Report
Clarence Chu
EUR 88.49 For Business Accounts Only

Ruchi Soya Placement

Ruchi Soya is looking to raise up to US$560m via a follow-on public offer.

The deal is almost akin to a relisting, as the free float was just at 1% prior to this deal. Given the tight float pre-deal, instead of discussing its track record and how its shares have traded, we will discuss the timeline of events leading up to the deal, past performance and undertake a peer comparison/valuation.
Underlying
RUCHI SOYA INDUSTRIES LTD

Provider
Aequitas Research
Aequitas Research

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. 

Since 2015, we have covered 400+ IPOs and 450+ placements with a hit rate of 73% and 65%, respectively. We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic analysis.
 
Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis. We also provide a more quant driven analysis on placement/follow-on offerings.
 
Markets that we cover include:
Hong Kong,
China ADRs,
India,
Japan,
Australia, and
ASEAN.

Analysts
Clarence Chu

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