Ngern Tid Lor IPO lock-up
Ngern Tid Lor (NTL), a financial service provider based in Thailand, raised around US$1bn in its Thailand IPO in May 2021.NTL provides hire purchase loans for motorcycles and cars, along with new and used trucks. It also provides insurance brokerage services through its branches for non-life and life insurance. It offers motor insurance, compulsory motor insurance, personal accident insurance, cancer insurance, and loan insurance.
In this note, we will talk about the lock-up dynamics and updates since our last note.
Our previous notes on the IPO:
Ngern Tid Lor Pre-IPO - Pre-COVID growth track record has been very strong,
Ngern Tid Lor Pre-IPO - Peer Comparison - Playing Catch up After Being Left Behind
Ngern Tid Lor IPO - Not Really at a Large Discount but the Overall Sector Has Been Doing Very Well, and
Ngern Tid Lor IPO Trading - Should Be a Steady Listing
Bank of Ayudhya Public Co. is engaged in commercial banking business. Co. has two segments: retail,which provides a range of banking products and services including current and savings accounts, fixed deposits, bill of exchange, housing loan, credit cards, personal loans and sale finance loans, hire-purchase and leasing, wealth management and bancassurance products; and commercial, which provides products and services comprising a range of credit facilities from short term working capital, cash management, trade finance, transactional banking and treasury and money markets products. As of Dec 31 2014, Co. had total assets of Baht1,214.27 trillion and total deposits of Baht837.56 billion.
Aequitas Research is a leading ECM research firm with a focus on IPOs and placements/follow-on offerings across the Asia Pacific with deal size of over USD100m.
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