In today’s briefing:
- Deepexi Technology Pre-IPO: Decent Topline Growth But Still Unprofitable
- Canara HSBC Life Insurance IPO Trading – Muted Demand All Round
- Runwal Developers Pre-IPO Tearsheet
Deepexi Technology Pre-IPO: Decent Topline Growth But Still Unprofitable
- Deepexi Technology is looking to raise US$100m in its upcoming Hong Kong IPO.
- Deepexi Tech has demonstrated strong topline growth, with declines in average order value being offset by growth in customers. Despite growth in the topline, the company still remains deeply unprofitable.
- In this note, we look at the company’s past performance.
Canara HSBC Life Insurance IPO Trading – Muted Demand All Round
- Canara HSBC Life Insurance (CHLI) (2908709Z IJ) raised about US$284m from its India IPO.
- CHLI is an Indian private life insurer, promoted by Canara Bank and HSBC Insurance (Asia-Pacific) Holdings, offering a range of life insurance products tailored for both individual and group customers.
- In this note, we will talk about the trading dynamics.
Runwal Developers Pre-IPO Tearsheet
- Runwal Developers (1639241D IN) is looking to raise about US$225m in its upcoming India IPO. The deal will be run by ICICI Securities, BOBCap, IIFL, JM Financial.
- Runwal Developers is a real estate development company based in India. It is primarily engaged in lifestyle-oriented projects with a diversified portfolio across multiple segments.
- Its core business lies in real estate development, encompassing the development of land, sale of land, and Transferable Development Rights (TDRs), along with the construction and operation of residential townships.
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