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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.