Vodafone Idea FPO: Subscribed 6.36 times amid market volatility
Domestic investors, including Motilal Oswal Mutual Fund, HDFC Mutual Fund, SBI General Insurance and Quant Mutual Fund, were allocated shares in the anchor round.
Stay updated with breaking news from Troo Capital. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Domestic investors, including Motilal Oswal Mutual Fund, HDFC Mutual Fund, SBI General Insurance and Quant Mutual Fund, were allocated shares in the anchor round.
Shares of Vodafone Idea dropped 5% to Rs 12.23 in today's trading, ahead of the closure of its Rs 18,000 crore follow-on public offer. Vi attracted Rs 5,400 crore from 74 anchor investors, featuring prominent names like GQG Partners and Morgan Stanley.
The Rs 920-crore public offer is a mix of a fresh issue of Rs 600 crore worth of shares and an offer-for-sale of shares worth Rs 320 crore
Investors bought 20.24 crore equity shares of the company against offer size of 3.47 crore shares
Primary Market | Five companies will be raising Rs 2,700 crore through initial public offerings next week.