Vodafone Idea(FPO) IPO

Vodafone Idea Ltd

₹12,980 /1298 sharesMinimum Investment

Vodafone Idea(FPO) IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE₹11.00₹12.45₹1.45 (13.18%)

Vodafone Idea(FPO) IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
18 Apr ‘24 - 22 Apr ‘24₹12,9801,298₹10 - ₹11
Issue SizeIPO Doc
18000.00Cr
RHP PDF

Subscription rate

As of 22 Apr'24, 05:00 PM
Qualified Institutional Buyers14.98x
Non-Institutional Investor3.94x
Retail Individual Investor0.78x
Total5.51x

About the company

Vodafone Idea Limited is the third largest telecommunications service provider in India based on subscriber base, as per TRAI Subscription Report. The company operates a pan India network, offering voice, data, enterprise, and value-added services (VAS) like short messaging and digital services across 2G, 3G, and 4G technologies. Additionally, it provides connectivity services to enterprise customers and holds active licenses for national long distance (NLD), international long distance (ILD), internet service provider (ISP), and infrastructure provider (IP-1) services. The company's promoters are the Aditya Birla group and the Vodafone group. As of December 31, 2023, the company had an aggregate of 8,005.2 MHz of spectrum holdings across different frequency bands, 183,400 unique tower locations, over 438,900 broadband (3G and 4G) sites, and population coverage exceeded 1.2 billion individuals. The company's mobile network coverage spans over 487,000 towns and villages throughout India. It provides broadband services to over 342,200 towns and villages.;
Founded in
1995
Managing director
Mr. Ravinder Takkar
Parent organisation
Vodafone Idea Ltd

Strength and risks

Strengths
Risks
The company had over 223.0 million subscribers and a subscriber market share of 19.3% as of December 31, 2023, as per the TRAI Subscription Report.
The company has a spectrum portfolio comprising 8,005.2 MHz across various frequency bands, with 7,975.2 MHz spectrum being liberalized and deployable for any technology (2G, 3G, 4G, or 5G). This includes mid-band 5G spectrum (3300 MHz band) in 17 priority service areas and mmWave 5G spectrum (26 GHz band) in 16 service areas.
As of December 31, 2023, the company maintains a distribution and service network encompassing over 10,000 distributors catering to approximately 787,000 retailers across India.
The company's promoters, Aditya Birla Group and Vodafone Group, have provided financial backing to the company. In 2019, the company received Rs. 179.2 billion from its Promoter Group through a rights issue. Subsequently, between March 2022 and July 2022, the Promoter Group invested Rs. 49.35 billion in the company.
The company reported revenue from operations of Rs. 41,952 cr, Rs. 38,515 cr and Rs. 42.177 cr in FY 2021, 2022 and 2023 respectively.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular10 - 11₹2 Lakh
High Networth Individual10 - 11₹2 - 5 Lakh
For Vodafone Idea(FPO) IPO, eligible investors can apply as Regular.
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