Vodafone Idea FPO Updates

The Vodafone Idea Follow-On Public Offer (FPO) has been creating a buzz in the market as investors rush to apply before the deadline. The FPO, which opened on 18th April 2024, will close on 22nd April 2024, giving investors only one day left to participate. With a subscription status of 0.68 times by day 3 of bidding, the FPO has garnered significant interest.

Market observers have noted that despite the recent weakness in the secondary market, the Vodafone Idea FPO Grey Market Premium (GMP) is quoting at a premium of ₹1.40, showcasing positive sentiment. The price band for the FPO has been set at ₹10 to ₹11 per equity share, with the stock trading at ₹12.85 apiece on Friday.

Analysts have differing opinions on whether investors should apply for the Vodafone Idea FPO. While some see it as a long-term risky bet, others believe that the company’s focus on improving competitiveness and launching 5G services could lead to a turnaround. With the government’s support and recent capital infusion, there is optimism about the company’s future prospects.

Overall, investors with moderate to high-risk appetite are advised to consider subscribing to the Vodafone Idea FPO for potential long-term gains. However, it is recommended to consult with certified experts before making any investment decisions.