WHAT IS FPO
Vi expects to clear all vendor dues in FY26, say analysts
According to Vodafone Idea management, proceeds from Rs 18,000 crore FPO and proposed Rs 25,000 crore debt funding would enable telco to also upgrade network, say analysts.
Indus Towers confident of cash flow boost in FY25
Indus Towers expects cash flows to improve in FY25 as it’s confident of quickly recovering its backlog of past dues from key customer, Vodafone Idea (Vi), especially as the latter has recently raised Rs 18,000 crore via the follow-on public offer (FPO) route.
Election season, so what? IPO floodgates to stay open in May
May's IPO frenzy continues with companies raising funds despite election season volatility. Vodafone Idea FPO oversubscribed 7 times, Bharti Hexacom trading at a 52% premium. ICICI and Kotak remain positive. Ola Electric plans $1 billion IPO.
What to expect from the Indian stock market next week? Ashi Anand answers
Pharma is something that we are expecting to do reasonably well. Consumption is another segment and it is a very important part of the market, but consumption growth is clearly kind of subdued.
FPO to put Voda Idea on growth path: SBI chairman
SBI chairman Khara credited Vi's FPO success to Birla's leadership, highlighting the telco's funding programs and competition goals. The retail investor trust in the Aditya Birla Group reflects confidence in Vi's future growth in the telecom sector.
Vodafone Idea tumbles 10% after listing of FPO shares today
Vodafone Idea shares tumbled 10% to Rs 11.8 in Thursday's NSE trading session following the listing of its follow-on public offer (FPO) shares on the bourses. However, the shares opened at a 7.2% premium compared to their FPO issue price of Rs 11.
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Retail investors get full allotment in Vodafone Idea FPO. What to expect from listing?
The Rs 18,000 crore FPO, which is the largest India has seen so far, received decent from investors overall, but most of the heavy listing was done by institutional and non-institutional investors.
Lava International plans to raise Rs 600 cr via IPO in FY26
The company also plans to expand its manufacturing and R&D efforts, after starting to design its devices in-house. It is part of the government's production-linked incentive scheme, but has failed to qualify for incentives for the first two years of the scheme.
Why Deepak Shenoy would avoid Vi FPO but invest in these 3 themes instead
Deepak Shenoy's Capital Mind ventures into various sectors with a focus on power transformers, hospitality, and financial investments. Uncertainty surrounds the FOMO crowd's return, Vodafone FPO, and the evolution of the diagnostics space. Sheoy also days: "On the pricing power front, travel and hospitality has really increased in the last year or so. So, something could have fundamentally changed there."
What to expect from consumer durable stocks going ahead? Sandip Sabharwal answers
It is a bull market and a lot of people are trying to play this thing. In fact, I got queries that should we sell off Bharti Airtel and move that money into Vodafone Idea.
Voda Idea, Indiabulls RE to be stocks of the year; 2 more stocks to buy: Sanjiv Bhasin
Sanjiv Bhasin from IIFL Securities offers insights on various stocks and sectors. He recommends Idea, Vedanta, Maruti, Indiabulls Real Estate, and Vodafone Idea. Bhasin says: "For me, today belongs to Vodafone Idea. This FPO is the only opportunity to get the stock at Rs 11. This is going to be the stock of the year." His analysis covers HDFC Bank, Reliance Industries, GAIL, Wipro, and HCL Tech among others.
Why this maverick investor is betting on Vodafone Idea
America's GQG Partners, known for successful bets on Adani companies, is now investing $400 million in Vodafone Idea's share sale, a move seen as a major endorsement for the struggling telecom giant. Vi, facing massive debt and structural issues, hopes the fund-raise will strengthen its position in the market.
Most investors convinced about India's telecom story: Akshaya Moondra, Vodafone Idea
Now, in terms of the discussions with these investors, I believe, everybody is convinced about the India story. Everybody is convinced about the India telecom story because the industry today has a very right structure with three private players.
FPO funds to take care of Vi’s capex needs for 3 years: Akshaya Moondra, CEO
The balance sheet doesn’t pose any worries, with bank debt at less than Rs 4,500 crore, Moondra said, adding that the FPO will raise enough money to meet capital expenditure needs for three years, with 4G expansion the priority. This will help narrow and ultimately stem subscriber losses and lead to a financial turnaround.
Indus expects Vi to clear full dues worth Rs 5,700 cr soon, open to payment in tranches
Indus Towers anticipates Vodafone Idea clearing its Rs 5,700 crore dues soon, potentially in one payment or in installments, following VIL's fundraising. Indus Towers' CEO expresses optimism, highlighting their support for VIL's growth plans, including 5G rollout. VIL aims to raise Rs 45,000 crore, partly through equity and debt.
Go for MFIs that can either become M&A targets or gobble up others: Mahantesh Sabarad
Mahantesh Sabarad discusses stock market growth, Vodafone FPO's impact, KYC standardization, gold financing, healthcare sector opportunities, and potential in the microfinance sector with a focus on M&A activities. Sabarad says: "A lot of M&A activities are likely to happen in microfinance space. A lot of PE interest also exists. "
Hold Sun Pharma and Dr Reddy's; buy Natco on dips among pharma stocks: Mayuresh Joshi
Mayuresh Joshi shares insights on pharma and telecom sectors, focusing on key players like Sun Pharma, Dr Reddy's, Bharti Hexacom, and Exide. The discussion also includes Vodafone's FPO and the potential of Li-Ion battery makers.
Slightly bearish on the market; if you have raised cash, stay on the sidelines: Sanjiv Bhasin
Sanjiv Bhasin discusses Vodafone Idea's resilience, market cap, and long-term potential in the telecom sector. He says promoter's investment in Vodfone IDEA showcases confidence amidst challenges. The focus is on survival, growth through capex, and market share retention for sustained performance. Overall, Bhasin says he is slightly bearish on the market. "I would advocate that if you have raised cash, then stay on the sidelines. "
GQG, SBI MF eye Rs 6,600 crore investments in Vodafone Idea's Rs 18,000 crore FPO: Report
The US-based GQG is planning to invest about $500 million, while SBI Mutual Fund is considering an investment of $200-300 million in the FPO, the report said further.
Medi Assist Healthcare IPO to open for subscription on January 15. Check details
Medi Assist Healthcare issue is completely an offer for sale, where promoters and other shareholders plan to sell 2.8 crore shares of the company. On listing, Medi Assist will be the first insurance third-party administrator (TPA) in India to hit Dalal Street.
Innova Captab listing tomorrow: Here's what GMP indicates ahead of debut
The shares of Innova Captab will debut on the exchanges on Friday. Ahead of the listing, the company's shares are commanding a premium of Rs 61 in the unlisted market.
Muthoot Microfin raises Rs 285 crore from anchor investors ahead of IPOmarkets IPO FPO
The company has allocated 97,93,812 shares to 26 anchor investors. These include foreign portfolio investors like Morgan Stanley, Societe Generale, Copthall Mauritius Investment.
After IREDA listing, what next? DIPAM secy says no plan for LIC FPO at the moment
“There is no withdrawal of RFP for the IDBI Bank. It is under strategic disinvestment. One of the RFPs is for Asset Valuer, which was revised and very soon it will come again. We looked at it. We did not have sufficient bids so therefore, we have re-looked at it and I think possibly as soon as next week, you know, that again RFP will be out.”
TVS Supply Chain Solutions IPO: What GMP signals ahead of subscription on Thursday?
Investors can bid for 76 shares in one lot and in multiples thereafter. About 75% of the offer is reserved for qualified institutional buyers, 15% for non-institutional investors and 10% for retail investors
Cyient DLM IPO: What GMP indicates ahead of subscription
Cyient DLM is set to start its initial public offering on Tuesday, offering shares in the range of Rs 250-265 with a total value of up to Rs 592 crore. Ahead of the IPO, the company's shares have commanded a premium of Rs 90 in the unlisted markets. At the upper price band, Cyient DLM is available at P/E of 66.2x FY23 earnings. The firm specialises in the entire lifecycle of an electronics product, including design, build and maintenance, and is offering a fresh issue of equity shares.
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