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Vodafone Idea FPO off to a cautious start: Issue booked 26% on day 1 led by QIBs; GMP and other details.
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Vodafone Idea FPO is off to a cautiousstart. On the first day itself, qualified institutional buyers (QIBs) subscribe to the issue in quite good portion.
In comparison to the retail segment on day 1, the FPO witnessed some modest demand from non-institutional investors (NIIs). India's largest FPO, which has opened for subscription today (Thursday, April 18), will closed on Monday, April 22.
On the first day, Vodafone Idea FPO subscription status is 26%, as per BSE data. At the end of day one, the retail portion had 6% subscriptions, the QIB quota had 61% subscriptions, and the non-institutional investor category had 28% subscriptions.
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