Vodafone Idea FPO Details: Vodafone Idea is set to launch its Follow-on Public Offering (FPO) on April 18, with the closing date on April 22. The FPO aims to raise approximately ₹18,000 crores through a combination of fresh issue and an offer for sale of equity shares priced at ₹10 each. Retail investors will have a 35% quota, while Qualified Institutional Buyers (QIBs) will have 50%, and High Net Worth Individuals (HNIs) will have 15%.
As the third largest telecommunications service provider in India by subscriber base, Vodafone Idea holds a significant position in the market. According to the TRAI Subscription Report, it ranks sixth globally in terms of subscribers within a single country. Offering a range of services including voice, data, enterprise solutions, and value-added services across 2G, 3G, and 4G technologies, Vodafone Idea caters to a diverse consumer base. Additionally, the company provides connectivity services to enterprise clients and holds licenses for various telecommunications services such as national and international long-distance and internet service provision.
Backed by the Aditya Birla group and the Vodafone group, Vodafone Idea benefits from the strong backing of two reputable conglomerates. The Aditya Birla group, a prominent global conglomerate with operations across numerous sectors and countries, provides significant support. Similarly, the Vodafone group, known as the largest pan-European and African telecommunications company, adds to the company’s robust foundation. Together, these groups lend their expertise and resources to Vodafone Idea’s operations.
With a brand built on the legacy of Vodafone and Idea, spanning over three decades, Vodafone Idea commands a strong brand recall in the market. Its financial performance reflects its position as a key player in the telecommunications sector, with total income for the Financial Year 2023 and the nine months ending December 31, 2023, standing at ₹424,885 million and ₹321,256 million, respectively.
Vodafone Idea FPO Objectives:
The company proposes to utilise the Net Proceeds towards funding of the following objects:
- Purchase of equipment for the expansion of the 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;
- Payment of certain deferred payments for spectrum to the DoT and the GST thereon; and
- General corporate purposes.
Vodafone Idea FPO Review (Apply or Not)
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Vodafone Idea FPO Date & Price Band Details:
| FPO Open: | 18-April-2024 |
| FPO Close: | 22-April-2024 |
| FPO Size: | Approx ₹18000 Crores |
| Fresh Issue: | Approx ₹18000 Crores |
| Face Value: | ₹10 Per Equity Share |
| FPO Price Band: | ₹10 to ₹11 Per Share |
| FPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Vodafone Idea FPO Lot Size:
For the upcoming Vodafone Idea FPO, the minimum market lot stands at 1,298 shares, requiring an application amount of ₹14,278. Retail investors have the opportunity to apply for up to 14 lots, totaling 18,172 shares or ₹199,892. This allows retail investors flexibility in their investment strategy, catering to varying levels of interest and investment capacity.
Vodafone Idea FPO Timeline:
The Vodafone Idea FPO is scheduled to commence on April 18, with the closing date set for April 22. Following this, the allotment process will be finalized on April 23, paving the way for the FPO listing on April 25. This timeline ensures a smooth and efficient process for investors, allowing them to participate in the offering with confidence and clarity.
| Price Band Announcement: | 17-April-2024 |
| FPO Open Date: | 18-April-2024 |
| FPO Close Date: | 22-April-2024 |
| Basis of Allotment: | 23-April-2024 |
| Refunds: | 24-April-2024 |
| Credit to Demat Account: | 24-April-2024 |
| FPO Listing Date: | 25-April-2024 |
Vodafone Idea FPO GMP Today:
As of April 14th, 2024, the latest Grey Market Premium (GMP) for the VI FPO stands at ₹1.20. With a price band of ₹11.00, the estimated listing price for the VI FPO is projected to be ₹12.20, calculated by adding the cap price to today’s GMP. This suggests an expected percentage gain/loss per share of approximately 10.91%. This information provides investors with valuable insights into the potential performance of the VI FPO, aiding in their decision-making process.
Vodafone Idea Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹42,126 | ₹25,007 | ₹44,233 |
| 2022 | ₹38,645 | ₹22,479 | ₹28,245 |
| 2023 | ₹42,489 | ₹25,360 | ₹29,301 |
| Dec 2023 | ₹32,126 | ₹19,255 | ₹23,564 |
Vodafone Idea FPO Valuation – FY2023
Check Vodafone Idea FPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | -₹8.43 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | NA% |
| Net Asset Value (NAV): | -₹15.28 per Equity Share |
Peer Group
- Bharti Airtel Limited
- Bharti Hexacom Limited
- Reliance Jio Infocomm Limited
Company Promoters
- Kumar Mangalam Birla
- Hindalco Industries Limited
- Grasim Industries Limited
- Birla Tmt Holdings Private Limited
- Vodafone International Holdings B.V.
- Al-Amin Investments Limited
- Asian Telecommunication Investments (Mauritius) Limited
- Ccii (Mauritius) Inc.
- Euro Pacific Securities Ltd
- Vodafone Telecommunications (India) Limited
- Mobilvest Prime Metals Ltd
- Trans Crystal Ltd
- Omega Telecom Holdings Private Limited
- Usha Martin Telematics Limited
Vodafone Idea FPO Registrar
Link Intime India Private 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 Allotment Status Check
Check Vodafone Idea FPO allotment status on Linkintime website allotment URL. Click Here
Vodafone Idea FPO Lead Managers aka Merchant Bankers
- Axis Capital Limited
- Jefferies India Private Limited
- SBI Capital Markets Limited
Company Address
Vodafone Idea Limited
Suman Tower, Plot No. 18
Sector 11,
Gandhinagar-382011
Phone: +91 98246 34997
Email: shs@vodafoneidea.com
Website: http://www.myvi.in/
