Vodafone Idea Limited FPO: An Overview and Company Insight
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.
Grey Market Premium Analysis and FPO Timelines: Vodafone Idea Limited FPO
| 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 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.
Pricing Details and Lot Size – Vodafone Idea Limited FPO
The price band for Vodafone Idea Limited is ₹10 to ₹11 per share.
Book-running Lead Managers and Registrar – Vodafone Idea Limited FPO
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. Link InTime India Private Ltd is the issue’s registrar.
Offer for Sale and FPO Size Breakdown – Vodafone Idea Limited FPO
With an entirely fresh issue of 1636.36 crore shares, the Vi FPO is a book-built issue of Rs 18,000.00 crores.
FPO Timelines at a Glance – Vodafone Idea Limited FPO
| Event | Date |
| FPO Opening Date | April 18, 2024 |
| FPO Closing Date | April 22, 2024 |
| FPO Allotment Date | April 23, 2024 |
| Initiation of Refunds | April 24, 2024 |
| Credit of Shares to Demat | April 24, 2024 |
| FPO Listing Date | April 25, 2024 |
Utilisation of Fresh Issuance and Technological Advancements – Vodafone Idea Limited FPO
The offer’s objectives are to:
- Purchase equipment for network infrastructure expansion. This is to be achieved by setting up new 4G and 5G sites, and expanding the capacity of the 4G and 5G sites that are already existing.
- Paying certain deferred payments for spectrum to the DoT and the GST departments.
- Overall corporate objectives.
Conclusion
Vodafone Idea Limited is committed to making a positive impact in the communities where they operate. Through partnerships with various stakeholders including government bodies, NGOs, academia, and the media, they have actively contributed to key areas such as education, healthcare, livelihoods, and women’s empowerment. Their initiatives leverage innovative mobile technology to create transformative solutions that aim to enhance the well-being of millions across India.
The company has a strong brand presence and operates with over 3 decades of experience from Vodafone and Idea. As of December 31, 2023, Vodafone Idea Limited covers more than a billion people with 183,400 tower locations in India. For FY2023, total income was ₹424,885 million, with ₹321,256 million for the nine months ending December 31, 2023.
Frequently Asked Questions – Vodafone Idea Limited
What does Vodafone Idea Limited specialise in?
Vodafone Idea Limited, established in March 1995, is one of leading telecom provider in India, offering 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%.
What is the primary purpose of Vodafone Idea Limited’s FPO?
The objectives of the offer are to expand Vodafone Idea’s network infrastructure which includes purchasing equipment to set up new 4G sites, expand the capacity of existing 4G sites, and establish new 5G sites. They also include paying certain deferred payments for spectrum to the DoT and the GST departments and overall corporate objectives.
Who are the lead managers for Vodafone Idea Limited’s FPO?
Axis Capital Limited, Jefferies India Private Limited, and SBI Capital Markets Limited are the Book Running Lead Managers (BRLM) to the issue. Link InTime India Private Ltd is the issue’s registrar.
How is the FPO structured in terms of new issuance and offer for sale (OFS)?
With an entirely fresh issue of 1636.36 crore shares, the Vi FPO is a book-built issue of Rs 18,000.00 crores.
What is the lot size and minimum investment for retail investors in the Vodafone Idea Limited’s FPO?
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.
What is the price band for Vodafone Idea Limited’s FPO?
The price band for Vodafone Idea Limited is ₹10 to ₹11 per share.
How has the Grey Market Premium (GMP) trend for Vodafone Idea Limited’s FPO?
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.
When does the FPO open and close for application?
Vodafone Idea Limited FPO will open for subscription on April 18, 2024 and close on April 22, 2024.
When is the allotment date for the Vodafone Idea Limited FPO?
The allotment date is set for April 23, 2024.
When is Vodafone Idea Limited expected to be listed on the stock exchanges?
The tentative listing date for Vodafone Idea Limited FPO is 25 April, 2024 on Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
