Vodafone Concept FPO: Vodafone Concept’s Rs 18,000 crore follow-on public supply (FPO), the most important in India’s historical past, was absolutely subscribed on the third day. International institutional buyers like GQG, Capital Group, and Constancy Investments confirmed excessive curiosity within the telecom firm. The part for certified institutional patrons (QIBs) was subscribed 1.23 occasions, non-institutional buyers (NIIs) 1.93 occasions, and the retail phase 42%.
An ET report by Rajesh Mascarenhas talked about that Rajiv Jain’s GQG Companions, which had beforehand invested nearly Rs 1,350 crore in Vodafone Concept’s anchor e-book, continued to help the corporate’s FPO. Different important international institutional buyers, corresponding to Capital Group and Constancy Investments, additionally subscribed to the FPO, in line with banking sources.
Vodafone Concept’s FPO began off properly on Thursday, with 26% of the difficulty being subscribed on the primary day of bidding. This sturdy preliminary response was primarily as a result of excessive demand from certified institutional patrons (QIBs).
The follow-on public supply (FPO), with shares priced between Rs 10-11 every, is scheduled to shut right now. Final Tuesday, the loss-making telecom firm raised Rs 5,400 crore from 74 anchor buyers by promoting 4.91 billion shares at Rs 11 every.
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Shares of Vodafone elevated by 2.17% on Thursday, reaching Rs 13.20 on the Bombay Inventory Alternate (BSE). The share worth has greater than doubled over the previous 12 months.
International institutional buyers, together with GQG, UBS, AustralianSuper, Constancy, Redwheel Funds, Abu Dhabi Funding Authority, Allspring International Investments, Morgan Stanley Funding Funds, Authorities Pension Fund International, Copthall Mauritius Funding, and Societe Generale, had been amongst those that subscribed to Vodafone Concept’s anchor e-book. Home mutual funds like HDFC, Quant, Motilal Oswal, Baroda BNP Paribas, and 360 One had been additionally anchor buyers.
Most analysts suggested subscribing to the follow-on public supply (FPO), stating that the telecom operator’s prospects ought to enhance with the contemporary injection of funds from the share sale.
An ET report by Rajesh Mascarenhas talked about that Rajiv Jain’s GQG Companions, which had beforehand invested nearly Rs 1,350 crore in Vodafone Concept’s anchor e-book, continued to help the corporate’s FPO. Different important international institutional buyers, corresponding to Capital Group and Constancy Investments, additionally subscribed to the FPO, in line with banking sources.
Vodafone Concept’s FPO began off properly on Thursday, with 26% of the difficulty being subscribed on the primary day of bidding. This sturdy preliminary response was primarily as a result of excessive demand from certified institutional patrons (QIBs).
The follow-on public supply (FPO), with shares priced between Rs 10-11 every, is scheduled to shut right now. Final Tuesday, the loss-making telecom firm raised Rs 5,400 crore from 74 anchor buyers by promoting 4.91 billion shares at Rs 11 every.
ALSO READ | Low-cost wealth creation alternative: Why monetary planners are recommending Nifty 500 over Nifty 50
Shares of Vodafone elevated by 2.17% on Thursday, reaching Rs 13.20 on the Bombay Inventory Alternate (BSE). The share worth has greater than doubled over the previous 12 months.
International institutional buyers, together with GQG, UBS, AustralianSuper, Constancy, Redwheel Funds, Abu Dhabi Funding Authority, Allspring International Investments, Morgan Stanley Funding Funds, Authorities Pension Fund International, Copthall Mauritius Funding, and Societe Generale, had been amongst those that subscribed to Vodafone Concept’s anchor e-book. Home mutual funds like HDFC, Quant, Motilal Oswal, Baroda BNP Paribas, and 360 One had been additionally anchor buyers.
Most analysts suggested subscribing to the follow-on public supply (FPO), stating that the telecom operator’s prospects ought to enhance with the contemporary injection of funds from the share sale.
, the largest in India's history, was fully subscribed on the third day. Global institutional investors like GQG, Capital Group, and Fidelity Investments showed high interest in the telecom company. The section for qualified institutional buyers (QIBs) was subscribed 1.23 times, non-institutional investors (NIIs) 1.93 times, and the retail segment 42%.){kind=link}