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. 

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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