Vodafone idea FPO -should you buy or not,know more.

Vodafone idea ,an Indian telecom major is under a huge debt pressure of about 2.4 lac crore,has recently announced that it is going to raise 18000 crore through an FPO.

Table of Contents

Details Of FPO

This FPO will open on 18thapril 2024 and will end on 22nd april2024. The floor price for the FPO is set at Rs.10 per equity share with a upper cap of Rs.11 per equity share.The minimum lot size is fixed at 1298 equity shares and in multiples.

The higher end of the price ,i.e Rs 11 is at a discount of Rs.2 per equity share.This may attract investor. Also the company will conduct road shows to instill cofidence among inestor.

The fund raise will help the company to lower its debt burden,and of course this will help in network expansion and investment in technology.


As the proceeds will be used in technology upgradation there could be better user experience and this may help in increasing the user base and may see improvement in profitability.

Disclaimer: Mint Mantra provides the articles and information gathered from other sites like company website and declaration to exchange and is for informational purpose only and this should not be construed as any advice for investment of any kind.Readers are suggested to consult the qualified financial consultant before making any investment decision.

We do not provide tips of any kind either on watsapp,telegram or facebook.

This article is based on the information collected from company website and company,s declaration to exchange.Mint mantra do not takes the resposibility of any kind for data and information as all are collected and is not owned by our website.Readers are advised to verify before making any decision based on the information provided.The logo ,pictures used in te site is of their respective owner.

Leave a Comment