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.
Vodafone Idea FPO – Details
| FPO Opening Date | 18 April 2024 |
| FPO Closing Date | 22 April 2024 |
| Issue Type | Book Built Issue FPO |
| Issue Size | 16,363,636,363 Shares Worth ₹18,000 Crore Fresh Issue: 16,363,636,363 Shares Worth ₹18,000 Crore |
| Face Value | ₹10 per equity share |
| FPO Price | ₹10 – ₹11 |
| Market Lot | 1298 Shares |
| Min Order | 1298 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Vodafone Idea FPO – Date Schedule
| FPO Open Date | 18 April 2024 |
| FPO Close Date | 22 April 2024 |
| Basis of Allotment Date | 23 April 2024 |
| Initiation of Refund | 24 April 2024 |
| Credit of Shares to Demat Account | 24 April 2024 |
| FPO Listing Date | 25 April 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 22, 2024 |
Vodafone Idea FPO – Lots Size & Price
| 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 |
Competitive Strengths
- Large subscriber base;
- Extensive telecommunication network;
- Existing network built on 5G-ready architecture;
- Large enterprise customer base with longstanding relationships;
- Extensive distribution and service network;
- Trusted brand with strong proposition;
- Strong promoter support; and
- Experienced management team.
Company Promoters
- 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.
Company Financials (Restated Consolidated)
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 42,126.40 | 25,006.50 | -44,233.10 | 1,80,310.30 |
| 31 March 2022 | 38,644.90 | 22,479.40 | -28,245.40 | 1,90,917.70 |
| 31 March 2023 | 42,488.50 | 25,360.20 | -29,301.10 | 2,01,586.00 |
| 31 December 2023 | 32,125.60 | 19,254.70 | -23,563.80 | 2,03,425.70 |
Key Performance Indicator
| KPI | Values |
|---|---|
| Debt/Equity | – |
| RoNW | – |
| P/BV | – |
| Market Capitalization | Rs 73131.8 Cr |
| Pre FPO | Post FPO | |
| EPS (Rs) | -5.85 | -4.73 |
| P/E (x) | -1.88 | -2.33 |
Object Of The Issue
- Purchase of equipment for the expansion of the network infrastructure by:
- Setting up new 4G sites;
- Expanding the capacity of existing 4G Sites and new 4G sites; and
- Setting up new 5G sites;
- Payment of certain deferred payments for spectrum to the DoT and the GST thereon; and
- General corporate purposes.
Vodafone Idea FPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 5 | Bharti Airtel Limited | 84.37 |
| 2 | 5 | Bharti Hexacom Limited | 51.91 |
Vodafone Idea FPO Promoter Holding
| Pre Issue Share Holding | 48.75% |
| Post Issue Share Holding | 36.87% |
Vodafone Idea FPO Prospectus
- Vodafone Idea FPO DRHP
- Vodafone Idea FPO RHP
Company Contact Information
| Vodafone Idea Limited Suman Tower, Plot No. 18 Sector 11, Gandhinagar-382011 Phone: +91 98246 34997 Email: shs@vodafoneidea.com Website: http://www.myvi.in/ |
Vodafone Idea FPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: vil.fpo@linkintime.co.in Website: https://linkintime.co.in/initial_offer/public-issues.html |
Vodafone Idea FPO Lead Manager(s)
| 1. SBI Capital Markets Limited 2. Axis Capital Limited 3. Jefferies India Private Limited |
Vodafone Idea FPO FAQs
| What is Vodafone Idea FPO? Vodafone Idea FPO is a main-board FPO. The issue is priced at ₹10 to ₹11 per equity share. The FPO is to be listed on BSE & NSE. |
| When Vodafone Idea FPO will open? The FPO is to open on 18 April 2024 for QIB, NII, and Retail Investors. |
| What is Vodafone Idea FPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Vodafone Idea FPO? You can apply Vodafone Idea FPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Vodafone Idea FPO through Angle One? Log in to Angle One Application with your credentials. Select the FPO. You will see the FPO Name “Vodafone Idea”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Vodafone Idea FPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the FPO. You will see the FPO Name “Vodafone Idea“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Vodafone Idea FPO through Upstox? Log in to Upstox Application with your credentials. Select the FPO. You will see the FPO Name “Vodafone Idea”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Vodafone Idea FPO through IIFL? Log in to IIFL Application with your credentials. Select the FPO. You will see the FPO Name “Vodafone Idea”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Vodafone Idea FPO Size? Vodafone Idea FPO size is ₹18,000 Crore. |
| What is Vodafone Idea FPO Price Band? Vodafone Idea FPO Price Band is ₹10 to ₹11. |
| What is Vodafone Idea FPO Minimum and Maximum Lot Size? The minimum bid is 1298 Shares with ₹14,278 amount while the maximum bid is 18,172 Shares with ₹1,99,892. |
| What is the Vodafone Idea FPO Allotment Date? Vodafone Idea FPO allotment date is 23 April 2024. |
| What is the Vodafone Idea FPO Listing Date? Vodafone Idea FPO listing date is 25 April 2024. The FPO is to list on BSE and NSE. |
