APAC IPOs & Placements, Aequitas Research

Rosita Fernandes

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

Vikran Engineering Limited / Equity Capital Markets

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<li>
<a href="https://www.smartkarma.com/entities/vikran-engineering-limited" target="_blank" data-smartkarma-citation="entities:44015:1" rel="noopener">Vikran Engineering Limited (1635154D IN)</a> (VEL) is planning to raise about US$119m through its upcoming India IPO. </li>
<li>Vikran Engineering Limited (VEL) based in Mumbai, operates as an Engineering, Procurement &amp; Construction (EPC) firm, focusing on power, water, and railway infrastructure projects.</li>
<li>According to CRISIL Report, VEL has experienced fastest growth in profitability, with a 236.94% CAGR growth in PAT and a 130.02% CAGR growth in EBITDA between FY22 to FY24.</li>
</ul>



Vikran Engineering Limited (1635154D IN) (VEL) is planning to raise about US$119m through its upcoming India IPO. 
Vikran Engineering Limited (VEL) based in Mumbai, operates as an Engineering, Procurement &amp; Construction (EPC) firm, focusing on power, water, and railway infrastructure projects.
According to CRISIL Report, VEL has experienced fastest growth in profitability, with a 236.94% CAGR growth in PAT and a 130.02% CAGR growth in EBITDA between FY22 to FY24.


Vikran Engineering Limited Pre-IPO - Capitalizing On Core Competencies But With Concentration Risks

India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

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

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/spml-infra-ltd" target="_blank" data-smartkarma-citation="entities:10767:1" rel="noopener">Spml Infra Ltd (SPML IN)</a> successfully restructuring its debt with NARCL and paid off ~30% of its debt from arbitral award as well as cash.</li>
<li>Promoters infused funds in last 3 years to strengthen the Balance Sheet to pay off the debt as well as bidding for upcoming projects. </li>
<li>Current order book of 2000Cr will be completed in 2-3 years, planning to bid for more than 10,000Cr worth of order.</li>
</ul>



Spml Infra Ltd (SPML IN) successfully restructuring its debt with NARCL and paid off ~30% of its debt from arbitral award as well as cash.
Promoters infused funds in last 3 years to strengthen the Balance Sheet to pay off the debt as well as bidding for upcoming projects. 
Current order book of 2000Cr will be completed in 2-3 years, planning to bid for more than 10,000Cr worth of order.


The Beat Ideas: SPML Infra Limited- A Water Infra Turnaround Candidate

India

SPML Infra Ltd. is a construction and project management company.  The Company undertakes large-scale turnkey projects in the areas of water and power management, power distribution, infrastructure, and environmental projects.

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Spml Infra Ltd (SPML IN)

Vikran Engineering Limited Pre-IPO - Capitalizing On Core Competencies But With Concentration Risks

Vikran Engineering Limited plans to raise $119m in India IPO, with fastest growth in profitability according to CRISIL Report.

Rosita Fernandes

The Beat Ideas: SPML Infra Limited- A Water Infra Turnaround Candidate

Spml Infra Ltd restructures debt, pays off 30% with arbitral award and cash, promoters infuse funds to strengthen balance sheet for upcoming...

Sudarshan Bhandari

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Vikran Engineering Limited Pre-IPO - Capitalizing On Core Competencies But With Concentration Risks

​Vikran Engineering Limited plans to raise $119m in India IPO, with fastest growth in profitability according to CRISIL Report.

Rosita Fernandes

The Beat Ideas: SPML Infra Limited- A Water Infra Turnaround Candidate

​Spml Infra Ltd restructures debt, pays off 30% with arbitral award and cash, promoters infuse funds to strengthen balance sheet for upcoming...

Sudarshan Bhandari

Vikran Engineering Limited plans to raise $119m in India IPO, with fastest growth in profitability according to CRISIL Report.

Spml Infra Ltd restructures debt, pays off 30% with arbitral award and cash, promoters infuse funds to strengthen balance sheet for upcoming...