IPO

Vodafone Idea Limited FPO

Mainboard

Telecom - Cellular & Fixed line services

Listed On: Apr 25, 2024 at ₹ 11.8(NSE)

₹ 14278 /1298 Shares

Check Allotment

Price Summary

Last Closing

10.44 (-5.09%)

52 Week High

19.18

52 Week Low

10.00

Last Update

19-Sep-2024 3:30 PM

Vodafone Idea Limited FPO IPO Details

18 Apr, 2024

Open Date

22 Apr, 2024

Close Date

23 Apr, 2024

Allotment Date

25 Apr, 2024

Listing Date

Issue Price

₹10-11 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

List Price

11.8(NSE)

Listing Date

2024-04-25

Market Lot

Retail : 1298 Shares (₹14,278/-)
S-HNI : 19,470 Shares (₹2,14,170/-)
B-HNI : 92,158 Shares (₹10,13,738/-)

Lead Manager

Axis Capital Limited
Jefferies India Private Limited
SBI Capital Markets Limited

Issue Size

16,363,636,363 shares(aggregating up to ₹18,000.00 Cr)

Retail Portion

35% (Number of Retail Applications: 44,12,383 Approx),
(Number of S-HNI Applications : 42,023 Approx),
(Number of B-HNI Applications : 84,045 Approx)

Subscription

6.99 times

IPO Docs

RHP ANCHOR

Vodafone Idea Limited FPO IPO Subscription Details

As onQIBNII
bNII   sNII		RetailTotal
Shares Offered / Reserved3,272,727,2732,454,545,454
1,636,363,636    818,181,818		5,727,272,72711,454,545,454
Day 1 - 18-04-24 05:00 PM0.61 x0.28
0.33 x   0.17 x		0.06 x0.26 x
Day 2 - 19-04-24 05:00 PM0.93 x0.75
0.92 x   0.40 x		0.13 x0.49 x
Day 3 - 22-04-24 05:00 PM19.31 x4.54
6.04 x   1.55 x		1.01 x6.99 x
Total No. of Applications: 11,59,356 (Approx)

Vodafone Idea Limited FPO Valuations

EPS Pre IPO

-₹5.85/-

EPS Post IPO

-₹4.73/-

P/E Pre IPO

-1.88

P/E Post IPO

-2.33

RoNW

%

Vodafone Idea Limited FPO Company Financials All values are in ₹ Cr.

31-Mar-2331-Mar-2231-Mar-21
Assets207,242.7194,029.1203,480.6
Revenue42,488.538,644.942,126.4
Profit After Tax-29,301.1-28,245.4-44,233.1
Net Worth-74,359.10-61,964.80-38,228.0
Reserves & Surplus-123,038.8-94,083.6N/A
Total Borrowing201,586.0190,917.7180,310.3

About The Company

Incorporated in March 1995, Vodafone Idea Limited is a telecommunications service provider in India. The company provides voice, data, and value-added services across 2G, 3G, and 4G technologies, such as short messaging and digital services for enterprises and consumers.

As of December 31, 2023, the company had over 223.0 million subscribers and a subscriber market share of 19.3%. Its network carried 401 billion voice minutes and 6,004 billion MB of data.

As of Dec 31, 2023, Vodafone offers mobile and fixed services to 300M+ customers in 17 countries, and has IoT collaborations with networks in 45 other countries.ternet of Things (IoT) platforms in the world.

The company operates under a strong brand with over three decades of experience from Vodafone and Idea. Total income for FY2023 was ₹424,885 million, with ₹321,256 million for the nine months ended December 31, 2023.

As of December 31, 2023, the company operates around 183,400 tower locations in India, providing broadband services to over 438,900 units, covering more than a billion people. The merger has increased their 4G population coverage from 1.18 billion to over 1 billion.

As of Dec 31, 2023, the company had 2,300 branded urban stores in India, covering over 95% of all districts, including its own and franchisee-owned stores.

By December 31, 2023, the company had a total of 12,598 individuals employed in all its operations.

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Vodafone Idea Limited FPO - Strength and Weakness

Strength

The company is the 3rd largest telecommunications service provider in India based on subscriber base.

Extensive telecommunication network with an existing network built on 5G-ready architecture.

Weakness

The company's statutory auditors have observed a material uncertainty related to going concern in their review reports for the nine months ended December 31, 2023.

The company has incurred significant indebtedness and has not complied with certain covenants under its financing agreement.

Vodafone Idea Limited FPO - Promoter(s)

Pre Issue Share Holding: 48.75%

Post Issue Share Holding: 36.87%

Company Promoter(s)

  1. 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.

Vodafone Idea Limited FPO IPO - Issue Objectives

  1. 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
  2. Payment of certain deferred payments for spectrum to the DoT and the GST thereon
  3. General corporate purposes.

Vodafone Idea Limited FPO IPO - Anchor Investors

Vodafone Idea raises Rs 5400 crore from nearly 60 anchor investors.

The telecom company allocated 491 crore shares to anchor investors at Rs 11 per share. The highest number of shares, or 26 percent of the total shares allocated to anchor investors, have been allocated to US-based GQG Partners. The shares are worth Rs 1,345 crore. Fidelity Investments invested about Rs 772 crore in the FPO. Troo Capital and Australian Super will also be investing Rs 331 crore and Rs 130 crore, respectively.

Vodafone Idea has raised Rs 5,400 crore from 74 anchor investors, the company announced in a press statement on Wednesday. The investors include GQG Partners, The Master Trust Bank of Japan, UBS, Morgan Stanley Investment Management, Citigroup Global Markets, Australian Super, Fidelity, Quant, and Motilal Oswal.

About 16.2 percent of the total allocation amounting to Rs 874 crore to anchor investors were allocated to five domestic mutual funds, led by Motilal Oswal Midcap Fund which invested Rs 500 crores.

Other Details

Company Contact Details

Vodafone Idea Limited FPO

Suman Tower, Plot No. 18, Sector 11, Gandhinagar -382011

Phone: +91 98246 34997

Email: shs@vodafoneidea.com

Website: http://www.myvi.in/

Registrar Contact Details

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 Limited FPO IPO - FAQs

Ans. Vodafone Idea Limited FPO is a Mainboard IPO. The issue is priced at ₹10-11 per equity share. The minimum order quantity is 1298 Shares. The IPO opens on Apr 18, 2024, and closes on Apr 22, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Vodafone Idea Limited FPO opens on Apr 18, 2024 and closes on Apr 22, 2024.

Ans. The size of Vodafone Idea Limited FPO is 16,363,636,363 shares(aggregating up to ₹18,000.00 Cr).

Ans. The IPO price band is set between ₹10-11 per equity share.

Ans. To apply for Vodafone Idea Limited FPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find Vodafone Idea Limited FPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of Vodafone Idea Limited FPO is Apr 23, 2024.

Ans. The Vodafone Idea Limited FPO will be listed on Apr 25, 2024.

Ans. Follow the steps to check the allotment status for Vodafone Idea Limited FPO here.