summary The Vodafone Idea FPO is another case of equal equity distribution. If successful, Vodafone Idea’s FPO will be India’s largest at ₹18,000 crore, surpassing the ₹15,000 crore stake sale by Yes Bank in July 2020.
Vodafone Idea FPO date: Vodafone Idea's latest public offering (FPO) worth ₹18,000 crore opened for subscription on Wednesday, April 18. The FPO price till April 22 is fixed at ₹10 - 10. ₹11 per share.
If successful, Vodafone Idea FPO will be India's largest ever at ₹18,000 crore, surpassing the ₹15,000 crore share sale by Yes Bank in July 2020. Adani Enterprises had done a ₹20,000 crore FPO in February 2023 in total A subscription was obtained but later cancelled.
The FPO is a relatively new feature of equity shares. Half of the FPO is reserved for qualified institutional buyers (QIBs), 35% for retail investors and 15% for non-institutional investors.
According to the company, the proceeds have been used to purchase equipment for network expansion by establishing new 4G and 5G centres, expansion of existing 4G centres, deferral of payments for spectrum for the telecom sector and for all purposes of the company
Also Read: Key Difference Between FPO and IPO?
Vodafone Idea FPO: Key details Vodafone Idea FPO subscription date 18-22 April Lot Size: Minimum 1,298 shares Delivery date: 23rd April Shares and refunds for winners: 24 Vodafone Idea FPO registration: 25 April Click here to learn more and apply for the Vodafone Idea FPO
The telecom service provider has already raised ₹5,4000 crore from anchor investors, including GQG Partners, Motilal Oswal, Fidelity Securities, UBS Fund Management, M.S
