Vodafone Idea FPO: Last Day To Apply! Check Subscription Status, Latest GMP, Allotment Date And Other Details (image source: Image source: Today Technology Market ResearchDigital)
Vodafone Idea FPO GMP: Vodafone Idea has launched its Rs 18,000-crore follow-on public offer (FPO) on Thursday, April 18, 2024, the FPO will be open for subscription for three days, and scheduled to conclude today on Monday, April 22, 2024. For interested investors, today is the last day to apply Check the latest GMP, key dates, investment criteria and step-by-step application guide.
Vodafone Idea FPO Objective
Vodafone Idea aims to utilize the proceeds from the FPO for various purposes outlined in its FPO document. These include. Expansion of network infrastructure through the establishment of new 4G and 5G sites. Increasing the capacity of existing 4G infrastructure. Fulfilment of delayed spectrum payments to the Department of Telecommunications (DoT), including GST. Catering to general corporate requirements.
Vodafone Idea Subscription Status
The VI FPO garnered a subscription rate of 0.84 times, with the public issue witnessing a subscription of 0.36 times in the retail category, 1.04 times in the QIB category, and 1.69 times in the NII category as of April 22, 2024, at 11:45:06 AM.
Vodafone Idea FPO Subscription Window Opening and Closing Dates
The FPO subscription window opened on April 18 and is scheduled to close on April 22, 2024.
Vodafone Idea FPO Allotment Date
Tentatively scheduled for Tuesday, April 23, 2024.
Vodafone Idea Listing Date
Vodafone Idea FPO is expected to list on both the BSE and NSE on Thursday, April 25, 2024.
Vodafone Idea FPO GMP Today: Check Latest GMP
According to multiple unlisted market tracking websites. The Grey market premium(GMP) of Vodafone Idea priced at Rs 0.50 per share.
Vodafone Idea FPO Price Band
The FPO price band is set between Rs 10 to Rs 11 per share.
Vodafone Idea FPO Lot Size
Each application requires a minimum of 1,298 shares.
Vodafone Idea FPO Minimum Investment Requirements
– Retail investors must invest a minimum of Rs 14,278.
– Super Non-Institutional Investors (sNII) require 15 lots (19,470 shares) for Rs 214,170.
– Basic Non-Institutional Investors (bNII) need 71 lots (92,158 shares) worth Rs 10.14 lakh.
Vodafone Idea FPO Investmnet Criteria
QIBs: Qualified Institutional Buyers are allotted up to 50 per cent of the Net Issue.
HNIs: High Net-worth Investors receive at least 15 per cent of the Net Issue.
Retail Investors: Not less than 35 per cent of the Net Issue is reserved for Retail Investors.
How To Apply For Vodafone Idea FPO?
Investors can apply through their existing trading accounts or via the ASBA (Application Supported by Blocked Amount) facility directly through Internet banking accounts. This process is facilitated by authorized Self-Certified Syndicate Banks (SCSBs), ensuring seamless transactions where the amount is blocked at the time of application and debited only upon allotment.
Here Is A Step-By-Step Guide To Apply For Vodafone Idea FPO
Step 1: Log in to Your D-Mat account
– Access your demat/trading/investment account with your registered stockbroker.
Step 2: Navigate to the IPO Section
– Once logged in, locate the IPO section either on the mobile app or website of your stock broker.
Step 3: Place Your Bids
– As a retail investor, you can bid for up to 20,000 shares at the lower end of the offer price (Rs 10 per share) or up to 18,172 equity shares at the higher end of the price band (Rs 11 per share).
Step 4: Enter Your UPI ID and Submit
– Enter your UPI ID and ensure it is correct before clicking on the Submit button. Alternatively, you may opt for net banking to complete the transaction.
