HDFC Securities Broker Research reports

Chemplast Sanmar Limited IPO Note Issue Open: Aug 10 Aug 12 2021 Price Band: Rs. 530 541 *Issue Size: 71,164,510 eq shares (Fresh issue of 1300 cr + offer for sale of 2550 cr) *Issue Size: Rs.3771.7 3850.0 cr Reservation for: QIB atleast 75% eq sh Non Institutional atleast 15% eq sh Retail Upto 10% eq sh

Cartrade Tech Limited IPO Note Issue Open: Aug 09 Aug 11 2021 Price Band: Rs. 1585 1618 *Issue Size: 18,532,216 eq shares (Entirely Offer for sale ) Issue Size: Rs.2937.4 2998.5 cr Reservation for: QIB atleast 50% eq sh Non Institutional atleast 15% eq sh Retail Upto 35% eq sh

Aptus Value Housing Finance India Limited IPO Note Issue Open: Aug 10 Aug 12 2021 Price Band: Rs. 346 353 *Issue Size: 78,755,001 eq shares (Fresh issue of 500 cr + offer for sale of 64,590,695 eq sh cr) Issue Size: Rs.2724.9 2780.0 cr Reservation for: QIB Upto 50% eq sh Non Institutional atleast 15% eq sh Retail Upto 35% eq sh

Krsnaa Diagnostics Limited IPO Note Issue Open: Aug 04 Aug 06 2021 Price Band: Rs. 933 954 (Discount of Rs 93 for the eligible employees) *Issue Size: 12,718,392 eq shares (Fresh Issue of 400 cr + Offer for sale of 8,525,520 eq sh) Issue Size: Rs.1186.6 1213.3 cr Reservation for: QIB atleast 75% eq sh Non Institutional atleast 15% eq sh Retail Upto 10% eq sh

Devyani International Limited IPO Note Issue Open: Aug 04 Aug 06 2021 Price Band: Rs. 86 90 *Issue Size: 204,222,219 eq shares (Fresh Issue of Rs.440 cr + Offer for sale of 155,333,330 eq sh) Issue Size: Rs.1756.31 1838.0 cr Reservation for: QIB atleast 75% eq sh Non Institutional Upto 15% eq sh Retail Upto 10% eq sh Employee Upto 550,000 eq sh

Rolex Rings Limited IPO Note Issue Open: July 28 July 30 2021 Price Band: Rs. 880 900 *Issue Size: 8,122,222 eq shares (Fresh Issue of Rs.56 cr + Offer for sale of 7,500,000 eq sh) Issue Size: Rs.716-731.0 cr Reservation for: QIB Upto 50% eq sh Non Institutional atleast 15% eq sh Retail atleast 35% eq sh

Glenmark Life Sciences Limited IPO Note Issue Open: July 27 July 29 2021 Price Band: Rs. 695 720 *Issue Size: 21,022,222 eq shares (Fresh Issue of Rs.1060 cr + Offer for sale of 6,300,000 eq sh) Issue Size: Rs.1497.8-1513.6 cr Reservation for: QIB Upto 50% eq sh Non Institutional atleast 15% eq sh Retail atleast 35% eq sh

The surplus provisioning buffer of ~1% of RWA built during FY21 is likely to ease incremental provisioning; however, lenders are likely to frontload credit costs during 1HFY22 on a prudent basis. Asset growth is likely to remain muted sequentially, marred by disrupted operations, resulting in lower fee income and disbursements on a sequential basis. Benefiting from a weak pandemic-hit base-year performance (during Q1FY21), we expect our coverage universe to clock an optically strong earnings growth of 38% YoY (-2% QoQ), despite the fact that the quarter was impacted by lockdowns and a devastating second wave. While banks and NBFCs navigated FY21 relatively unscathed on asset quality, we expect signs of weakness in the form of early-bucket delinquencies, accumulation of stressed asset pool due to muted economic activity, and a softer print on collections and recoveries during 1QFY22.

Tatva Chintan Pharma Chem Limited IPO Note Issue Open: July 16 July 20 2021 Price Band: Rs. 1073 1083 *Issue Size: 4,616,805 eq shares (Fresh Issue of 225 cr + Offer for sale of 275 cr) Issue Size: Rs.500.0 cr Reservation for: QIB Upto 50% eq sh Non Institutional atleast 15% eq sh Retail Upto 35% eq sh

Zomato Limited IPO Note Issue Open: July 14 July 16 2021 Price Band: Rs. 72 76 *Issue Size: 1,233,552,632 eq shares (Fresh Issue of 9000 cr + Offer for sale of 375 cr) Issue Size: Rs.9375.0 cr Reservation for: QIB atleast 75% eq sh Non Institutional Upto 15% eq sh Retail Upto 10% eq sh