Author name: Bhavik Kotecha

A Finance professional, with a deep knowledge, understanding and experience of equity markets in India.

Route Mobile Limited

Route mobile was founded in 2004, it is a leading Cloud Communication Platform provider, catering to enterprises, over-the-top (OTT) players and mobile network operators (MNO). Range of enterprise communication services includes smart solutions in Messaging, Voice, Email, and SMS Filtering, Analytics & Monetization. The detailed report about the company is provided as below.

Happiest Minds Technologies

Happiest Minds Technologies, the newest mid-cap IT services company on the block, has Quadrupled in value since the launch of its IPO in September last year. Founded in 2011, Ashok Soota started Happiest Minds with the vision to transform and modernize companies in the world with the power of digital technologies.

Barbeque Nation Hospitality Limited – IPO Note

One of the leading casual dining chains in India, Barbeque Nation pioneered the concept of “over the table barbeque” live grills embedded in dining tables – allowing guests to grill their own barbecue’s right at their tables. Indian cuisine is a natural part of the diet in the markets in which the Barbeque Nation Restaurants operate.

Easy Trip Planners Ltd. – IPO Note

Ease My Trip, established in 2008 provides investors with a unique opportunity to invest in the fast-growing online travel agency industry. Being bootstrapped, the management of the company has tended to be extremely cost conscious and this has enabled them to be profitable since inception. Their primary driver of business is that they do not charge a convenience fee and this is what sets them apart from their peers like Make My Trip, Yatra and Clear Trip.

Vinati Saraf Mutreja

Not many women in India venture into the manufacturing sector. But then, as the saying goes, there are no limits except the ones we place on ourselves.
Vinati Saraf Mutreja has over the past 15 years, proved women can belong anywhere, even in the manufacturing sector.

Lumax Industries

Lumax Industries is engaged in the production of stylish, high automotive lighting solutions. With strong collaborations and innovation, the Company accounts for a significant market share in the automobile lighting segment. It has 9 state-of-the-art manufacturing facilities all across India.
Here’s our comprehensive report on the company.

Indigo Paints – IPO Note

Indigo Paints made a humble start in FY2000, when it set up a cement paint manufacturing unit in Jodhpur, Indigo has become the fifth largest decorative paint manufacturer in India.

The company has three manufacturing facilities – in Jodhpur, Kochi and Pudukkottai, strategically located in close proximity to the company’s raw material sources.
As of FY20, the company had a distribution network of 36 depots and 11,230 active dealers and a tinting machine population of 4,296 across India. Indigo is currently present in 27 states (it is yet to enter Himachal Pradesh) and 7 union territories as of date. For FY18-20, company reported sales, PAT CAGR of 26%, 104% respectively, supported by EBITDA margin expansion of ~800 bps during the same period. Indigo has a lean balance sheet with D/E 0.2x and RoE, RoCE of ~28%, ~22% respectively. Know what do we think about this IPO by reading this detailed note.