Vodafone Idea mops up Rs 5,400 cr from anchor investors
India’s largest Rs18,000-cr FPO opens today for public subscription and concludes on April 22; Prior to this, largest FPO was a Rs15,000 cr by YES Bank in 2020
New Delhi: Just ahead of its mega FPO opening to public investors, Vodafone Idea (VIL) has announced closure of its anchor book allocation, raising about Rs5,400 crore from marquee global as well as domestic investors, according to a statutory filing by the teleco. This could be the third-largest anchor book after One 97 Communications and Life Insurance Corporation (LIC). One 97 Communications and LIC had raised Rs 8,235 crore and Rs 5,627 crore in the anchor round, respectively.
In a notification to the exchanges on Wednesday, VIL said it has allotted 490.9 crore shares to 74 funds at Rs11 apiece, which is also the upper end of the price band. This translated into a transaction size to Rs5,400 crore. Of the total allocation to anchor investors, 79.52 crore stocks, or 16.2 per cent of the total, were allocated to five domestic mutual fund through a total of 11 schemes.
Those who were allotted shares include GQG Partners Emerging Markets Equity Fund, Fidelity, UBS Fund Management, Abu Dhabi Investment Authority, Australian Super, Troo Capital, Morgan Stanley, Citigroup Global Markets Mauritius, and Jupiter Fund Management.
