Birla ji seems very serious about VI turnaround, gave a very jubilant speech.
Speech clearly reveals VI is here to stay even after two years when debt payment will start as it clearly has govt backing. Good news for FPO allotees.
From Moneycontrol :
"In his stakeholder address at the National Stock Exchange on the listing of the Vodafone Idea FPO, Kumar Mangalam Birla, Chairman of the Aditya Birla Group, thanked the government for its commitment to preserving a competitive 3-player market. “I thank the honorable Prime Minister Shri Narendra Modi ji, the Honorable Finance Minister Smt. Nirmala Sitharaman, and the Honorable Telecom Minister Shri Ashwin Vaishnaw for their leadership and unequivocal commitment to preserving a competitive 3-player market. The policy environment today encourages investment, innovation, and competition,” he said.
Birla said India’s digital economy was booming, and robust telecom networks are crucial to supporting this growth. “A nation of 1.4 billion people deserves 3 private telecom players,” he added. Besides, he said, Vodafone was not just a telecom company but a national asset. “Vodafone Idea, today, is not just a telecom company. It is a national asset — with 215 million users, about 8000 MHz spectrum, and a network that spans Kashmir to Kanyakumari.”
1521. MKS IND IPO| Link| Bookmark|
April 25, 2024 2:43:36 PM
Top Contributor (300+ Posts, 100+ Likes)
Guys I have a query. Most of the applicants (except some from SHNI) got allotment of this FPO and prima facie it seems that every body earned (including those who sold in Pre-Open as well). My question is at whose cost everybody earned here, I mean who are the loosers ?
@MKS IND IPO If you have observed there was strong demand by QIBs (oversubscribed almost 20 times). Institutional buyers and some big players are accumulating from open markets too for some big gains at a later date. Those who have sold now in 12 or 13 may feel the pinch looking at higher levels later. For now, everyone seems to be enjoying the ride.
1521.2. colcol| Link| Bookmark|
April 25, 2024 3:14:47 PM
Top Contributor (400+ Posts, 100+ Likes)
Existing shareholders were diluted below the current market price, so they are the obvious losers.
Grab this one as much as you can. One big announcement is on the way regarding takeover by some big player. After that it will move beyond reach of anyone.
I had only use Stop Loss option. Due that glitch immediately total 27 lots were sold from upstox account. But my shares in zerodha account remains in zerodha account. What should I do now? Any guidance?
1517.4. colcol| Link| Bookmark|
April 25, 2024 2:54:51 PM
Top Contributor (400+ Posts, 100+ Likes)
You can ask upstox for an audit trail of why your order was escalated and try to escalate to SEBI , but , given that the problem was because of failure of NSE systems, I doubt you will get much out of it.
1514. Seth.| Link| Bookmark|
April 25, 2024 2:28:49 PM
IPO Guru (1200+ Posts, 600+ Likes)
Just word of caution , Whoever holding 100% allotment and huge quantity should atleast book 20% at this level of 13.90 as situation suddenly changed after 9:15 AM untill that time it was fearful and very risky so it may retrace , to be safer side book somethin to take some profit home and rest hold...
1513. MVP| Link| Bookmark|
April 25, 2024 1:52:30 PM
IPO Guru (1500+ Posts, 1100+ Likes)
Ab ki baar 14 paar. Still holding 30% of allotment.
1512.1. Chhote Lal| Link| Bookmark|
April 25, 2024 11:57:35 AM
IPO Mentor (6100+ Posts, 4500+ Likes)
There appears to be some volume mismatch in exchanges and resetting was done cancelling pending orders. One may need to place order again if wish to sell.
1512.2. MKS IND IPO| Link| Bookmark|
April 25, 2024 12:14:10 PM
Top Contributor (300+ Posts, 100+ Likes)