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Vodafone Idea FPO Allotment Finalized: Share Price Rises, Steps to Check Allotment Status - CurrencyVeda
November 22, 2024

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Vodafone Idea FPO Allotment Finalized: Share Price Rises, Steps to Check Allotment Status

Editor Currencyveda04 mins
Vodafone Idea

April 24, 2023

New Delhi, India

Vodafone Idea FPO

The allotment status for Vodafone Idea’s FPO has been finalized, marking a significant milestone for investors. With the share price surging and the Grey Market Premium (GMP) indicating positive sentiments, investors eagerly anticipate the listing.

Allotment Status and Share Price:

  • Vodafone Idea FPO‘s allotment process concluded, allowing investors to verify their status on Link Intime India Private Ltd.’s website.
  • Subscription status reached 6.36 times, with QIBs oversubscribing 19.3 times, reflecting strong investor interest.
  • Vodafone Idea’s share price closed 11.64% higher at ₹14.39 on BSE, signaling bullish investor sentiment.

Refund Process and Listing Date:

  • Refund initiation for non-allotted applicants begins on April 24, while allotted shares will be credited to demat accounts on the same day.
  • The listing date for Vodafone Idea FPO is scheduled for April 25, adding to the anticipation among investors.

Steps to Check Allotment Status:

  1. Visit here: https://linkintime.co.in/initial_offer/public-issues.html
  2. Select the Vodafone Idea FPO from the dropdown menu.
  3. Choose PAN, Demat Account, or Application No. to check status.
  4. Select application type (ASBA or non-ASBA) and provide relevant details.
  5. Complete the captcha and click submit to view the status.

Grey Market Premium (GMP):

  • Vodafone Idea FPO GMP stands at ₹2.20, indicating positive market sentiment.
  • Analysts anticipate a listing price of ₹13.20, representing a 20% gain over the upper price band.
  • Grey market activity suggests increasing GMP, reflecting investors’ willingness to pay above the issue price.

Bottom Line:

With the allotment finalized and the share price on an upward trajectory, Vodafone Idea’s FPO journey is poised for an exciting listing. Investors can track their allotment status using the provided steps, while the Grey Market Premium reflects optimistic market sentiment ahead of the listing.

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Disclaimer:

CurrencyVeda provides this news article for informational purposes only. We do not offer investment advice or recommendations. Before making any investment decisions, please conduct thorough research, consult with financial experts, and carefully consider your financial situation, risk tolerance, and investment goals. Investing in the stock market carries risks, and it’s essential to make informed choices based on your individual circumstances. CurrencyVeda is not liable for any actions taken based on the information provided in this article.