Sapphire Foods - Better than Expected Operating Performance
Sapphire Foods' (the second-largest franchisee operator for KFC and Pizza Hut) 3QFY25 results exceeded our expectations, driven by a stabilization...
454 Views
Travel Food Services IPO - RHP Updates & Thoughts on Valuation
Travel Food Services (TFS) is looking to raise about US$233m in its India IPO. In this note, we will talk about the RHP updates and IPO valuations.
588 Views
Canara HSBC Life Insurance IPO Trading - Muted Demand All Round
Canara HSBC Life Insurance raised about US$284m from its India IPO. In this note, we will talk about the trading dynamics.
383 Views
WeWork India IPO - Thoughts on Peer Comp and Valuation
WeWork India Management Ltd is looking to raise about US$338m in its India IPO. In this note, we talk about the peer comp and implied valuations in...
420 Views
Redefining Fast Food: Are Indian QSRs Biting off Western QSRs?
​Indian QSRs are redefining taste with local flavors, leading global giants to Indianize their menus. Listed QSRs are seeing valuations derate...
645 Views