Vodafone Idea FPO Date, Review, Price, Allotment Details

Vodafone Idea FPO Details: Vodafone Idea FPO date is fixed, the FPO is to hit the market on April 18. and will close on April 22. Vodafone Idea aka VI FPO to raise around ₹18000 crores via FPO that comprises fresh issue of ₹18000 crores and offer for sale up to [.] equity shares of ₹10 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
vodafone idea FPO

Table of Contents

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

FPO Open:April 18, 2024
FPO Close:April 22, 2024
FPO Size:Approx ₹18000 Crores
Fresh Issue:Approx ₹18000 Crores
Face Value:₹10 Per Equity Share
FPO Price Band:₹10 to ₹11 Per Share
FPO Listing on:BSE & NSE
Retail Quota:35%
QIB Quota:50%
 NII Quota:15%
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors List:Click Here

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.

ApplicationLot SizeSharesAmount
Retail Minimum11,298₹14,278
Retail Maximum1418,172₹199,892
S-HNI Minimum1519,470₹214,170
B-HNI Minimum7192,158₹1,013,738

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.

Price Band Announcement:April 17, 2024
FPO Open Date:April 18, 2024
FPO Close Date:April 22, 2024
Basis of Allotment:April 23, 2024
Refunds:April 24, 2024
Credit to Demat Account:April 24, 2024
FPO Listing Date:April 25, 2024

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

  ₹ in Crores
Dec 2023₹32,126₹19,255₹23,564

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.

Earning Per Share (EPS):-₹8.43 per Equity Share
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):NA%
Net Asset Value (NAV):-₹15.28 per Equity Share

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,
Phone: +91 98246 34997
Email: [email protected]
Website: http://www.myvi.in/

Vodafone Idea FPO FAQs

What is Vodafone Idea FPO?

Vodafone Idea FPO is a main-board FPO. They are going to raise ₹18000 Crores via FPO. The issue is priced at ₹10 to ₹11 pr equity share. The FPO is to be listed on BSE & NSE.

When Vodafone Idea FPO will open?

The FPO is to open on April 18, 2024 for QIB, NII, and Retail Investors.

What is Vodafone Idea FPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Vodafone Idea FPO?

You can apply for Vodafone Idea FPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Vodafone Idea FPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on FPO. You will see the FPO Name “Vodafone Idea”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit FPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Vodafone Idea FPO through Upstox?

Log in to the Upstox Application with your credentials. Select the FPO. You will see the FPO Name “Vodafone Idea”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Vodafone Idea FPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the FPO. You will see the FPO Name “Vodafone Idea”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Vodafone Idea FPO Size?

Vodafone Idea FPO size is ₹18000 crores.

What is Vodafone Idea FPO Price Band?

Vodafone Idea FPO Price Band is ₹10 to ₹11.

What is Vodafone Idea FPO Minimum and Maximum Lot Size?

The minimum bid is [.] Shares with ₹[.] amount while the maximum bid is [.] shares with ₹[.].

What is the Vodafone Idea FPO Allotment Date?

Vodafone Idea FPO allotment date is April 23, 2024.

What is the Vodafone Idea FPO Listing Date?

Vodafone Idea FPO listing date is April 25, 2024. The FPO is to list on BSE and NSE.

Note: The Vodafone Idea FPO price band and date are officially announced yet. The FPO grey market premium (Vodafone Idea FPO Premium) will be added to the FPO grey market page as it will start).
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