APAC IPOs & Placements, Aequitas Research

Kajal Jain

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

Travelstack Teck Pvt Ltd / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/travelstack-tech-pvt-ltd" target="_blank" data-smartkarma-citation="entities:46261:1" rel="noopener">Travelstack Teck Pvt Ltd (1527561D IN)</a>  (TTL) plans to raise around US$100m in its upcoming India IPO. The deal will be run by Motilal, IIFL and Nuvama. </li>
<li>TTL runs an asset-light private-label portfolio under FabHotels and Via, with 1,379 onboarded properties as of September 30, 2025.</li>
<li>As per 1Lattice Report, TTL’s TravelPlus, is India’s largest hotels-focused corporate travel management platform in terms of revenue in FY25</li>
</ul>



Travelstack Teck Pvt Ltd (1527561D IN)  (TTL) plans to raise around US$100m in its upcoming India IPO. The deal will be run by Motilal, IIFL and Nuvama. 
TTL runs an asset-light private-label portfolio under FabHotels and Via, with 1,379 onboarded properties as of September 30, 2025.
As per 1Lattice Report, TTL’s TravelPlus, is India’s largest hotels-focused corporate travel management platform in terms of revenue in FY25


Aequitas: Travelstack Tech Limited Pre-IPO Tearsheet

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

<ul>
<li>Aequitas Research's weekly update on the IPOs, placements, lockup expiry and other ECM linked events that were covered by the team over the past week.</li>
<li>On the IPO front, its has been an unsually busy start of the year and it looks set to get even busier.</li>
<li>On the placements front, there were only a few deals across the region, as earnings linked blackouts are set to start rolling in.</li>
</ul>


Aequitas Research's weekly update on the IPOs, placements, lockup expiry and other ECM linked events that were covered by the team over the past week.
On the IPO front, its has been an unsually busy start of the year and it looks set to get even busier.
On the placements front, there were only a few deals across the region, as earnings linked blackouts are set to start rolling in.


Aequitas: ECM Weekly (19 January 2026)- Montage, Eastroc, Longcheer, Busy Ming, Sunway, Amagi, Wuxi

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Aequitas: Travelstack Tech Limited Pre-IPO Tearsheet

Travelstack Tech Limited (TTL) plans to raise around US$100m in its upcoming India IPO. The deal will be run by Motilal, IIFL and Nuvama.

Kajal Jain

Aequitas: ECM Weekly (19 January 2026)- Montage, Eastroc, Longcheer, Busy Ming, Sunway, Amagi, Wuxi

Aequitas Research's weekly update on the IPOs, placements, lockup expiry and other ECM linked events that were covered by the team over the past week.

Sumeet Singh