Aavas Financiers IPO Review: Is it investment worthy?

Aavas Financiers Ltd. (AFL) (incorporated as AU Housing Finance Pvt. Ltd.) is a retail, affordable housing finance company. BUSINESS The company primarily serving low and middle income self employed customers in semi-urban and rural areas in India. A majority of its customers have limited access to formal banking credit. According to an ICRA Report, the … Read more

Garden Reach Shipbuilders and Engineers IPO Review: Should you invest?

Garden Reach Shipbuilders & Engineers Ltd. (GRSE) is a shipbuilding company in India under the administrative control of the MoD (Ministry of Defense). BUSINESS The company primarily adheres to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard. In addition to its ship and warship building capabilities, the company is engaged in … Read more

IRCON International IPO Review: Does the issue make the investment cut?

IRCON International Ltd. (IRCON) is an integrated Indian engineering and construction company, specializing in major infrastructure projects.  BUSINESS The company constructs railways, highways, bridges, flyovers, tunnels, aircraft maintenance hangars, runways, EHV sub-stations, electrical and mechanical works, commercial and residential properties, development of industrial areas, and other infrastructure activities. The company provides EPC services on a … Read more

CreditAccess Grameen IPO review: Does it warrant an investment?

CreditAccess Grameen Ltd. (CAGL) is a leading Indian micro-finance institution headquartered in Bangalore, focused on providing micro-loans to women customers predominantly in rural areas in India. Business According to CRISIL Research, CAGL is the third largest NBFC-MFI in India in terms of gross loan portfolio as of March 31, 2017. The company’s wide range of … Read more

TCNS Clothing IPO Review: Fully priced, but long-term investors can invest

TCNS Clothing Co. Ltd. (TCNS) is India’s one of the leading women’s branded apparel company in terms of total number of exclusive brand outlets as of May 2018 (according to Technopak). Business It designs, manufactures, markets and retails a wide portfolio of women’s branded apparel across multiple brands across India and through multiple distribution channels. … Read more

Varroc Engineering IPO: Consider for long term

Varroc Engineering Ltd. (VEL) is a global tier-1 automotive component group catering to OEMs. It designs, manufactures and supplies exterior lighting systems, plastic and polymer components, electrical-electronics components, and precision metallic components to passenger car, commercial vehicle, two-wheeler, three-wheeler and off highway vehicle (“OHV”) OEMs directly worldwide. Business VEL is the second largest Indian auto … Read more

Rites IPO can be considered for long term investment

Rites Limited (Rites) (erstwhile known as Rail India Technical & Economic Services Ltd.) is a wholly owned Government Company, a Miniratna (Category – I) Schedule ‘A’ Public Sector Enterprise and a leading player in the transport consultancy and engineering sector in India and the only company having diversified services and geographical reach in this field … Read more

ICICI Securities IPO: investors may consider for long-term

ICICI Securities Ltd. (I-sec) is a leading technology-based securities firm in India that offers a wide range of financial services including brokerage, financial product distribution and investment banking and focuses on both retail and institutional clients. It has been the largest equity broker in India since fiscal 2014 by brokerage revenue and active customers in … Read more