The telecommunications service provider company Vodafone Idea FPO will be hit the market on April 18, 2024, and closes on April 22, 2024. The Company has filed the RHP of this FPO. According to RHP, the company wants to raise ₹18000 crore through FPO. The company will issue fresh shares 16,363,636,363 crores through this FPO.
The company has reserved 50% for QIB, 15% for NII and 35% for Retail Investor in this IPO.
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. The company third largest telecommunications service provider in India based on subscriber base. According to the GSMA Intelligence Database, the company sixth largest cellular operator globally in terms of a number of subscribers in a single country of operations. You can check Vodafone Idea FPO GMP.
| Read also: Upcoming IPO List 2024 |
The company is part of the Aditya Birla group and the Vodafone group. The Vodafone group is the largest pan-European and African telecommunications company. As of December 31, 2023, the Vodafone group provides mobile and fixed services to over 300 million customers in 17 countries and has collaborations with mobile networks in 45 other countries. The Vodafone group also has one of the world’s largest Internet of Things (“IoT”) platforms. You can check Vodafone Idea FPO subscription status here.
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. You can check Vodafone Idea FPO Allotment Status here.
Object Of the Issue :
- Purchase of equipment for the expansion of our 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.
- Payment of certain deferred payments for spectrum to the DoT and the GST thereon.
- General corporate purposes.
Company Strengths :
- Large subscriber base.
- Extensive telecommunication network.
- An existing network built on 5G-ready architecture.
- Large enterprise customer base with longstanding relationships.
- Extensive distribution and service network.
- Trusted brand with a strong proposition.
- Strong promoter support.
- Experienced management team.
Vodafone Idea FPO Review :
| Details | Valuation |
| PAT : Issue Price : EPS : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹-23,563.80 Cr ₹11 /EQ -4.84 -2.37x N/A % N/A % N/A % 3.74 ₹-20.12 ₹190,801.00 Cr ₹73131.80 Cr 48.75 % 36.87 % |
| Team Review : | ✔ Apply For Long Term |
Show Review…….
- ■ The company engaged in the business telecommunications service provides voice, data, and value-added services across 2G, 3G, and 4G technologies.
- ■ The company third largest telecommunications service provider in India based on subscriber base.
- ■ The company PE ratio is Negative & company is under heavy Debt.
- ■ The price band is attractive but the company has not gained a profit last few years.
- ■ The company will reduce the debt from this issue and grow the company. The company has the largest network and 3rd largest subscriber base. I think will be a risk in the short term but no issue in the long term.
Vodafone Idea FPO Date & Price Band & Details :
| IPO Open : | April 18, 2024 |
| IPO Close : | April 22, 2024 |
| Issue Type : | Book Built Issue |
| Face Value : | ₹10 Equity Share |
| Price Band : | ₹10 – ₹11 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹18000.00 Cr {16,363,636,363 Shares} |
| Fresh Issue : | ₹18000.00 Cr {16,363,636,363 Shares} |
Vodafone Idea FPO Market Lot :
Vodafone Idea FPO Minimum Market lot is 1 Lot with 1298 shares with ₹14,278 Application amount. Retail investors can apply for up to 14 lots with 18172 Shares or ₹18172 amounts.
| Application | Lot | Shares | Amount Cr |
| Retail Minimum : | 1 | 1298 | ₹14,278 |
| Retail Maximum : | 14 | 18172 | ₹199,892 |
| S-HNI Minimum : | 15 | 19470 | ₹214,170 |
| S-HNI Maximum : | 70 | 90860 | ₹999,460 |
| B- HNI Minimum : | 71 | 92158 | ₹1,013,738 |
Vodafone Idea FPO Reservation :
Vodafone Idea FPO’s total Reservation of shares 16,363,636,363 is to be bid for the public issue by Vodafone Idea FPO with QIB and for NII for Retail Investor & Shares EMP.
| Category | Reservation | Shares | Amount Cr |
| QIB : | 50% | 8,181,818,181 | ₹9000 |
| NII : | 15% | 2,454,545,454 | ₹2700 |
| RII : | 35% | 5,727,272,727 | ₹6300 |
| Total : | 100% | 16,363,636,363 | ₹18000 |
Vodafone Idea FPO EPS & RoNW :
The SRM Contractors company’s EPS & RoNW growth Increased last financial year, which is shown to you in the table here.
| Year | EPS (Rs.) | RoNW % | NAV |
| 2023 Dec | ₹-4.84 | N/A | ₹-20.12 |
| 2023 | ₹-8.43 | N/A | ₹-21.40 |
| 2022 | ₹-9.83 | N/A | ₹-21.56 |
| 2021 | ₹-15.40 | N/A | ₹-13.30 |
Vodafone Idea FPO Peer Comparison PE :
The SRM Contractors, According to the RHP of the company are listed whose PE Multiple is shown in this table.
| Company | PE Ratio |
| Bharti Airtel Limited | 84.37 |
| Bharti Hexacom | 51.91 |
| Reliance Jio Infocomm | N/A |
Vodafone Idea FPO Dates :
Vodafone Idea FPO Date is April 18, 2024, and closes on April 22, 2024. The allotment will be finalized on April 23, 2024, and the IPO may list on April 25, 2024.
| Open Date : | April 18, 2024 |
| Close Date : | April 22, 2024 |
| Allotment Date : | April 23, 2024 |
| Refund Date : | April 24, 2024 |
| Share Credit Date : | April 24, 2024 |
| Listing Date : | April 25, 2024 |
Vodafone Idea FPO Form :
There are two ways to apply in Vodafone Idea FPO. You can apply for Vodafone Idea FPO through ASBA available in your bank account. You have to go to your online bank login select Vodafone Idea FPO in the Invest section and apply through your bank account. Another option is you apply for Vodafone Idea FPO through an IPO form downloaded through NSE and BSE. Visit the IPO Form Page and download the NSE Form and BSE Form IPO Form, fill it out, and submit it to your bank or your broker.
SRM Contractors Company Financial Report (Crore) :
| Year | Revenue | Expense | PAT |
| 2023 Dec | ₹32,125.60 | ₹19,254.70 | ₹-23,563.80 |
| 2023 | ₹42,488.50 | ₹25,360.20 | ₹-29,301.10 |
| 2022 | ₹38,644.90 | ₹22,479.40 | ₹-28,245.40 |
| 2021 | ₹42,126.40 | ₹25,006.50 | ₹-44,233.10 |
Company Promoters :
■ Ravinder Takkar
Quick Link :
■ RHP Draft Prospectus
■ Anchor Investor
Vodafone Idea FPO Lead Managers :
■ Axis Capital Limited
■ Jefferies India Private Limited
■ SBI Capital Markets Limited
Vodafone Idea FPO Registrar :
Link Intime India Private Limited
C 101, 1st Floor, 247 Park
L.B.S Marg, Vikhroli (West)
Mumbai 400 083
Maharashtra, India
Tel: +91 810 811 4949
E-mail: [email protected]
Website: www.linkintime.co.in
Note: Check Vodafone Idea FPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Vodafone Idea Limited
Suman Tower, Plot No. 18
Sector 11,
Gandhinagar-382011
Phone: +91 98246 34997
Email: [email protected]
Website: http://www.myvi.in/
Vodafone Idea FPO FAQs :
What is Vodafone Idea FPO?
Vodafone Idea FPO is a Mainboard FPO. They are going to raise ₹18000.00 Crores via FPO. The issue is priced at ₹10-₹11 per equity share.
When Vodafone Idea FPO will open?
The IPO is to open on April 18, to April 22, 2024, for QIB, NII & RII.
What is Vodafone Idea FPO Size?
Vodafone Idea FPO size is ₹18000.00 Crores.
What is the Fresh issue size of Vodafone Idea FPO?
The Fresh issue size of Vodafone Idea FPO ₹18000.00 Cr.
What is Vodafone Idea FPO Price Band?
Vodafone Idea FPO Price Band is ₹10-₹11 Per share.
What is Vodafone Idea FPO Minimum and Maximum Lot Size?
The minimum of 1298 Shares with ₹14278 amount while the maximum of 18172 shares with ₹199,892.
What is Vodafone Idea FPO Investors Portion?
The investors’ portion for QIB is 50%, NII 15%, and RII 35%.
What is the Vodafone Idea FPO Allotment Date?
Vodafone Idea FPO allotment date is April 23, 2024
What is Vodafone Idea FPO Listing Date?
The Vodafone Idea FPO listing date will be April 25, 2024. The IPO to list on NSE, BSE.
How to Apply the Vodafone Idea FPO through Zerodha?
Log in to the Console on the Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Vodafone Idea FPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Vodafone Idea FPO through Upstox?
Log in to the Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Vodafone Idea FPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Vodafone Idea FPO through Groww?
Log in to the Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Vodafone Idea FPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Vodafone Idea FPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “Vodafone Idea FPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| Vodafone Idea FPO GMP: Click Here Vodafone Idea FPO Subscription: Click Here Vodafone Idea FPO Allotment: Click Here Vodafone Idea FPO Listing: Click Here Vodafone Idea FPO Web Story: Click Here |
All Vodafone Idea FPO-related links are available here. If you want to know the details then click on the Click Here Link.
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