Vodafone Idea FPO share allotment expected today: Steps to check status online

Vodafone Idea FPO share allotment status is expected to be finalised by the company today, April 23.

The follow-on public offer of Vodafone Idea was subscribed over 6 times on the final day of bidding on Monday, April 22. The telco received bids for 8,012 crore shares against 1,260 crore shares on offer.

The retail category of the FPO was booked 92% with bids for 576 crore shares against 630 crore shares on offer. The Non-Institutional Investors’ portion was subscribed 1.41 times. Investors submitted bids for 1,268 crore shares compared to 270 crore shares offered in this category.

Vodafone Idea FPO subscription was led by a strong demand from qualified institutional buyers. The telco received bids for 6,321 crores against 360 crore shares reserved for QIBs, resulting in an oversubscription of 17.56 times.

After successful closure of the bidding process, the investors are now awaiting the share allocation status. The investors, who submitted bids for Vodafone Idea FPO can check the allotment status online via the official website of the issue's registrar, Link Intime India Private Limited, and the NSE.

How to check Vodafone Idea FPO allotment online?

• Open the website of Vodafone Idea FPO's registrar, Link Intime India Pvt. Ltd, at https://www.linkintime.co.in/
• On the homepage, click on 'Public Issue'.
• Select Vodafone Idea FPO from the drop-down menu available under the Investor Services section.
• The company's name will appear in the list only after the finalisation of share allotment.
• Select any one of the following options --PAN/Application Number/ DP Client ID/ Account No/ IFSC.
• Enter the required information and click on submit.
• Your allotment status will be displayed on the screen. In case of successful allotment, the number of allotted shares will also be displayed on the screen.

How to check Vodafone Idea FPO allotment via NSE?

• Go to NSE's website -- nseIndia.com
• Log in to your account or create a new account using the required details
• Select Vodafone Idea FPO from the dropdown list
• Enter PAN details and application number as prompted.
• Click on submit.
• The allotment status will be displayed on the screen.

Vodafone Idea FPO details

The ₹18,000 crore Vodafone Idea FPO is said to be the biggest follow-on offers in India so far. It is a 100% book-built issue consisting of a fresh issue of 1,636.36 crore shares. The Vodafone Idea FPO price band was set in the range of ₹10-11 per share. Retail investors were allowed to submit bids with a minimum lot size of 1,298 shares totalling to an investment of ₹14,278.

Ahead of the FPO subscription, Vodafone Idea raised ₹5,400 crore at the cap price of ₹11 per share from anchor investors. The anchor investment round participation from global investors including US-based GQG Partners, Motilal Oswal, Fidelity Securities, Abu Dhabi Investment Authority, UBS Fund Management, Troo Capital Ltd, Morgan Stanley, and Citigroup Global Markets Mauritius

Vodafone Idea FPO proceeds usage

Proceeds from the FPO will be utilised for the purchase of equipment to expand network infrastructure and deferred payments for spectrum to the Telecommunications Department. A portion of the money raised will be used for general corporate purposes.

About Vodafone Idea

Vodafone Idea is the third largest telecom company in India in terms of number of subscribers. The company offers voice, data, SMS, and digital services using 2G, 3G, and 4G technologies.

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