Bandhan Bank IPO Preview: Poor People, Rich Returns
Bandhan Bank is a commercial bank focused on microfinance services in the underbanked and underpenetrated markets in India. Bandhan is targeting a...
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Equitas: Solid Operator
We initiate coverage on Equitas Holdings Ltd/India (EQUITAS IN) with a buy. Equitas, a leading small finance bank (SFB) led by an ex-Cholamandalam...
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IndusInd-BFIL Talks Signal that Demonetization Linked Troubles of Microfinance Sector Are Temporary
IndusInd-Bharat Financial announced a 30 days exclusivity period for merger talks starting yesterday and the street has taken it v positively with...
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Mahanagar Gas IPO - Provides Enough Discount but Might Not Be a High-Flyer
Mahanagar Gas's (MGL) two main shareholders, Gail India Ltd and British Gas, plan to raise US$150m through this IPO by selling 12.5% stake each. We...
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Ujjivan Financial IPO - Morphing into a Bank Gives It a License to Mint Money While Doing Some Good
Ujjivan Financial Services (UFS), a microfinance lender plans to raise US$130m in its IPO, through an issuance of a mix of primary and secondary...
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