Vodafone Idea FPO
FPO Details
- Open Date
18 Apr 2024
- Close Date
22 Apr 2024
- FPO
Price Range
₹ 10 to ₹ 11
- FPO
Size
₹ 18000 Cr
- Listing Exchange
BSE, NSE
- Listing Date
25 Apr 2024
FPO Timeline
Vodafone Idea FPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 18-Apr-24 | 0.67 | 0.31 | 0.07 | 0.29 |
| 19-Apr-24 | 1.03 | 0.83 | 0.14 | 0.54 |
| 22-Apr-24 | 19.31 | 4.54 | 1.01 | 6.99 |
Last Updated: 09 May 2024 8:01 PM by 5Paisa
Vodafone Idea (VI) FPO is set to open from 18th April to 22nd April 2024. The company is the third-largest telecommunications service provider in the country. The FPO includes a fresh issue of 16,363,636,363 shares worth ₹18,000.00 cr. The share allotment date is 23rd April 2024, and the FPO will be listed on 25th April 2024 on the stock exchanges. The price band is set at ₹10 to ₹11 and the lot size is 1298 shares.
Axis Capital Limited, Jefferies India Private Limited, and SBI Capital Markets Limited are the book-running lead managers for this FPO, while Link Intime India Private Limited is the registrar.
Objectives of Vodafone Idea FPO:
● To fund the equipment purchase for the expansion of the network infrastructure by setting up new 4G sites, expanding the capacity of existing 4G Sites and new 4G sites, and setting up new 5G sites.
● To pay DoT for deferred payments for spectrum and GST.
● General corporate purposes.
Vodafone Idea FPO Size
| Types | Size (₹Cr) |
|---|---|
| Total FPO size | 18,000.00 |
| Offer for sale | - |
| Fresh issue | 18,000.00 |
Vodafone Idea 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 FPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| Anchor Allocation | 1 | 4,90,90,90,908 | 4,90,90,90,908 | 5,400.000 |
| QIB | 19.31 | 3,27,27,27,273 | 63,21,05,38,776 | 69,531.593 |
| NII (HNI) | 4.54 | 2,45,45,45,454 | 11,14,38,94,630 | 12,258.284 |
| Retail | 1.01 | 5,72,72,72,727 | 5,76,38,65,052 | 6,340.252 |
| Total | 6.99 | 11,45,45,45,454 | 80,11,82,98,458 | 88,130.128 |
Vodafone Idea FPO Anchor Allocation
| Anchor Bid Date | 16 April, 2024 |
| Total no. of shares offered | 4,909,090,908 |
| Portion Size for Anchor Investors | 5,400.00 Cr. |
| Lock in Period for 50% shares (30 days) | 23 May, 2024 |
| Lock in Period for rest of shares (90 days) | 22 July, 2024 |
Established in 1995, Vodafone Idea is the third-largest telecommunications service provider in the country. Globally, the company ranks sixth for being the largest cellular operator in terms of subscribers. Vodafone Idea provides services related to voice, data, enterprise and other value-added services (VAS), including short messaging services and digital services across 2G, 3G and 4G technologies.
The company had a 17.79% share in the Indian mobile telecommunications services industry for applicable gross revenue (ApGR) for the December quarter of FY24. For the same period, the company’s total number of subscribers was around 223.0 million with a market share of 19.3%.
Peer Comparison
● Bharti Airtel Limited
● Bharti Hexacom Limited
● Reliance Jio Infocomm Limited
For More Information:
Webstory on Vodafone Idea FPO
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 42177.2 | 38515.5 | 41952.2 |
| EBITDA | 16817.0 | 16036.1 | 16945.7 |
| PAT | -29301.1 | -28245.4 | -44233.1 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 207242.7 | 194029.1 | 203480.6 |
| Share Capital | 48679.7 | 32118.8 | 28735.4 |
| Total Borrowings | 281601.8 | 255993.9 | 241708.6 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 18868.7 | 17387.0 | 15639.7 |
| Net cash from / (used in) investing activities | -5413.6 | -5730.3 | 1075.1 |
| Net cash flow from / (used in) financing activities | -14679.5 | -10553.8 | -16731.4 |
| Net increase (decrease) in cash and cash equivalents | -1224.4 | 11,029 | -16.60 |
Strengths
1. The company has a very Large Subscriber Base.
2. It also has an extensive Telecommunication Network.
3. The company has an Existing Network Built on 5G-Ready Architecture.
4. The company enjoys a Large Enterprise Customer Base with Longstanding Relationships.
5. It has an extensive distribution and service network.
6. It is a Trusted Brand with a Strong Proposition.
7. Experienced management team.
Risks
1. High working capital requirements.
2. It has incurred significant indebtedness.
3. The company faced intense competition.
4. The company has incurred losses in the past.
5. It is dependent on the service areas of Maharashtra, Gujarat and Mumbai for a significant proportion of our revenues.
6. A churn in the mobile telecommunications industry in India can impact the company.
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FAQs
Vodafone Idea FPO opens from 18th April to 22nd April 2024.
The size of Vodafone Idea FPO is ₹18,000 cr.
To apply for Vodafone Idea FPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current FPO section
● Enter the number of lots and the price at which you wish to apply for the Vodafone Idea FPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The price band of Vodafone Idea FPO is set at ₹10 to ₹11 per share.
The minimum lot size of Vodafone Idea FPO is 1298 shares and the minimum investment required to apply for the FPO is ₹12980.
The share allotment date of Vodafone Idea FPO is 23rd April 2024.
The Vodafone Idea FPO will be listed on 25th April 2024.
Axis Capital Limited, Jefferies India Private Limited, and SBI Capital Markets Limited are the book-running lead managers for Vodafone Idea FPO.
Vodafone Idea Limited will use the proceeds from the FPO for:
● To fund the equipment purchase for the expansion of the network infrastructure by setting up new 4G sites, expanding the capacity of existing 4G Sites and new 4G sites, and setting up new 5G sites.
● To pay DoT for deferred payments for spectrum and GST.
● General corporate purposes.
Contact Information
Vodafone Idea
Vodafone Idea Limited
Suman Tower, Plot No. 18
Sector 11, Gandhinagar-382011
Phone: +91 98246 34997
Email: shs@vodafoneidea.com
Website: http://www.myvi.in/
Vodafone Idea FPO Register
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: vil.fpo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Vodafone Idea FPO Lead Manager
Axis Capital Limited
Jefferies India Private Limited
SBI Capital Markets Limited
