SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Idea Cellular’s QIP issue oversubscribed by nearly three times; Report

06 Jun 2014 Evaluate

Idea Cellular’s QIP issue to raise $506 million, launched on Thursday, has reportedly been oversubscribed as demand of nearly three times the number of shares on offer has been received. Idea had set an indicative price band of Rs 131-136.35 for the sale.

The company for raising $506 million had been conducting road-shows overseas in places such as Kuala Lumpur and Singapore to gauge investor interest. It has appointed Bank of America Merrill Lynch, Morgan Stanley, JP Morgan, Citi Bank and Axis Capital to manage the issue.

Idea Cellular, an AV Birla group company, provides Global System for Mobile communications (GSM)-based wireless service at the pan-India level, it is present in all 22 telecom circles.

Vodafone Idea Share Price

10.53 0.31 (3.03%)
04-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Bharti Airtel 1826.90
Vodafone Idea 10.53
Indus Towers 400.20
Tata Communications 1567.30
Bharti Hexacom Ltd. 1497.80
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×