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

Kalpataru Limited / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/kalpataru-limited" target="_blank" data-smartkarma-citation="entities:43866:1" rel="noopener">Kalpataru Limited (KTARU IN)</a> is looking to raise about US$184m in its upcoming India IPO.</li>
<li>Kalpataru (KL) is an integrated real estate developer involved in identification and acquisition of land, planning, designing, execution, sales, and marketing of its projects.</li>
<li>In this note, we take a quick look at the company’s past performance and the IPO valuations.</li>
</ul>



Kalpataru Limited (KTARU IN) is looking to raise about US$184m in its upcoming India IPO.
Kalpataru (KL) is an integrated real estate developer involved in identification and acquisition of land, planning, designing, execution, sales, and marketing of its projects.
In this note, we take a quick look at the company’s past performance and the IPO valuations.


Kalpataru Ltd IPO - Cemented by Debt Repayment

Equity Analyst - Fundamental & Thematic, Sree Capital

Sreemant Dudhoria,CFA

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

Equity Bottom-Up

<ul>
<li>We highlight small cap companies that experienced significant insider buying during May 2025, as reported on the stock exchanges.</li>
<li>As May 2025 is a earnings season month ,very few companies reported insider transactions. However, we should expect increased buy transactions once the earnings season concludes.</li>
<li>Real Estate, Media, Power, Industrials and Financial services are top sectors which saw insider buying in the small cap universe.</li>
</ul>


We highlight small cap companies that experienced significant insider buying during May 2025, as reported on the stock exchanges.
As May 2025 is a earnings season month ,very few companies reported insider transactions. However, we should expect increased buy transactions once the earnings season concludes.
Real Estate, Media, Power, Industrials and Financial services are top sectors which saw insider buying in the small cap universe.


Prices Drop, Eyes Pop: Insider Buying Update – May 2025 (Small Cap Companies)

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>The RBI’s March 2025 surveys highlight a balanced recovery, with easing inflation expectations, strong rural sentiment, and sector-specific growth prospects across banking, manufacturing, and services.</li>
<li>With moderate credit growth and consumer confidence improving, sectors like agri-finance, retail, and infrastructure are poised for growth, while inflationary pressures and currency depreciation may impact import-dependent companies.</li>
<li>India's economic recovery is steady, with sector-specific positioning crucial. As rural confidence rises and inflation expectations moderate, growth opportunities are more identifiable, especially in rural finance and manufacturing.</li>
</ul>


The RBI’s March 2025 surveys highlight a balanced recovery, with easing inflation expectations, strong rural sentiment, and sector-specific growth prospects across banking, manufacturing, and services.
With moderate credit growth and consumer confidence improving, sectors like agri-finance, retail, and infrastructure are poised for growth, while inflationary pressures and currency depreciation may impact import-dependent companies.
India's economic recovery is steady, with sector-specific positioning crucial. As rural confidence rises and inflation expectations moderate, growth opportunities are more identifiable, especially in rural finance and manufacturing.


External reports (aggregated public sources), Value Investors Club

Value Investors Club (VIC)

External reports (aggregated public sources)

Value Investors Club

<ul><li>Sunteck is a leading real estate developer in India, with a focus on Mumbai residential projects.</li><li>The company operates in a branded segment known for project delays and customer deposit issues, but Sunteck's strong brand reputation sets it apart.</li><li>Sunteck's asset-lite approach and profitable partnerships with landowners make it a promising investment opportunity in the growing Mumbai real estate market.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Sunteck is a leading real estate developer in India, with a focus on Mumbai residential projects.The company operates in a branded segment known for project delays and customer deposit issues, but Sunteck's strong brand reputation sets it apart.Sunteck's asset-lite approach and profitable partnerships with landowners make it a promising investment opportunity in the growing Mumbai real estate market.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

External broker reports(aggregated public sources), Prabhudas Lilladhar

Prabhudas Lilladhar

External broker reports(aggregated public sources)

Prabhudas Lilladher is one of India's leading research based financial services organisation.

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.

<ul><li>Prabhudas Lilladher's research report onSunteck Realty Sunteck Reality (SRIN) reported healthy pre-sales of Rs. 6.8bn; increased 26% YoY and 49% QoQ.</li><li>Collections almost double QoQ adjusted for treasury security sale in Q3.</li><li>SRIN’s proven ability to market ultra-luxury projects, aggressive and multi-pronged land acquisition capabilities in various micro markets across Mumbai Metropolitan Region (MMR) is an interesting play on Mumbai’s high value real estate market.</li></ul>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.

Prabhudas Lilladher's research report onSunteck Realty Sunteck Reality (SRIN) reported healthy pre-sales of Rs. 6.8bn; increased 26% YoY and 49% QoQ.Collections almost double QoQ adjusted for treasury security sale in Q3.SRIN’s proven ability to market ultra-luxury projects, aggressive and multi-pronged land acquisition capabilities in various micro markets across Mumbai Metropolitan Region (MMR) is an interesting play on Mumbai’s high value real estate market.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.

Sunteck Realty - Naigaon Project Revenue Recognition Aided Profitability

India

Sunteck Realty Ltd. develops real estate.

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Sunteck Realty (SRIN IN)

Kalpataru Ltd IPO - Cemented by Debt Repayment

Kalpataru Limited (KL) is looking to raise about US$184m in its upcoming India IPO. In this note, we take a quick look at the company’s past...

Akshat Shah

Prices Drop, Eyes Pop: Insider Buying Update – May 2025 (Small Cap Companies)

In the last few days of the month, notable insider buy transaction is seen. The details are mentioned in the comments for better clarity. The...

Sreemant Dudhoria,CFA

RBI Forward-Looking Survey Analysis

RBI surveys show balanced recovery in India, with rural sentiment strong and growth prospects in banking, manufacturing, and services. Sector...

Nimish Maheshwari

Sunteck (SRIN) - Wednesday, Jun 12, 2024

Sunteck's asset-lite approach and profitable partnerships with landowners make it a promising investment opportunity in the growing Mumbai real...

Value Investors Club (VIC)

Sunteck Realty - Naigaon Project Revenue Recognition Aided Profitability

Prabhudas Lilladher's research report onSunteck Realty Sunteck Reality (SRIN) reported healthy pre-sales of Rs. 6.8bn; increased 26% YoY and 49% QoQ.

Prabhudas Lilladhar

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Kalpataru Ltd IPO - Cemented by Debt Repayment

Kalpataru Limited (KL) is looking to raise about US$184m in its upcoming India IPO. In this note, we take a quick look at the company’s past...

Akshat Shah

Prices Drop, Eyes Pop: Insider Buying Update – May 2025 (Small Cap Companies)

In the last few days of the month, notable insider buy transaction is seen. The details are mentioned in the comments for better clarity. The...

Sreemant Dudhoria,CFA

RBI Forward-Looking Survey Analysis

​RBI surveys show balanced recovery in India, with rural sentiment strong and growth prospects in banking, manufacturing, and services. Sector...

Nimish Maheshwari

Sunteck (SRIN) - Wednesday, Jun 12, 2024

Sunteck's asset-lite approach and profitable partnerships with landowners make it a promising investment opportunity in the growing Mumbai real...

Value Investors Club (VIC)

Sunteck Realty - Naigaon Project Revenue Recognition Aided Profitability

Prabhudas Lilladher's research report onSunteck Realty Sunteck Reality (SRIN) reported healthy pre-sales of Rs. 6.8bn; increased 26% YoY and 49% QoQ.

Prabhudas Lilladhar

RBI surveys show balanced recovery in India, with rural sentiment strong and growth prospects in banking, manufacturing, and services. Sector...