Vodafone Idea FPO: Vodafone Idea’s FPO has opened for common investors from Thursday (April 18). The last date to invest in this FPO is 22 April. The price band of this FPO has been fixed at Rs 10 to Rs 11, which is Rs 2 less per share than its market price.
Highlights of Vodafone Idea FPO
- The price band in Vodafone Idea FPO has been fixed from Rs 10 to Rs 11.
- Vodafone Idea FPO will remain open till Monday (April 22).
- Its allotment will take place on 23rd April.
- The company will raise an amount of Rs 18,000 crore through this FPO.
- The lot size in this FPO has been kept at 1,298 shares. To participate in FPO one has to apply for at least one lot.
- Link Intime India Private Limited has been made the official registrar of this company.
- The listing of this FPO will be on NSE and BSE.
- Vodafone Idea FPO will be listed on April 25 due to T+3 listing.
vodafone idea share
There is a positive trend regarding the shares of Vodafone Idea due to the company getting money due to FPO. Till the time of writing the news, Vodafone Idea shares were trading at Rs 13.10 on NSE. It touched an intraday high of Rs 13.50 during the day’s trading.
Vodafone Idea’s GMP
According to InvestorGain.com, a website that keeps an eye on the GMP of public issues, the GMP of Vodafone Idea is running at Rs 1.70 per share. GMP keeps changing according to market conditions.
(Note: This article has been written only on the basis of general information. Before taking any decision related to investment, please consult your financial advisor)
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