Vodafone Idea FPO will open for subscription from 18 April 2024. The company aims for an issue size of ₹18,000 Cr through this IPO.
Company Overview
| Full name | Vodafone Idea Limited |
| Sector | Telecom |
| Industry | Telecommunication – Service Provider |
| Company Website | https://www.myvi.in/ |
About Company
The company is a leading telecommunications operator in India, providing a wide range of services including voice, data, enterprise solutions, and various Value-Added Services (VAS) such as Short Messaging Services, Digital Services, and IoT. As of 31 December 2023, the company boasted over 223.0 million subscribers, capturing a subscriber market share of 19.3%. Its network facilitated the transmission of 401 billion voice minutes and 6,004 billion megabytes of data.
As of 31 December 2023, the Vodafone group serves more than 300 million customers across 17 countries, delivering both mobile and fixed services. Furthermore, it maintains partnerships with mobile networks in 45 additional countries. Notably, the Vodafone group hosts one of the globe’s largest Internet of Things (IoT) platforms.
As of 31 December 2023, the company boasted around 183,400 unique tower locations and over 438,900 broadband (3G and 4G) sites, with all its 4G sites equipped to offer voice-over-LTE (VoLTE) services. The population coverage surpassed 1.2 billion individuals, while the Optical Fiber Cable (OFC) network extended over 298,000 kilometers, comprising both proprietary infrastructure and Indefeasible Rights of Use (IRU) agreements (excluding duplications). The mobile network extends its reach to numerous communities across over 487,000 towns and villages in India, providing broadband services in more than 342,200 towns and villages, as of 31 December 2023.
The Objectives of the Issue
- 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 Timetable
| IPO Opening date | 18 April 2024 |
| IPO Closing | 22 April 2024 |
| Basis of Allotment | 23 April 2024 |
| Initiation Refund | 24 April 2024 |
| Credit to Demat Account | 24 April 2024 |
| Listing Date | 25 April 2024 |
Vodafone Idea FPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹18,000 Cr – 16,363,636,363 shares |
| Fresh Issue | ₹18,000 Cr – 16,363,636,363 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹10 to ₹11 per share |
| Lot size | 1298 Shares |
| Shareholding pre-issue | 50,119,820,375 |
| Shareholding post-issue | 66,483,456,738 |
| Listing Exchange | BSE & NSE |
Vodafone Idea FPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1298 | ₹14,278 |
| Retail (Max) | 14 | 18172 | ₹199,892 |
| S-HNI (Min) | 15 | 19,470 | ₹214,170 |
| S-HNI (Max) | 70 | 90,860 | ₹999,460 |
| B-HNI (Min) | 71 | 92,158 | ₹1,013,738 |
Vodafone Idea FPO Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Vodafone Idea Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 | |
| Revenue | 41,952.2 | 38,515.5 | 42,177.2 | 32,044.9 |
| Expenses | 25,006.5 | 22,479.4 | 25,360.2 | 19,0.38.6 |
| Net income | (44,233.1) | (28,245.4) | (29,301.1) | (23,563.8) |
| Margin (%) | (105.44) | (73.34) | (69.47) | (73.53) |
Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| RONW (%) | NA | NA | NA |
| NAV | (7.63) | (12.36) | (14.84) |
| EBITDA (%) | 40.39 | 41.64 | 39.87 |
| Debt/Equity | (4.61) | (3.06) | (2.71) |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | -5.85 | -4.73 |
| P/E (x) | -1.88 | -2.33 |
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 and Usha Martin Telematics Limited.
Promoter Holding
| Pre Issue Share Holding | 48.75% |
| Post Issue Share Holding | 36.87% |
Vodafone Idea FPO Lead Manager(s)
- Axis Capital Limited
- Jefferies India Private Limited
- SBI Capital Markets Limited
Vodafone Idea Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: vil.fpo@linkintime.co.in
Website: www.linkintime.co.in
Vodafone Idea Contact Details
VODAFONE IDEA LIMITED
Birla Centurion, 10th Floor, Century Mills Compound,
Pandurang Budhkar Marg, Worli, Mumbai 400 030
Phone: +91 98246 34997
Email: shs@vodafoneidea.com
Website: www.myvi.in
Vodafone Idea FPO Allotment Status
Vodafone Idea FPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Final thoughts
Vodafone Idea FPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
