Today (Monday- 22 April) is the last chance to invest in the follow-on public offer i.e. FPO of telecom company Vodafone Idea (VI). It was opened for retail investors on 18 April. The company wants to raise ₹18,000 crore through this issue. These shares of the company will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on 25th April (Thursday). Earlier, VI has raised Rs 5,400 crore from 74 anchor investors. If you are also planning to invest money in this FPO, then we are telling you how much you can invest in it… What is the minimum and maximum amount you can invest? For this FPO, retail investors can apply for minimum one lot i.e. 1298 shares. The company has fixed the price band of FPO at ₹10-₹11 per share. If you apply for 1 lot as per FPO upper price band of ₹11, you will have to invest ₹14,278. Retail investors can bid for a maximum of 14 lots i.e. 18172 shares, for which they will have to invest ₹ 199,892. VI raised Rs 5,400 crore from anchor investors Before the FPO opened, VI has raised Rs 5,400 crore from 74 anchor investors. The company had given this information in its BSE filing yesterday. VI allotted 491 crore shares for this at Rs 11 per share. GQG Partners has got the maximum 26% shares among the investors, GQG has invested Rs 1,345 crore for this. Apart from this, Fidelity Investments has invested ₹772 crore, Tru-Capital and Australian Super have invested ₹331 crore and ₹130 crore. Investors include The Master Trust Bank of Japan, UBS, Morgan Stanley Investment Management, Citigroup Global Markets, Australian Super, Fidelity, Quant and Motilal Oswal. This is the biggest FPO till date. This is the biggest FPO till date. Currently, the largest FPO in the Indian market is that of Yes Bank, which was worth Rs 15 thousand crores. Whereas Adani Enterprises had brought FPO worth Rs 20 thousand crore in January last year. However, the company later withdrew it. If it had not done so, Adani Enterprises would have been the largest company to bring FPO. The company will use the fund for 4G and 5G service. According to media reports, the company will use this fund to rollout 5G and improve 4G service. Along with this, this fundraising will also enable the company to improve its competitive positioning and provide better customer experience. Vodafone Idea has a debt of Rs 2,10,000 crore. Vodafone Idea is facing financial problems, which has a debt of Rs 2,10,000 crore. Vodafone Idea wants to improve its service and basic infrastructure to compete with its competitors (Jio and Bharti Airtel). The company is currently far behind big competitors like Reliance Jio and Bharti Airtel. What is FPO? Follow on public offer (FPO) is a process by which a company that is already listed on the stock exchange issues new shares to investors or existing shareholders, usually promoters. If understood in simple language, companies listed in the stock market raise funds by issuing new shares in the secondary market.
