Vodafone Idea's FPO sees overwhelming response, raising funds for expansion and reducing stakes. Will it disrupt the telecom market?
Vodafone Idea's Follow-On Public Offering (FPO) has taken the market by storm, with subscriptions pouring in rapidly. The telecom giant offered its shares in the price band of Rs 10-11 apiece, attracting a massive response from investors. With the FPO fully subscribed on the final day, Vodafone Idea has successfully raised Rs 18,000 crore to fuel its 4G and 5G network expansion plans.
Despite facing debt challenges, Vodafone Idea's FPO has garnered significant attention, surpassing the previous record set by Yes Bank. The substantial fundraising aims to reduce promoter and government stakes while enabling the company to enhance its competitive edge in the telecom industry. As institutional investors lead the subscription charge, Vodafone Idea's strategic move is poised to shake up the market dynamics.
The book running lead managers, including Axis Capital, Jefferies India, and SBI Capital Markets, along with Link Intime India as the registrar, have played a crucial role in orchestrating the FPO's success. With strong anchor investor support and a subscription rate of over 3.3 times, Vodafone Idea's FPO exemplifies investor confidence in the telecom giant's potential.
In a historic milestone, Vodafone Idea's FPO has become the largest ever rolled out in India, setting a new benchmark in fundraising endeavors. The company's ability to secure Rs 18,000 crore in subscriptions underscores the market's belief in its future prospects. As Vodafone Idea gears up to utilize the funds effectively, the telecom landscape awaits potential disruptions and a redefined competitive landscape.
The Telecom operator Vodafone Idea is selling its shares in the price band of Rs 10-11 apiece. Investors can apply for a minimum of 1298 shares and its ...
Vodafone Idea has raised Rs 5400 crore from institutional investors via the anchor book at the upper price band of Rs 11.
Vodafone Idea FPO is the biggest-ever rolled out in India. Earlier, the record was held by Yes Bank.
The company raised Rs 18,000 crore by offering a fresh issue of 16.364 shares. It opened its FPO on April 18. It set the price band at Rs 10 to Rs 11 per equity ...
The book running lead managers for the Vodafone FPO were Axis Capital, Jefferies India, and SBI Capital Markets, with Link Intime India as the registrar.
Vodafone Idea's FPO price band has been set in the range of Rs 10 to Rs 11 per share. There is a minimum bid limit of 1,298 equity shares, and beyond that, bids ...
Vodafone Idea's FPO fully subscribed, raising ₹18000 crore, reducing promoter and government stakes, funding 4G and 5G network expansion.
Vodafone Idea's FPO: VIL has already allotted 4.9 billion shares to anchor investors, which includes GQG Partners Fidelity, Stichting, Redwheel, ...
Debt-saddled telecom operator Vodafone Idea Ltd's Rs 18000 crore follow-on offering (FPO) on Monday was subscribed more than 3.3 times, as institutional ...
The telecom giant raised Rs 5,400 crore from institutional investors via the anchor book in the upper price band of Rs 11. The price band for the offer has ...
India Business News: Vodafone Idea's Rs 18000 crore follow-on public offer (FPO), the largest in India's history, was fully subscribed on the third day.
Vodafone Idea stands a chance to rebuild its competitiveness in the telecom sector if it puts the funds raised through India's biggest FPO to good use.
The company's FPO has been oversubscribed by 3.40 times as of 02:30 PM on Friday. The subscription was led by Qualified Institutional Buyers (QIBs) ...
Vodafone Idea FPO: संकट के दौर से गुजर रही टेलीकॉम कंपनी वोडाफोन आइडिया (Vodafone Idea) का एफपीओ (follow-on public offering ) आज यानी 22 ...
Vodafone Idea is expected to announce its share allotment status on Tuesday, April 23.The shares of Vodafone Idea were subscribed 6.36 times.The shares are.
Vodafone Idea FPO टेलीकॉम ऑपरेटर वोडाफोन आइडिया लिमिटेड (Vodafone Idea Ltds) की वित्तीय स्थिति काफी खराब है। कंपनी कर्ड में डूबी है।
Vodafone Idea FPO subscription status : वोडा आइडिया का 18 हजार करोड़ रुपये का एफपीओ 22 अप्रैल 2024 तक खुला रहेगा।
The offer received bids for 8011.82 crore shares as against 1260 crore shares on offer.
Vodafone Idea FPO News: कंपनी ने सिटीग्रुप, गोल्डमैन सैक्स, GQG पार्टनर्स, फिडिलिटी, यूपीएस फंड मैनेजमेंट जैसे एंकर निवेशकों से 5400 करोड़ ...
The FPO, which is larger than the ₹15000-crore FPO by Yes Bank in 2020, had opened for anchor investors on 16 April and retail investors on 18 April, ...
The Vodafone Idea FPO opened for public issue on April 18, looking to raise Rs 18000 crore.
VI: निवेशकों का जोश बताता है कि वे संकट में फंसी इस कंपनी को रिलायंस जियो इन्फोकॉम और भारती एयरटेल जैसी प्रतिस्पर्धियों से मुकाबले के ...
India Business News: NEW DELHI: The Rs 18000-crore follow-on public offer (FPO) of telecoms services provider Vodafone Idea was subscribed seven times, ...
Vodafone Idea FPO share allotment status to be finalised today. Investors can check allotment status on Link Intime India Private Ltd. website.
FPO 18 अप्रैल से 22 अप्रैल के बीच खुला था. जिसका प्राइस बैंड 10-11 रुपये के बीच था. वोडाफोन आइडिया ने एंकर निवेशकों से करीब 5400 करोड़ ...
Zee Business के मैनेजिंग एडिटर और मार्केट गुरु अनिल सिंघवी ने कहा कि वोडाफोन आइडिया के FPO को तगड़ा रिस्पॉन्स अविश्वसनीय है.
Vodafone Idea FPO allotment: Jefferies India, Axis Capital and SBI Capital Markets are the book running lead managers of the Vodafone Idea FPO, ...
India's largest FPO was subscribed 6.4 times. The qualified institutional buyer (QIB) portion of the share sale was bought 17.6 times, with 82 per cent of ...
Vodafone Idea FPO allotment: Those who have applied for the issue can check the allotment status in the registrar portal- Link Intime India Private Ltd.
In an exchange filing on Monday, Vodafone Idea stated: "We wish to inform you that the Board, at its meeting held today i.e. 22 April 2024, has approved and ...
Vodafone Idea FPO Allotment Today: For investors who did not get shares, the company will start the refund procedure on April 24.
Vodafone Idea FPO shares are expected to get listed on both BSE and NSE on April 25.
Vodafone Idea FPO: डाफोन आइडिया के एफपीओ को निवेशकों से जबरदस्त रिस्पॉन्स मिला है. कर्ज में डूबी वोडाफोन आइडिया लिमिटेड ने भारत के अब ...
Vodafone Idea FPO: The telecom company's follow-on public offer (FPO) was subscribed by 6.99 times as of 5:27 pm on Monday (April 22, 2024).
भारी वित्तीय संकट से जूझ रही टेलिकॉम कंपनी वोडाफोन आइडिया के FPO को शुरुआत में रिटेल इन्वेस्टर यानी आम निवेशकों का काफी ठंडा रिस्पॉन्स ...
Vodafone Idea FPO Allotment Status: Vodafone Idea FPO से मिले फंड का इस्तेमाल 4G कवरेज, 5G रोलआउट और क्षमता विस्तार के लिए करेगी.
कर्ज में डूबी vodafone idea लिमिटेड ने भारत के अब तक के सबसे बड़े फॉलो-ऑन पब्लिक ऑफर (FPO) के जरिए 18000 करोड़ रुपये जुटाए हैं।
Vodafone Idea share price today opened upside at ₹13 apiece on NSE and went on to touch an intraday high of ₹14.20 apiece.
The fundaraise is expected to give Vodafone firepower to improve its positioning in the telecom space, where it currently trails larger rivals such as ...
Indus Towers Share Price: वोडाफोन आइडिया के फॉलो-ऑन पब्लिक ऑफर (Vodafone Idea FPO) के चलते इंडस टावर्स (Indus Towers) के शेयर फोकस में आ ...