Analysis of new equity issuance (IPOs, Placements)

Equity Capital Markets

Actionable bottom-up long/short Insights on equities

Equity Bottom-Up

Analysis of unicorns, and other large, disruptive private companies

Private Capital Markets

Thematic (Sector/Industry)

Analysis of corporate actions with a defined catalyst, such as M&As, spin-offs, demergers, and discount arbitrage (e.g., holdco, share-class)

Event-Driven

India

Hong Kong

China

Blue Dart Express Limited operates a courier service and an integrated express package distribution company.  The Company offers delivery of packages and documents in India and throughout the world.

LMW Limited (formerly Lakshmi Machine Works Limited) is an Indian manufacturer of textile machinery, producing the entire range of spinning machinery. The company has diversified into CNC machine tools, heavy castings, and components for the aerospace and defense sectors. LMW Limited was founded in 1962 and is headquartered in Coimbatore, Tamil Nadu, India.

Greaves Cotton Limited is a diversified engineering company that manufactures powertrain products for various fuel types, heavy equipment, and electric mobility solutions. The company operates across automotive, non-automotive, and electric mobility sectors, providing engines, generator sets, farm equipment, and aftermarket services. Greaves Cotton is headquartered in Mumbai, Maharashtra, India, and was established in 1859.

Ashok Leyland is an Indian multinational automotive manufacturer and a flagship company of the Hinduja Group. It is the second-largest manufacturer of commercial vehicles in India and the fourth-largest manufacturer of buses globally, offering a comprehensive range of trucks, buses, light commercial vehicles, power solution systems, and defense vehicles. The company was founded in 1948 and is headquartered in Chennai, Tamil Nadu, India.

Delhivery is an Indian logistics and supply chain company that provides technology-enabled services, including express parcel delivery, part-truckload (PTL) and full-truckload (FTL) freight, integrated supply chain solutions, and warehousing. It offers comprehensive solutions for e-commerce and B2B commerce, leveraging a proprietary technology stack. The company was founded in May 2011 and is headquartered in Gurugram, Haryana, India.

Lohia Corp Limited offers textile machinery. The Company offers tape winders, circular looms, coating lines, printing, and special purpose machinery. Lohia Corp serves customers in India.

Unicommerce provides an e-commerce enablement Software-as-a-Service (SaaS) platform, offering end-to-end management of e-commerce operations for brands, sellers, and logistics providers. Its comprehensive suite of products includes warehouse and inventory management systems, multi-channel order management, omni-channel retail management, and post-order services like logistics tracking and payment reconciliation. The company is headquartered in Gurugram, India, and was founded in 2012.

Powerica Limited is looking to raise US$160m in its upcoming India IPO. The deal will be run by IIFL Capital, ICICI Securities and Nuvama.

Caterpillar Inc. designs, manufactures and markets construction, mining and forestry machinery. The Company also manufactures engines  and other related parts for its equipment, and offers financing and insurance. Caterpillar distributes its products through a worldwide organization of dealers.

Industrials

Financials

Information Technology

Energy

Consumer Discretionary

Health Care

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.

APAC IPOs & Placements, Aequitas Research

Sharan Shankarnarayan

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%.

Sharan Shankarnarayan
APAC IPOs & Placements
• Aequitas Research

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