In today’s briefing:
- XAG Technologies Pre-IPO Tearsheet
- Leskart Solutions IPO- Covered-Up Deal?
- Softcare Pre-IPO: Decent Cornerstones, Riding on Africa Growth
XAG Technologies Pre-IPO Tearsheet
- XAG Technology (XAG HK) is looking to raise at least US$100m in its upcoming Hong Kong IPO. The deal will be run by Huatai.
- Guangzhou Xaircraft Technology Co., Ltd. (XAG) is a global leader in agricultural robotics.
- The company integrates robotics, artificial intelligence, and renewable energy to create comprehensive solutions that make farming more efficient and sustainable.
Leskart Solutions IPO- Covered-Up Deal?
- Lenskart Solutions (0370405Z IN) much-awaited IPO, comprising a fresh issue of INR 21.5 bn and offer for sale of 127.5 mn shares, is set to open for subscription this week.
- We also find it surprising to note that the company purchased Dealskart, a profitable company with EBITDA of INR 2.33 bn for an insignificant sum of INR 20 mn.
- Company was able to report in FY25 is mainly on account of “Other Income” by accounting for gains from lower deferred consideration to boost its Profitability.
Softcare Pre-IPO: Decent Cornerstones, Riding on Africa Growth
- Softcare (SOFT HK) is looking to raise up to US$307m in its upcoming Hong Kong IPO.
- It is an international hygiene product corporation with a focus on fast-growing Emerging Markets including Africa, Latin America and Central Asia.
- In this note, we examine the IPO dynamics, and look at the firm’s valuation.
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