APAC IPOs & Placements, Aequitas Research

Clarence Chu

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

Lava International / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/lava-international" target="_blank" data-smartkarma-citation="entities:34998:1" rel="noopener">Lava International (9263793Z IN)</a> is looking to raise around US$188m in its upcoming India IPO. The deal will be run by Axis Capital, BOB Capital, DAM Capital, and SBI Capital.</li>
<li>Lava International is a mobile device manufacturer in India that covers the entire end-to-end process, from designing and manufacturing to distribution and servicing mobile handsets, tablets and other electronics accessories.</li>
<li>According to F&amp;S, the firm had a market share of 10.2% in the less than US$70 equivalent range market in India, in terms of sales volume in FY21.</li>
</ul>



Lava International (9263793Z IN) is looking to raise around US$188m in its upcoming India IPO. The deal will be run by Axis Capital, BOB Capital, DAM Capital, and SBI Capital.
Lava International is a mobile device manufacturer in India that covers the entire end-to-end process, from designing and manufacturing to distribution and servicing mobile handsets, tablets and other electronics accessories.
According to F&amp;S, the firm had a market share of 10.2% in the less than US$70 equivalent range market in India, in terms of sales volume in FY21.


External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

External broker reports(aggregated public sources)

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Sapphire Foods India / Equity Capital Markets

<p>Sapphire Foods is increasingly working on its omni-channel strategy and focusing on delivery channels. The company has adopted a hybrid model of maintaining a significant owned online delivery platform and also working...</p>
<div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Sapphire Foods is increasingly working on its omni-channel strategy and focusing on delivery channels. The company has adopted a hybrid model of maintaining a significant owned online delivery platform and also working...
Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<p><a href="https://www.smartkarma.com/entities/delhivery-pvt-ltd" target="_blank" data-smartkarma-citation="entities:33471:1" rel="noopener">Delhivery (1058656D IN)</a> is looking to raise US$1bn in its upcoming India IPO. The deal will be run by Kotak, Morgan Stanley, Bank of America, and Citigroup.</p><p>Delhivery is an online logistics service provider which covers express parcel delivery, heavy goods delivery, part truckload (PTL) freight, truckload (TL) freight, supply chain solutions, cross border solutions etc.. It also provides value-added services such as e-commerce return services, installation and assembly services and fraud detection. As of Jun 2021 (1Q22), it had 21,342 active customers and had a postal index number (PIN) code reach of 17,045.</p>

Delhivery (1058656D IN) is looking to raise US$1bn in its upcoming India IPO. The deal will be run by Kotak, Morgan Stanley, Bank of America, and Citigroup.Delhivery is an online logistics service provider which covers express parcel delivery, heavy goods delivery, part truckload (PTL) freight, truckload (TL) freight, supply chain solutions, cross border solutions etc.. It also provides value-added services such as e-commerce return services, installation and assembly services and fraud detection. As of Jun 2021 (1Q22), it had 21,342 active customers and had a postal index number (PIN) code reach of 17,045.

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

<div>
<p>Sapphire Foods Limited (SFL), one of Yum Brand’s franchisee in the Indian subcontinent, aims to raise around US$280m via its Indian IPO. Its core business is to operate KFC, Pizza Hut and Taco Bell in the Indian subcontinent.</p>
<p>We covered most aspects of the deal in our earlier note, <a href="https://www.smartkarma.com/insights/sapphire-foods-ipo-delivery-growing-stores-shrinking" target="_blank" rel="noopener">Sapphire Foods IPO - Delivery Growing, Stores Shrinking.</a></p>
</div><div><p>In this note we will talk under take a peer comparison and talk about valuations.</p></div>


Sapphire Foods Limited (SFL), one of Yum Brand’s franchisee in the Indian subcontinent, aims to raise around US$280m via its Indian IPO. Its core business is to operate KFC, Pizza Hut and Taco Bell in the Indian subcontinent.
We covered most aspects of the deal in our earlier note, Sapphire Foods IPO - Delivery Growing, Stores Shrinking.
In this note we will talk under take a peer comparison and talk about valuations.

Sapphire Foods IPO - Peer Comp and Valuation

<p>Sapphire Foods Limited (SFL), one of Yum Brand’s franchisee in the Indian subcontinent, aims to raise around US$280m via its Indian IPO. Its core business is to operate KFC, Pizza Hut and Taco Bell in the Indian subcontinent.</p><p>In this note we will talk about the company's background and past performance</p>

Sapphire Foods Limited (SFL), one of Yum Brand’s franchisee in the Indian subcontinent, aims to raise around US$280m via its Indian IPO. Its core business is to operate KFC, Pizza Hut and Taco Bell in the Indian subcontinent.In this note we will talk about the company's background and past performance

Sapphire Foods IPO - Delivery Growing, Stores Shrinking

India

Sapphire Foods India Limited is a prominent omnichannel restaurant operator and a primary franchisee for YUM! Brands Inc. The company develops, manages, and operates a vast network of Quick Service Restaurants (QSRs) under the KFC, Pizza Hut, and Taco Bell brands across India, Sri Lanka, and the Maldives. Established in 2009, its headquarters are located in Mumbai, Maharashtra, India.

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Sapphire Foods India (SAPPHIRE IN)

Lava International Pre-IPO Tearsheet

Lava International (9263793Z IN) is looking to raise around US$188m in its upcoming India IPO. The deal will be run by Axis Capital, BOB Capital,...

Clarence Chu

Sapphire Foods: IPO

Sapphire Foods is increasingly working on its omni-channel strategy and focusing on delivery channels. The company has adopted a hybrid model of...

ICICI Securities Limited

Delhivery Pre-IPO Tearsheet

Delhivery (1058656D IN) is looking to raise US$1bn in its upcoming India IPO. The deal will be run by Kotak, Morgan Stanley, Bank of America, and...

Clarence Chu

Sapphire Foods IPO - Peer Comp and Valuation

Sapphire Foods Limited, one of Yum Brand’s franchisee in the Indian subcontinent, aims to raise around US$280m via its Indian IPO. Its core...

Sumeet Singh

Sapphire Foods IPO - Delivery Growing, Stores Shrinking

Sapphire Foods Limited, one of Yum Brand’s franchisee in the Indian subcontinent, aims to raise around US$280m in its Indian IPO. It operates KFC,...

Sumeet Singh

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