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

Survival Technologies / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/survival-technologies" target="_blank" data-smartkarma-citation="entities:36720:1" rel="noopener">Survival Technologies (1279515D IN)</a> is looking to raise around US$121m in its upcoming India IPO. The deal will be run by JM Financial, and ICICI Securities.</li>
<li>Survival Technology (ST) is a contract research and manufacturing services (CRAMS) focused speciality chemical manufacturer in India.</li>
<li>As per CRISIL, the firm is one of the leading CRAMS companies in India in terms of manufacturing of select chemical products as of Mar 22.</li>
</ul>



Survival Technologies (1279515D IN) is looking to raise around US$121m in its upcoming India IPO. The deal will be run by JM Financial, and ICICI Securities.
Survival Technology (ST) is a contract research and manufacturing services (CRAMS) focused speciality chemical manufacturer in India.
As per CRISIL, the firm is one of the leading CRAMS companies in India in terms of manufacturing of select chemical products as of Mar 22.


Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

<ul>
<li>Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs</li>
<li>On the IPO front,  only the smaller issuers were active with most following through on year end listing plans.</li>
<li>On placements front, HK market got going in a jiffy, riding on the coattails of China reopening.</li>
</ul>


Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs
On the IPO front,  only the smaller issuers were active with most following through on year end listing plans.
On placements front, HK market got going in a jiffy, riding on the coattails of China reopening.


ECM Weekly (8th Jan 2022) - Sinohytec, Beauty Farm, Sula, Kfin, Bionote, Meidong, CIFI, Jinxin Fert

<ul>
<li>
<a href="https://www.smartkarma.com/entities/vikram-solar" target="_blank" data-smartkarma-citation="entities:36670:1" rel="noopener">Vikram Solar (0490158D IN)</a> is looking to raise around US$260m in its upcoming India IPO. </li>
<li>Vikram Solar (VS) is an integrated solar photo-voltaic (PV) modules producer and an integrated solar energy solutions provider.</li>
<li>As per CRISIL, it was one of India’s largest module manufacturers and held a 19% domestic market share, as per operational module capacity.</li>
</ul>



Vikram Solar (0490158D IN) is looking to raise around US$260m in its upcoming India IPO. 
Vikram Solar (VS) is an integrated solar photo-voltaic (PV) modules producer and an integrated solar energy solutions provider.
As per CRISIL, it was one of India’s largest module manufacturers and held a 19% domestic market share, as per operational module capacity.


Vikram Solar Pre-IPO - Has Diversified Its Sales, Although Concentration Risk Remains High

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

Thematic (Sector/Industry)

<ul>
<li>The India-Australia Economic Cooperation and Trade Agreement (INDAUS ECTA) has come into force this week onward.</li>
<li>Out of the plethora of goods and services to be influenced, we find the wine industry especially in India could be an interesting beneficiary.</li>
<li>Given that Australia is one of the bigger wine exporters, expansion into the Indian market might change the dynamics of domestic wine industry, and players like <a href="https://www.smartkarma.com/entities/sula-vineyards-ltd" target="_blank" data-smartkarma-citation="entities:36206:1" rel="noopener">Sula Vineyards (1332009D IN)</a>. </li>
</ul>


The India-Australia Economic Cooperation and Trade Agreement (INDAUS ECTA) has come into force this week onward.
Out of the plethora of goods and services to be influenced, we find the wine industry especially in India could be an interesting beneficiary.
Given that Australia is one of the bigger wine exporters, expansion into the Indian market might change the dynamics of domestic wine industry, and players like Sula Vineyards (1332009D IN). 


India Australia ECTA- Threat to Domestic Wine Leaders?

Kfin Technologies  / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/kfin-technologies" target="_blank" data-smartkarma-citation="entities:36609:1" rel="noopener">KFin Technologies (1804170D IN)</a> raised around US$180m in its India IPO. The IPO had been a 100% OFS.</li>
<li>KFin Technology (KFin) is a technology driven financial services platform providing comprehensive services and solutions to the capital markets ecosystem.</li>
<li>We have looked at various aspects of the deal in our previous note, in this note, we talk about the demand and trading dynamics.</li>
</ul>



KFin Technologies (1804170D IN) raised around US$180m in its India IPO. The IPO had been a 100% OFS.
KFin Technology (KFin) is a technology driven financial services platform providing comprehensive services and solutions to the capital markets ecosystem.
We have looked at various aspects of the deal in our previous note, in this note, we talk about the demand and trading dynamics.


KFin Technologies IPO Trading - Previous Deals with Lackluster Demand Had Mixed Debuts

India

Sula Vineyards Limited provides alcoholic beverages. The Company offers wines, sprits, and malt beverage products. Sula Vineyards serves customers in India.

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

Sula Vineyards (SULA IN)

Survival Technology Pre-IPO Tearsheet

Survival Technologies (1279515D IN) is looking to raise around US$121m in its upcoming India IPO. The deal will be run by JM Financial, and ICICI...

Clarence Chu

ECM Weekly (8th Jan 2022) - Sinohytec, Beauty Farm, Sula, Kfin, Bionote, Meidong, CIFI, Jinxin Fert

Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.

Sumeet Singh

Vikram Solar Pre-IPO - Has Diversified Its Sales, Although Concentration Risk Remains High

Vikram Solar (0490158D IN) is looking to raise around US$260m in its upcoming India IPO. VS is an integrated solar photo-voltaic modules producer...

Clarence Chu

India Australia ECTA- Threat to Domestic Wine Leaders?

Given that Australia is one of the bigger wine exporters, expansion into the Indian market might change the dynamics of domestic wine industry, and...

Nitin Mangal

KFin Technologies IPO Trading - Previous Deals with Lackluster Demand Had Mixed Debuts

KFin Technologies (1804170D IN) raised around US$180m in its India IPO. We have looked at various aspects of the deal in our previous note, in this...

Clarence Chu

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)