IDBI Bank Disinvestment Ready! When Will Next Course Of Financial Bidding Will Start? | Dipam Secy

The past week saw domestic markets close marginally lower amid volatility. Key highlights included SBI’s 0.9% rise in Q1 net profit, Titans slight profit decrease, and Divi’s Labs’ 21% profit growth. Airtel, ONGC, and Marico were noted for upcoming Q1 results, while Infosys had significant regulatory updates.

Stocks in news: SBI, Airtel, ONGC, Titan, Infosys, JSW Steel, IDBI Bank

The finance ministry is likely to provide private data room access to potential bidders of IDBI Bank as soon as next week after it received a fit and proper nod for three suitors from the RBI.

IDBI Bank stock gains 3% as RBI okays 3 bidders for majority stake sale

IDBI Bank Stake Sale: This will allow interested bidders to obtain detailed financial information about the bank to carry out due diligence

IDBI Bank potential bidders likely to get data room access next week

The Centre and the Life Insurance Corporation of India (LIC) will be offloading 61 percent stake in the bank, which comprises of 30.48 percent stake of the Government of India and 30.24 percent of LIC.

Three potential suitors for IDBI Bank stake sale secured ‘Fit & Proper’ certificate from RBI: Report

The Reserve Bank of India has approved Fairfax Financial Holdings, Emirates NBD, and Kotak Mahindra Bank as bidders for a majority stake in IDBI Bank. The Indian government and Life Insurance Corp plan to sell 60.7%. Approved bidders will receive access to IDBI Bank’s private data after evaluation. Bid submissions are expected by the end of the fiscal year.

Kotak to buy IDBI Bank? RBI identifies eligible bidders for state bank’s stake sale

Strong free cash flow generation, minimal capital requirements, high ROEs and strong payouts make the company an attractive franchise, says the brokerage.

Castrol India Q2 Results Review - Performance Inline With Expectations: IDBI Capital

IDBI Bank Privatisation | 3 Potential Suitors Given 'Fit & Proper' Certificate By RBI: Sources

Race For IDBI Bank: Govt Looks To Offload 60.7% Stake In IDBI Bank | NDTV Profit Exclusive

The company is expected to increase its capacity by 27% / 11% in FY25E and FY26E and currently the expansion programme is on track, says the brokerage.

Ambuja Cements Q1 Results Review - Growth Expected In H2 FY25: IDBI Capital

NDTV Profit Exclusive: Fairfax, Emirates NBD, Kotak Mahindra Bank Lead Race For IDBI Bank #Shorts

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

IDBI Bank Limited  provides personalized banking and financial solutions to its clients. Its segments include wholesale banking, retail banking and treasury services.

IDBI Bank Ltd