Vodafone Idea FPO opens today: Shares rise; GMP, price, other details. Should you apply?
Vodafone Idea FPO: The Follow-on Public Offer (FPO) of Vodafone Idea Ltd is going to hit the primary market today. The Vodafone Idea FPO will remain open till 22nd April 2024. The telecom company has fixed the Vodafone Idea FPO price band at ₹10 to ₹11 per equity share, which is around ₹2 below Tuesday's Vodafone Idea share price closing.
According to stock market observers, Vodafone Idea FPO shares are trading at a premium of ₹1.50 per share in the grey market today. This means Vodafone Idea FPO GMP today is ₹1.50. Meanwhile, ahead of the Vodafone Idea FPO opening on Thursday, Vodafone Idea share price today opned upside at ₹13.10 apiece on NSE and went on to touch an intraday high of ₹13.50 per share level within a few minutes of stock market's opening bell.
Speaking on the outlook for Vodafone Idea shares, Sumeet Bagadia, Executive Director at Choice Broking said, “Vodafone Idea shareholders are advised to hold the scrip maintaining stop loss at ₹11 (upper price band of Vodafone Idea FPO). The scrip may touch 16 per share levels, onece it manages to breach the current resistance placed at ₹14.50 apiece." 1] Vodafone Idea FPO GMP today: Vodafone Idea FPO grey market premium (GMP) today is ₹1.50, which is ₹0.50 higher than Tuesday's Vodafone Idea FPO GMP of Re 1, say market observers. 2] Vodafone Idea FPO price: The telecom company has fixed Vodafone Idea FPO price at ₹10 to ₹11 per share.
3] Vodafone Idea FPO date: The Follow-on Public Offer has opened today and it will remain open till Monday next week. 4] Vodafone Idea FPO size: The telecom company aims to generate ₹18,000 crore through the issuance of 16,363,636,363 fresh Vodafone shares. 5] Vodafone Idea FPO lot size: A bidder will be able to apply in lots and one
. Read more on livemint.com
