Vodafone Idea Limited FPO IPO 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 | 1,298 Shares |
| Total Issue Size | 16,36,36,36,363 shares (aggregating up to ₹ 18,000.00 Cr) |
| Fresh Issue | 16,36,36,36,363 shares (aggregating up to ₹ 18,000.00 Cr) |
| Issue Type | Book Built Issue FPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 50,11,98,20,375 |
| Share holding post issue | 66,48,34,56,738 |
About 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.
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.
Vodafone Idea Limited FPO Financial Information
Latest Revenue
32,125.60
₹ Crore
Profit After Tax
-23,563.80
₹ Crore
Net Worth
-97,931.90
₹ Crore
Total Borrowing
2,03,425.70
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2023 | 1,90,801.80 | 32,125.60 | -23,563.80 | -97,931.90 | 2,03,425.70 | ||||
| 31 Mar 2023 | 2,07,242.70 | 42,488.50 | -29,301.10 | -74,359.10 | 2,01,586.00 | ||||
| 31 Mar 2022 | 1,94,029.10 | 38,644.90 | -28,245.40 | -61,964.80 | 1,90,917.70 | ||||
| 31 Mar 2021 | 2,03,480.60 | 42,126.40 | -44,233.10 | -38,228.00 | 1,80,310.30 | ||||
| Amount in ₹ Crore | |||||||||
Vodafone Idea Limited FPO Key Performance Indicator
| KPI | Values |
|---|---|
| -5.85 | -4.73 |
| -1.88 | -2.33 |
Frequently Asked Questions
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Competitive Strengths
Vodafone Idea Limited FPO IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid 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 |