Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of IPO & Placements for Aequitas Research. At Aequitas we cover all IPOs and placements across Asia-Pac with a deal size of at least US$100m. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%. 
Prior to Aequitas. I was heading Content Strategy for Smartkarma, along with covering IPOs & Placement. In an earlier life I have covered ASEAN property and the banking space in India.

Head of Research, IPOs & Placements

2023 High Conviction: China Tourism Duty Free - All Ready for the Next Travel Wave

2023 High Conviction - GoTo - Burnt Through All Cash From the IPO, Weakest Cash Position Among Peers

GoTo IPO Lockup Expiry Follow-Up - Has Corrected but Has Traded Relatively Little Volume

Zomato Blinkit Deal: Stains Get More Murky

Zomato (ZOMATO IN) | Food Delivery Expected to Continue Improving

Zomato IPO Lock-Up - A US$3.4bn Lockup Release Test Case for India

LG Energy IPO Lock-Up - Largest Lockup Release of the Lot at US$3bn

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Bottom-Up

<ul>
<li>Zomato is one of the largest food delivery platforms in India. It was listed in Jul 21 and after initially doubling, its shares are now trading below its IPO price.</li>
<li>It has grown its food delivery GOV by 3.5x over FY19-22 and growth remains strong, while profitablity has been improving.</li>
<li>Its recent venture into quick commerce should allow for better fleet utilisation and hence, better longer term growth and profitability.</li>
</ul>


Zomato is one of the largest food delivery platforms in India. It was listed in Jul 21 and after initially doubling, its shares are now trading below its IPO price.
It has grown its food delivery GOV by 3.5x over FY19-22 and growth remains strong, while profitablity has been improving.
Its recent venture into quick commerce should allow for better fleet utilisation and hence, better longer term growth and profitability.


FSN E-Commerce Ventures (Nykaa) (NYKAA IN)

2023年の確信度が高い：Zomato - 怠惰を届ける家

Eternal

2023年の確信度が高い：Zomato - 怠惰を届ける家