Shriram Finance - Strong Latent Demand, ROA 3.08% from 2.70%, Stage 2 Loans -14%, +25% Profit 1Q24
Shriram Finance now includes 2 subsidiaries in earnings, and assets. Its ROA is up to 3.08% from 2.70% YoY in 1Q24. Stage 2 loans -14% YoY can mean...
317 Views
Fusion Micro Finance IPO Trading - Weak Demand Seems Justified
Fusion Micro Finance Ltd (1053199D IN) raised approximately US$134m in its India IPO. In this note, we talk about the demand for the deal and the...
266 Views
Ujjivan Reverse Merger: Behind the Dull Response
The share swap ratio clearly showcases a significant merger arbitrage opportunity. However, there has been no major interest in this very visible...
611 Views
India – Not Time
There are discreet risks in India related to the impact of poor air quality and the syndemic, but also with respect to pre-existing financial...
186 Views
ESAF Small Finance Bank Pre-IPO - Growing Fast but Remains Highly Dependant on a Related Party
ESAF Small Finance Bank (ESAFSFB from hereon) aims to raise up to US$150m in its India IPO. Its roots can be traced back to the 90’s even though...
350 Views