Vodafone Idea FPO Date, Review, Price, Allotment Details

Vodafone Idea is the third largest telecommunications service provider in India based on subscriber base (Source: TRAI Subscription Report). According to the GSMA Intelligence Database, they are the sixth largest cellular operator globally in terms of number of subscribers in a single country of operations. Through their pan India network, they offer voice, data, enterprise, and other value-added services (“VAS”), including short messaging services and digital services across 2G, 3G, and 4G technologies. They also offer connectivity services to enterprise customers. They hold active licenses for national long-distance (“NLD”), international long-distance (“ILD”), internet service provider (“ISP”), and registration for infrastructure provider (“IP-1”) services. They carry inter-service area voice traffic and incoming and outgoing international voice traffic on their network, which is facilitated through interconnections with their active licenses.

Their promoters are part of the Aditya Birla group and the Vodafone group. The Aditya Birla group is one of the largest business groups in India and a leading global conglomerate. As of March 31, 2023, the Aditya Birla group had a presence in 40 countries across diverse sectors such as cement, metals and mining, mobile telecommunications, fashion retail, financial services, textiles, carbon black, trading, chemicals, renewables, paints, real estate, and jewellery retail. During the Financial Year 2023, Aditya Birla Group’s overseas revenues were also derived from operations in North and South America, Europe, and Asia (excluding India). The Vodafone group is the largest pan-European and African telecommunications company. As of December 31, 2023, the Vodafone group provides mobile and fixed services to over 300 million customers in 17 countries and has collaborations with mobile networks in 45 other countries. The Vodafone group also has one of the world’s largest Internet of Things (“IoT”) platforms.

All their services and products are offered under the brand backed by the strong brand recall of the Vodafone and Idea brands and cumulatively more than three decades of operations. Their total income for the Financial Year 2023 and nine months ended December 31, 2023, was ₹424,885 million and ₹321,256 million, respectively.

Objects 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.
• General corporate purposes.

Vodafone Idea FPO Review (Apply or Not)

• May Apply

Brokerage Firm FPO Review

• Geojit Securities: Apply
• Swastika Investmart: Neutral

Vodafone Idea (VI) FPO Date & Price Band Details

Vodafone Idea FPO Market Lot

The Vodafone Idea FPO minimum market lot is 1,298 shares with ₹14,278 application amount. The retail investors can apply up-to 14 lots with 18,172 shares or ₹199,892 amount.

Vodafone Idea FPO Allotment & Listing Dates

The Vodafone Idea FPO date is April 18 and the close date is April 22. The Vodafone Idea FPO allotment will be finalized on April 23 and the FPO listing on April 25.

You can check FPO subscription status and FPO allotment status on their respective pages.

Vodafone Idea FPO Form

How to apply for the Vodafone Idea FPO? You can apply for Vodafone Idea FPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Vodafone Idea FPO in the Invest section. The other option is you can apply for Vodafone Idea FPO via FPO forms downloaded via NSE and BSE. Check out the Vodafone Idea forms – Click BSE Forms & NSE Forms blank FPO forms download, fill, and submit in your bank or with your broker.

Vodafone Idea Company Financial Report

Vodafone Idea FPO Valuation – FY2023

Check Vodafone Idea FPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group

• Bharti Airtel Limited
• Bharti Hexacom Limited
• Reliance Jio Infocomm Limited

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
• Usha Martin Telematics Limited

Vodafone Idea FPO Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/initial_offer/public-issues.html

Vodafone Idea FPO Allotment Status Check

Check Vodafone Idea FPO allotment status on Linkintime website allotment URL. Click Here

Vodafone Idea FPO Lead Managers aka Merchant Bankers

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

Company Address

Vodafone Idea Limited
Suman Tower, Plot No. 18
Sector 11,
Gandhinagar-382011
Phone: +91 98246 34997
Email: [email protected]
Website: http://www.myvi.in/

Vodafone Idea FPO FAQs