CFA Institute Live Webinars Presentation Recorded 08 Aug 2019
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 recent as 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
This is the archived version of a live webinar that took place on 08 August 2019.
About the Speaker(s)
Nitin has nearly 19 years of experience, including 17 years in equity research. Apart from leading the research team at Ambit, Nitin writes thematic pieces and equity market strategy; presently he also covers mid cap sectors and in the past has covered Engineering & Construction, Infrastructure, Cement and Building Materials sectors. Nitin also played a pivotal role in building the forensic accounting framework at Ambit to assist investors in weeding out companies with weak accounting quality. Before joining Ambit, Nitin worked with Execution Noble, Kotak, Emkay and Way2Wealth. Nitin is a Chartered Accountant, Company Secretary and cleared CFA Level-II and holds a Master’s degree in Accounts, Statistics and Financial Management from Kurukshetra University.
Shreenivas Kunte, CFA, CIPM, is a director of professional learning 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.