India: Three IPOs from Government Owned Companies in March, Stay Clear or Should You Look at Them?
Three IPOs of Govt of India owned companies almost at the same time is an unprecedented event. But, Bharat Dynamics Ltd (7560284Z IN), Hindustan...
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How the Arms License Changes Apollo Micro Systems’ Business Model?
​AMS secures government license for weapon manufacturing, shifts billing structure, but faces financial challenges and lack of orders.
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Aequitas: Juniper Green Energy Pre-IPO - Execution-Led Growth but Risks Remain
Juniper Green Energy is looking to raise around US$350m in its upcoming India IPO. In this note, we look at the firm’s past performance.
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Aequitas: Bagmane REIT Pre-IPO - Strong Yield Visibility Supported by Embedded Rental Growth
Bagmane Prime Office Reit (BPOR) plans to raise around US$440m in its upcoming India IPO. In this note, we talk about the firm’s historical...
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AXISCADES: Aerospace, Defence & ESAI Story Guiding EPS Growth of 40–50%
​Bengaluru-based AXISCADES Technologies eyes strong EPS growth for FY26 and FY27, driven by top-line vision and defence indigenisation, but faces...
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