Vodafone Idea FPO subscribed 26%; BSE warns investors against fake videos

Vodafone Idea’s follow-on public offering (FPO) was subscribed 26 per cent on Thursday, the opening day of the issue. The institutional investor portion of the FPO was subscribed 61 per cent, with bulk of the bids coming from overseas funds. High networth individual portion was subscribed 28 per cent and retail portion 6 per cent. On Wednesday, Vodafone had allotted 4.9 billion shares to anchor investors at Rs 11 apiece — the top end of the price band — to raise Rs 5,400 crore. US-based GQG Partners had subscribed to shares worth Rs 1,347 crore. Other large subs­cribers included Fidelity, Stichting, Redwheel, Motilal Oswal Mutual Fund, and Troo Capital. Shares of Vodafone on Thursday closed at Rs 13.2.