APAC IPOs & Placements, Aequitas Research

Rosita Fernandes

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

IndiQube Spaces Ltd / Equity Capital Markets

IndiQube Spaces Private Limited provides internet based services. The Company offers through its platform office properties search, information and real estate services. IndiQube Spaces serves customers in India.

<ul>
<li>
<a href="https://www.smartkarma.com/entities/indiqube-spaces-ltd" target="_blank" data-smartkarma-citation="entities:44238:1" rel="noopener">IndiQube Spaces Ltd (1628202D IN)</a>  (ISL) is planning to raise about US$100m in its upcoming India IPO. </li>
<li>ISL is a managed workplace solutions provider offering technological workplace solutions. As per CBRE Report, ISL is among the leading operators in Bengaluru as of Jun 24.</li>
<li>ISL offers enterprise workplace solutions, from large hubs to small spokes, enhancing employee experience through integrated interiors, amenities, and various value-added services for a seamless, efficient office environment.</li>
</ul>



IndiQube Spaces Ltd (1628202D IN)  (ISL) is planning to raise about US$100m in its upcoming India IPO. 
ISL is a managed workplace solutions provider offering technological workplace solutions. As per CBRE Report, ISL is among the leading operators in Bengaluru as of Jun 24.
ISL offers enterprise workplace solutions, from large hubs to small spokes, enhancing employee experience through integrated interiors, amenities, and various value-added services for a seamless, efficient office environment.


IndiQube Spaces Pre-IPO - Capacity Has Been Expanding, Though Margins Remain Unstable

Runwal Enterprises Limited / Equity Capital Markets

Runwal Enterprises Limited owns and develops real estate. The Company engages in development of residential and commercial properties, as well as owns and manages the retail mall chain. Runwal Enterprises serves customers in India.

<ul>
<li>
<a href="https://www.smartkarma.com/entities/runwal-enterprises-limited" target="_blank" data-smartkarma-citation="entities:45055:1" rel="noopener">Runwal Enterprises Limited (2300329D IN)</a> (REL) is planning to raise about US$117m through its upcoming India IPO. The lead bookrunners for the deal are ICICI, Jefferies.</li>
<li>REL is a real estate developer engaged across the full spectrum of real estate, with a focus on residential (affordable to luxury), commercial spaces, retail malls, and educational buildings.</li>
<li>As per JLL Report, between Jan 19 and Sept 24, Runwal Enterprises ranked 2nd in Mumbai for both new launches (5.69%) and sales (5.25%).</li>
</ul>



Runwal Enterprises Limited (2300329D IN) (REL) is planning to raise about US$117m through its upcoming India IPO. The lead bookrunners for the deal are ICICI, Jefferies.
REL is a real estate developer engaged across the full spectrum of real estate, with a focus on residential (affordable to luxury), commercial spaces, retail malls, and educational buildings.
As per JLL Report, between Jan 19 and Sept 24, Runwal Enterprises ranked 2nd in Mumbai for both new launches (5.69%) and sales (5.25%).


Beijing Yunji Technology Ltd / Equity Capital Markets

BYTL provides hospitality robotic AI agents, using advanced robotics and AI to enhance customer experiences. Its solutions include physical-interaction robots and AI-driven digitalization systems for streamlined decision-making and operational efficiency.

Beijing Yunji Technology Ltd (1860671D CH)

<ul>
<li>
<a href="https://www.smartkarma.com/entities/beijing-yunji-technology-ltd" target="_blank" data-smartkarma-citation="entities:45056:1" rel="noopener">Beijing Yunji Technology Ltd (1860671D CH)</a>  (BYTL) is planning to raise about US$100m through its upcoming Hong Kong IPO. The lead bookrunners for the deal are Citic, CBB International.</li>
<li>BYTL provides hospitality robotic AI agents, using advanced robotics and AI to enhance customer experiences. Its solutions include physical-interaction robots and AI-driven digitalization systems for streamlined decision-making and operational efficiency.</li>
<li>According to the F&amp;S Report, BYTL ranked first globally in 2024 among robotic AI agent companies with multi-layer adaptable robots, leading in concurrent robot operations and total consumers served.</li>
</ul>



Beijing Yunji Technology Ltd (1860671D CH)  (BYTL) is planning to raise about US$100m through its upcoming Hong Kong IPO. The lead bookrunners for the deal are Citic, CBB International.
BYTL provides hospitality robotic AI agents, using advanced robotics and AI to enhance customer experiences. Its solutions include physical-interaction robots and AI-driven digitalization systems for streamlined decision-making and operational efficiency.
According to the F&amp;S Report, BYTL ranked first globally in 2024 among robotic AI agent companies with multi-layer adaptable robots, leading in concurrent robot operations and total consumers served.


Beijing Yunji Technology Ltd Pre-IPO Tearsheet

Pace Digitek Ltd / Equity Capital Markets

Pace Digitek Private Limited operates as a power generation equipment company.The Company offers hybrid DC power system, innovation, research, creative, design, AMF, charge control unit, and lithium battery products. Pace Digitek Private serves customers worldwide.

<ul>
<li>
<a href="https://www.smartkarma.com/entities/pace-digitek-ltd" target="_blank" data-smartkarma-citation="entities:45049:1" rel="noopener">Pace Digitek Ltd (0180382D IN)</a>  (PDL) is planning to raise about US$105m through its upcoming India IPO. The lead bookrunner for the deal is Unistone.</li>
<li>PDL provides multi-disciplinary solutions in telecom passive infrastructure, offering turnkey services across India, Myanmar, and Africa. Initially manufacturing passive equipment, it expanded into products, projects, O&amp;M, and service solutions.</li>
<li>PDL transitioned from manufacturing passive telecom equipment to providing multi-disciplinary solutions, including telecom, energy, and ICT products, services, and turnkey projects, with a focus on O&amp;M, renewables, and infrastructure development.</li>
</ul>



Pace Digitek Ltd (0180382D IN)  (PDL) is planning to raise about US$105m through its upcoming India IPO. The lead bookrunner for the deal is Unistone.
PDL provides multi-disciplinary solutions in telecom passive infrastructure, offering turnkey services across India, Myanmar, and Africa. Initially manufacturing passive equipment, it expanded into products, projects, O&amp;M, and service solutions.
PDL transitioned from manufacturing passive telecom equipment to providing multi-disciplinary solutions, including telecom, energy, and ICT products, services, and turnkey projects, with a focus on O&amp;M, renewables, and infrastructure development.


Veeda Clinical Research Ltd / Equity Capital Markets

Veeda Clinical Research Private Limited provides medical research services. The Company offers clinical research studies and testing such as bio-availability, equivalence, drug interaction, proof of concept, and therapeutic treatment studies. Veeda Clinical Research serves customers in India.

Veeda Clinical Research Ltd (3340714Z IN)

<ul>
<li>
<a href="https://www.smartkarma.com/entities/veeda-clinical-research-ltd" target="_blank" data-smartkarma-citation="entities:44330:1" rel="noopener">Veeda Clinical Research Ltd (3340714Z IN)</a> (VCRL) is planning to raise about US$115m in its upcoming India IPO. </li>
<li>VCRL is a global contract research organization offering comprehensive drug development services, including non-clinical, pre-clinical, clinical trials, and studies across diverse drug types like generics, biosimilars, and medical devices.</li>
<li>The company operates in key global markets, including North America, Europe, and Asia, with a presence in India.</li>
</ul>



Veeda Clinical Research Ltd (3340714Z IN) (VCRL) is planning to raise about US$115m in its upcoming India IPO. 
VCRL is a global contract research organization offering comprehensive drug development services, including non-clinical, pre-clinical, clinical trials, and studies across diverse drug types like generics, biosimilars, and medical devices.
The company operates in key global markets, including North America, Europe, and Asia, with a presence in India.


Veeda Clinical Research Pre-IPO - Positioned for Growth Amid Financial Risks

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%

Rosita Fernandes
APAC IPOs & Placements
• Aequitas Research

IndiQube Spaces Pre-IPO - Capacity Has Been Expanding, Though Margins Remain Unstable

IndiQube Spaces Ltd is set to raise $100m in its India IPO, offering managed workplace solutions to enhance employee experience and efficiency.

Rosita Fernandes

Runwal Enterprises Ltd Pre-IPO Tearsheet

Runwal Enterprises Limited plans to raise $117m in India IPO with focus on residential, commercial, retail, and educational real estate. Ranked...

Rosita Fernandes

Beijing Yunji Technology Ltd Pre-IPO Tearsheet

Beijing Yunji Technology Ltd is set to raise $100m in its Hong Kong IPO, offering advanced robotic AI solutions for enhanced customer experiences.

Rosita Fernandes

Pace Digitek Ltd Pre-IPO Tearsheet

Pace Digitek Ltd (0180382D IN) plans to raise $105m in India IPO, offering telecom infrastructure solutions across India, Myanmar, and Africa.

Rosita Fernandes

Veeda Clinical Research Pre-IPO - Positioned for Growth Amid Financial Risks

Veeda Clinical Research Ltd (VCRL) to raise US$115m in India IPO, offering comprehensive drug development services globally.

Rosita Fernandes

IndiQube Spaces Pre-IPO - Capacity Has Been Expanding, Though Margins Remain Unstable

​IndiQube Spaces Ltd is set to raise $100m in its India IPO, offering managed workplace solutions to enhance employee experience and efficiency.

Rosita Fernandes

Runwal Enterprises Ltd Pre-IPO Tearsheet

​Runwal Enterprises Limited plans to raise $117m in India IPO with focus on residential, commercial, retail, and educational real estate. Ranked...

Rosita Fernandes

Beijing Yunji Technology Ltd Pre-IPO Tearsheet

​Beijing Yunji Technology Ltd is set to raise $100m in its Hong Kong IPO, offering advanced robotic AI solutions for enhanced customer experiences.

Rosita Fernandes

Pace Digitek Ltd Pre-IPO Tearsheet

​Pace Digitek Ltd (0180382D IN) plans to raise $105m in India IPO, offering telecom infrastructure solutions across India, Myanmar, and Africa.

Rosita Fernandes

Veeda Clinical Research Pre-IPO - Positioned for Growth Amid Financial Risks

​Veeda Clinical Research Ltd (VCRL) to raise US$115m in India IPO, offering comprehensive drug development services globally.

Rosita Fernandes

IndiQube Spaces Ltd is set to raise $100m in its India IPO, offering managed workplace solutions to enhance employee experience and efficiency.

Runwal Enterprises Limited plans to raise $117m in India IPO with focus on residential, commercial, retail, and educational real estate. Ranked...

Beijing Yunji Technology Ltd is set to raise $100m in its Hong Kong IPO, offering advanced robotic AI solutions for enhanced customer experiences.

Pace Digitek Ltd (0180382D IN) plans to raise $105m in India IPO, offering telecom infrastructure solutions across India, Myanmar, and Africa.

Veeda Clinical Research Ltd (VCRL) to raise US$115m in India IPO, offering comprehensive drug development services globally.