Vodafone Idea Limited FPO: Check Allotment Status and Latest GMP

April 22, 2024 Trading 2 min read
Vodafone Idea Limited FPO Allotment Status

Vodafone Idea Limited FPO Allotment Status: Here’s How To Check Status And Latest GMP 

With an entirely fresh issue of 1636.36 crore shares, the Vodafone Idea Limited FPO is a book-built issue of Rs 18,000.00 crores. 

Vodafone Idea Limited FPO was open for subscription on April 18, 2024 and closed on April 22, 2024. The finalisation of the basis of allotment for Vodafone Idea Limited will be done on April 23, 2024, and the allotted shares will be credited to investors’ demat accounts by April 24, 2024. The Vodafone Idea Limited follow-on public offering (FPO) is to be listed on  Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) tentatively on  25 April, 2024.

The price band for Vodafone Idea Limited is ₹10 to ₹11 per share with the minimum lot size for an application being 1,298 Shares. Retail investors are required to make a minimum investment of ₹14,278. For sNII, the minimum lot size investment is 15 lots (19,470 shares), amounting to ₹2,14,170; and 71 lots (92,158 shares), amounting to ₹10,13,738 for bNII.

Vodafone Idea Limited has Axis Capital Limited, Jefferies India Private Limited, and SBI Capital Markets Limited as the Book Running Lead Managers (BRLM) to the issue. The company also has Link InTime India Private Ltd as its registrar. 

Here’s how you can check the allotment status of Vodafone Idea Limited FPO: 

Step 1: Go to the BSE website. 

Step 2: Choose ‘Equity’ and then the issue name from the selection menu.

Step 3: Enter your application number as well as your PAN card number and press ‘Search’.

You can also follow a similar procedure to check the allotment status on the Registrar’s website: 

Step 1: Go to the Link InTime India Private Ltd website. 

Step 2: Select the FPO name by clicking on ‘Company Selection’.

Step 3: Input your PAN, application number, DP/Client ID, or account number/IFSC number and click on ‘Search’. 

If the details are input correctly, the status will appear only after allotment. The equity shares are expected to be credited to successful investors’ demat accounts on April 24, 2024.

Vodafone Idea Limited, established in March 1995, is one of the leading telecommunication service providers in India. They offer voice, data, and digital services across 2G, 3G, and 4G technologies to over 223 million subscribers as of December 31, 2023, with a subscriber market share of 19.3%. With a strong brand history and over 3 decades of experience from Vodafone and Idea, the company caters to more than 300 million customers in 17 countries and has IoT collaborations in 45 countries.

In FY2023, total income was ₹424,885 million, with ₹321,256 million for the nine months ending December 31, 2023. Operating around 183,400 tower locations in India, the company provides broadband services to over 438,900 units, covering more than a billion people, with increased 4G population coverage post-merger.

With 2,300 branded urban stores covering over 95% of all districts across India, the company employs 12,598 individuals across all its operations as of December 31, 2023. 

Vodafone Idea Limited GMP

Date GMP
April 16 ₹1.50
April 15 ₹1.50
April 14 ₹1.20
April 13 ₹1.50
April 12 ₹1.20

As of April 16, 2024, at 09:59 AM, the Vodafone Idea Limited FPO’s last GMP is ₹1.50. With a price band of ₹11, the expected listing price of the Vodafone Idea Limited FPO is ₹12.50 (cap price + today’s GMP). 13.64% is the expected percentage gain or loss per share. 



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