Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
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 ₹11.00 per share . The lot size for an application is 1,298. The minimum amount of investment required by an retail is ₹12,980 (1298 shares). 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.
| IPO Date | April 18, 2024 to April 22, 2024 |
| Listing Date | April 25, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹10 to ₹11 per share |
| Issue Price Final | ₹11 per share |
| Lot Size | 1,298 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 16,36,36,36,363 shares (aggregating up to ₹18,000.00 Cr) |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 50,11,98,20,375 shares |
| Share Holding Post Issue | 66,48,34,56,738 shares |
VI 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, 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 | Maximum 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%) |
Vodafone Idea FPO raises ₹5,400.00 crore from anchor investors. Vodafone Idea FPO Anchor bid date is April 16, 2024. Vodafone Idea FPO Anchor Investors list
| Bid Date | April 16, 2024 |
| Shares Offered | 4,90,90,90,908 |
| Anchor Portion Size (In Cr.) | 5,400.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | May 23, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | July 22, 2024 |
Vodafone Idea FPO opens on April 18, 2024, and closes on April 22, 2024.
| IPO Open Date | Thu, Apr 18, 2024 |
| IPO Close Date | Mon, Apr 22, 2024 |
| Tentative Allotment | Tue, Apr 23, 2024 |
| Initiation of Refunds | Wed, Apr 24, 2024 |
| Credit of Shares to Demat | Wed, Apr 24, 2024 |
| Tentative Listing Date | Thu, Apr 25, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Apr 22, 2024 |
Investors can bid for a minimum of 1,298 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Vodafone Idea Limited's revenue increased by 9.95% and profit after tax (PAT) dropped by -3.74% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 190,801.80 | 207,242.70 | 194,029.10 | 203,480.60 |
| 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 | -146,611.60 | -123,038.80 | -94,083.60 | |
| Total Borrowing | 203,425.70 | 201,586.00 | 190,917.70 | 180,310.30 |
| Amount in ₹ Crore | ||||
The market capitalization of Vodafone Idea FPO is ₹73131.80 Cr.
KPI as of Sun, Dec 31, 2023.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | -5.85 | -4.73 |
| P/E (x) | -1.88 | -2.33 |
The company proposes to utilise the Net Proceeds towards funding of the following objects:
[Dilip Davda] VIL is the third largest player in telecommunication services and marked inconsistency in its performance so far against two mega players i.e. Jio and Bharti. It is struggling to come out of the wood and gain ground with more set of user friendly offers. However, based on its financial performance so far with negative net earnings and the second mega issue offer in the last five years are the point of concern. Looking at the interest of big investors, fund houses, and the helping hand from the Government of India may bring this ailing player on track in coming years. Thus, this is a pure long term bet at the offered price. Well as it happened post its RI of April 1995, the scrip marked lower levels then the offer price, and the same may happen now also. Considering this, well-informed/cash surplus investors may park moderate funds for long term and may add on post listing at lower levels to average out the investment with a long term investment strategy. Read detail review...
| Listing Date | April 25, 2024 |
| BSE Script Code | 532822 |
| NSE Symbol | IDEA |
| ISIN | INE669E01016 |
| Final Issue Price | ₹11 per share |
| BSE Listing Group | A |
Vodafone Idea Ltd.
Suman Tower, Plot No. 18
Sector 11,
Gandhinagar-382011
Gandhinagar, Gujarat
Phone: +91 98246 34997
Email: shs@vodafoneidea.com
Website: http://www.myvi.in/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: vil.fpo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
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 ₹18,000.00 Crores. The issue is priced at ₹11 per share. The minimum order quantity is 1298.
The FPO opens on April 18, 2024, and closes on April 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 April 18, 2024 and closes on April 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 Wednesday, April 24, 2024. Check the Vodafone Idea FPO allotment status.
The Vodafone Idea FPO listing date is on Thursday, April 25, 2024.
Useful Articles
RHP