Inclusive Investor Relations, Equity Development

Equity Development

Inclusive Investor Relations

We help companies communicate with all investors. We help all investors better understand those businesses.

Equity Bottom-Up

Norcros manufactures and markets design-led, sustainable bathroom and kitchen products, including showers, taps, bathroom accessories, tiles, and adhesives. The company operates primarily in the UK, Ireland, and South Africa. Norcros was founded in 1901 and is headquartered in Wilmslow, Cheshire, England.

<ul><li>Norcros continues to navigate uncertain market conditions well, making good y-o-y progress backed by strong cash generation in H127.</li><li>Full year expectations are unchanged, and valuation metrics continue to look attractive.</li><li> Norcros has flagged H127 revenue growth of +19% (reported) and +1.5% (constant currency, LFL, excluding Fibo), generating c.</li></ul>

Norcros continues to navigate uncertain market conditions well, making good y-o-y progress backed by strong cash generation in H127.Full year expectations are unchanged, and valuation metrics continue to look attractive. Norcros has flagged H127 revenue growth of +19% (reported) and +1.5% (constant currency, LFL, excluding Fibo), generating c.

Norcros - strong execution and generating cash

Smartkarma AI Primers, Smartkarma

αSK Primers

Smartkarma AI Primers

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

WindBorne operates autonomous weather balloons and sells atmospheric observations and AI-powered forecasts to government agencies and businesses.

<ul>
  <li>
<a href="https://smartkarma.com/entities/windborne">WindBorne</a> Systems has established an integrated weather intelligence paradigm, coupling a proprietary constellation of over 700 autonomous, long-duration atmospheric sensing balloons with its transformer-based AI weather model, WeatherMesh 6, which consistently outperforms traditional European Centre for Medium-Range Weather Forecasts (ECMWF) benchmarks and hyperscaler AI models.</li>
  <li>The company's commercial and defense footprint is expanding rapidly, highlighted by revenue tripling over the 12 months through August 2026, an oversubscribed $37 million Series B funding round at a $250 million post-money valuation led by Khosla Ventures and Galvanize, and a landmark $49 million ceiling contract with the U.S. Air Force 557th Weather Wing.</li>
  <li>While <a href="https://smartkarma.com/entities/windborne">WindBorne</a> possesses a durable structural moat anchored by proprietary in-situ vertical atmospheric profiles across unobserved oceanic regions, long-term investor returns hinge on converting government ceiling vehicles into steady billings, driving enterprise software-as-a-service (SaaS) adoption in the energy and trading sectors, and managing hardware replenishment costs.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  
WindBorne Systems has established an integrated weather intelligence paradigm, coupling a proprietary constellation of over 700 autonomous, long-duration atmospheric sensing balloons with its transformer-based AI weather model, WeatherMesh 6, which consistently outperforms traditional European Centre for Medium-Range Weather Forecasts (ECMWF) benchmarks and hyperscaler AI models.
  The company's commercial and defense footprint is expanding rapidly, highlighted by revenue tripling over the 12 months through August 2026, an oversubscribed $37 million Series B funding round at a $250 million post-money valuation led by Khosla Ventures and Galvanize, and a landmark $49 million ceiling contract with the U.S. Air Force 557th Weather Wing.
  While WindBorne possesses a durable structural moat anchored by proprietary in-situ vertical atmospheric profiles across unobserved oceanic regions, long-term investor returns hinge on converting government ceiling vehicles into steady billings, driving enterprise software-as-a-service (SaaS) adoption in the energy and trading sectors, and managing hardware replenishment costs.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: WindBorne (WINDBORNE US) - Oct 2026

APAC IPOs & Placements, Aequitas Research

Kajal Jain

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

Vishakha Renewables Ltd / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/vishakha-renewables-ltd" target="_blank" data-smartkarma-citation="entities:58843:1" rel="noopener">Vishakha Renewables Ltd (2300287D IN)</a> is looking to raise about US$130m in its upcoming India IPO. The deal will be run by SBI Caps, ICICI and IIFL.</li>
<li>Vishakha Renewables is a manufacturer of critical products across the solar component ecosystem, comprising solar glass, aluminium frames, encapsulants and backsheets for solar panels.</li>
<li>According to CRISIL, it ranked second in solar glass (4.4GW) and EVA/EPE encapsulants (6GW), first in aluminium frames (3.4GW), and among the top 10 in backsheets (3.8GW) as of FY26.</li>
</ul>



Vishakha Renewables Ltd (2300287D IN) is looking to raise about US$130m in its upcoming India IPO. The deal will be run by SBI Caps, ICICI and IIFL.
Vishakha Renewables is a manufacturer of critical products across the solar component ecosystem, comprising solar glass, aluminium frames, encapsulants and backsheets for solar panels.
According to CRISIL, it ranked second in solar glass (4.4GW) and EVA/EPE encapsulants (6GW), first in aluminium frames (3.4GW), and among the top 10 in backsheets (3.8GW) as of FY26.


Aequitas: Vishakha Renewables Pre-IPO Tearsheet

Index Rebal/Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal/Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Index Rebalance

Shanghai Tunnel Engineering Co, Ltd. / Index Rebalance

Shanghai Tunnel Engineering Co., Ltd. undertakes heavy construction projects. The Company constructs tunnels, subways, crossing bridges, highways, and building infrastructure facilities.  The Company also provides engineering services, invests in real estate development, and operates restaurants.

Shanghai Tunnel Engineering Co, Ltd. (600820 CH)

<ul>
<li>CSI 1000 represents the next 1000 largest stocks by market cap and liquidity from the Shanghai and Shenzhen Exchanges after CSI 800.</li>
<li>In this insight, we take a look at the potential ADDs and DELs leading the race for the semiannual index rebal event in December 2026.</li>
<li>We currently see 100 ADDs/DELs for the CSI 1000 index. The reference period is about to end.</li>
</ul>


CSI 1000 represents the next 1000 largest stocks by market cap and liquidity from the Shanghai and Shenzhen Exchanges after CSI 800.
In this insight, we take a look at the potential ADDs and DELs leading the race for the semiannual index rebal event in December 2026.
We currently see 100 ADDs/DELs for the CSI 1000 index. The reference period is about to end.


Quiddity Leaderboard CSI 1000 Dec26: 100 ADDs/DELs Expected; ~US$1.1bn One-Way

Founder, CEO, GSBR Research

Garvit Bhandari

Founder, CEO

Leading Provider of Equity and Investment Research

GSBR Research

We are an independent equity research provider focused on covering global markets. The aim of the research is to provide an unbiased view of the fundamentals of the company.

Thematic (Sector/Industry)

<ul>
<li>US public EV charging stations reached 84,171 as of September 30, 2026 (up 5.0% versus end-FY25). Total EVSE ports hit 263,947, up 9.0% from end-2025 and 1.7% month-over-month.</li>
<li>Active DC Fast ports rose 2.7% month-on-month to 77,269, a fourth straight monthly gain; Tesla holds 50.0% of US DC Fast ports, ChargePoint 32.3% of all ports.</li>
<li>NREL sees a need for 1.0 million Level 2 chargers and 182,000 DC Fast points by 2030, at current growth rates, the US is likely to fall short.</li>
</ul>


US public EV charging stations reached 84,171 as of September 30, 2026 (up 5.0% versus end-FY25). Total EVSE ports hit 263,947, up 9.0% from end-2025 and 1.7% month-over-month.
Active DC Fast ports rose 2.7% month-on-month to 77,269, a fourth straight monthly gain; Tesla holds 50.0% of US DC Fast ports, ChargePoint 32.3% of all ports.
NREL sees a need for 1.0 million Level 2 chargers and 182,000 DC Fast points by 2030, at current growth rates, the US is likely to fall short.


US EV Charging Infrastructure September 2026: Both Stations and Ports Advance as DC Fast Accelerates