Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Thematic (Sector/Industry)

<ul>
<li>RBI and NPCI are rolling out the Credit Line on UPI (CLOU), allowing instant digital credit within UPI apps- effectively merging payments and lending.</li>
<li>CLOU leverages India’s most trusted digital infrastructure to expand formal credit access, especially for new-to-credit consumers, and could be the foundation for a data-driven lending model.</li>
<li>By combining UPI Credit Lines with a forthcoming Digital Payment Score (DPS), India may transition from a payments-led to a credit-led digital economy- redefining financial inclusion and retail lending economics.</li>
</ul>


RBI and NPCI are rolling out the Credit Line on UPI (CLOU), allowing instant digital credit within UPI apps- effectively merging payments and lending.
CLOU leverages India’s most trusted digital infrastructure to expand formal credit access, especially for new-to-credit consumers, and could be the foundation for a data-driven lending model.
By combining UPI Credit Lines with a forthcoming Digital Payment Score (DPS), India may transition from a payments-led to a credit-led digital economy- redefining financial inclusion and retail lending economics.


UPI’s Next Act: How Credit Lines Could Reshape India’s Retail Lending Landscape

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, 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

LG Energy Solution / Equity Capital Markets

<ul>
<li>In this note, we will take a look at the Asia Pacific IPO pipeline for 2023, specifically for India, Asia-linked ADRs, Korea, Japan and ASEAN.</li>
<li>This list has been compiled on a best effort basis from tracking the company filings and through various other sources.</li>
<li>The deals you see in this note are only a part of our full IPO pipeline tracker. Feel free to drop us a message for additional information on these IPOs.</li>
</ul>


In this note, we will take a look at the Asia Pacific IPO pipeline for 2023, specifically for India, Asia-linked ADRs, Korea, Japan and ASEAN.
This list has been compiled on a best effort basis from tracking the company filings and through various other sources.
The deals you see in this note are only a part of our full IPO pipeline tracker. Feel free to drop us a message for additional information on these IPOs.


Aequitas 2023 Asia IPO Pipeline - India, ADRs, Korea, Japan and ASEAN

Forensic Analyst, Trudence Capital Advisors

Nitin Mangal

Forensic Analyst

Trudence Capital Advisors

Trudence Capital Advisors Private Limited is a SEBI-registered Research Analyst, holding SEBI registration number INH000015747. Our firm is dedicated to providing independent and unbiased research on Indian mid to large-cap companies. Trudence Capital is known for its counter-consensus views, with a focus on forensic research and on-ground primary investigations. Our research approach is thorough, involving detailed analysis of accounting practices and governance, alongside extensive channel checks.

Independent & Unbiased Research

<ul>
<li>
<a href="https://www.smartkarma.com/entities/navi-technologies" target="_blank" data-smartkarma-citation="entities:35783:1" rel="noopener">Navi (NAVI IN)</a> is a tech-driven financial products and services company in India, with an end-to-end digital system, focusing on three key offerings i.e. lending, insurance and asset management.</li>
<li>Company has taken a major write offs in 9MF22 which may have glorified the NPA ratios. Moreover, there is an element of opaqueness on the equity issuance transaction in F20.</li>
<li>Other key forensic takeaways include high cash balances in current account, quality of goodwill, etc.</li>
</ul>



Navi (NAVI IN) is a tech-driven financial products and services company in India, with an end-to-end digital system, focusing on three key offerings i.e. lending, insurance and asset management.
Company has taken a major write offs in 9MF22 which may have glorified the NPA ratios. Moreover, there is an element of opaqueness on the equity issuance transaction in F20.
Other key forensic takeaways include high cash balances in current account, quality of goodwill, etc.


<ul>
<li>Navi Technologies (NT) aims to raise around US$500m in its India listing. NT was started by Sachin Bansal, co-founder of Flipkart which was sold to Walmart in 2018.</li>
<li>NT is a technology-driven financial products and services company. The company was only incorporated in 2018, it offers personal loans, home loans, general insurance and mutual funds. </li>
<li>In this note, we will talk about the not so positive aspects of the deal.</li>
</ul>


Navi Technologies (NT) aims to raise around US$500m in its India listing. NT was started by Sachin Bansal, co-founder of Flipkart which was sold to Walmart in 2018.
NT is a technology-driven financial products and services company. The company was only incorporated in 2018, it offers personal loans, home loans, general insurance and mutual funds. 
In this note, we will talk about the not so positive aspects of the deal.


Navi Technologies Pre-IPO - The Negatives - Still Very Much a Work-In-Progress

<ul>
<li>Navi Technologies (NT) aims to raise around US$500m in its India listing. NT was started by Sachin Bansal, co-founder of Flipkart which was sold to Walmart in 2018.</li>
<li>NT is a technology-driven financial products and services company. The company was only incorporated in 2018, it offers personal loans, home loans, general insurance and mutual funds. </li>
<li>In this note, we will talk about the positive aspects of the deal.</li>
</ul>


Navi Technologies (NT) aims to raise around US$500m in its India listing. NT was started by Sachin Bansal, co-founder of Flipkart which was sold to Walmart in 2018.
NT is a technology-driven financial products and services company. The company was only incorporated in 2018, it offers personal loans, home loans, general insurance and mutual funds. 
In this note, we will talk about the positive aspects of the deal.


Navi Technologies Pre-IPO - The Positives - Sold the First for US$20bn, Now Building One Without VCs

India

Navi Technologies Private Limited provides software solutions. The Company offers technology platform and data analytics to simplify loan application processes and tailor loan terms to 
individuals and micro, small, and medium enterprises.. Navi Technologies serves customers in India

Price Gauge
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Navi (NAVI IN)

UPI’s Next Act: How Credit Lines Could Reshape India’s Retail Lending Landscape

RBI and NPCI introduce Credit Line on UPI (CLOU) to merge payments and lending, expanding formal credit access and potentially transitioning India...

Nimish Maheshwari

Aequitas 2023 Asia IPO Pipeline - India, ADRs, Korea, Japan and ASEAN

In this note, we will take a look at the Asia Pacific IPO pipeline for 2023, specifically for India, Asia-linked ADRs, Korea, Japan and ASEAN.

Sumeet Singh

Navi Technologies- Forensic Analysis

Other key forensic takeaways include major write offs, opaqueness with respect to equity issuance in F20, high cash balances in current account,...

Nitin Mangal

Navi Technologies Pre-IPO - The Negatives - Still Very Much a Work-In-Progress

Navi Technologies (NT) aims to raise around US$500m in its India listing. NT was started by Sachin Bansal, co-founder of Flipkart which was sold to...

Sumeet Singh

Navi Technologies Pre-IPO - The Positives - Sold the First for US$20bn, Now Building One Without VCs

Navi Technologies (NT) aims to raise around US$500m in its India listing. NT was started by Sachin Bansal, co-founder of Flipkart which was sold to...

Sumeet Singh

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

UPI’s Next Act: How Credit Lines Could Reshape India’s Retail Lending Landscape

​RBI and NPCI introduce Credit Line on UPI (CLOU) to merge payments and lending, expanding formal credit access and potentially transitioning India...

Nimish Maheshwari

Aequitas 2023 Asia IPO Pipeline - India, ADRs, Korea, Japan and ASEAN

In this note, we will take a look at the Asia Pacific IPO pipeline for 2023, specifically for India, Asia-linked ADRs, Korea, Japan and ASEAN.

Sumeet Singh

Navi Technologies- Forensic Analysis

Other key forensic takeaways include major write offs, opaqueness with respect to equity issuance in F20, high cash balances in current account,...

Nitin Mangal

Navi Technologies Pre-IPO - The Negatives - Still Very Much a Work-In-Progress

Navi Technologies (NT) aims to raise around US$500m in its India listing. NT was started by Sachin Bansal, co-founder of Flipkart which was sold to...

Sumeet Singh

Navi Technologies Pre-IPO - The Positives - Sold the First for US$20bn, Now Building One Without VCs

Navi Technologies (NT) aims to raise around US$500m in its India listing. NT was started by Sachin Bansal, co-founder of Flipkart which was sold to...

Sumeet Singh

RBI and NPCI introduce Credit Line on UPI (CLOU) to merge payments and lending, expanding formal credit access and potentially transitioning India...