Vodafone Idea share price jumps Before Launch (India)
Vodafone Idea share price surges over 4% ahead of its FPO launch today!
– FPO subscription: April 18 (today) - April 22.– Price band: ₹10 - ₹11 per share.– Minimum bid: 1,298 shares.
FPO Details & Subscription Dates
– FPO aims to raise ₹18,000 crore.– Funds will be used for:Network expansion (4G & 5G)
Spectrum payments
General corporate purposes
FPO Proceeds & Use of Funds
– IIFL Securities recommends subscribing to the FPO.– Upgraded Vodafone Idea to "ADD" with a target price of ₹14.– FPO may help bridge the gap with competitors in 4G.
Analyst View: Subscribe to FPO & Potential Upside
– FPO aims to improve Vodafone Idea's network infrastructure.– Consider your investment goals before making a decision.
Vodafone Idea FPO: A Chance to Invest in Network Growth?