Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Highly experienced ex-Delta One trader with 17 years of experience trading arbitrage and related strategies across Asian markets.

Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd.

It is important to note that the information provided by Periscope Analytics is based on publicly available data and own knowledge, which has been gathered and synthesized from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions.

All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include, but are not limited to, company announcements, exchange filings, ETF and other passive investment vehicle holdings, and free float and volume data from third-party data providers. Periscope Analytics does not guarantee the accuracy and completeness of the forecasts, estimates and/or other information.

Pan-Asia Index Rebalances/ Events/ Delta One

Aequitas: PhonePe Pre-IPO - The Positives - Dominant Payment Platform

Aequitas: PhonePe Pre-IPO - The Negatives - Near Term Growth Might Be Capped

Tata Capital IPO: Big Listing, Big Valuation, Small Float

Groww IPO: Growwing Fast; Index Inclusions Will Be Sloww; Small Floww

LG Electronics India IPO: Big Market Cap, Small Float -> Small Passive Flows

Lenskart IPO: Earliest Index Inclusion in June

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Event-Driven

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<li>
<a href="https://www.smartkarma.com/entities/phonepe-pvt-ltd" target="_blank" data-smartkarma-citation="entities:34788:1" rel="noopener">Phonepe</a> is looking to list on the Indian exchanges with pre-IPO investors looking to sell 50.66m shares at a valuation of US$13.1bn and raising around US$1.3bn in the IPO.</li>
<li>The stock will not get Fast Entry to either of the global indices. The earliest inclusion in a global index should take place in September.</li>
<li>The stock should be added to the Large Cap segment in the AMFI Classification in July and to the <a href="https://www.smartkarma.com/entities/nse-nifty-next-50-index" target="_blank" data-smartkarma-citation="entities:36053:1" rel="noopener">NSE Nifty Next 50 Index</a> in September.</li>
</ul>



Phonepe is looking to list on the Indian exchanges with pre-IPO investors looking to sell 50.66m shares at a valuation of US$13.1bn and raising around US$1.3bn in the IPO.
The stock will not get Fast Entry to either of the global indices. The earliest inclusion in a global index should take place in September.
The stock should be added to the Large Cap segment in the AMFI Classification in July and to the NSE Nifty Next 50 Index in September.


S&P BSE SENSEX Index (SENSEX INDEX EQUITY)

NSE Nifty Next 50 Index (NIFTYJR INDEX EQUITY)

PhonePe IPO: Limited Float & Index Inclusion Timeline

Phonepe Pvt Ltd

PhonePe IPO: Limited Float & Index Inclusion Timeline