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

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<a href="https://www.smartkarma.com/entities/oswal-pumps" target="_blank" data-smartkarma-citation="entities:43952:1" rel="noopener">Oswal Pumps (1019841D IN)</a>  (OPL), established in 2003, specializes in the manufacturing of solar-powered and conventional pumps, electric motors, and related components for agricultural, residential, and industrial applications.</li>
<li>The company has established itself as a leading player in the solar pump market, benefiting from government initiatives such as the PM Kusum scheme</li>
<li>OPL aims to use its IPO proceeds to fund its expansion plans, including increasing manufacturing capacity and diversifying its product offerings.</li>
</ul>



Oswal Pumps (1019841D IN)  (OPL), established in 2003, specializes in the manufacturing of solar-powered and conventional pumps, electric motors, and related components for agricultural, residential, and industrial applications.
The company has established itself as a leading player in the solar pump market, benefiting from government initiatives such as the PM Kusum scheme
OPL aims to use its IPO proceeds to fund its expansion plans, including increasing manufacturing capacity and diversifying its product offerings.


Oswal Pumps Pre-IPO - Revenue Surge Driven by Growing Demand in Solar Projects

Brigade Hotel Ventures Ltd / Equity Capital Markets

Brigade Hotel Ventures Ltd is an owner and developer of hotels in Indian cities, focusing primarily on South India, including states like Kerala, Andhra Pradesh, Tamil Nadu, Karnataka, and Telangana, as well as Union territories like Lakshadweep and Pondicherry

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<a href="https://www.smartkarma.com/entities/brigade-hotel-ventures-ltd" target="_blank" data-smartkarma-citation="entities:44074:1" rel="noopener">Brigade Hotel Ventures Ltd (BHV IN)</a>  is planning to raise about US$107m through its upcoming IPO in India. The bookrunners for the deal are JM Fin and ICICI Securities.</li>
<li>Brigade Hotel Ventures Ltd is an owner and developer of hotels in Indian states like Kerala, Andhra Pradesh, Tamil Nadu, Karnataka, and Telangana and Union territories like Lakshadweep and Pondicherry.</li>
<li>The company had a portfolio of <strong>1,604</strong> keys as of the Draft Red Herring Prospectus. </li>
</ul>



Brigade Hotel Ventures Ltd (BHV IN)  is planning to raise about US$107m through its upcoming IPO in India. The bookrunners for the deal are JM Fin and ICICI Securities.
Brigade Hotel Ventures Ltd is an owner and developer of hotels in Indian states like Kerala, Andhra Pradesh, Tamil Nadu, Karnataka, and Telangana and Union territories like Lakshadweep and Pondicherry.
The company had a portfolio of 1,604 keys as of the Draft Red Herring Prospectus. 


Brigade Hotel Ventures Ltd Pre-IPO Tearsheet

SMPP Limited operates as an armour manufacturing company. The Company designs and manufactures defense equipment including ammunition components, personal protection products, and protection kits for land, air, and sea platforms. SMPP serves customers worldwide.

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<a href="https://www.smartkarma.com/entities/smpp-ltd" target="_blank" data-smartkarma-citation="entities:44073:1" rel="noopener">SMPP Ltd (1603332D IN)</a> is planning to raise about US$476m through its upcoming IPO in India. The bookrunners for the deal are Axis , ICICI , IIFL , JMF, Motilal.</li>
<li>SMPP Ltd. designs and manufactures defence equipment, specialising in ammunition components and personal protection products for the Indian armed forces, police, and security agencies. </li>
<li>As per the 1Lattice Report, SMPP Ltd. is one of the few Indian companies manufacturing bullet-resistant boron carbide plates. </li>
</ul>



SMPP Ltd (1603332D IN) is planning to raise about US$476m through its upcoming IPO in India. The bookrunners for the deal are Axis , ICICI , IIFL , JMF, Motilal.
SMPP Ltd. designs and manufactures defence equipment, specialising in ammunition components and personal protection products for the Indian armed forces, police, and security agencies. 
As per the 1Lattice Report, SMPP Ltd. is one of the few Indian companies manufacturing bullet-resistant boron carbide plates. 


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<li>
<a href="https://www.smartkarma.com/entities/dam-capital" target="_blank" data-smartkarma-citation="entities:43901:1" rel="noopener">DAM Capital (930970Z IN)</a> (DC), a financial services company, looking to raise at least US$100m in its upcoming India IPO.</li>
<li>DAM Capital Advisors Ltd, provides a wide range of financial solutions in areas of investment banking comprising ECM, M&amp;A, PE, structured advisory and institutional equities comprising broking and research.</li>
<li>According to CRISIL, DC was the fastest growing investment bank in India by revenue CAGR from FY22-24 with the highest profit margin in FY24.</li>
</ul>



DAM Capital (930970Z IN) (DC), a financial services company, looking to raise at least US$100m in its upcoming India IPO.
DAM Capital Advisors Ltd, provides a wide range of financial solutions in areas of investment banking comprising ECM, M&amp;A, PE, structured advisory and institutional equities comprising broking and research.
According to CRISIL, DC was the fastest growing investment bank in India by revenue CAGR from FY22-24 with the highest profit margin in FY24.


DAM Capital Pre-IPO - Capital Market Growth, Institutional Clients Boost Performance

Mokingran Jewellery Group Ltd / Equity Capital Markets

Mokingran Jewellery Group Ltd (1863481D CH)

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<a href="https://www.smartkarma.com/entities/mokingran-jewellery-group-ltd" target="_blank" data-smartkarma-citation="entities:44054:1" rel="noopener">Mokingran Jewellery Group Ltd (1863481D CH)</a>  is planning to raise about US$100m through its upcoming IPO in Hong Kong. The lead bookrunner for the deal is CITIC Securities.</li>
<li>Mokingran Jewellery Group Ltd is a gold jewellery Original Brand Manufacturer (OBM) in the People's Republic of China (PRC)</li>
<li>As per the company, it is one of the few manufacturers overseeing all primary stages of the gold jewellery industry, from start to retailing through a diversified sales network.</li>
</ul>



Mokingran Jewellery Group Ltd (1863481D CH)  is planning to raise about US$100m through its upcoming IPO in Hong Kong. The lead bookrunner for the deal is CITIC Securities.
Mokingran Jewellery Group Ltd is a gold jewellery Original Brand Manufacturer (OBM) in the People's Republic of China (PRC)
As per the company, it is one of the few manufacturers overseeing all primary stages of the gold jewellery industry, from start to retailing through a diversified sales network.


Mokingran Jewellery Group Ltd Pre-IPO Tearsheet

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%