Vodafone Idea FPO GMP, Price, Date, Allotment

0

Last updated on May 3, 2024

Vodafone Idea FPO GMP

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.

Vodafone Idea (VI) FPO

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


Vodafone Idea FPO Details

Vodafone Idea FPO Dates18 – 22 April 2024
Vodafone Idea Issue PriceINR 10 – 11 per share
Fresh issue16,363,636,363 shares (INR 18,000 crore)
Offer For SaleNIL
Total IPO size16,363,636,363 shares (INR 18,000 crore)
Minimum bid (lot size)1,298 shares (INR 14,278)
Face Value INR 10 per share
Retail Allocation35%
Listing OnBSE, NSE

Vodafone Idea Issue Financial Performance

 FY 2021FY 2022FY 20239M FY 2024
Revenue41,952.238,515.542,177.232,044.9
Expenses25,006.522,479.425,360.219,0.38.6
Net income(44,233.1)(28,245.4)(29,301.1)(23,563.8)
Margin (%)(105.44)(73.34)(69.47)(73.53)
Figures in INR Crores unless specified otherwise

Vodafone Idea Offer News


Vodafone Idea Valuations & Margins

FY 2021FY 2022FY 2023 (Pre-Issue)FY 2024 (Post-Issue)*
EPS(8.83)(5.64)(5.85)(4.61)
PE ratio
* Calculated on the basis of annualized Profits After Tax for FY 2024
FY 2021FY 2022FY 2023
RONW (%)NANANA
NAV(7.63)(12.36)(14.84)
EBITDA (%)40.3941.6439.87
Debt/Equity(4.61)(3.06)(2.71)
*Compiled by IPO Central from Prospectus

Vodafone Idea FPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
25 April 20241.51,500
24 April 20241.71,500
23 April 20241.101,000
22 April 20240.70
20 April 20241
19 April 20241.51,300
18 April 20241.71,400
17 April 20241.51,200
16 April 20241.51,000
15 April 20241.51,000
13 April 20241500

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

CategoryQIBNIIRetailTotal
Shares Offered3,600,000,0012,700,000,0006,300,000,00012,600,000,001
22 Apr 202417.564.130.916.36
19 Apr 20240.930.750.130.49
18 Apr 20240.610.280.060.26

Vodafone Idea – Comparison With Listed Peers

CompanyPE ratioEPSRONW (%)NAVRevenue (Cr.)
Vodafone IdeaNA(5.85)NA(14.84)42,177.2
Bharti Airtel84.3714.5715.84136.721,39,144.8
Bharti Hexacom68.7610.9813.8379.446,579.0
Reliance Jio InfocommNA1.078.4348.0090,786.0

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 Date18 April 2024
FPO Closing Date22 April 2024
Finalization of Basis of Allotment23 April 2024
Initiation of refunds24 April 2024
Transfer of shares to demat accounts24 April 2024
Vodafone Idea FPO Listing Date25 April 2024
Opening Price on NSEINR 11.80 per share (up 7.27%)
Closing Price on NSEINR 13.90 per share (up 26.36%)

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[email protected]
Website: 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: +91 810 811 4949
Email: [email protected]
Website: 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: +91 98246 34997
Email: [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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here