- Advertisement -
Vodafone Idea FPO: Vodafone Idea’s Rs 18,000 crore observe-on public provide (FPO), the biggest in India’s historical past, was fully subscribed on the third day. Global institutional traders 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 occasions, non-institutional traders (NIIs) 1.93 occasions, and the retail section 42%.
An ET report by Rajesh Mascarenhas talked about that Rajiv Jain’s GQG Partners, which had beforehand invested nearly Rs 1,350 crore in Vodafone Idea’s anchor e book, continued to assist the corporate’s FPO. Other vital overseas institutional traders, similar to Capital Group and Fidelity Investments, additionally subscribed to the FPO, in keeping with banking sources.
Vodafone Idea’s FPO began off properly on Thursday, with 26% of the difficulty being subscribed on the primary day of bidding. This strong preliminary response was primarily attributable to excessive demand from certified institutional patrons (QIBs).
The observe-on public provide (FPO), with shares priced between Rs 10-11 every, is scheduled to shut right this moment. Last Tuesday, the loss-making telecom firm raised Rs 5,400 crore from 74 anchor traders by promoting 4.91 billion shares at Rs 11 every.
ALSO READ | Low-cost wealth creation opportunity: Why financial 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 12 months.
Foreign institutional traders, 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, have been amongst those that subscribed to Vodafone Idea’s anchor e book. Domestic mutual funds like HDFC, Quant, Motilal Oswal, Baroda BNP Paribas, and 360 One have been additionally anchor traders.
Most analysts suggested subscribing to the observe-on public provide (FPO), stating that the telecom operator’s prospects ought to enhance with the contemporary 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 nearly Rs 1,350 crore in Vodafone Idea’s anchor e book, continued to assist the corporate’s FPO. Other vital overseas institutional traders, similar to Capital Group and Fidelity Investments, additionally subscribed to the FPO, in keeping with banking sources.
Vodafone Idea’s FPO began off properly on Thursday, with 26% of the difficulty being subscribed on the primary day of bidding. This strong preliminary response was primarily attributable to excessive demand from certified institutional patrons (QIBs).
The observe-on public provide (FPO), with shares priced between Rs 10-11 every, is scheduled to shut right this moment. Last Tuesday, the loss-making telecom firm raised Rs 5,400 crore from 74 anchor traders by promoting 4.91 billion shares at Rs 11 every.
ALSO READ | Low-cost wealth creation opportunity: Why financial 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 12 months.
Foreign institutional traders, 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, have been amongst those that subscribed to Vodafone Idea’s anchor e book. Domestic mutual funds like HDFC, Quant, Motilal Oswal, Baroda BNP Paribas, and 360 One have been additionally anchor traders.
Most analysts suggested subscribing to the observe-on public provide (FPO), stating that the telecom operator’s prospects ought to enhance with the contemporary injection of funds from the share sale.
- Advertisement -