Chief executive Akshaya Moondra stated that the ₹18,000 Crore follow-on share offer will reduce the government interest to 24%.
It previously announced on Friday that the sale of fresh shares will take place between April 18 and April 22.
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Vodafone Idea is trying to raise roughly ₹15,000-20,000 Crore through a Follow On offer, which the board approved in February.
The deal reduced Singtel's effective ownership in Bharti Airtel from 29.8% to 29%.
The company's IPO garnered exceptional interest from investors, with the subscription reaching nearly 130 times.
The fundraising strategy aims to optimize by considering various avenues and pricing methods for new shares.
The IPO, valued at ₹650 Crore, will be a pure offer-for-sale (OFS).
The Indian government, holding a 31% stake, intends to sell its shares in Vodafone Idea at an opportune moment, but not immediately
The Exicom Tele-Systems IPO commenced on February 27 and concluded on February 29, with a price band of ₹135 to ₹142 per share.
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