Bookbuilding FPO | ₹18,000 Cr | Listed at BSE, NSE | Thu, Apr 18, 2024 - Mon, Apr 22, 2024
Vodafone Idea FPO is a book build issue of ₹18,000.00 crores. The issue is entirely a fresh issue of 1,636.36 crore shares of ₹18,000.00 crore.
Vodafone Idea FPO bidding started from Apr 18, 2024 and ended on Apr 22, 2024. The allotment for Vodafone Idea FPO was finalized on Apr 23, 2024. The shares got listed on BSE, NSE on Apr 25, 2024.
Vodafone Idea FPO price band is set at ₹11 per share. The lot size for an application is 1,298. The minimum amount of investment required by an retail is ₹14,278 (1298 shares) (based on upper price). The lot size investment for sNII is 15 lots (19,470 shares), amounting to ₹2,14,170, and for bNII, it is 71 lots (92,158 shares), amounting to ₹10,13,738.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Vodafone Idea FPO RHP for detailed Information.
FPO Open
Thu, Apr 18, 2024
FPO Close
Mon, Apr 22, 2024
Issue Price
₹11 per share
Market Cap (Pre-IPO)
₹73,131.80 Cr
| IPO Date | 18 to 22 Apr, 2024 |
| Listed on | Thu, Apr 25, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹10 to ₹11 |
| Issue Price | ₹11 per share |
| Lot Size | 1,298 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE, NSE |
| Total Issue Size | 16,36,36,36,363 shares (agg. up to ₹18,000 Cr) |
| Fresh Issue | 16,36,36,36,363 shares (agg. up to ₹18,000 Cr) |
| Share Holding Pre Issue | 50,11,98,20,375 shares |
| Share Holding Post Issue | 66,48,34,56,738 shares |
| BSE Script Code / NSE Symbol | 532822 / IDEA |
| ISIN | INE669E01016 |
Vodafone Idea FPO offers total 16,36,36,36,363 shares. Out of which 8,18,18,18,180 (50.00%) allocated to QIB, 3,27,27,27,272 (20.00%) allocated to QIB (Ex- Anchor), 2,45,45,45,455 (15.00%) allocated to NII 5,72,72,72,728 (35.00%) allocated to RII and 4,90,90,90,908 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 8,18,18,18,180 (50.00%) | NA |
| − Anchor Investor Shares Offered | 4,90,90,90,908 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 3,27,27,27,272 (20.00%) | NA |
| NII (HNI) Shares Offered | 2,45,45,45,455 (15.00%) | NA |
| − bNII > ₹10L | 1,63,63,63,636 (10.00%) | 84,045 |
| − sNII < ₹10L | 81,81,81,819 (5.00%) | 42,022 |
| Retail Shares Offered | 5,72,72,72,728 (35.00%) | 44,12,382 |
| Total Shares Offered | 16,36,36,36,363 (100.00%) |
Investors can bid for a minimum of 1,298 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,298 | ₹14,278 |
| Retail (Max) | 14 | 18,172 | ₹1,99,892 |
| S-HNI (Min) | 15 | 19,470 | ₹2,14,170 |
| S-HNI (Max) | 70 | 90,860 | ₹9,99,460 |
| B-HNI (Min) | 71 | 92,158 | ₹10,13,738 |
Vodafone Idea FPO raises ₹5,400.00 crore from anchor investors. Vodafone Idea FPO Anchor bid date is April 16, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Apr 16, 2024 |
| Shares Offered | 4,90,90,90,908 |
| Anchor Portion (₹ Cr.) | 5,400.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, May 23, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Jul 22, 2024 |
Incorporated in March 1995, Vodafone Idea Limited is a telecommunications service provider in India. The company provides voice, data, and value-added services across 2G, 3G, and 4G technologies, such as short messaging and digital services for enterprises and consumers.
As of December 31, 2023, the company had over 223.0 million subscribers and a subscriber market share of 19.3%. Its network carried 401 billion voice minutes and 6,004 billion MB of data.
As of Dec 31, 2023, Vodafone offers mobile and fixed services to 300M+ customers in 17 countries, and has IoT collaborations with networks in 45 other countries.ternet of Things (IoT) platforms in the world.
The company operates under a strong brand with over three decades of experience from Vodafone and Idea. Total income for FY2023 was ₹424,885 million, with ₹321,256 million for the nine months ended December 31, 2023.
As of December 31, 2023, the company operates around 183,400 tower locations in India, providing broadband services to over 438,900 units, covering more than a billion people. The merger has increased their 4G population coverage from 1.18 billion to over 1 billion.
As of Dec 31, 2023, the company had 2,300 branded urban stores in India, covering over 95% of all districts, including its own and franchisee-owned stores.
By December 31, 2023, the company had a total of 12,598 individuals employed in all its operations.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 1,90,801.80 | 2,07,242.70 | 1,94,029.10 | 2,03,480.60 |
| Total Income | 32,125.60 | 42,488.50 | 38,644.90 | 42,126.40 |
| Profit After Tax | -23,563.80 | -29,301.10 | -28,245.40 | -44,233.10 |
| NET Worth | -97,931.90 | -74,359.10 | -61,964.80 | -38,228.00 |
| Reserves and Surplus | -1,46,611.60 | -1,23,038.80 | -94,083.60 | |
| Total Borrowing | 2,03,425.70 | 2,01,586.00 | 1,90,917.70 | 1,80,310.30 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase of equipment for the expansion of our network infrastructure by: (a) setting up new 4G sites; (b) expanding the capacity of existing 4G Sites and new 4G sites; and (c) setting up new 5G sites | 12,750.00 |
| 2 | Payment of certain deferred payments for spectrum to the DoT and the GST thereon | 2,175.32 |
| 3 | General corporate purposes | 2,688.88 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | -5.85 | -ve |
| P/E (x) | -1.88 | -ve |
| Promoter Holding | 48.75% | 36.87% |
| Market Cap | ₹73,131.80 Cr. |
The VI FPO is subscribed 6.99 times on April 22, 2024 7:02:05 PM (Day 3). The public issue subscribed 1.01 times in the retail category, 19.31 times in the QIB category, and 4.54 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 19.31 | 3,27,27,27,273 | 63,21,05,38,776 |
| NII | 4.54 | 2,45,45,45,454 | 11,14,45,35,842 |
| bNII (bids above ₹10L) | 6.04 | 1,63,63,63,636 | 9,87,56,20,128 |
| sNII (bids below ₹10L) | 1.55 | 81,81,81,818 | 1,26,89,15,714 |
| Retail | 1.01 | 5,72,72,72,727 | 5,76,78,57,700 |
| Total | 6.99 | 11,45,45,45,454 | 80,12,29,32,318 |
Total Application : 11,60,462
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLM’s fees and fees payable to financial advisors to the Company | 287.00 |
| 2 | Commission/processing fee for SCSBs, Sponsor Banks and Bankers to the Offer. Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 38.50 |
| 3 | Fees payable to Registrar to the Offer | 0.50 |
| 4 | Fees payable to the other parties to the Offer | 8.00 |
| 5 | Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 31.00 |
| 6 | Printing and stationery | 1.00 |
| 7 | Advertising and marketing expenses | 7.00 |
| 8 | Miscellaneous | 12.80 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹11.00 | ₹11.00 |
| Open | ₹12.00 | ₹11.80 |
| Low | ₹12.00 | ₹11.80 |
| High | ₹13.98 | ₹14.40 |
| Last Trade | ₹13.89 | ₹13.90 |
Lead Manager Reports
Vodafone Idea FPO is a main-board FPO of 16,36,36,36,363 equity shares of the face value of ₹10 aggregating up to ₹18,000 Crores. The issue is priced at ₹11 per share. The minimum order quantity is 1298.
The FPO opens on Thu, Apr 18, 2024, and closes on Mon, Apr 22, 2024.
MUFG Intime India Pvt.Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Vodafone Idea FPO using UPI as a payment gateway. Zerodha customers can apply in Vodafone Idea FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vodafone Idea FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vodafone Idea FPO opens on Thu, Apr 18, 2024 and closes on Mon, Apr 22, 2024.
Vodafone Idea FPO lot size is 1298, and the minimum amount required for application is ₹14,278.
You can apply in Vodafone Idea FPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Vodafone Idea FPO will be done on Tuesday, April 23, 2024, and the allotted shares will be credited to your demat account by Wed, Apr 24, 2024. Check the Vodafone Idea FPO allotment status.
The Vodafone Idea FPO listing date is on Thu, Apr 25, 2024.
