Vodafone Idea FPO allotment status likely on April 23: Check steps to know share allocation

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Vodafone Idea FPO share allotment status is expected to be finalised on Tuesday, April 23, following the successful closure of its subscription. The follow-on public offer of the telco was open for subscription from April 18-22.

The Vi FPO was subscribed more than 6 times on the final day of bidding on Tuesday, aided by a strong demand from the qualified institutional buyers (QIBs). The FPO was overall subscribed 6.36 times while the QIB portion was booked 17.56 times. The non-institutional investors (NIIs) segment was subscribed 4.13 times. The retail segment was booked only 92%.

Vodafone Idea FPO shares are expected to get listed on both BSE and NSE on April 25.

The investors, who participated in the Vodafone Idea bidding are now waiting for the share allotment status. The applicants can check the share allotment status though the NSE and BSE websites as well as the official website of the FPO registrar, Link Intime India Private Ltd.

Steps to check Vodafone Idea FPO allotment status on BSE

·      Click on the link ‘IPO Allotment Status Check’ on the home page.

·      Select the equity option.

·      Choose “Vodafone Idea” from the drop-down menu.

·      Enter either the Application Number or the PAN, complete the Captcha verification, and click on the Search Button to proceed.

 Alternatively, you can visit the website of Link Intime India Private Ltd for IPO status at https://linkintime.co.in/initial_offer/public-issues.html.

After the finalisation of the basis of allotment on April 23, selected investors will receive their allocated shares, while refunds will be initiated for investors not allotted shares. Successful bidders can expect the shares to be credited to their demat accounts by April 24.

Vodafone Idea FPO price band was fixed at ₹10-11 per share with a lot size of 1,298 shares, the offering comprised entirely fresh share sales up to 1,636 crore  equity shares by its promoters and other shareholders.

Before the FPO commenced, Vodafone Idea raised ₹5,400 crore from approximately 60 anchor investors, marking it as the third-largest anchor book following One 97 Communications and Life Insurance Corporation of India.

The capital raised will provide the struggling telecom operator with the resources to bolster its position in the Indian telecom market, where it currently lags behind larger competitors like Reliance Jio and Bharti Airtel by a significant margin.

Additionally, the funds will assist Vodafone Idea in fortifying its finances for the long-awaited 5G rollout, enhancing 4G services, and addressing vendor dues.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow