Daily Brief Financials: SBI Shinsei Bank, India Shelter Finance and more

• 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, HK IPOs continue to be launched into the year end.
• On the placements front, there are a number of lockup expiries coming up over the next few weeks.

• India Shelter Finance is a rapidly growing housing finance company focused on the underserved affordable housing segment in India’s Tier II and Tier III cities.
• The company targets self-employed individuals, a niche with significant growth potential but also higher inherent credit risk. Its in-house, technology-driven model for loan origination and servicing is a key operational strength.
• Strong financial performance, characterized by robust AUM growth and healthy profitability, is a key attraction. However, the company’s high valuation and exposure to interest rate volatility are notable risks.

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