17 April 2024 – With the help of anchor investors such as GQG Partners, Fidelity Investments, UBS Fund Management, Jupiter Fund Management, and Australian Super, Vodafone Idea has collected about Rs 5,400 crore via its follow-on public offering, the firm said on Wednesday. It said that the distribution of around 4.9 billion shares, priced at Rs 11 a share, to anchor investors had been finished.
The largest number of shares, valued at Rs 1,345 crore, have been allotted to US-based GQG Partners, while Fidelity Investments has contributed around Rs 772 crore to Vodafone Idea’s FPO. Australian Super and Troo Capital have committed to investments of Rs 130 crore and Rs 331 crore, respectively.
Additionally, five domestic mutual funds, headed by Motilal Oswal Midcap Fund, which invested Rs 500 crore, received 16.20% of the total shares, or Rs 874 crore. India Infoline, Motilal Oswal, HDFC Mutual Fund, SBI General Insurance, and Quant were among the domestic investors in the FPO.
Conclusion
Retail investors may participate in the FPO from April 18 to April 22, with prices ranging from Rs 10 to Rs 11 per share. A minimum bid lot of 1,298 equity shares is required for subscriptions.
Source:Link
