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 Status As on 22 Apr '24, 5:00 PM

  • Qualified Institutional Buyers
    14.98x
  • Non-Institutional Investor
    3.94x
  • Retail Individual Investor
    0.78x
  • Total
    5.51x

About Vodafone Idea(FPO)

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.;
Parent Organisation
Vodafone Idea Ltd
Founded
1995
Managing Director
Mr. Ravinder Takkar

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.
  • The company's statutory auditors reviewed its financial condition up to December 31, 2023, and highlighted its cash flow constraints for settling debts due. They noted material uncertainty regarding the company's ability to continue as a going concern in reports spanning the nine months ended December 31, 2023, and December 31, 2022, as well as in audit reports for the Financial Years 2023, 2022, and 2021.
  • The company’s total indebtedness as of February 2024 amounts to Rs. 2,01,829 cr.
  • The company faces intense competition from established players like Bharti Airtel, Reliance Jio, BSNL and MTNL.
  • The company is involved in outstanding legal proceedings, along with certain Subsidiaries, Promoters, Directors, and Group Companies. Adverse outcomes in any of these proceedings may have detrimental effects on the company's reputation, business operations, financial condition, and results.
  • The company has experienced losses in recent periods and may not attain or maintain profitability in the future. Losses after tax for the nine months ended December 31, 2023, and December 31, 2022, and the Financial Years 2023, 2022, and 2021 were Rs. (23,563.8) cr, Rs. (23,187) cr, Rs. (29,301.1) cr, Rs. (28,245.4) cr, and Rs. (44,233.1) cr, respectively.
  • The Supreme Court of India issued a judgment granting 10 years to the company and other Telecom Service Providers for paying AGR (Adjusted gross revenue) dues in yearly instalments. Failure to make timely payments as directed by the Supreme Court could negatively impact the company's business, results of operations, and competitiveness.

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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