## Vodafone Idea's FPO Sees Moderate Subscription on Day 1
Vodafone Idea's follow-on public offering (FPO) received a lukewarm response on its opening day, with overall subscription reaching only 26%. The institutional investor portion fared better, attracting 61% subscription, primarily driven by overseas funds. High net-worth individuals subscribed to 28% of the allocated shares, while the retail portion saw a meager 6% subscription.
On Wednesday, Vodafone allotted 4.9 billion shares to anchor investors at Rs 11 per share, the upper end of the price band, raising Rs 5,400 crore. US-based GQG Partners emerged as the largest subscriber, investing Rs 1,347 crore. Other prominent investors included Fidelity, Stichting, Redwheel, Motilal Oswal Mutual Fund, and Troo Capital. Vodafone shares closed at Rs 13.2 on Thursday.
## Fake Videos Targetting BSE CEO Surface
Following the recent deepfake video incident involving the NSE CEO, fraudsters have now created fake videos featuring BSE Managing Director and CEO Sundararaman Ramamurthy. These videos promote specific investments and stock recommendations.
The BSE has issued a warning to investors, urging them to be cautious of such fraudulent videos and audios generated using advanced technology. The exchange has assured that it will take all necessary steps to prevent misrepresentation by these unknown elements. Investors are advised not to join any social media groups impersonating the BSE or its officials and to avoid relying on any stock recommendations received through these channels.
## Kronox Lab Sciences IPO Gets Sebi Nod
Specialty chemicals company Kronox Lab Sciences has received approval from the Securities and Exchange Board of India (Sebi) to launch its initial public offering (IPO). The proposed offering will consist of a fresh issue of equity shares worth Rs 45 crore and an offer for sale (OFS) of 7.8 million equity shares by promoters.
According to market sources, the estimated IPO size is Rs 150 crore. The company received its observations from Sebi on April 12th.