January 13, 2024

Altius Investech Unlisted Markets Update

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Unlisted Wrap Up January!

 

  • TATA Capital: Prices of TATA Cap zoomed from Rs. 450 to Rs. 700 in the last 2 months on the back of excellent listing of TATA Technologies and strong market sentiment. TATA Cap also posted excellent results for H1 FY 24 : (Click here to know more)
     
  • Valuation for TATA cap has zoomed to a P/B ratio of almost 13x – this is way higher than competitors like Bajaj Finance (Generally around P/B of 8x)Investors should remain cautious before taking further positions

 

IPO Updates

 

Waaree Energies filed their DRHP, details:

  1. Issue size: ₹3000 Crore
  2. Expected Timelines: 2-3 Months
  3. Current market pricing: has gone up from almost 800 to 1300/sh on back for strong results – In FY 2023 Waaree had almost posted 6750 Crores in revenue and 500 Crores in PAT 
     

Mobikwik:

  1. Issue size: ₹700 Crore
  2. Expected Timelines: 6 Months
  3. Current market pricing: has gone up from almost Rs.350 to Rs.660/sh due to IPO news and certain attribution to the good performance of paytm in the stock market

 

Ola Electric:

  1. Issue size: ₹5500 Crore
  2. Expected Timelines: 6 Months

 

Other coverings in this newsletter:

Sterlite Power secures INR 2,000 crores in new orders

 

  • Company announced a boost to its Global Products and Services (GPS) business with new orders totaling approximately INR 2,000 cr in Q2 FY24. This represents a surge of INR 700 cr compared to the previous quarter.
     
  • ​​In the first half of the fiscal year, Sterlite Power accumulated INR 3,300 crores in orders

 

  • The company has already secured major orders for projects like Power Grid Corporation of India Ltd's 765kV D/c BHADLA III - SIKAR II (Part - 1) and OPGW cable supply for Part E transmission project in Rajasthan, supporting renewable energy evacuation efforts in the western region of the country.

 

Unlisted Wrap Up January!

 

  • TATA Capital: Prices of TATA Cap zoomed from Rs. 450 to Rs. 700 in the last 2 months on the back of excellent listing of TATA Technologies and strong market sentiment. TATA Cap also posted excellent results for H1 FY 24 : (Click here to know more)
     
  • Valuation for TATA cap has zoomed to a P/B ratio of almost 13x – this is way higher than competitors like Bajaj Finance (Generally around P/B of 8x)Investors should remain cautious before taking further positions

 

IPO Updates

 

Waaree Energies filed their DRHP, details:

  1. Issue size: ₹3000 Crore
  2. Expected Timelines: 2-3 Months
  3. Current market pricing: has gone up from almost 800 to 1300/sh on back for strong results – In FY 2023 Waaree had almost posted 6750 Crores in revenue and 500 Crores in PAT 
     

Mobikwik:

  1. Issue size: ₹700 Crore
  2. Expected Timelines: 6 Months
  3. Current market pricing: has gone up from almost Rs.350 to Rs.660/sh due to IPO news and certain attribution to the good performance of paytm in the stock market

 

Ola Electric:

  1. Issue size: ₹5500 Crore
  2. Expected Timelines: 6 Months

 

Other coverings in this newsletter:

Sterlite Power secures INR 2,000 crores in new orders

 

  • Company announced a boost to its Global Products and Services (GPS) business with new orders totaling approximately INR 2,000 cr in Q2 FY24. This represents a surge of INR 700 cr compared to the previous quarter.
     
  • ​​In the first half of the fiscal year, Sterlite Power accumulated INR 3,300 crores in orders

 

  • The company has already secured major orders for projects like Power Grid Corporation of India Ltd's 765kV D/c BHADLA III - SIKAR II (Part - 1) and OPGW cable supply for Part E transmission project in Rajasthan, supporting renewable energy evacuation efforts in the western region of the country.

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