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IPO Watch: Wakefit Innovations files draft papers with SEBI for ₹468 crore IPO
IPO Watch: Wakefit Innovations files draft papers with SEBI for ₹468 crore IPO

Mint

time6 days ago

  • Business
  • Mint

IPO Watch: Wakefit Innovations files draft papers with SEBI for ₹468 crore IPO

IPO Watch: Wakefit Innovations Limited has filed its draft red herring prospectus (DRHP) with the capital market regulator, Securities and Exchange Board of India (SEBI), for an initial public offering (IPO). Wakefit, founded in 2016, has emerged as the fastest-growing indigenous brand in India's home and furnishings sector among organised competitors, reaching a total income of over ₹ 1,000 crores by March 31, 2024. The company offers an extensive array of mattresses, furniture, and home accessories, which it markets through its own platforms (including its website and COCO – Stores) as well as through external channels (like prominent e-commerce sites and multi-brand retailers). Wakefit operates five manufacturing plants, with two located in Bengaluru, Karnataka, two in Hosur, Tamil Nadu, and one in Sonipat, Haryana. These facilities are equipped with advanced imported machinery and automation technologies, such as robotic arms and roller belts, which enhance the production workflow and minimise waste. For the fiscal year 2024, Wakefit reported a revenue from operations of ₹ 986.3 crore, along with ₹ 971 crore for the nine-month period ending December 31, 2024. As outlined in the DRHP, the upcoming IPO of the Bengaluru-based firm consists of a fresh issuance of equity shares totaling up to ₹ 468.2 crore, along with an offer for sale (OFS) of 5,83,99,085 equity shares (5.83 crore shares) by the current shareholders. Wakefit intends to allocate the proceeds from the Fresh Issue towards financing capital expenditures of ₹ 82 crores to establish 117 new COCO – Regular Stores and one COCO – Jumbo Store; ₹ 15.4 crores for capital expenditures related to acquiring new equipment and machinery; ₹ 145 crores for costs associated with lease, sub-lease rent, and license fees for existing stores; ₹ 108.4 crores for marketing and advertising expenses aimed at increasing brand awareness and visibility, while the remaining funds will be directed towards general corporate purposes. The Book Running Lead Managers for this issuance include Axis Capital Limited, IIFL Capital Services Limited, and Nomura Financial Advisory and Securities (India) Private Limited.

IPO Watch: Wakefit Innovations files draft papers with SEBI for  ₹468 crore IPO
IPO Watch: Wakefit Innovations files draft papers with SEBI for  ₹468 crore IPO

Mint

time6 days ago

  • Business
  • Mint

IPO Watch: Wakefit Innovations files draft papers with SEBI for ₹468 crore IPO

IPO Watch: Wakefit Innovations Limited has filed its draft red herring prospectus (DRHP) with the capital market regulator, Securities and Exchange Board of India (SEBI), for an initial public offering (IPO). Wakefit, founded in 2016, has emerged as the fastest-growing indigenous brand in India's home and furnishings sector among organised competitors, reaching a total income of over ₹ 1,000 crores by March 31, 2024. The company offers an extensive array of mattresses, furniture, and home accessories, which it markets through its own platforms (including its website and COCO – Stores) as well as through external channels (like prominent e-commerce sites and multi-brand retailers). Wakefit operates five manufacturing plants, with two located in Bengaluru, Karnataka, two in Hosur, Tamil Nadu, and one in Sonipat, Haryana. These facilities are equipped with advanced imported machinery and automation technologies, such as robotic arms and roller belts, which enhance the production workflow and minimise waste. For the fiscal year 2024, Wakefit reported a revenue from operations of ₹ 986.3 crore, along with ₹ 971 crore for the nine-month period ending December 31, 2024. As outlined in the DRHP, the upcoming IPO of the Bengaluru-based firm consists of a fresh issuance of equity shares totaling up to ₹ 468.2 crore, along with an offer for sale (OFS) of 5,83,99,085 equity shares (5.83 crore shares) by the current shareholders. Wakefit intends to allocate the proceeds from the Fresh Issue towards financing capital expenditures of ₹ 82 crores to establish 117 new COCO – Regular Stores and one COCO – Jumbo Store; ₹ 15.4 crores for capital expenditures related to acquiring new equipment and machinery; ₹ 145 crores for costs associated with lease, sub-lease rent, and license fees for existing stores; ₹ 108.4 crores for marketing and advertising expenses aimed at increasing brand awareness and visibility, while the remaining funds will be directed towards general corporate purposes. The Book Running Lead Managers for this issuance include Axis Capital Limited, IIFL Capital Services Limited, and Nomura Financial Advisory and Securities (India) Private Limited. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.

The Vita Coco Company, Inc. (COCO): A Bull Case Theory
The Vita Coco Company, Inc. (COCO): A Bull Case Theory

Yahoo

time24-06-2025

  • Business
  • Yahoo

The Vita Coco Company, Inc. (COCO): A Bull Case Theory

We came across a bullish thesis on The Vita Coco Company, Inc. (COCO) on Hidden Market Gems' Substack. In this article, we will summarize the bulls' thesis on COCO. The Vita Coco Company, Inc. (COCO)'s share was trading at $33.19 as of 11th June. COCO's trailing and forward P/E were 33.49 and 28.82 respectively according to Yahoo Finance. George Dolgikh/ Vita Coco Company (NASDAQ: COCO), a leading player in the natural beverage space, is shaping up to be an underappreciated growth story with significant upside potential. Despite a recent dip in quarterly sales, the company surprised the market by raising its financial outlook for 2024, signalling strong confidence in its operational resilience and underlying demand trends. At a trading price of $33.19, the stock remains meaningfully undervalued compared to its estimated fair value of $57.09, offering a compelling entry point for investors. The broader macro tailwinds in the health and wellness beverage market continue to strengthen, as consumers increasingly favor natural, low-calorie hydration options over traditional sugary drinks. Vita Coco stands to benefit significantly from this shift, not just because of its strong brand identity and distribution network, but also due to its disciplined execution in a challenging retail environment. The recent disconnect between fundamentals and share price performance reflects temporary market misperception rather than long-term weakness. With a refreshed strategic focus and a product that resonates with both health-conscious and mainstream consumers, Vita Coco is well-positioned to ride the wave of natural beverage adoption. As earnings visibility improves and sentiment around the sector rebounds, COCO could see a re-rating closer to its intrinsic value. For investors seeking a growth story with improving fundamentals and clear catalysts, Vita Coco offers an attractive risk/reward profile anchored in a secularly growing category. Previously, we covered a on PepsiCo (PEP) in May 2025 by Charts&Companies that emphasized its undervaluation relative to Coca-Cola, highlighting a more diversified business model, stronger adjusted free cash flow growth, and a lower PEG ratio. While PEP offers defensive value and yield through its mature snack-beverage mix, COCO presents a higher-growth, higher-risk opportunity riding secular wellness trends—an intriguing contrast between legacy strength and emerging potential. The Vita Coco Company, Inc. (COCO) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 18 hedge fund portfolios held COCO at the end of the first quarter which was 20 in the previous quarter. While we acknowledge the risk and potential of COCO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Sign in to access your portfolio

COCO On The Go Celebrates 10 Years of Confident, Couture-Infused Athleisure
COCO On The Go Celebrates 10 Years of Confident, Couture-Infused Athleisure

Miami Herald

time18-06-2025

  • Entertainment
  • Miami Herald

COCO On The Go Celebrates 10 Years of Confident, Couture-Infused Athleisure

From a spark of inspiration in Brazil to closets across the country, COCO On The Go marks a decade of redefining elevated athleisure, and dressing the women who move the world. LOS ANGELES, CA / ACCESS Newswire / June 17, 2025 / This year marks the 10th anniversary of COCO On The Go, the luxury athleisure brand known for blending everyday movement with head-turning design. Worn by some of LA's most stylish women - from TV personalities to tastemakers and wellness insiders - COCO has become synonymous with the kind of confidence you can feel, stretch, and live in. Founder Nicole Bowyer, the visionary behind COCO On The Go's fashion-forward athleisure. Photo by Frankie Batista Studio. Founded in 2015 by Nicole Bowyer, the idea for COCO began on a trip to Brazil where Bowyer was struck by the unapologetic confidence of women embracing their bodies without hesitation. That moment became the heartbeat of the brand: helping women silence self-criticism and get dressed without judgment. Ten years later, COCO has evolved into a lifestyle staple, found in exclusive locations like LifeTime Fitness, MGM Resorts like Aria and the prestigious Cosmopolitan. The elevated brand is a favorite of The Real Housewives of Orange County and other influential women across wellness, fashion, and media. With its signature silk-blend jacquard, sculpting silhouettes, and breathable four-way stretch, each piece is made to move, taking women seamlessly from workout to work, errands to evening. "There's nothing more powerful than a woman who feels good in her skin," says Bowyer. "COCO was created to give women that feeling, every single day." COCO's journey has been anything but ordinary. In the early days, Bowyer and her mom once spent hours hand heat-pressing logos onto garments after receiving a shipment with missing labels. That same resourcefulness and love still drives the brand today. COCO On The Go model poses in the LA hills above the coast in the Mint Cove sports bra and leggings. Photography by Charlotte Batista. As COCO On The Go enters its next decade, the brand is setting its sights on expanded retail presence, including the launch of its first brick-and-mortar location. With aspirations to be carried by top-tier retailers like Neiman Marcus, Saks Fifth Avenue, and Nordstrom, COCO is ready to bring its signature blend of movement, versatility, and modern femininity to women across the globe. Explore the full collection at inquiries, samples, or founder interviews: chatterbox@ SOURCE: Chatterbox Brands

Vita Coco Company, Inc. (COCO) Registers a Bigger Fall Than the Market: Important Facts to Note
Vita Coco Company, Inc. (COCO) Registers a Bigger Fall Than the Market: Important Facts to Note

Yahoo

time06-06-2025

  • Business
  • Yahoo

Vita Coco Company, Inc. (COCO) Registers a Bigger Fall Than the Market: Important Facts to Note

Vita Coco Company, Inc. (COCO) closed at $34.10 in the latest trading session, marking a -1.47% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 0.53%. Elsewhere, the Dow lost 0.26%, while the tech-heavy Nasdaq lost 0.83%. The company's stock has dropped by 2.51% in the past month, falling short of the Consumer Staples sector's gain of 1.44% and the S&P 500's gain of 5.17%. The upcoming earnings release of Vita Coco Company, Inc. will be of great interest to investors. The company is forecasted to report an EPS of $0.38, showcasing a 18.75% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $163.07 million, reflecting a 13.15% rise from the equivalent quarter last year. COCO's full-year Zacks Consensus Estimates are calling for earnings of $1.15 per share and revenue of $582.16 million. These results would represent year-over-year changes of +7.48% and +12.82%, respectively. Investors should also pay attention to any latest changes in analyst estimates for Vita Coco Company, Inc. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Right now, Vita Coco Company, Inc. possesses a Zacks Rank of #3 (Hold). From a valuation perspective, Vita Coco Company, Inc. is currently exchanging hands at a Forward P/E ratio of 30.18. This indicates a premium in contrast to its industry's Forward P/E of 19.63. One should further note that COCO currently holds a PEG ratio of 1.82. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. COCO's industry had an average PEG ratio of 2.55 as of yesterday's close. The Beverages - Soft drinks industry is part of the Consumer Staples sector. This industry, currently bearing a Zacks Industry Rank of 53, finds itself in the top 22% echelons of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. To follow COCO in the coming trading sessions, be sure to utilize Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Vita Coco Company, Inc. (COCO) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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