Vodafone Idea Limited

18 Apr 2024 - 22 Apr 2024 Individual Category NSE

Min Investment

₹14278

Price Band

₹10-₹11

Issue Size

126000 lakhs
Equity Shares

Lot Size

1298 (per lot)

IPO Dates
img

18 Apr 2024

Open Date

img

22 Apr 2024

Close Date

img

23 Apr 2024

Allotment Date

img

25 Apr 2024

Listing Date

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. 

Know Before Investing

Strengths icon

Weaknesses icon

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. 

Founded

1995

Managing Director

Parent Organization

IPO Objectives

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. 

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
img

How to Apply for IPO

img img

Login

Login to your Bigul Account

Select Lots & Price

Choose the number of lots and price

UPI ID

Enter your UPI ID

UPI Mandate Request

A UPI Mandate Request Triggered

Approve Mandate

Approve the UPI Mandate Request

IPO Allotment

YES Share will be credited. and the amount will be debited

Close

Let's Open Free Demat Account