APAC IPOs & Placements, Aequitas Research

Hong Jie Seow

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

Lalithaa Jewellery Mart Ltd / Equity Capital Markets

Lalithaa Jewellery Mart Ltd (1607844D IN)

<ul>
<li>
<a href="https://www.smartkarma.com/entities/lalithaa-jewellery-mart-ltd" target="_blank" data-smartkarma-citation="entities:45292:1" rel="noopener">Lalithaa Jewellery Mart Ltd (1607844D IN)</a> raised US$178m in its India IPO.</li>
<li>Lalithaa Jewellery Mart Ltd (LJML) is a jewellery retailer operating under the brand name "Lalithaa", offering a range of gold, silver, and diamond jewellery.</li>
<li>We have looked at the company’s past performance and valuations in our previous notes. In this note, we will talk about the trading dynamics.</li>
</ul>



Lalithaa Jewellery Mart Ltd (1607844D IN) raised US$178m in its India IPO.
Lalithaa Jewellery Mart Ltd (LJML) is a jewellery retailer operating under the brand name "Lalithaa", offering a range of gold, silver, and diamond jewellery.
We have looked at the company’s past performance and valuations in our previous notes. In this note, we will talk about the trading dynamics.


Aequitas: Lalithaa Jewellery Mart IPO Trading - Sometimes, All That Glitters Is Gold

Equity Analyst - Fundamental & Thematic, Sree Capital

Sreemant Dudhoria

Equity Analyst - Fundamental & Thematic

Fundamental Research on Listed Indian Companies

Sree Capital

Sree Capital is a platform to share fundamental research on listed Indian companies. We do this research for our own investment

<ul>
<li>
<a href="https://www.smartkarma.com/entities/lalithaa-jewellery-mart-ltd" target="_blank" data-smartkarma-citation="entities:45292:1" rel="noopener">Lalithaa Jewellery Mart Ltd (1607844D IN)</a> raised INR 17 billion in its IPO,which is a combination of fresh issue of INR 12 billion and offer for sale of INR 5billion.</li>
<li>The company is jewelery retailer with a strong regional presence across South India, catering primarily to the mass and value-conscious customer segment.</li>
<li>We had discussed about ground feedback from Chennai - <a href="https://www.smartkarma.com/insights/lalitha-jewellery-ipo-on-ground-feedback-from-chennai" target="_blank" data-smartkarma-citation="insights:263644" rel="noopener">Lalitha Jewellery IPO - On Ground Feedback From Chennai</a> . This insight discusses about listing dynamics.</li>
</ul>



Lalithaa Jewellery Mart Ltd (1607844D IN) raised INR 17 billion in its IPO,which is a combination of fresh issue of INR 12 billion and offer for sale of INR 5billion.
The company is jewelery retailer with a strong regional presence across South India, catering primarily to the mass and value-conscious customer segment.
We had discussed about ground feedback from Chennai - Lalitha Jewellery IPO - On Ground Feedback From Chennai . This insight discusses about listing dynamics.


Lalitha Jewellery Listing - Strong Demand and Sector Tailwinds

<ul>
<li>
<a href="https://www.smartkarma.com/entities/lalithaa-jewellery-mart-ltd" target="_blank" data-smartkarma-citation="entities:45292:1" rel="noopener">Lalithaa Jewellery Mart Ltd (1607844D IN)</a> is looking to raise up to US$178m in its upcoming India IPO.</li>
<li>Lalithaa Jewellery Mart Ltd (LJML) is a jewellery retailer operating under the brand name "Lalithaa", offering a range of gold, silver, and diamond jewellery.</li>
<li>We have looked at the past performance in our previous note. In this note, we talk about the RHP updates and valuations.</li>
</ul>



Lalithaa Jewellery Mart Ltd (1607844D IN) is looking to raise up to US$178m in its upcoming India IPO.
Lalithaa Jewellery Mart Ltd (LJML) is a jewellery retailer operating under the brand name "Lalithaa", offering a range of gold, silver, and diamond jewellery.
We have looked at the past performance in our previous note. In this note, we talk about the RHP updates and valuations.


Aequitas: Lalithaa Jewellery Mart IPO - RHP Updates and Thoughts on Valuations

<ul>
<li>
<a href="https://www.smartkarma.com/entities/lalithaa-jewellery-mart-ltd" target="_blank" data-smartkarma-citation="entities:45292:1" rel="noopener">Lalithaa Jewellery Mart Ltd (1607844D IN)</a>'s IPO issue of INR 17 billion is a combination of fresh issue of INR 12 billion and offer for sale of INR 5 billion.</li>
<li>In this insight we discuss about on ground feedback from our conversations with multiple vendors, peers and merchant in the Chennai Jewellery market where the company has sizeable presence.</li>
<li>We finally conclude our findings and present our view on the IPO.</li>
</ul>



Lalithaa Jewellery Mart Ltd (1607844D IN)'s IPO issue of INR 17 billion is a combination of fresh issue of INR 12 billion and offer for sale of INR 5 billion.
In this insight we discuss about on ground feedback from our conversations with multiple vendors, peers and merchant in the Chennai Jewellery market where the company has sizeable presence.
We finally conclude our findings and present our view on the IPO.


Lalitha Jewellery IPO - On Ground Feedback From Chennai

India focused: IPO, special situations, Stylus Holdings

Himanshu Dugar

India focused: IPO, special situations

Stylus Holdings

Stylus Holdings is a buy-side equity research firm. We offer bottom-up investment ideas as well as provide on demand equity research and portfolio tracking. 
At Stylus, our focus is to identify market dislocations that can generate 20+% IRR with a reasonable margin of safety. As part of our research process, we do a deep dive into the fundamentals of the company, evaluate their competitive positioning and assess their valuation.
Our investment team is led by Himanshu Dugar. Himanshu is a Chartered Accountant and a CFA charter holder. He has 10+ years of active experience in the stock market with stints at CRISIL Research, a S&P Global copmany and Miras Investments, a single family office based in Dubai.

Equity Research Firm

<ul>
<li>Lalitha Jewellery is a south India focused gold jewellery retailer. It is particularly popular for operating large format stores and avoiding any celebrity endorsements.</li>
<li>A bottom-up peer analysis outlines how the jeweller stands out vs similar-sized/region-focused peers while lagging its diamond jewellery-focused Pan-India peers</li>
<li>The IPO seems favorably priced for a pop, but low free-float limits follow-on institutional upside.</li>
</ul>


Lalitha Jewellery is a south India focused gold jewellery retailer. It is particularly popular for operating large format stores and avoiding any celebrity endorsements.
A bottom-up peer analysis outlines how the jeweller stands out vs similar-sized/region-focused peers while lagging its diamond jewellery-focused Pan-India peers
The IPO seems favorably priced for a pop, but low free-float limits follow-on institutional upside.


Lalitha Jewellery IPO Review: Glittering Enough?

India

Lalithaa Jewellery Mart Private Limited manufactures jewelry. The Company offers gold, diamond, and silver bangles, chains, pendant, earrings, bracelets, coins, rings, and necklaces including haaram, ottiyanam, vanki, and stones. Lalithaa Jewellery Mart serves customers in India.

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Lalithaa Jewellery Mart Ltd (1607844D IN)

Aequitas: Lalithaa Jewellery Mart IPO Trading - Sometimes, All That Glitters Is Gold

Lalithaa Jewellery Mart raised US$178m in its India IPO. We have looked at the company’s past performance and valuations in our previous notes. In...

Hong Jie Seow

Lalitha Jewellery Listing - Strong Demand and Sector Tailwinds

Insight discuss about the strong demand and sector tailwinds for the Lalitha Jewellery IPO listing today. Also discussed is the subscription status,

Sreemant Dudhoria

Aequitas: Lalithaa Jewellery Mart IPO - RHP Updates and Thoughts on Valuations

Lalithaa Jewellery is looking to raise $178m in its India IPO. We have looked at the past performance in our previous note. In this note, we talk...

Hong Jie Seow

Lalitha Jewellery IPO - On Ground Feedback From Chennai

Insight on Lalitha Jewellery IPO - Discusses about channel feedback from multiple vendors, competitors in Chennai and Tamil Nadu - one of the key...

Sreemant Dudhoria

Lalitha Jewellery IPO Review: Glittering Enough?

Lalitha Jewellery is a successful south India gold retailer known for large stores and no celebrity endorsements. Is IPO attractive enough for a...

Himanshu Dugar

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Aequitas: Lalithaa Jewellery Mart IPO Trading - Sometimes, All That Glitters Is Gold

Lalithaa Jewellery Mart raised US$178m in its India IPO. We have looked at the company’s past performance and valuations in our previous notes. In...

Hong Jie Seow

Lalitha Jewellery Listing - Strong Demand and Sector Tailwinds

Insight discuss about the strong demand and sector tailwinds for the Lalitha Jewellery IPO listing today. Also discussed is the subscription status,

Sreemant Dudhoria

Aequitas: Lalithaa Jewellery Mart IPO - RHP Updates and Thoughts on Valuations

Lalithaa Jewellery is looking to raise $178m in its India IPO. We have looked at the past performance in our previous note. In this note, we talk...

Hong Jie Seow

Lalitha Jewellery IPO - On Ground Feedback From Chennai

Insight on Lalitha Jewellery IPO - Discusses about channel feedback from multiple vendors, competitors in Chennai and Tamil Nadu - one of the key...

Sreemant Dudhoria

Lalitha Jewellery IPO Review: Glittering Enough?

​Lalitha Jewellery is a successful south India gold retailer known for large stores and no celebrity endorsements. Is IPO attractive enough for a...

Himanshu Dugar

Lalitha Jewellery is a successful south India gold retailer known for large stores and no celebrity endorsements. Is IPO attractive enough for a...