12-Apr-2024
2 mins read
Vodafone Idea FPO is open for subscription starting Thursday, April 18, 2024, and closing on Monday, April 22, 2024. The price band of this upcoming FPO is decided at Rs 10 to Rs 11 per share. The minimum lot size of this application for the retail category is 1298 shares. For small NII and Big NII, the lot size is 15 lots and 71 lots respectively. The minimum amount of investment required for retail category investors is Rs 14,278 (120 x 1200 shares). However, for the small NII category, the minimum investment amount required is Rs 2,14,170 (11 x 19,470 shares). For Big NII the investment amount is 10,13,738 (11 x 92,158 shares). Vodafone Idea FPO is a book-built issue of Rs 18,000 crores. This upcoming FPO issue is completely a fresh issue of 1636.36 lakh equity shares. The offer for sale component is not available in this issue. The allotment for this new FPO is expected to be finalised on Tuesday, April 23, 2024. Vodafone Idea FPO will be listed on NSE as well as on BSE, and the listing date is fixed on Thursday, April 25, 2024. The book-running lead manager of Vodafone Idea FPO is Axis Capital Limited, Jefferies India Private Limited, SBI Capital Markets Limited. The registrar for this FPO is Link Intime India Private Limited.
About Vodafone Idea Limited
Vodafone Idea Limited incorporated in 1995, is engaged in the business of providing telecommunication services. The company provides voice, data, and value added services across 2G,3G and 4G networks. I also provide short messaging and digital services for enterprise and consumers. As of December 31, 2023, the company had over 223 subscribers and subscriber market share of 19.3%. The company has offers mobile and fixed services to 300+ million customers in 17 countries and has an IOT collaboration with networks in 45 other countries. The firm operates around Rs 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 and the total user base of the company. Vodafone Idea has a strong brand name in India and has 2300 branded stores in India covering 95% of all districts including its owned and franchise owned stores. The company had team members of 12,598 dedicated employees.
Objectives of Vodafone Idea FPO
The fund will be utilised for the purchase of equipment for the expansion of the network infrastructure. The expansion will be done by setting up new 4G sites, expanding the capacity of existing 4G sites, and setting up new 5G sites. Other than this FPO money will be used for certain deferred payments for spectrum to the DOT, GST etc.
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Financials of Vodafone Idea Limited (Amt in Rs Crore)
Vodafone Idea reported a revenue of Rs 32,125.60 crore and net loss of Rs -23,563.80 crore for the period ending on 31 December 2023. Whereas, the company reported a revenue of 207,242.70 crore and net loss of Rs 29,301.10 crore. Losses are huge but the company is trying to decrease the losses in every passing quarter.
| Period Ended | 31-Dec-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 190,801.80 | 207,242.70 | 194,029.10 | 203,480.60 |
| Revenue | 32,125.60 | 42,488.50 | 38,644.90 | 42,126.40 |
| Profit After Tax | -23,563.80 | -29,301.10 | -28,245.40 | -44,233.10 |
| Net Worth | -97,931.90 | -74,359.10 | -61,964.80 | -38,228.00 |
| Reserves and Surplus | -146,611.60 | -123,038.80 | -94,083.60 | - |
| Total Borrowing | 203,425.70 | 201,586.00 | 190,917.70 | 180,310.30 |
Other Important Details of Vodafone Idea Limited FPO
| FPO Date | April 18, 2024 to April 22, 2024 |
| Listing Date | 25-Apr-24 |
| Face Value | Rs 10 per share |
| Price Band | Rs 10 to Rs 11 per share |
| Lot Size | 1298 Shares |
| Total Issue Size | 16,363,636,363 shares amounting to Rs 18,000 crore |
| Fresh Issue | 16,363,636,363 shares amounting to Rs 18,000 crore. |
| Issue Type | Book Built Issue FPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 50,119,820,375 |
| Shareholding post issue | 66,483,456,738 |
Time-Table of Vodafone Idea Limited FPO
| 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 | 5 PM on April 22, 2024 |
Lot Size of Vodafone Idea Limited FPO
| Application | Lots | Shares | Amount |
| Retail - minimum | 1 | 1298 | Rs 14,278 |
| Retail - maximum | 14 | 18172 | Rs 199,892 |
| S-HNI - minimum | 15 | 19,470 | Rs 214,170 |
| S-HNI - maximum | 70 | 90,860 | Rs 999,460 |
| B-HNI - minimum | 71 | 92,158 | Rs 1,013,738 |
FPO Reservation of Vodafone Idea Limited
| Investor Category | Shares Offered |
| QIB Shares | Not more than 75 percent of the Issue |
| Retail Shares | Not less than 10 percent of the Issue |
| NII (HNI) Shares | Not less than 15 percent of the Issue |
EPS and P/E Ratio Post FPO
| Pre FPO | Post FPO | |
| EPS (Rs) | -5.85 | -4.73 |
| P/E | -1.88 | -2.33 |
Lead Manager(s) of Vodafone Idea Limited FPO
The book-running lead manager of Vodafone Idea FPO is Axis Capital Limited, Jefferies India Private Limited, SBI Capital Markets Limited.
How do you apply for the Vodafone Idea Limited FPO?
Wait for the public issue to open for subscription, then visit Bigul website to apply for the Vodafone Idea Limited FPO with Bigul.
How do you check the allotment status of Vodafone Idea Limited FPO?
The registrar for Vodafone Idea Limited FPO is Link Intime India Limited. To check your allotment status, please click here.
FAQs
1. What is Vodafone Idea Limited FPO 2024?
Vodafone Idea FPO is a book-built issue of Rs 18,000 crores. This upcoming FPO issue is completely a fresh issue of 1636.36 lakh equity shares. The offer for sale component is not available in this issue. The price band of this upcoming FPO is decided at Rs 10 to Rs 11 per share. The minimum lot size of this application for the retail category is 1298 shares.
2. Who are the lead managers for the Vodafone Idea Limited FPO?
The book-running lead manager of Vodafone Idea FPO is Axis Capital Limited, Jefferies India Private Limited, SBI Capital Markets Limited.
3. What is the role of Bigshare Services Private in this FPO?
Link Intime India Private Limited is the registrar for Vodafone Idea Limited, handling the FPO's administrative aspects.
4. How can I apply for the Vodafone Idea Limited FPO?
The public subscription of this FPO will open on April 18, 2024. Visit our website or click here to begin the application process.
5. How will the net proceeds from the FPO be utilised?
The fund will be utilised for the purchase of equipment for the expansion of the network infrastructure. The expansion will be done by setting up new 4G sites, expanding the capacity of existing 4G sites, and setting up new 5G sites. Other than this FPO money will be used for certain deferred payments for spectrum to the DOT, GST etc.
6. How can I check the allotment status of the FPO?
Investors can check the allotment status of the Vodafone Idea Limited FPO 2024 by visiting here. Also follow Bigul - your investment partner for further updates.
7. What is the financial performance of Vodafone Idea Limited?
Vodafone Idea reported a revenue of Rs 32,125.60 crore and net loss of Rs -23,563.80 crore for the period ending on 31 December 2023. Whereas, the company reported a revenue of 207,242.70 crore and net loss of Rs 29,301.10 crore. Losses are huge but the company is trying to decrease the losses in every passing quarter.
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