Vodafone Idea Limited FPO

Mainboard

Telecom - Cellular & Fixed line services

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

₹ 14278 /1298 Shares

Check Allotment

18 Apr, 2024

Open Date

22 Apr, 2024

Close Date

23 Apr, 2024

Allotment Date

25 Apr, 2024

Listing Date

Price Summary

Last Closing

8.71 (-20.82%)

52 Week High

10.47

52 Week Low

6.12

Last Update

17-Oct-2025 3:30 PM

Vodafone Idea Limited FPO IPO Issue Details

Issue Price ₹10-11 per equity share
Face Value ₹10 Per Equity Share
Total Issue Size 16,36,36,36,363 shares(aggregating up to ₹18000 crore)
Fresh Share 16,36,36,36,363 shares(aggregating up to ₹18000 crore)
Listing at BSE, NSE
List Price 11.8(NSE)
Listing Date 2024-04-25
Lead Manager Axis Capital Limited
Jefferies India Private Limited
SBI Capital Markets Limited
Registrar Link Intime India Private Ltd

Market Lot Size

Investors can bid for a minimum of 1,298 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (min)	1	1,298	₹14,278
Retail(max)	14	18,172	₹1,99,892
SHNI(min)	15	19,470	₹2,14,170
SHNI(max)	70	90,860	₹9,99,460
BHNI(min)	71	92,158	₹10,13,738

Vodafone Idea Limited FPO IPO Reservation

Vodafone Idea Limited FPO IPO offers total 16,363,636,362 shares. Out of which 3,272,727,273 (20%) allocated to QIB, 2,454,545,454 (15%) allocated to NII,5,727,272,727 (35%) allocated to RII, NA (NA%) allocated to employees and 4,909,090,908 (30%) allocated to Anchor investors.

Investor Category	Shares Offered	Maximum Allottees
Anchor Investor Shares Offered	4,909,090,908 (30%)
QIB Shares Offered	3,272,727,273 (20%)
NII (HNI) Shares Offered	2,454,545,454 (15%)
bNII < ₹10L	1,636,363,636 (10%)
sNII < ₹10L	818,181,818 (5%)
Retail Shares Offered	5,727,272,727 (35%)
Total Shares Offered	16,363,636,362 (100%)

Vodafone Idea Limited FPO IPO Documents

RHP

ANCHOR

Vodafone Idea Limited FPO IPO Details

Vodafone Idea Limited FPO IPO is a book-built issue of ₹18000 crores, The total issue size is ₹18000 crores. The IPO of Vodafone Idea Limited FPO is priced at ₹10-11 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Apr 18, 2024 and ends on Apr 22, 2024. The allotment for Vodafone Idea Limited FPO IPO will be finalized on Apr 23, 2024. Vodafone Idea Limited FPO IPO will be listed on BSE, NSE, with a tentative listing date fixed as Apr 25, 2024. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.

Retail investors can bid for a minimum of 1298 shares, extendable to 14,278. S-HNIs will be able to bid for 19,470 shares at ₹2,14,170, while B-HNIs can also apply for a bid of 92,158 shares at ₹10,13,738. The book-running lead manager for the IPO is/are Axis Capital Limited, Jefferies India Private Limited, SBI Capital Markets Limited.

The total issue ₹18000 crore, comprising a fresh issue of 16,36,36,36,363 shares ₹18000 crore
The Vodafone Idea Limited FPO IPO sets its price band at 10-11 for each share. A single application for Vodafone Idea Limited FPO must contain at least 1298 shares. Sentiment investors need to invest a minimum of 1,298 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,278 In order to participate in the sNII, investors must purchase at least 15 lots of 19,470 shares for ₹2,14,170, while the bNII requires 71 lots of 92,158 shares for an investment of ₹10,13,738.

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	3,272,727,273	2,454,545,454 1,636,363,636 818,181,818	5,727,272,727	11,454,545,454
Day 1 18-04-24 05:00 PM	0.61 x	0.28 0.33 x 0.17 x	0.06 x	0.26 x
Day 2 19-04-24 05:00 PM	0.93 x	0.75 0.92 x 0.40 x	0.13 x	0.49 x
Day 3 22-04-24 05:00 PM	19.31 x	4.54 6.04 x 1.55 x	1.01 x	6.99 x

Total No of Applications

11,59,356

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

Vodafone Idea Limited FPO Company Financials

In Crs.

In Cr.

	31-Mar-23	31-Mar-22	31-Mar-21
Assets	207,242.7	194,029.1	203,480.6
Revenue	42,488.5	38,644.9	42,126.4
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	-94,083.6	N/A
Total Borrowing	201,586.0	190,917.7	180,310.3

About Vodafone Idea Limited FPO 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.

Vodafone Idea Limited FPO - Promoter(s)

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.

Pre Issue Share Holding : 48.75%

Post Issue Share Holding : 36.87%

Vodafone Idea Limited FPO IPO - Issue Objectives

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 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.

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.

Contact Details

Vodafone Idea Limited FPO

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

+91 98246 34997

shs@vodafoneidea.com

http://www.myvi.in/

Registrar Contact Details

Link Intime India Private Ltd

+91-22-4918 6270

vil.fpo@linkintime.co.in

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. You can track the real-time subscription numbers using the links below:

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

Ans. The Vodafone Idea Limited FPO price band is set between ₹10-11 per equity share.

Ans. To apply for Vodafone Idea Limited FPO, 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 Vodafone Idea Limited FPO allotment status online.