APAC IPOs & Placements, Aequitas Research

Sharan Shankarnarayan

APAC IPOs & Placements

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 Capital Markets

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<a href="https://www.smartkarma.com/entities/truhome-finance" target="_blank" data-smartkarma-citation="entities:47989:1" rel="noopener">Truhome Finance (0753758D IN)</a> (THFL) is looking to raise up to US$325m in its upcoming India IPO. The deal will be run by JM Fin, Kotak, IIFL, Jefferies.</li>
<li>Truhome Finance Limited (THFL) is a retail-focused affordable housing finance company offering a comprehensive suite of secured lending products including housing loans, loans against property and others.</li>
<li>As per the CRISIL report, THFL was the third largest affordable housing finance company in India by AUM as at 9M25, with an AUM of INR 211.2bn (US$2.3bn).</li>
</ul>



Truhome Finance (0753758D IN) (THFL) is looking to raise up to US$325m in its upcoming India IPO. The deal will be run by JM Fin, Kotak, IIFL, Jefferies.
Truhome Finance Limited (THFL) is a retail-focused affordable housing finance company offering a comprehensive suite of secured lending products including housing loans, loans against property and others.
As per the CRISIL report, THFL was the third largest affordable housing finance company in India by AUM as at 9M25, with an AUM of INR 211.2bn (US$2.3bn).


Aequitas: Truhome Finance Limited Pre-IPO Tearsheet

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.

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<li>Powerica Ltd is looking to raise about US$160m in its upcoming India IPO.</li>
<li>Powerica Limited is a leading Indian power solutions company whose core business lies in assembling and supplying diesel generator (DG) sets powered by engines from Cummins, supported by in-house manufacturing. </li>
<li>In this note we talk about the company's historical performance.</li>
</ul>


Powerica Ltd is looking to raise about US$160m in its upcoming India IPO.
Powerica Limited is a leading Indian power solutions company whose core business lies in assembling and supplying diesel generator (DG) sets powered by engines from Cummins, supported by in-house manufacturing. 
In this note we talk about the company's historical performance.


Aequitas: Powerica Ltd Pre-IPO- Integrated Power Solutions Provider

Moneyview Limited / Equity Capital Markets

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<a href="https://www.smartkarma.com/entities/moneyview-limited" target="_blank" data-smartkarma-citation="entities:47611:1" rel="noopener">Moneyview Limited (1588198D IN)</a> (MVL) is looking to raise up to US$327m in its upcoming India IPO. The deal will be run by Axis, BofA, IIFL and Kotak.</li>
<li>Moneyview Limited (MVL) is a consumer and focused, digital only, credit-led financial services platform for middle India customers providing access to a suite of financial products on its  mobile application.</li>
<li>Personal loans is its flagship offering, personalized through in-house AI/ML segmentation and risk models. </li>
</ul>



Moneyview Limited (1588198D IN) (MVL) is looking to raise up to US$327m in its upcoming India IPO. The deal will be run by Axis, BofA, IIFL and Kotak.
Moneyview Limited (MVL) is a consumer and focused, digital only, credit-led financial services platform for middle India customers providing access to a suite of financial products on its  mobile application.
Personal loans is its flagship offering, personalized through in-house AI/ML segmentation and risk models. 


Aequitas: Moneyview Limited Pre-IPO Tearsheet

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.

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<li>Lohia Corp (LC) is looking to raise about US$183m in its upcoming India IPO.  Lohia Corp is a manufacturer of machinery and equipment used in the production of technical textile.</li>
<li>LC is a market leader in India’s Raffia machinery industry, with a 40.7% domestic market share by value and 15.4% share among global players, providing end-to-end manufacturing solutions.</li>
<li>In this note we talk about the company's historical performance.</li>
</ul>


Lohia Corp (LC) is looking to raise about US$183m in its upcoming India IPO.  Lohia Corp is a manufacturer of machinery and equipment used in the production of technical textile.
LC is a market leader in India’s Raffia machinery industry, with a 40.7% domestic market share by value and 15.4% share among global players, providing end-to-end manufacturing solutions.
In this note we talk about the company's historical performance.


Aequitas: Lohia Corp Pre-IPO- Strengthening Global Presence Amid Cyclical Pressures

TecDo Technology / Equity Capital Markets

Tec-Do, headquartered in Guangzhou, is dedicated to empowering businesses with AI technology for global commercial success. Building on our "Martech Multi-Agent" and " Tec-Chi" technology architecture, we provide an end-to-end AI solution encompassing global market insight, creative generation, and intelligent advertising delivery.

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<a href="https://www.smartkarma.com/entities/tecdo-technology-co-limited" target="_blank" data-smartkarma-citation="entities:47571:1" rel="noopener">TecDo Technology (1994647D CH)</a> (TECDOT) plans to raise around US$100m in its upcoming Hong Kong IPO. The deal will be run by CICC, JPM and GF Sec.</li>
<li>TECDOT is an AI mar-tech company delivering marketing solutions for global business growth. Powered by Tec-Chi multi-modal large language models, enterprises leverage its marketing solutions to drive customer acquisition worldwide.</li>
<li>TECDOT launched Navos in 2025, described by F&amp;S as one of the world’s first marketing multi-agent applications, an AI platform that manages campaigns and converts natural-language prompts into marketing content.</li>
</ul>



TecDo Technology (1994647D CH) (TECDOT) plans to raise around US$100m in its upcoming Hong Kong IPO. The deal will be run by CICC, JPM and GF Sec.
TECDOT is an AI mar-tech company delivering marketing solutions for global business growth. Powered by Tec-Chi multi-modal large language models, enterprises leverage its marketing solutions to drive customer acquisition worldwide.
TECDOT launched Navos in 2025, described by F&amp;S as one of the world’s first marketing multi-agent applications, an AI platform that manages campaigns and converts natural-language prompts into marketing content.


Aequitas: TecDo Technology Co Limited Pre-IPO Tearsheet

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%.