Today is the last subscription day for Vodafone Idea FPO (VI FPO). At the end of the day, we found that VI FPO subscribed 6.36x and Vodafone Idea FPO GMP ( Grey Market Premium) was ₹0.70.
Vodafone Idea’s FPO did not respond well in the market. Vodafone Idea FPO subscription started in March 2024, but Vodafone Idea FPO had to face many challenges to complete the subscription. Finally, today’s subscription to Vodafone idea FPO is complete 6.99 x and the GMP is very volatile sometimes GMP is ₹1.20, ₹0.50 paisa sometimes ₹0.60 paisa. Finally, today’s GMP (Grey Market Premium) is ₹0.70 paisa. So the expected listing price of Vodafone Idea FPO is going to be ₹11.70. Because the price of VI FPO was ₹11.
Vodafone Idea FPO GMP (VI FPO GMP)
Let’s take a look at Vodafone Idea FPO grey market premium from the day of subscription to the day of subscription ending today.
| GMP Date | GMP | IPO Price | Estimated Listing Price | Updated Date |
| 22-01-2024 | ₹0.70 | ₹11 | ₹11.70 | 22-04-2024 Closed Today |
| 21-04-2024 | ₹0.60 | ₹11 | ₹11.60 | 21-04-2024 |
| 20-04-2024 | ₹0.60 | ₹11 | ₹11.60 | 20-04-2024 |
| 19-04-2024 | ₹0.60 | ₹11 | ₹11.60 | 19-04-2024 |
| 18-04-2024 | ₹1.70 | ₹11 | ₹12.70 | 18-04-2024 |
We can see in this list Vodafone Idea FPO grey market premium on the 18th was Rs.1 70 paisa on the 19th ₹0.66 paisa on the 20th was ₹0.60 paisa on the 21st and 60 paise on the 22nd Today GMP gave closing at ₹0.70 paisa and IPO price is ₹ 11 rupees.
From this, we can calculate the estimated listing price. If we add the IPO price and GMP (Grey Market Premium) then we get the Estemited listing price. So we get IPO Price + GMP = Estimated Listing Price (₹11+ ₹0.77= ₹11.70).
According to experts, this grey market price fluctuation does not bode well for Vodafone Idea FPO, although the grey market premium is unofficial.
Vodafone Idea FPO Subscription Status
As of April 22, 2024, at 7:05:06 PM, the VI FPO saw a subscription rate of 6.99 times its offered shares. Within this, the retail category subscribed 1.01 times, the QIB category subscribed 19.31 times, and the NII category subscribed 4.54 times.
Let’s see how Vodafone Idea FPO and Subscription Day April 18, 2024, have performed to April 22, 2024.
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 | 0.67 | 0.31 | 0.07 | 0.29 |
| Day 2 | 1.03 | 0.83 | 0.14 | 0.54 |
| Day 3 Apr 22, 2024 | 19.31 | 4.54 | 1.01 | 6.99 |
Vodafone Idea had to do a lot of advertising to get subscriptions to their FPOs and they put ads on many mainstream media to get them subscribed. However, they did not do well in subscription compared to other IPOs.
Now it’s time to see what happens to them after the listing as Vodafone Idea’s main shares have also been suffering for several years. Ever since Reliance launched their telecom company Jio in the market, other telecom companies have been in a very bad position. Earlier there were many telecom companies in the market. But in this situation, there are only three telecom companies in the market, one is Airtel Jio and Vodafone Idea.
We have been talking about Vodafone Idea FPO for so long, so you may have a question, I heard about IPO, what is FPO? Now let’s know about FPO.
What is FPO?
An FPO, or Follow-on Public Offering, is when a company that’s already publicly traded decides to sell more shares to the public. Think of it as a way for the company to go back to the well and raise more money by offering new shares to investors. They might do this to grow their business, pay off debts, or even snatch up other companies. It’s a bit like a second round of crowdfunding for a company that’s already on the stock market.
