.com/entities/kkr-co-inc" target="_blank" data-smartkarma-citation="entities:27333:1" rel="noopener">KKR &amp; Co (KKR US)</a> and KSP Kokusai Investments are looking to raise approximately US$1.7bn through an extended secondary follow-on offering, selling approximately 52.5m shares of <a href="https://www.smartkarma.com/entities/kokusai-electric-corp" target="_blank" data-smartkarma-citation="entities:40152:1" rel="noopener">Kokusai Electric (6525 JP)'s</a> stock.</li>
<li>The deal is a large one to digest at 19 days of three month ADV.</li>
<li>In this note, we will talk about the placement and run the deal through our ECM framework.</li>
</ul>



KKR &amp; Co (KKR US) and KSP Kokusai Investments are looking to raise approximately US$1.7bn through an extended secondary follow-on offering, selling approximately 52.5m shares of Kokusai Electric (6525 JP)'s stock.
The deal is a large one to digest at 19 days of three month ADV.
In this note, we will talk about the placement and run the deal through our ECM framework.


Kokusai Electric Placement - US$1.7bn Selldown for a Good Quality Name

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%.