Jio and Bharti Airtel could gain disproportionately as Vodafone Idea has a significant ~25% market share (255.4m subscribers)
Market experts are of the opinion that as many as 9 companies could raise around Rs 12,500 crore.
Sensex rose 85 points or 0.15% to 57,423 and the Nifty 50 index was quoting at 17,095 advancing 19 points or 0.11%.
The board of mining major Vedanta has approved the first interim dividend of Rs 18.50 per equity share for the financial year 2021-22.
Asian stocks are trading mixed on Thursday as Australia reported a higher-than-expected trade surplus in July.
Sensex ended at 57,338.21, down 214.18 points or 0.37%, while the broader NSE Nifty ended 55.95 points or 0.33% lower at 17,076.25
Ami Organics IPO was subscribed 1.54 times as investors placed bids for 1,00,99,176 shares compared to 65,42,342 shares on the block.
Goldman Sachs maintains a ‘Buy’ rating on the stock with a price target of Rs 9,036 apiece.
Nifty 50 took just 20 sessions to surge 1,200 points from 16,000 to 17,200.
In early deals, Sensex was at 57,890.97, up 338.58 points or 0.59%, while Nifty advanced 82.95 points or 0.48% to a new high of 17,215.15.