The IPO activity is expected to cool a bit this week. Only three IPOs are set to open, including the Rs 3,395-crore offer from pharma company Anthem Biosciences on the mainboard. The other two are from the SME segment. Meanwhile, three companies are lined up to list on the stock exchanges, following seven listings in the previous week.
Anthem Bioscience’s initial issue is priced at 47.4x TTM EV/EBITDA compared to peer average of 42.7x TTM EV/EVITDA. Even though, the issue seems to be priced higher than the peer average, we believe it demands a premium led by stronger growth, industry leading margins, steady profitability and deep capability to produce complex products. We assign a “SUBSCRIBE” rating to the issue.
manufacturing. Company is one of the few companies in India with integrated New Chemical Entity (NCE) and New Biological Entity (NBE) capabilities across drug discovery,...
Anthem Biosciences Ltd. is a fast-growing innovation-led CRDMO (Contract Research Development and Manufacturing Organization) in India, offering endto-end services across drug discovery, development and manufacturing for both New Chemical Entity (NCE) and New Biological Entity (NBE). Serving global biotech and pharma companies, the company reached Rs 1,000 cr in revenue...
Smartworks Coworking Spaces initial issue is priced at 5.8x TTM EV/EBITDA compared to 14.4x of its domestic listed peer and industry avg. of 6.8x TTM EV/EBITDA of global listed peers. Moreover, the issue is priced at 20.4x FY25 EV/Adj. Cash EBITDA compared to 49.9x FY25 EV/Adj. Cash EBITDA of its domestic listed peer.
Company an office experience and managed Campus platform. As of March 31, 2024, company was the largest managed campus operator, amongst the benchmarked operators in terms of total stock, with a lease signed portfolio of 8.0 million square feet. Company have leased, and company manage a total SBA of 8.99 million square feet as of March 31, 2025. Company strive to make Enterprises and their employees in India more productive at work by providing value-centric pricing and superior office...
Incorporated in 2015, Smartworks Coworking Spaces Ltd (SCSL) is engaged in the business of customized managed workspace solutions, offering fully serviced, tech-enabled office environments with aesthetic...
Smartworks Coworking Spaces Ltd (SCSL) is an office experience and managed campus platform with a leased & managed total super built-up area (SBA) of 8.99 mn sq ft across 50 centres and 15 cities as of Mar'25. SCSL was the largest managed campus operator amongst peers in terms of total stock as of Mar'24. The company operates by leasing entire bare-shell properties in prime location from landlords and transforming them into fully serviced, aesthetically pleasing and tech-enabled campuses. The company's capacity as of Jun'25 stood at 2,31,548 total seats across 48 operational campuses (1,90,421 seats), 2 fit-out...
The primary market will be busy next week as investors will see six new IPOs, including two from the mainboard segment. Alongside, four companies are scheduled to list on the stock exchanges this week, following 24 listings in the previous week.
We expect the Company to continue expanding its presence over the country and overseas both into QSR outlets and lounges. We assign a “SUBSCRIBE” rating to the issue and advice the investors to remain invested for the long-term.
Travel Food Services Ltd (TFS) is a leading player in the Indian Airport Travel QSR and Lounge industry. As of FY25, the company accounted for ~26%/45% market share in the Indian Airport Travel QSR and the Indian Airport Lounge sectors respectively in terms of revenue. The company's Travel QSRs are predominantly situated within airports while, the Lounge business comprises of designated areas within airport terminals. As of Mar'25, TFS operated 442 Travel QSRs across India & Malaysia and 37...
Company is a B2B education platform for agents and global institutions of higher education offering international student recruitment solutions to global institutions of higher education in United Kingdom, Canada, Republic of Ireland, Australia and New Zealand (ANZ). Student recruitment solutions from India into the United Kingdom is company's strength as a result of company's strong relationships built over time with global...
The primary market is set for a busy week, with nine IPOs opening for subscription, including one from the mainboard segment. Alongside, 15 companies are scheduled to list on the stock exchanges this week, following six listings in the previous week.
Crizac Ltd., is a B2B education platform for agents and global institutions of higher education. It offers international student recruitment solutions to global institutions of higher education. Crizac was founded in 2011 and is based out of Kolkata, West Bengal, with co-primary operations in London, United Kingdom. The company mainly serves institutions in the United Kingdom, Canada, Republic of Ireland, Australia and New Zealand (ANZ) with student recruitment solutions from India into the United Kingdom being the core strength of the company. It operates a proprietary technology platform that offers real-time...
Company is engaged in the business of manufacturing of crop protection products, plant nutrients and biologicals in India. Company manufacture Spiromesifen technical with the minimum purity of 96.5% in 2019. Company is also one of the first few indigenous manufacturers of Pyrazosulfuron Ethyl technical, with the minimum purity of 97% indigenously in India and commenced production in 2018. Company is also a growing exporter of crop protection, plant nutrients and biologicals...
