Vi FPO booked 49% at the end of day 2

The subscription for Vodafone Idea’s Rs 18,000 crore follow-on public offer (FPO) reached nearly halfway by the end of the second day, with bids received for 49% of the shares on offer.

The portion designated for qualified institutional buyers (QIBs) and non-institutional investors continued to attract strong interest, while bids from retail investors remained subdued.

Overall, the company received bids for 6.17 billion shares at the end of the second day, as against 12.60 billion shares on offer.