The country's largest-ever FPO garnered bids for nearly 6.2 billion shares against 12.6 billion on offer. VIL has already allotted 4.9 billion shares to anchor investors, which includes GQG Partners Fidelity, Stichting, Redwheel, Motilal Oswal Mutual Fund, and Troo Capital. VIL plans to raise ₹18,000 crore from the FPO.
The qualified institutional buyer (QIB) portion of the FPO was subscribed 93 per cent, with almost nine out of 10 bids coming from foreign portfolio investors. The high net-worth individual (HNI) portion and retail portion of the FPO were subscribed 75 per cent and 13 per cent, respectively.
Investment bankers said most of the bids typically come on the last day of the issue.
This story is from the April 20, 2024 edition of Business Standard.
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This story is from the April 20, 2024 edition of Business Standard.
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