Lenskart Solutions is set for a modest stock market debut on Monday. Analysts suggest investors who received allotments can book profits upon listing. The grey market premium has declined significantly. Experts recommend exiting the stock even with small gains. The IPO saw strong subscription across investor categories, particularly from qualified institutional buyers.
Authum Investment and Infrastructure, Northern Arc, DMI Housing, Kifs Housing Finance and Omkara Asset Reconstruction Company are among others in fray for the asset, said the people cited above. Authum has given an offer of Rs 750 crore, which includes Rs 450 upfront and remaining staggered over two years, while Northern Arc has offered Rs 625 crore, of which Rs 325 crore is upfront and the remaining will be paid in two years, said the people cited above.
Vodafone Idea (Vi) is expected to post another weak quarter for Q2FY26, with muted revenue growth as subscriber erosion continues and 5G-related costs weigh on profitability.
After a brief pause in October, foreign portfolio investors have resumed selling, pulling out a net Rs 12,569 crore from Indian equities so far in November amid weak global cues and risk-off sentiment.
