Vodafone Idea FPO News FPO Closed After 6 Times Subscription Retail Investors Participation

Vodafone Idea FPO: 18,000 crore FPO was brought to the market by Vodafone Idea. Today was the last day of subscription. This FPO (Vodafone Idea) has been subscribed 6 times. While the FPO was oversubscribed for institutional investors, the response from retail investors was not the same. This FPO has not been fully subscribed even 1 time by retail investors. 0.91 times subscription came from retail investors.

Institutional Investors Surge in Vodafone’s FPO

According to data provided by BSE, 3.6 billion shares were reserved for eligible institutional investors in Vodafone Idea’s FPO. And a total of 63,21,05, 38,776 shares have been subscribed in this category. Quota reserved for institutional investors was subscribed 17.56 times. On the other hand, 2 crore 7 lakh shares were reserved for non-institutional investors. A total of 11,14,38,94,630 share applications have been received there. In all, Vodafone Idea’s FPO was closed today after a total of 6.36 times of subscription.

Vodafone Idea will raise 18000 crores through FPO

Vodafone Idea brought the country’s largest FPO so far. It wants to raise Rs 45,000 crore from the market through equity and debt to bail out the company from financial crisis. The company has raised Rs 5400 crore from anchor investors through an equity issue at a face value of Rs 11.

Flat shares are closed

Vodafone Idea FPO subscription was launched on April 18, subscription to this FPO was closed today on April 22. A price band of Rs 10-11 per share was kept by the company. This FPO had 1298 shares in one lot. Shares of Vodafone Idea closed flat at Tk 12.90 during market close today.

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