Equity Capital Markets: KakaoBank, Krafton Inc, Devyani International, Aptus Value Housing Finance India, Lepu Scientech Medical Technology (Shanghai) and more

In today's briefing: – Kakao Bank: Passive Supply/Demand Situation & Profit Realization Timing – Krafton IPO Trading - Relatively Weaker Demand and Uncertainty Surrounding MSCI Inclusion – Devyani International IPO: Subscribed 116.7x, Poised for Big Gains on Debut – Aptus Value Housing Finance IPO - Valuation Is Too Rich, Especially with an Over-Capitalised Book – Pre-IPO Lepu Scientech Medical Technology - High Gross Margin Does Not Mean High Moat Before it's here, it's on Smartkarma