ECM Weekly (15th August 2021) - SH HeartCare, Acotec, Hyundai Heavy Ind, RLC REIT, Coupang, Devyani
Aequitas Research puts out a weekly update on the deals that have been covered by the team recently along with updates for upcoming IPOs.
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Devyani IPO Trading - Strongest of the Lot
Devyani International Limited (DIL), Yum Brandās largest franchisor in India, raised around US$250m via its Indian IPO. In this note we will talk...
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Devyani International IPO: First Day Trading
If shares open at around INR 141.0 per share (based on the grey market premium), Devyani International would be valued at 14.2x FY21 revenue...
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Devyani International IPO: Subscribed 116.7x, Poised for Big Gains on Debut
We would trade this IPO for short term trading gains. Nevertheless, we believe investors who wish to have medium/long-term exposure should be...
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Devyani International IPO: At a Substantial Discount to Burger King, Yet Enough Reasons to Move On
The company raised money from selling shareholders in FY21 to shore up their balance sheet at a 58% discount to the IPO price. The IPO seems like a...
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