IPO news: India Inc raises record $30 billion in 6 months, riding FPO wave

IPO news: India Inc raises record  billion in 6 months, riding FPO wave

Indian companies raised a record $29.5 billion (nearly Rs 2.5 lakh crore) in the equity market through IPOs & FPOs during the first half of 2024, more than double the amount raised in the same period last year. The Jan-June total is the highest ever in terms of proceeds, with the number of issuances also … Read more

vodafone idea shares: Vodafone Idea shares can rally up to Rs 23 in bull case: Kotak Equities

vodafone idea shares: Vodafone Idea shares can rally up to Rs 23 in bull case: Kotak Equities

While calling Vodafone Idea a high-risk, high-reward opportunity, domestic brokerage Kotak Institutional Equities on Thursday maintained a sell call on the telecom operator but said that in the bull case scenario, it can rally up to Rs 23. “In our bull case, we assume a sharper 10% 10-year ARPU CAGR (versus our base case estimate … Read more

Vodafone Idea: Voda Idea FPO shares list much above offer price

Vodafone Idea: Voda Idea FPO shares list much above offer price

Mumbai: Shares offered in the Vodafone Idea follow on public offer (FPO) listed at ₹11.8 apiece on the NSE on Thursday, about 7.3% above the FPO price of ₹11. The shares were listed at ₹12 on BSE and closed at ₹13.8, after a gain of 5.3%. Thursday was also the day when the highest ever … Read more

Vodafone Idea FPO: Dial Vi for victory: Cash-strapped telco pulls off biggest FPO

Vodafone Idea FPO: Dial Vi for victory: Cash-strapped telco pulls off biggest FPO

Mumbai: Vodafone Idea’s ₹18,000 crore follow-on public offer (FPO), India’s biggest, closed successfully on Monday, having been subscribed 7 times, with strong demand from global institutional investors. The allotment for qualified institutional buyers (QIBs) was subscribed 19.3 times, of which 82% bids came from foreign institutional investors (FIIs). The non-institutional investor (NII) portion got bids … Read more

Vodafone Idea FPO subscription status: Vodafone Idea’s Rs 18,000 crore FPO fully subscribed on last day

Vodafone Idea FPO subscription status: Vodafone Idea’s Rs 18,000 crore FPO fully subscribed on last day

Mumbai: Vodafone Idea’s Rs 18,000 crore follow-on public offer (FPO), India’s biggest, was fully subscribed on the third day, with global institutional investors like GQG, Capital Group, and Fidelity Investments showing strong interest in the telecom company. The qualified institutional buyers (QIBs) portion was subscribed 1.23 times, while the non-institutional investors (NIIs) portion and the … Read more

Vodafone Idea’s Rs 18,000 cr FPO may attract big investors. Is it worth your money?

Vodafone Idea’s Rs 18,000 cr FPO may attract big investors. Is it worth your money?

Debt-ridden telco Vodafone Idea (VI), which has been plagued by losses and subscriber erosion, is coming up with a follow-on public offer (FPO) on April 18. The Rs 18,000 crore share sale is expected to attract some marquee investors including GQG Partners, Morgan Stanley Investment Management, AustralianSuper, Fidelity among others. Bloomberg reported that GQG will … Read more

Companies flock to public markets as IPO fundraising jumps 19% to nearly Rs 62,000 cr in FY24

Companies flock to public markets as IPO fundraising jumps 19% to nearly Rs 62,000 cr in FY24

Buoyed by positive investor sentiment and listing gains, more companies have shown their appetite to raise funds through the primary market in FY24 compared to the previous year. About 76 companies accessed the public markets in FY24, raising nearly Rs 62,000 crore through mainboard IPOs. This is 19% higher than the Rs 52,116 crore mobilized … Read more