Vodafone Idea Limited ranks third among telecom service providers in India by subscriber count, according to the TRAI Subscription Report. They offer a wide range of services across voice, data, enterprise, and value-added categories like texting and digital offerings. Their network covers the entire country and operates on 2G, 3G, and 4G technologies. Alongside serving individual customers, they also cater to businesses with connectivity services and hold licenses for various services including national and international long distance, internet provision, and infrastructure. The company is jointly promoted by the Aditya Birla Group and the Vodafone Group. As of December 31, 2023, they held a significant amount of spectrum across different bands, with a vast network of towers and broadband sites covering a substantial portion of the population. Their mobile network reaches thousands of towns and villages, and they provide broadband to many more across the country.
What is an Vodafone Idea FPO?
Follow-on Public Offering (FPO) is a secondary offering of shares made by a Vodafone Idea has already gone through an IPO. In an FPO, the Vodafone Idea company issues new shares to the public and raises additional funds. FPOs are typically used by companies to finance growth, pay down debt, or fund acquisitions.
Read More about – IPO VS FPO
Company Overview:
Vodafone Idea Limited is a telecommunications company formed as a partnership between two strong promoters, Aditya Birla Group and Vodafone Group. The company operates in the highly competitive Indian telecom market.
The total offer size includes a fresh issue of up to Equity Shares, amounting to ₹180,000 million, and an offer for sale of up to Equity Shares, also aggregating up to ₹180,000 million.
| ipo Date | 18 April – 22 April 2024 |
| Min. Investment | ₹14,278 |
| Lot Size | 1298 |
| Price Range | ₹10 – ₹11 |
| Issue Size | 18000.00Cr |
| IPO Doc | View |
Vodafone Idea FPO IPO application details
For the Vodafone Idea (FPO) IPO, eligible investors have the option to apply through two categories:
1. Regular: In the Regular category, investors can apply within the price band of ₹10 to ₹11, with the maximum application amount set at ₹2 lakh.
2. High Networth Individuals (HNIs): HNIs apply within the same price band of ₹10 to ₹11 but have the flexibility to apply for amounts ranging from ₹2 lakh to ₹5 lakh.
Vodafone Idea FPO IPO Allotment & Listing Dates
| Vodafone Idea FPO IPO | Dates |
|---|---|
| IPO Offer Start | 18 April 2024 |
| IPO Offer Ends | 22 April 2024 |
| Allotment Finalisation | 23 April 2024 |
| Refund Initialisation | 24 April 2024 |
| Share Transfer to Demat | 24 April 2024 |
| Date of Listing | 25 April 2024 |
Note
It’s important to note that for anchor investors, 50% of their investment will be subject to a lock-in period until May 23, 2024, which is 30 days after the actual allotment date. The remaining 50% of their investment will have a lock-in period until July 23, 2024, which extends to 90 days after the actual allotment date.
Quotas for Different Investor Categories
| Investor Category | Allocation Percentage |
|---|---|
| Retail Quota | 35% |
| QIB (Qualified Institutional Buyer) | 50% |
| HNI (High Net Worth Individual) | 15% |
Vodafone Idea Company Financial Revenue & Profit Report
| Year | Revenue | Total Assets | Profit (PAT) |
|---|---|---|---|
| 2021 | ₹42,126 | 2,03,131 | ₹ -44,233 |
| 2022 | ₹38,645 | 1,93,931 | ₹ -28,245 |
| 2023 | ₹42,489 | 2,07,273 | ₹ -29,301 |
Advantages & Disadvantages of vodafone idea fpo IPO
Advantages:
Disadvantages:
Promoters of Vodafone Idea Company
- 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 REGISTERED OFFICE:
Suman Tower, Plot No. 18,
Sector 11, Gandhinagar 382 011,
Gujarat, India
CORPORATE OFFICE:
Birla Centurion, 10th Floor,
Century Mills Compound,
Pandurang Budhkar Marg, Worli,
Mumbai 400 030, Maharashtra,
India
EMAIL AND TELEPHONE:
Website: www.myvi.in
Email: shs@vodafoneidea.com
Tel: +91 98246 34997
How to check the allotment status for the Vodafone Idea FPO?
You can check the allotment status for the Vodafone Idea FPO on the Registrar website – Linkintime
