Vodafone Idea FPO Price: ₹10 to ₹11
FPO Date Range: Apr 18, 2024 - Apr 22, 2024
Vodafone Idea Limited, known as Vi, is a prominent telecommunications player in India. Established in March 1995, it emerged from the merger of Vodafone India and Idea Cellular in 2018, combining decades of experience under strong brands. Vi offers a diverse range of telecom services, including voice, data, and digital offerings across various platforms like 2G, 3G, 4G, 4G+, VoLTE, and VoWiFi.
Vodafone Idea's service portfolio caters to a broad customer base with products such as Vi Max Postpaid, Prepaid, and Vi Games. The company is recognized for its innovative offerings, including extra data, free OTT subscriptions, and festive recharge offers. Additionally, Vodafone Idea provides enterprise solutions like mobility, connectivity, IoT solutions, business communication, cloud services, and business analytics. Their value-added services encompass entertainment, voice and SMS-based services, as well as utility services like missed call alerts and doctor on call.
Vodafone Idea boasts a robust network coverage across India, with a focus on expanding its high-speed 4G LTE network to meet the growing demand for data services. With around 183,400 tower locations in India, Vi provides broadband services to over 438,900 units, covering more than a billion people. The merger has significantly increased their 4G population coverage. While primarily focused on the Indian market, Vi's global presence extends to collaborations with mobile networks in 45 countries.
As of December 31, 2023, Vodafone Idea had over 223.0 million subscribers and a subscriber market share of 19.3%. Vi's promoters include the Aditya Birla group and the Vodafone group, both recognized leaders in their respective domains. The Aditya Birla group operates across diverse sectors in 40 countries, while the Vodafone group serves over 300 million customers in 17 countries and collaborates with networks in 45 other countries.
| FPO Date | April 18, 2024 to April 22, 2024 |
| Listing Date | Thursday, April 25, 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 |
Bidders have the opportunity to bid for a minimum of 1298 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,298 | ₹14,278 |
| Retail (Max) | 14 | 18,172 | ₹1,99,892 |
| S-HNI (Min) | 15 | 19,470 | ₹2,14,170 |
| S-HNI (Max) | 70 | 90,860 | ₹9,99,460 |
| B-HNI (Min) | 71 | 92,158 | ₹10,13,738 |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| FPO Open Date | Thursday, April 18, 2024 |
| FPO 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 |
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Vodafone Idea Limited saw a 9.95% increase in revenue for the fiscal year 2023 (ending March 31st) compared to the previous year. However, their profit after tax (PAT) declined by 3.74%.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 | 31 Dec 2023 |
|---|---|---|---|---|
| Assets | 203,480.60 | 194,029.10 | 207,242.70 | 190,801.80 |
| Revenue | 42,126.40 | 38,644.90 | 42,488.50 | 32,125.60 |
| Profit After Tax | -44,233.10 | -28,245.40 | -29,301.10 | -23,563.80 |
| Net Worth | -38,228.00 | -61,964.80 | -74,359.10 | -97,931.90 |
| Reserves & Surplus | -94,083.60 | -123,038.80 | -146,611.60 | |
| Total Borrowing | 180,310.30 | 190,917.70 | 201,586.00 | 203,425.70 |
| KPI | Values |
|---|---|
| Market Cap (Rs Cr) | 73131.8 |
| P/E (x) | -1.88 |
| EPS (Rs) | -5.85 |
The company plans to utilize the Net Proceeds for the following objectives: procurement of equipment to expand the network infrastructure, encompassing the establishment of new 4G sites, augmentation of existing 4G sites, and deployment of new 5G sites; settling certain deferred payments for spectrum to the Department of Telecommunications (DoT) along with associated Goods and Services Tax (GST); and addressing general corporate needs.
Prospectus: Official documents that provide detailed information about the FPO and the company. Vodafone Idea FPO RHP.
A Follow-on Public Offering (FPO) is a process through which a publicly traded company issues additional shares of stock to the public after its Initial Public Offering (IPO).
Companies may pursue a Follow-on Public Offering (FPO) to raise additional capital for various purposes, such as funding expansion projects, paying off debts, acquiring other companies, investing in research and development, or simply to provide liquidity for existing shareholders.
The price range for the"Vodafone Idea Limited" FPO is ₹10 to ₹11 per share.
The "Vodafone Idea Limited" FPO is expected to be listed on Thursday, 25 April 2024.
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