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28 Feb, 2026
Vodafone Idea Limited FPO
Vodafone Idea or Vi, an Indian mobile network has launched its Follow-on Public Offer (FPO) to raise Rs 18,000 crores. The stock of Vodafone Idea FPO has a face value of ₹10 per share and the price band for the book building FPO (follow-on public offer) has been set in the range of ₹10 to ₹11 per share. Vodafone Idea FPO will entirely a fresh issue of 1636.36 crore shares. The fresh issue tends to bring in fresh funds into the company, but is also EPS and equity dilutive.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Vodafone Idea Limited FPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Vodafone Idea Limited FPO Details
| Detail | Description |
|---|---|
| IPO Date | April 18, 2024 to April 22, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹10 to ₹11 per share |
| Lot Size | 1298 Shares |
| Total Issue Size | 16,363,636,363 shares (aggregating up to ₹18,000.00 Cr) |
| Fresh Issue | 16,363,636,363 shares (aggregating up to ₹18,000.00 Cr) |
| Issue Type | Book Built Issue FPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 50,119,820,375 |
| Share holding post issue | 66,483,456,738 |
Vodafone Idea Limited FPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Thursday, April 18, 2024 |
| IPO Close Date | Monday, April 22, 2024 |
| Basis of Allotment | Tuesday, April 23, 2024 |
| Initiation of Refunds | Wednesday, April 24, 2024 |
| Credit of Shares to Demat | Wednesday, April 24, 2024 |
| Listing Date | Thursday, April 25, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 22, 2024 |
Vodafone Idea Limited FPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1298 | ₹14,278 |
| Retail (Max) | 14 | 18172 | ₹199,892 |
| S-HNI (Min) | 15 | 19,470 | ₹214,170 |
| S-HNI (Max) | 70 | 90,860 | ₹999,460 |
| B-HNI (Min) | 71 | 92,158 | ₹1,013,738 |
Vodafone Idea Limited FPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| - | - |
Competitive Strength:
- -
Vodafone Idea Limited FPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2023 | 190,801.80 | 32,125.60 | -23,563.80 | -97,931.90 | - | 203,425.70 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 207,242.70 | 42,488.50 | -29,301.10 | -74,359.10 | - | 201,586.00 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 194,029.10 | 38,644.90 | -28,245.40 | -61,964.80 | - | 190,917.70 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2021 | 203,480.60 | 42,126.40 | -44,233.10 | -38,228.00 | - | 180,310.30 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| -5.85 | -4.73 |
| -1.88 | -2.33 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | ||
| P/E (x) |
Objectives of the Issue
The company proposes to utilise the Net Proceeds towards funding of the following objects:
3. General corporate purposes.
- 1. Purchase of equipment for the expansion of the 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;
- 2. Payment of certain deferred payments for spectrum to the DoT and the GST thereon; and
Vodafone Idea FPO review
VODAFONE IDEA LIMITED is the third largest player in telecommunication services and based on its financial performance so far with negative net earnings and the second mega issue offer in the last five years are the point of concern. Looking at the interest of big investors, fund houses, and the helping hand from the Government of India may bring this ailing player on track in coming years. Considering this, well-informed/cash surplus investors may park moderate funds for long term and may add on post listing at lower levels to average out the investment with a long term investment strategy.
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Frequently Asked Questions (FAQs)
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Why VI FPO?
The initial public offer (IPO) of Vodafone Idea Limited offers an early investment opportunity in Vodafone Idea Limited. A stock market investor can buy VI FPO shares by applying in IPO before Vodafone Idea Limited shares get listed at the stock exchanges. An investor could invest in VI FPO for short term listing gain or a long term.
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Is VI FPO good?
Our recommendation for VI FPO is to subscribe for long term.
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When will VI FPO allotment status?
The VI FPO allotment status will be available on or around April 23, 2024. The allotted shares will be credited in demat account by April 24, 2024.
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When will VI FPO list?
The VI FPO list date is not yet available. The VI FPO is planned to list on April 25, 2024, at BSE, NSE.
