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>What is a stress test? How it is being calculated?</li>
<li>Key Takeaways of Mutual Fund's Stress Test Results. What should investors know?  </li>
<li>Flaws in SEBI's Stress Testing Results and Way Ahead for investors</li>
</ul>


What is a stress test? How it is being calculated?
Key Takeaways of Mutual Fund's Stress Test Results. What should investors know?  
Flaws in SEBI's Stress Testing Results and Way Ahead for investors


India’s Mutual Fund Stress Testing Is Not the Solution Which Is Need of Hour.

APAC IPOs & Placements, Aequitas Research

Akshat Shah

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

Dr Agarwal's Health Care Ltd / Equity Capital Markets

Dr Agarwal's Health Care Ltd (8140044Z IN)

<ul>
<li>
<a href="https://www.smartkarma.com/entities/dr-agarwal-s-health-care-ltd" target="_blank" data-smartkarma-citation="entities:43984:1" rel="noopener">Dr Agarwal's Health Care Ltd (8140044Z IN)</a> raised around US$350m in its India IPO in Jan 2025. The lockup on its pre-IPO investors is set to expire soon.</li>
<li>Dr Agarwal’s Health Care is a healthcare/hospital chain in India providing eyecare services, including surgeries; consultations, diagnoses, non-surgical treatments; and sells opticals, contact lens, accessories and eyecare related pharmaceutical products.</li>
<li>In this note, we will talk about the lockup dynamics and possible placement.</li>
</ul>



Dr Agarwal's Health Care Ltd (8140044Z IN) raised around US$350m in its India IPO in Jan 2025. The lockup on its pre-IPO investors is set to expire soon.
Dr Agarwal’s Health Care is a healthcare/hospital chain in India providing eyecare services, including surgeries; consultations, diagnoses, non-surgical treatments; and sells opticals, contact lens, accessories and eyecare related pharmaceutical products.
In this note, we will talk about the lockup dynamics and possible placement.


Dr Agarwal’s Health Care IPO Lockup - US$725m Lockup Release; PE Investors May Look to Cash Out

Juniper Green Energy Ltd / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/juniper-green-energy-ltd" target="_blank" data-smartkarma-citation="entities:45455:1" rel="noopener">Juniper Green Energy Ltd (1831458D IN) </a>raised about US$187m in its India IPO.</li>
<li>Juniper Green Energy Limited (JGEL) is an independent power producer (IPP) engaged in the development, construction, operation, and maintenance of utility-scale renewable energy projects.</li>
<li>We have looked at the past performance and valuations in our previous note. In this note, we talk about the trading dynamics.</li>
</ul>



Juniper Green Energy Ltd (1831458D IN) raised about US$187m in its India IPO.
Juniper Green Energy Limited (JGEL) is an independent power producer (IPP) engaged in the development, construction, operation, and maintenance of utility-scale renewable energy projects.
We have looked at the past performance and valuations in our previous note. In this note, we talk about the trading dynamics.


Aequitas: Juniper Green Energy IPO Trading - Subdued Demand

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

SBI Funds Management / Equity Capital Markets

<ul>
<li>This insight compares <a href="https://www.smartkarma.com/entities/sbi-funds-management-ltd" target="_blank" data-smartkarma-citation="entities:48001:1" rel="noopener">SBI Funds Management Ltd (360103Z IN)</a> with listed peers across multiple operational, functional and financial parameters.</li>
<li>We compare these companies across 9 parameters and highlight metrics where SBI Funds lead and where it lags.</li>
<li>Finally, we compare the valuation of these companies and present our view on listing price of the company.</li>
</ul>


This insight compares SBI Funds Management Ltd (360103Z IN) with listed peers across multiple operational, functional and financial parameters.
We compare these companies across 9 parameters and highlight metrics where SBI Funds lead and where it lags.
Finally, we compare the valuation of these companies and present our view on listing price of the company.


SBI Funds Management IPO – Comparison with Listed Peers

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>SBI Funds is India's largest AMC ($308bn AUM including $132bn MF AUM with 15.3% market share). It is also the largest PMS manager (39.7% share) and SIF platform (28% share)</li>
<li>The company has been losing market share in recent years due to underperformance in several equity schemes. Starting valuations are down at PE of 38x, while peers trade at 40-50x.</li>
<li>The issue opens on 14th July @ 575 per share. A secondary with both SBI and Amundi selling 10% stake each to be pared down in the next 3 years.</li>
</ul>


SBI Funds is India's largest AMC ($308bn AUM including $132bn MF AUM with 15.3% market share). It is also the largest PMS manager (39.7% share) and SIF platform (28% share)
The company has been losing market share in recent years due to underperformance in several equity schemes. Starting valuations are down at PE of 38x, while peers trade at 40-50x.
The issue opens on 14th July @ 575 per share. A secondary with both SBI and Amundi selling 10% stake each to be pared down in the next 3 years.


SBI Funds - IPO Review - Weak Performance Impacting AUM Momentum

India

Nippon Life India Asset Management Limited is one of India's largest asset management companies, serving as the investment manager for Nippon India Mutual Fund. The company offers a diversified suite of investment solutions including mutual funds, exchange-traded funds (ETFs), portfolio management services, alternative investment funds, pension funds, and offshore advisory mandates. It was founded in 1995 and is headquartered in Mumbai, India.

Nippon Life India Asset Management (NAM IN)

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Nippon Life India Asset Management (NAM IN)

India’s Mutual Fund Stress Testing Is Not the Solution Which Is Need of Hour.

Understanding stress tests in mutual funds is crucial for investors as they reveal how funds perform under adverse conditions, but flaws in SEBI's...

Nimish Maheshwari

Dr Agarwal’s Health Care IPO Lockup - US$725m Lockup Release; PE Investors May Look to Cash Out

TPG and Temasek are selling part of their stakes , around 11% of Dr Agarwal Health Care's existing share capital, to raise around US$183m, at a...

Akshat Shah

Aequitas: Juniper Green Energy IPO Trading - Subdued Demand

Juniper Green Energy Ltd (JGEL) raised about US$187m in its India IPO. In this note, we talk about the demand and the trading dynamics.

Akshat Shah

SBI Funds Management IPO – Comparison with Listed Peers

SBI Funds Management IPO is getting listed today. The issue saw a very healthy over subscription of 41.73 times (overall). It is likely to list...

Sreemant Dudhoria

SBI Funds - IPO Review - Weak Performance Impacting AUM Momentum

SBI Funds, India's largest AMC, facing market share loss due to underperformance in equity schemes. Secondary offering at 575 per share with SBI...

Himanshu Dugar

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

India’s Mutual Fund Stress Testing Is Not the Solution Which Is Need of Hour.

​Understanding stress tests in mutual funds is crucial for investors as they reveal how funds perform under adverse conditions, but flaws in SEBI's...

Nimish Maheshwari

Dr Agarwal’s Health Care IPO Lockup - US$725m Lockup Release; PE Investors May Look to Cash Out

TPG and Temasek are selling part of their stakes , around 11% of Dr Agarwal Health Care's existing share capital, to raise around US$183m, at a...

Akshat Shah

Aequitas: Juniper Green Energy IPO Trading - Subdued Demand

Juniper Green Energy Ltd (JGEL) raised about US$187m in its India IPO. In this note, we talk about the demand and the trading dynamics.

Akshat Shah

SBI Funds Management IPO – Comparison with Listed Peers

SBI Funds Management IPO is getting listed today. The issue saw a very healthy over subscription of 41.73 times (overall). It is likely to list...

Sreemant Dudhoria

SBI Funds - IPO Review - Weak Performance Impacting AUM Momentum

​SBI Funds, India's largest AMC, facing market share loss due to underperformance in equity schemes. Secondary offering at 575 per share with SBI...

Himanshu Dugar

Understanding stress tests in mutual funds is crucial for investors as they reveal how funds perform under adverse conditions, but flaws in SEBI's...

SBI Funds, India's largest AMC, facing market share loss due to underperformance in equity schemes. Secondary offering at 575 per share with SBI...