WEBINAR - Practitioners’ Insights: Valuing IPOs
Over the last 15 years, the number of listed companies in India has increased significantly. Many new businesses at early, growth, or mature stages were listed, creating immense wealth for investors (individual and institutional). While many created wealth, many also disappointed, especially during the boom years of power/infrastructure (2007-08) and as recently as the SME IPO pickup during the frenzy of small caps in 2017. While the principles of research for IPO stocks remain the same, additional diligence/research is required on management bandwidth, business’ ability to scale, and even the need for an IPO.
How diligent reading of draft red herring prospectus (DRHP) can make a big difference
How to think about valuations for IPOs
CFA Institute members can claim CE credit by providing their CFA Institute ID number when registering.
Nitin Bhasin is the head of research at Ambit Capital. An equity analyst for the past 15 years, he has covered sectors such as cement, E&C/infrastructure, and building materials for the last eight years. Mr. Bhasin has a master’s degree in commerce, is a qualified Chartered Accountant, and has cleared Level II of the CFA® exams. Previously, he worked with Execution Noble and Kotak Institutional Equities as a small cap analyst. Mr. Bhasin has been actively involved in training young analysts in fundamental research across sectors. Ambit analysts regularly write on IPOs ahead of the listing.
Shreenivas Kunte, CFA, CIPM, is a director of continuing education and advocacy at CFA Institute. In this role, Mr. Kunte contributes to thought leadership in the investment profession. He writes on investing topics in leading publications and represents CFA Institute at conferences and forums. Mr. Kunte serves as an external research scholar at the Indian Institute of Technology Bombay. Previously, he worked as the country trading strategist for Citi in Tokyo, Japan. He holds a degree in computer engineering from the University of Mumbai.