20.8 C
New York

Vodafone Idea ₹18,000-crore FPO opens on April 18: All you need to know

Published:

Apr 12, 2024 12:29 PM IST

Vodafone Idea FPO: The offer will close on April 22 and anchor bids will be approved on April 16, the company said in an exchange filing.

Vodafone Idea’s 18,000-crore follow-on public offer (FPO) will open for subscription on April 18 at a floor price of 10 a share with the cap at 11. The offer will close on April 22 and anchor bids will be approved on April 16, the company said in an exchange filing. The company has enlisted Jefferies, SBI Caps and Axis Capital as lead managers for the FPO which is set to be the largest offerings of its kind in India. The company recently raised 2,075 crore through the issue of preferential shares to one of its promoter entities – Oriana Investments Pte Ltd.

Vodafone Idea FPO: The offer will close on April 22 and anchor bids will be approved on April 16, the company said in an exchange filing.(AFP)
Vodafone Idea FPO: The offer will close on April 22 and anchor bids will be approved on April 16, the company said in an exchange filing.(AFP)

Read more: DCG Cables and Wires Ltd IPO allotment to be finalised today: Check status here

Vodafone Idea FPO details

Investors can bid for a minimum bid lot of 1,298 equity shares. This means that the minimum application amount, based on the upper end of the price band is 14,278 for one lot of shares in the FPO. Thereafter, investors can then bid in multiples of 1,298 equity shares.

Unlock exclusive access to the story of India’s general elections, only on the HT App. Download Now!

The largest FPO before this was a 150 billion rupee share sale by Yes Bank in 2020.

  • ABOUT THE AUTHOR
    author-default-90x90

    Follow the latest breaking news and developments from India and around the world with Hindustan Times’ newsdesk. From politics and policies to the economy and the environment, from local issues to national events and global affairs, we’ve got you covered.

Related articles

Recent articles

spot_img