The fundaraise is expected to give Vodafone firepower to improve its positioning in the telecom space, where it currently trails larger rivals such as Reliance Jio and Bharti Airtel, by a wide margin.
Vodafone Idea FPO allotment: Those who have applied for the issue can check the allotment status in the registrar portal- Link Intime India Private Ltd.
Vodafone Idea shares closed at Rs 12.85 apiece on April 19, up Rs 1.85 from the upper price band. According to market observers, FPO GMP has remained positive despite weakness in the secondary market.
Telecom operator Vodafone Idea Limited has announced the floor price and cap price, along with the lot size for its upcoming follow-on public offering (FPO).