Vodafone Idea Limited FPO
- IPO Date18 Apr, 2024 to 22 Apr, 2024
- Listing Date25 Apr, 2024
- Face Value₹10 per share
- Issue Price₹10 to ₹11 per share
- Lot Size1298 Shares
- Minimum Investment₹14,278
- Listing AtBSE, NSE
- Total Issue Size-
- Fresh Issue-
- Offer for Sale-
- Issue TypeBook Built Issue FPO
- Share holding pre issue-
- Shareholding post issue-
IPO Dates
Closing Date
22 Apr, 2024
Initiation of Refunds
24 Apr, 2024
Listing Date
25 Apr, 2024
18 Apr, 2024
Opening Date
23 Apr, 2024
Basis of Allotment
24 Apr, 2024
Credit of Shares
Vodafone Idea Limited FPO Lot Size
Investors can bid for a minimum of 1298 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1298 | ₹14,278 |
| B-HNI (Min) | 71 | 92158 | ₹10,13,738 |
| Retail (Max) | 14 | 18172 | ₹1,99,892 |
| S-HNI (Min) | 15 | 19470 | ₹2,14,170 |
| S-HNI (Max) | 70 | 90860 | ₹9,99,460 |
Vodafone Idea Limited FPO Promoter Holding
The Promoters of the company are 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.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 48.75% | 36.87% |
Vodafone Idea Limited FPO COMPANY INFORMATION
VI FPO is a book built issue of Rs 18,000.00 crores. The issue is entirely a fresh issue of 1636.36 crore shares. VI FPO bidding opened for subscription on April 18, 2024 and will close on April 22, 2024. The allotment for the VI FPO is expected to be finalized on Tuesday, April 23, 2024. VI FPO will list on BSE, NSE with tentative listing date fixed as Thursday, April 25, 2024. VI FPO price band is set at ₹10 to ₹11 per share. The minimum lot size for an application is 1298 Shares. The minimum amount of investment required by retail investors is ₹14,278. The minimum lot size investment for sNII is 15 lots (19,470 shares), amounting to ₹214,170, and for bNII, it is 71 lots (92,158 shares), amounting to ₹1,013,738. Axis Capital Limited, Jefferies India Private Limited and SBI Capital Markets Limited are the book running lead managers of the VI FPO, while Link Intime India Private Ltd is the registrar for the issue. Refer to VI FPO RHP for detailed information.
Incorporated in March 1995, Vodafone Idea Limited is a telecommunications service provider in India. The company provides voice, data, and value-added services across 2G, 3G, and 4G technologies, such as short messaging and digital services for enterprises and consumers.
As of December 31, 2023, the company had over 223.0 million subscribers and a subscriber market share of 19.3%. Its network carried 401 billion voice minutes and 6,004 billion MB of data.
As of Dec 31, 2023, Vodafone offers mobile and fixed services to 300M+ customers in 17 countries, and has IoT collaborations with networks in 45 other countries.ternet of Things (IoT) platforms in the world.
The company operates under a strong brand with over three decades of experience from Vodafone and Idea. Total income for FY2023 was ₹424,885 million, with ₹321,256 million for the nine months ended December 31, 2023.
As of December 31, 2023, the company operates around 183,400 tower locations in India, providing broadband services to over 438,900 units, covering more than a billion people. The merger has increased their 4G population coverage from 1.18 billion to over 1 billion.
As of Dec 31, 2023, the company had 2,300 branded urban stores in India, covering over 95% of all districts, including its own and franchisee-owned stores.
By December 31, 2023, the company had a total of 12,598 individuals employed in all its operations.
FAQs About Vodafone Idea Limited Fpo
Vodafone Idea Limited FPO will open on 18 Apr, 2024 and close on 22 Apr, 2024. Investors must apply within this period to participate.
The Vodafone Idea Limited FPO price band is set between ₹10.00 and ₹11.00 per share. The minimum lot size is 1298, requiring an investment of at least ₹14278.00.
The Vodafone Idea Limited FPO shares are expected to be listed on 25 Apr, 2024, subject to regulatory approvals and final allotment.
You can track your Vodafone Idea Limited FPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Vodafone Idea Limited FPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.