Vodafone Idea FPO

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 nameVodafone Idea Limited
IndustryTelecommunication – Service Provider
Company Websitehttps://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 date18 April 2024
IPO Closing22 April 2024
Basis of Allotment23 April 2024
Initiation Refund24 April 2024
Credit to Demat Account24 April 2024
Listing Date25 April 2024
(Cut-off time for UPI mandate confirmation – 5 PM on April 22, 2024)

Vodafone Idea FPO details

Issue typeBook 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 saleNil
Face value₹10 per share
Price Band ₹10 to ₹11 per share
Lot size1298 Shares
Shareholding pre-issue50,119,820,375
Shareholding post-issue66,483,456,738
Listing ExchangeBSE & NSE

Vodafone Idea FPO Lot Size

Retail (Min)11298₹14,278
Retail (Max)1418172₹199,892
S-HNI (Min)1519,470₹214,170
S-HNI (Max)7090,860₹999,460
B-HNI (Min)7192,158₹1,013,738

Vodafone Idea FPO Reservation Details

QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Vodafone Idea Financial Performance

 FY 2021FY 2022FY 20239M FY 2024
Net income(44,233.1)(28,245.4)(29,301.1)(23,563.8)
Margin (%)(105.44)(73.34)(69.47)(73.53)
(Amount in ₹ Crores)

Valuations & Margins

FY 2021FY 2022FY 2023
EBITDA (%)40.3941.6439.87
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 Holding48.75%
Post Issue Share Holding36.87%

Vodafone Idea FPO Lead Manager(s)

  • Axis Capital Limited
  • Jefferies India Private Limited
  • SBI Capital Markets Limited

Vodafone Idea Registrar

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

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

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