APAC IPOs & Placements, Aequitas Research

Clarence Chu

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

<ul>
<li>Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.</li>
<li>Placements continued to take center stage this week, beginning with Uber’s clean-up sale of Zomato.</li>
<li>Socar launched its one-day bookbuild earlier in the week. We continued looking at the upcoming deals in our pipeline. </li>
</ul>


Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.
Placements continued to take center stage this week, beginning with Uber’s clean-up sale of Zomato.
Socar launched its one-day bookbuild earlier in the week. We continued looking at the upcoming deals in our pipeline. 


ECM Weekly (7th Aug 2022) - Zomato, Orica, China Tourism, Hongjiu Fruit, Giant Biogene, Socar

External broker reports(aggregated public sources), Nirmal Bang

Nirmal Bang

External broker reports(aggregated public sources)

A Relationship Beyond Broking

Nirmal Bang, one of the leading stock broking companies in India, caters to retail and institutional clients by offering them a range of financial products and services, including equities, derivatives, commodities, currency derivatives, mutual funds, IPOs, insurance, depository services and PMS.

Nirmal Bang is drawn from a diversity of professional backgrounds, and blend of experience, skill and dedication is shared with its clients. Nirmal Bang emphasizes adequate, thorough research local and world-wide developments, balancing these with the astute discovery of intrinsic values, synergies and growth. The aim is simply to help the investors to maximize their returns.

Equity Bottom-Up

<div><ul><li>Strong rebound in demand during Feb’22-Mar’22 after muted Jan’22: <span style="font-size: var(--content-font-size);">In 4QFY22 Pumps business faced a slowdown due to industry-wide weakness</span></li></ul><div><div><div><div><ul><li>Market share gain continues; distribution expansion to aid overall growth: On a rolling 12-month basis, the company gained 3% market share in the overall fans segment.</li></ul><div><div><div><div><ul><li>Cost-saving program helping protect margins: The company saved Rs680mn in 4QFY22 from Project UNNATI.</li></ul></div></div></div></div></div></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Strong rebound in demand during Feb’22-Mar’22 after muted Jan’22: In 4QFY22 Pumps business faced a slowdown due to industry-wide weaknessMarket share gain continues; distribution expansion to aid overall growth: On a rolling 12-month basis, the company gained 3% market share in the overall fans segment.Cost-saving program helping protect margins: The company saved Rs680mn in 4QFY22 from Project UNNATI.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Crompton Greaves Consumer Electricals - Strong Rebound Post Weak Jan'22

External broker reports(aggregated public sources), Edelweiss Broking Limited

Edelweiss

Edelweiss Broking Limited

Edelweiss Broking Limited is an Indian Financial services company based in Mumbai, India. The company is a subsidiary of Edelweiss Group. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Acquisition of Butterfly Gandhimathi Appliances Ltd.</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Acquisition of Butterfly Gandhimathi Appliances Ltd.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Company Update | Crompton Greaves Consumer Electricals

External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Market leader in the domestic fan industry with value market share of 27%.</li><li>The company has enhanced focus on increasing market share in home appliances categories like (air coolers, water heater and kitchen appliances) Robust balance sheet with RoE &amp; RoCE of 34% &amp; 39% (three-year average),.</li><li>.</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Market leader in the domestic fan industry with value market share of 27%.The company has enhanced focus on increasing market share in home appliances categories like (air coolers, water heater and kitchen appliances) Robust balance sheet with RoE &amp; RoCE of 34% &amp; 39% (three-year average),..Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

India

Crompton Greaves Consumer Electricals Limited is an Indian electrical equipment company that manufactures and markets consumer electrical products. The company's product portfolio includes fans, lighting (LED and non-LED), pumps, and various household appliances like water heaters, air coolers, and kitchen appliances. Crompton is based in Mumbai, India, and was established as Crompton Parkinson Works Limited in 1937, though the current entity, Crompton Greaves Consumer Electricals Limited, was established in 2016 following a demerger.

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Crompton (CROMPTON IN)

ECM Weekly (7th Aug 2022) - Zomato, Orica, China Tourism, Hongjiu Fruit, Giant Biogene, Socar

Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.

Clarence Chu

Crompton Greaves Consumer Electricals - Strong Rebound Post Weak Jan'22

Crompton Greaves Consumer Electricals (CGCEL) reported 4QFY22 revenue of Rs15.5bn, up 1.7% YoY. The topline was 21%/4.1% below our/consensus estimate.

Nirmal Bang

Company Update | Crompton Greaves Consumer Electricals

Acquisition of Butterfly Gandhimathi Appliances Ltd

Edelweiss

Crompton Greaves Consumer Electrials

Market leader in the domestic fan industry with value market share of 27%. The company has enhanced focus on increasing market share in home...

ICICI Securities Limited

Company Update | Crompton Greaves Consumer Electricals

Acquisition of Butterfly Gandhimathi Appliances Ltd

Edelweiss

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