Vodafone Idea FPO Description – The company is a leading telecommunications operator in India, providing a wide range of services including voice, data, enterprise solutions, and various Value-Added Services (VAS) such as Short Messaging Services, Digital Services, and IoT. As of 31 December 2023, the company boasted over 223.0 million subscribers, capturing a subscriber market share of 19.3%. Its network facilitated the transmission of 401 billion voice minutes and 6,004 billion megabytes of data.
As of 31 December 2023, the Vodafone group serves more than 300 million customers across 17 countries, delivering both mobile and fixed services. Furthermore, it maintains partnerships with mobile networks in 45 additional countries. Notably, the Vodafone group hosts one of the globe’s largest Internet of Things (IoT) platforms.
As of 31 December 2023, the company boasted around 183,400 unique tower locations and over 438,900 broadband (3G and 4G) sites, with all its 4G sites equipped to offer voice-over-LTE (VoLTE) services. The population coverage surpassed 1.2 billion individuals, while the Optical Fiber Cable (OFC) network extended over 298,000 kilometers, comprising both proprietary infrastructure and Indefeasible Rights of Use (IRU) agreements (excluding duplications).
The mobile network extends its reach to numerous communities across over 487,000 towns and villages in India, providing broadband services in more than 342,200 towns and villages, as of 31 December 2023.
Promoters of Vodafone Idea – 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
Table of Contents
Vodafone Idea FPO Details
| Vodafone Idea FPO Dates | 18 – 22 April 2024 |
| Vodafone Idea Issue Price | INR 10 – 11 per share |
| Fresh issue | 16,363,636,363 shares (INR 18,000 crore) |
| Offer For Sale | NIL |
| Total IPO size | 16,363,636,363 shares (INR 18,000 crore) |
| Minimum bid (lot size) | 1,298 shares (INR 14,278) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | BSE, NSE |
Vodafone Idea Issue Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 |
| Revenue | 41,952.2 | 38,515.5 | 42,177.2 | 32,044.9 |
| Expenses | 25,006.5 | 22,479.4 | 25,360.2 | 19,0.38.6 |
| Net income | (44,233.1) | (28,245.4) | (29,301.1) | (23,563.8) |
| Margin (%) | (105.44) | (73.34) | (69.47) | (73.53) |
Vodafone Idea Offer News
- Vodafone Idea FPO Ratings: Here is Why Analysts Are Positive Ratings
- Vodafone Idea RHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Vodafone Idea Valuations & Margins
|  | FY 2021 | FY 2022 | FY 2023 (Pre-Issue) | FY 2024 (Post-Issue)* |
| EPS | (8.83) | (5.64) | (5.85) | (4.61) |
| PE ratio | – | – |
| FY 2021 | FY 2022 | FY 2023 | |
| RONW (%) | NA | NA | NA |
| NAV | (7.63) | (12.36) | (14.84) |
| EBITDA (%) | 40.39 | 41.64 | 39.87 |
| Debt/Equity | (4.61) | (3.06) | (2.71) |
Vodafone Idea FPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 25 April 2024 | 1.5 | – | 1,500 |
| 24 April 2024 | 1.7 | – | 1,500 |
| 23 April 2024 | 1.10 | – | 1,000 |
| 22 April 2024 | 0.70 | – | – |
| 20 April 2024 | 1 | – | – |
| 19 April 2024 | 1.5 | – | 1,300 |
| 18 April 2024 | 1.7 | – | 1,400 |
| 17 April 2024 | 1.5 | – | 1,200 |
| 16 April 2024 | 1.5 | – | 1,000 |
| 15 April 2024 | 1.5 | – | 1,000 |
| 13 April 2024 | 1 | – | 500 |
Vodafone Idea FPO Objectives
The company proposes to utilize the Net Proceeds towards the funding of the following objects:
- Purchase of equipment for the expansion of our 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  – INR 12,750 crore
- Payment of certain deferred payments for spectrum to the DoT and the GST thereon  – INR 2,175.32 crore
- General corporate purposes
Vodafone Idea FPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 3,600,000,001 | 2,700,000,000 | 6,300,000,000 | 12,600,000,001 |
| 22 Apr 2024 | 17.56 | 4.13 | 0.91 | 6.36 |
| 19 Apr 2024 | 0.93 | 0.75 | 0.13 | 0.49 |
| 18 Apr 2024 | 0.61 | 0.28 | 0.06 | 0.26 |
Vodafone Idea – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Vodafone Idea | NA | (5.85) | NA | (14.84) | 42,177.2 |
| Bharti Airtel | 84.37 | 14.57 | 15.84 | 136.72 | 1,39,144.8 |
| Bharti Hexacom | 68.76 | 10.98 | 13.83 | 79.44 | 6,579.0 |
| Reliance Jio Infocomm | NA | 1.07 | 8.43 | 48.00 | 90,786.0 |
Vodafone Idea FPO Allotment Status
Vodafone Idea FPO allotment status is now available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Vodafone Idea FPO Dates & Listing Performance
| FPO Opening Date | 18 April 2024 |
| FPO Closing Date | 22 April 2024 |
| Finalization of Basis of Allotment | 23 April 2024 |
| Initiation of refunds | 24 April 2024 |
| Transfer of shares to demat accounts | 24 April 2024 |
| Vodafone Idea FPO Listing Date | 25 April 2024 |
Vodafone Idea FPO Reviews – Subscribe or Avoid?
Anand Rathi –
Axis Capital – Not rated
Ashika Research – Not rated
BP Wealth –
Capital Market – Avoid
Canara Bank Securities – Buy for long term
Choice Broking –
Elite Wealth – Avoid
Geojit – Subscribe
GEPL Capital –
Hem Securities – Subscribe for long term
IIFL Securities – ADD
Investmentz –
Jainam Broking – Subscribe for long term
DR Choksey –
Marwadi Financial – Subscribe
Mehta Equities –
Motilal Oswal –
Nirmal Bang –
Reliance Securities –
Samco Securities –
SBI Securities – Not rated
SMC Global –
Swastika Investmart – Neutral
Ventura Securities – Not rated
Vodafone Idea Offer Lead Manager
AXIS CAPITAL LIMITED
1st Floor, Axis House C-2, Wadia International Centre
Pandurang Budhkar Marg, Worli Mumbai 40025 Maharashtra
Phone: +91 22 4325 2183
Email:Â [email protected]
Website:Â www.axiscapital.co.in
Vodafone Idea Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 810 811 4949
Email:Â [email protected]
Website:Â www.linkintime.co.in
Vodafone Idea FPO Contact Details
VODAFONE IDEA LIMITED
Birla Centurion, 10th Floor, Century Mills Compound,
Pandurang Budhkar Marg, Worli, Mumbai 400 030
Phone:Â +91 98246 34997
Email:Â [email protected]
Website: www.myvi.in
Vodafone Idea FPO FAQs
How many shares in Vodafone Idea FPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for Vodafone Idea Public Offer?
The best way to apply for Vodafone Idea public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Vodafone Idea FPO GMP today?
Vodafone Idea FPO GMP today is INR 1.5 per share.
What is Vodafone Idea kostak rate today?
Vodafone Idea kostak rate today is INR NA per application.
What is Vodafone Idea Subject to Sauda rate today?
Vodafone Idea Subject to Sauda rate today is INR 1,500 per application.
