Vodafone Idea FPO subscribed by 6.99 times on last day; check key details
The Vodafone Idea follow on public offer (FPO) is subscribed by 6.99 times as of 5:27 pm on April 22. It has been subscribed by 1.01 times in the retail category, 19.31 times in the QIB category, and 4.54 times in the NII category. The stock of the telecom giant that slipped to the day's low of Rs 12.23 on Monday morning recovered to end the session at Rs 12.89.
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Vodafone Idea FPO Subscription Status: The Vodafone Idea follow on public offer (FPO) is subscribed by 6.99 times as of 5:27 pm on Monday (April 22 2024), which was also the last day of the FPO. It has been subscribed by 1.01 times in the retail category, 19.31 times in the QIB category, and 4.54 times in the NII category.
GQG, Capital Group and Fidelity showed strong buying interest in the FPO.
Vodafone Idea FPO subscription status
| Category | Subscription (times) | Shares Offered | Shares bid for |
| QIB | 19.31 | 3,27,27,27,273 | 63,21,05,38,776 |
| NII | 4.54 | 2,45,45,45,454 | 11,14,38,94,630 |
| bNII (bids above Rs 10L) | 6.04 | 1,63,63,63,636 | 9,87,56,20,128 |
| sNII (bids below Rs10L) | 1.55 | 81,81,81,818 | 1,26,82,74,502 |
| Retail | 1.01 | 5,72,72,72,727 | 5,76,38,62,456 |
| Total | 6.99 | 11,45,45,45,454 | 80,11,82,95,862 |
Earlier, Vodafone Idea slipped more than 5.30 per cent om BSE on Monday on a day when its Follow on Public Offer (FPO) is set to close.
The Vodafone Idea stock that opened at Rs 12.40 slipped to the day's low of Rs 12.92, a 5.34 per cent down from the previous close of Rs 12.23.
The stock of the telecom giant ended trading lower by 0.23 per cent, or Rs 0.03, at Rs 12.89 on Monday.
Vodafone Idea FPO Details, Day 2
Primary Market Update
QIB 0.93x
NII 0.75x
Retail 0.13x
Total 0.49x
FPO of Vodafone Idea
FPO will remain open till 22nd April
Price band: Rs 10-11/share
Lot size: 1298 shares
Minimum investment: Rs 14,278
Retail limit: Rs 2 lakh
Investment for 14 lots: Rs 199,892
Total share for applications in retail category: Rs 18,172
Plan to raise Rs 18,000 crore through FPO
Good response from anchor investors
Anchor investors raised a total of Rs 5,400 crore at a price of Rs 11/share
About 60 anchor investors participated in FPO.
Foreign anchor investor
Anchor investos Investment
GQG Partners Rs 1345 Cr
Fidelity Investments Rs 772 Cr
Troo Capital Rs 331 Cr
Australian Super Rs 130 Cr
Domstic anchor investor
Anchor investor Investment
Motilal Oswal Fund Rs 500 Cr
Quant Mutual Fund Rs 149 Cr
HDFC Fund Rs 102 Cr
What will Vodafone Idea do with Rs 18,000 crore?
- Will use capital for 4G coverage, 5G rollout and capacity expansion
Capital utilisation of Rs 18,000 crore
New 4G sites and expansion Rs 7,030 Cr
New 5G Sites Rs 5,720 Cr
Spectrum payment to DoT Rs 2,175 Cr
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