Vodafone Idea FPO: Vodafone Idea’s Rs 18,000 crore follow-on public supply (FPO), the biggest in India’s historical past, was fully subscribed on the third day. Global institutional buyers like GQG, Capital Group, and Fidelity Investments confirmed excessive interest within the telecom firm. The part for certified institutional patrons (QIBs) was subscribed 1.23 instances, non-institutional buyers (NIIs) 1.93 instances, and the retail section 42%.
An ET report by Rajesh Mascarenhas talked about that Rajiv Jain’s GQG Partners, which had beforehand invested virtually Rs 1,350 crore in Vodafone Idea’s anchor ebook, continued to assist the corporate’s FPO. Other important overseas institutional buyers, akin to Capital Group and Fidelity Investments, additionally subscribed to the FPO, in line with banking sources.
Vodafone Idea’s FPO began off effectively on Thursday, with 26% of the problem being subscribed on the primary day of bidding. This strong preliminary response was primarily on account of excessive demand from certified institutional patrons (QIBs).
The follow-on public supply (FPO), with shares priced between Rs 10-11 every, is scheduled to shut as we speak. Last Tuesday, the loss-making telecom firm raised Rs 5,400 crore from 74 anchor buyers by promoting 4.91 billion shares at Rs 11 every.
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Shares of Vodafone elevated by 2.17% on Thursday, reaching Rs 13.20 on the Bombay Stock Exchange (BSE). The share value has greater than doubled over the previous yr.
Foreign institutional buyers, together with GQG, UBS, AustralianSuper, Fidelity, Redwheel Funds, Abu Dhabi Investment Authority, Allspring Global Investments, Morgan Stanley Investment Funds, Government Pension Fund Global, Copthall Mauritius Investment, and Societe Generale, had been amongst those that subscribed to Vodafone Idea’s anchor ebook. Domestic mutual funds like HDFC, Quant, Motilal Oswal, Baroda BNP Paribas, and 360 One had been additionally anchor buyers.
Most analysts suggested subscribing to the follow-on public supply (FPO), stating that the telecom operator’s prospects ought to enhance with the recent injection of funds from the share sale.
An ET report by Rajesh Mascarenhas talked about that Rajiv Jain’s GQG Partners, which had beforehand invested virtually Rs 1,350 crore in Vodafone Idea’s anchor ebook, continued to assist the corporate’s FPO. Other important overseas institutional buyers, akin to Capital Group and Fidelity Investments, additionally subscribed to the FPO, in line with banking sources.
Vodafone Idea’s FPO began off effectively on Thursday, with 26% of the problem being subscribed on the primary day of bidding. This strong preliminary response was primarily on account of excessive demand from certified institutional patrons (QIBs).
The follow-on public supply (FPO), with shares priced between Rs 10-11 every, is scheduled to shut as we speak. Last Tuesday, the loss-making telecom firm raised Rs 5,400 crore from 74 anchor buyers by promoting 4.91 billion shares at Rs 11 every.
ALSO READ | Low-cost wealth creation alternative: Why monetary planners are recommending Nifty 500 over Nifty 50
Shares of Vodafone elevated by 2.17% on Thursday, reaching Rs 13.20 on the Bombay Stock Exchange (BSE). The share value has greater than doubled over the previous yr.
Foreign institutional buyers, together with GQG, UBS, AustralianSuper, Fidelity, Redwheel Funds, Abu Dhabi Investment Authority, Allspring Global Investments, Morgan Stanley Investment Funds, Government Pension Fund Global, Copthall Mauritius Investment, and Societe Generale, had been amongst those that subscribed to Vodafone Idea’s anchor ebook. Domestic mutual funds like HDFC, Quant, Motilal Oswal, Baroda BNP Paribas, and 360 One had been additionally anchor buyers.
Most analysts suggested subscribing to the follow-on public supply (FPO), stating that the telecom operator’s prospects ought to enhance with the recent injection of funds from the share sale.
