Vodafone Idea FPO: By the afternoon of April 22, the last day of bidding, Vodafone Idea’s follow-on public offer (FPO) has been fully subscribed 1.5 times, with investors purchasing 1,873.7 crore equity shares, according to subscription data from exchanges. The largest offering of its kind in the country, the Rs 18,000-crore FPO, saw the third-largest…
The Vodafone Idea FPO will close on Monday, April 22. It began for subscriptions yesterday, Thursday, April 18. On the first day of the share offering, 26% of the Vodafone Idea FPO subscription status was made up of non-institutional investors and qualified institutional buyers (QIBs). According to BSE statistics, retail investors only bid for 6%…
Vodafone Idea FPO: Kotak Institutional Equities hailed Vodafone Idea’s Rs 18,000 crore follow-on public offer (FPO) as a positive step forward. In their latest note, they emphasized that this move is poised to address the network coverage gap and enhance Vodafone Idea’s competitiveness against its peers to some extent. With a significant decrease in bank…
