The last two weeks of April have seen a surge of initial public offerings (IPOs) and listings. A number of companies are preparing to launch their IPOs, so the following week should be just as busy for regular investors. Vodafone Idea, the third-largest telecom service provider in India, has disclosed its intention to raise Rs 18,000 crore via a follow-on public offer, or FPO.
On Thursday, April 18, 2024, Vodafone Idea Limited’s Follow-On Public Offer (FPO) will be available for public subscription. On Monday, April 22, 2024, Vodafone Idea’s (FPO) subscription window will end.
With a face value of Rs 10, Vodafone Idea FPO consists of 16,363,636,363 equity shares. The pricing range for the Vodafone Idea FPO is between Rs 10 and Rs 11 per share. Vodafone Idea has set the lot size for the FPO at 1298 shares.
Conclusion
A minimum of 1298 shares, as well as multiples of those shares, are up for bid. For a retail investor, the minimum amount needed for the Vodafone Idea FPO is Rs 14,278. The shares will be listed on the BSE and NSE on Thursday, April 25, 2024, and the basis of allocation is set for Wednesday, April 24, 2024.
