Idea Cellular IPO Any thoughts?

bbob · #1 6th February 2007, 10:17 AM

Just wanted to know if the forthcoming Idea IPO being offered in the price band of Rs. 65-75 (tick size 90 shares) is a worthwile investment? At what P/E multiples would it be trading at the upper end and lower end of the price band? Many thanks

brushwala · #2 6th February 2007, 06:10 PM

Their Profits are negetive so far..Lets look forward to more data..Must trade equal to expected FY08 - 09 earnings multiples. PE can range upto 30 to 50 times and more..

mane_rohit82 · #3 11th February 2007, 06:03 PM

Quote:

Originally Posted by bbob

Just wanted to know if the forthcoming Idea IPO being offered in the price band of Rs. 65-75 (tick size 90 shares) is a worthwile investment? At what P/E multiples would it be trading at the upper end and lower end of the price band? Many thanks

The company though currently in profit is having brought forward losses.
Do any body have a say on this?

hithender · #4 12th February 2007, 05:51 AM

hey guys i also want to know whether its worth while investing in IDEA cellular ... pl give ur thoughts and suggestions....

anjanr · #5 12th February 2007, 11:55 AM

Fundmantally very expensive. Better to wait and buy lower at listing.

visuwithsmile · #6 12th February 2007, 06:50 PM

According to the below links On December 31, 2006, Idea Cellular had Rs 1,731.40 crore accumulated loss (including losses of the subsidiaries and SPVs) on its balance sheet.

http://www.telegraphindia.com/107020...ry_7360435.asp

http://news.google.co.in/news/url?sa...%3D17199&cid=0

Can anyone validate this data?

deepakonroll · #7 13th February 2007, 01:00 PM

this link might be useful..just check

http://www.business-standard.com/com...Left=0&chkFlg=

ritesh.l · #8 15th February 2007, 06:19 PM

Guys,

if you access http://www.nseindia.com/content/ipo/...rrent_idea.htm, you can see, that FIIs and MFs are much interested in investing in this scrip.

So no need to panic for retail investors, looks truly must buy IPO

Ritesh L

harmads · #9 16th February 2007, 12:56 PM

Hi all..

Please keep us informed about the site at which we can check the status of application.

Thanks

manishjain · #10 19th February 2007, 07:48 PM

U can always check about any IPO on Official NSE webSite...apart from that......Idea IPO has been over-subscribed by about 50 times.....so there are chances that small investors will get only a small part of the no. of shares they have subscribed for...but if u get ...then I m sure ur money is going to get doubled.....though I agree ..fundamentally its Balance sheet is not very strong.....but good future of telecom industry made it popular IPO.

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