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, like airtel and jio.
Vodafone Idea FPO Overview:
- Issue Period: April 18, 2024, to April 22, 2024
- Issue Size: ₹18,000.00 crores
- Type: Book Built Issue (FPO)
- Fresh Issue: 16,363,636,363 shares
- Price Band: ₹10 to ₹11 per share
- Minimum Lot Size: 1298 shares
- Retail Investor Minimum Investment: ₹14,278
- Listing Date: Thursday, April 25, 2024
- Listing Exchanges: BSE and NSE
The last date to apply for the Vodafone Idea FPO IPO (Follow-on Public Offering) is April 22, 2024
Reservation Details:
- QIB (Qualified Institutional Buyers): 20.00% of the issue
- NII (Non-Institutional Investors): 15.00% of the issue
- RII (Retail Individual Investors): 35.00% of the issue
Vodafone Idea FPO IPO Grey Market Premium(GMP)
Updated on : April 21, 2024
The Grey Market Premium (GMP) for Vodafone Idea’s FPO IPO has decreased from ₹1.10 per share to ₹0.40 per share today. suggesting of approximately 3.63% for investors based on current trends.
Updated on : April 21, 2024
The grey market premium for Vodafone Idea’s FPO has been around ₹1.10 per share, suggesting an upside of approximately 10.00% for investors based on current trends.
should i apply for Vodafone Idea FPO IPO or not today ?
Research
Before investing in any IPO, conduct thorough research on the company, its financials, business prospects, and industry trends. Understand Vodafone Idea’s current financial situation, competitive landscape, and growth potential.
Risk
Consider your risk tolerance. IPOs can be volatile, and their prices may fluctuate significantly in the initial days of listing. Assess whether you are comfortable with the potential risks associated with investing in Vodafone Idea fpo ipo.
Company Fundamentals
Evaluate Vodafone Idea’s fundamentals, including revenue, profitability, debt levels, and market share. Consider factors such as the telecom sector’s challenges, regulatory environment, and the company’s ability to turn around its operations.
Grey Market Premium (GMP)
- The grey market premium (GMP) indicates investor sentiment before the listing.
- Currently, Vodafone Idea’s GMP is around ₹1.10-1.20 per share (as per recent trends).
- A positive GMP suggests demand, but it doesn’t guarantee future performance.
Long-Term vs. Short-Term
Decide whether you’re looking for a short-term gain (listing gains) or a long-term investment. If you believe in the company’s long-term prospects, consider holding the shares beyond the listing date.
Consult a Financial Advisor
Seek advice from a certified financial advisor who can assess your individual financial goals, risk appetite, and investment horizon. They can provide personalized guidance based on your specific circumstances.
