Vodafone Idea Ltd
Price Range
₹10 - ₹11
Min. Quantity
1,298
Closes on
22 April 2024
Min. investment
₹14,278/18,172 Shares
Vodafone Idea Ltd IPO Timeline
Vodafone Idea Limited (Formerly known as Idea Cellular Limited) is the third largest wireless operator by subscribers in India with a Revenue Market Share of approximately 18.7% of the Indian mobile telecommunications services industry for quarter ended December 2022. The Company, a partnership between two strong promoters Aditya Birla Group India and Vodafone Group UK, is a major telecommunications provider in India, offering voice, data, enterprise services and other Value Added Services (VAS), including Short Messaging Services, Digital Services, IoT etc. As of March 31, 2023, the subscriber base of the Company stands at 236.8 million (on VLR), with the subscriber market share on VLR stands at 20.7%
| Event | Date |
|---|---|
| Vodafone Idea Ltd IPO Opening Date | 18 April 2024 |
| Vodafone Idea Ltd IPO Closing Date | 22 April 2024 |
| Basis of Allotment | 23 April 2024 |
| Initiation of Refunds | 24 April 2024 |
| Credit of Shares to Demat | 24 April 2024 |
| Vodafone Idea Ltd IPO Listing Date | 25 April 2024 |
Vodafone Idea Ltd IPO Details
| Vodafone Idea Ltd IPO Date | 18 April 2024 to 22 April 2024 |
| Vodafone Idea Ltd IPO Face Value | ₹10 per share |
| Vodafone Idea Ltd IPO Price | ₹10 to ₹11 per share |
| Vodafone Idea Ltd IPO Lot Size | 1,298 |
| Issue Size | Shares of ₹10 (aggregating up to ₹18,000 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹18000 Cr) |
| Offer for Sale | - |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 3,60,00,00,001 of the Net Offer |
| Retail Shares Offered | Not less than 6,30,00,00,000 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 2,70,00,00,000 of the Net Offer |
| Company Promoters | Kumar Mangalam Birla, Hindalco Industries Ltd, Grasim Industries Ltd |
Vodafone Idea Ltd IPO Lot Size
The Vodafone Idea Ltd IPO lot size is 1,298 shares. A retail-individual investor can apply for up to 14 lots (18,172 shares or ₹1,99,892).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,298 | ₹14,278 |
| Maximum | 14 | 18,172 | ₹1,99,892 |
- Strengths
- Risks
- Opportunities
- Large subscriber base.
- Extensive telecommunication network.
- Existing network built on 5G-ready architecture.
- Large enterprise customer base with longstanding relationships.
- Extensive distribution and service network.
- Trusted brand with strong proposition.
- Strong promoter support.
- Experienced management team.
Company Financials
Vodafone Idea Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 1,85,001.4 | 42,382.5 | -31236.20 |
| 03-2023 | 2,07,273.1 | 42,187.8 | -29307.80 |
| 03-2022 | 1,93,931.4 | 38,318.2 | -28237.20 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Purchase of equipment for the expansion of its network infrastructure by (a) setting up new 4G site,(b) expanding the capacity of existing 4G sites and new 4G sites and (c) setting up new 5G site
- Payment of certain deferred payment for spectrum to the DoT and the GST theron
- General corporate purposes
Vodafone Idea Ltd IPO Promoter Holding
| Pre Issue Share Holding | - |
| Post Issue Share Holding | - |
Vodafone Idea Ltd IPO Subscription Status (Bidding Detail)
The Vodafone Idea Ltd IPO is subscribed 6.36 times on 22 April 2024 05:00:00 PM. The public issue subscribed 0.92 times in the retail category, 17.56 times in the QIB category, and 4.13 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 17.56 | 4.13 | 0.92 | - | 6.36 |
Vodafone Idea Ltd IPO Prospectus
Vodafone Idea Ltd IPO Listing Date
| Listing Date | 25 April 2024 |
| BSE Script | 532822 |
| NSE Symbol | IDEA |
| Listing In | BSE, NSE |
| ISIN | INE669E01016 |
| IPO Price | ₹11 |
| Face Value | ₹10 |
Company Contact Information
Suman Tower Plot No 18Sector - 11,Gandhinagar-382011
Phone: +91 98246 34997
Email: shs@vodafoneidea.com
Website: www.myvi.in
Vodafone Idea Ltd IPO Registrar
Vodafone Idea Ltd IPO Lead Manager(s)
- Axis Capital Ltd
- Jefferies India Pvt Ltd
- SBI Capital Markets Ltd
FAQ
What is the issue size of Vodafone Idea Ltd IPO?
I have pre-applied for Vodafone Idea Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.