Vodafone Idea Limited FPO

Price
₹10 - ₹11
Lot
1298
Subs.
6.99
Expected Listing Earning

Exp. Premium(GMP):
1.20(10.91%)
IPO Details

Open Date: 18-Apr-2024
Close Date: 22-Apr-2024
Allotment Date: 23-Apr-2024
Listing Date: 25-Apr-2024
Listing Price: N/A
Face Value: ₹10 Per Equity Share
Issue Price: ₹10-11 Per Equity Share
Issue Size: Total Issue Size 16,363,636,363 shares (aggregating up to ₹18,000.00 Cr) : Fresh Issue 16,363,636,363 shares (aggregating up to ₹18,000.00 Cr)
Market Lot (Min Amount): Retail - ₹14,278 : S-HNI - ₹214,170 : B-HNI - ₹1,013,738
Subscription Details Updated at End of the Day

As on

QIB

Nll

Rll

Total

Shares Offered/Reserved3,272,727,2732,454,545,4545,727,272,72711,454,545,454
Day 1 - 18-04-24 
05:00 PM
0.67x0.31x0.07x0.29x
Day 2 - 19-04-24 
05:00 PM
1.03x0.83x0.14x0.54x
Day 3 - 22-04-24 
05:00 PM
19.31x4.54x1.01x6.99x
Total No. of Application:1,160,462 (Approx.)
Retail Subscription on the basis of Apps:0.26x
Valuations

Earning Per Share(EPS)₹-5.85/-
P/E Ratio-1.88
RoNWN/A%
Net Asset Value (NAV) - Post Issue:₹-15.28/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Dec,2023190,801.8032,125.60-23,563.80
31 Mar,2023207,242.7042,488.50-29,301.10
31 Mar,2022194,029.1038,644.90-28,245.40
31 Mar,2021203,480.6042,126.40-44,233.10
Promoter(s)

Pre Issue Share Holding48.75%
Post Issue Share Holding36.87%
Company Promoter(s)
1. Kumar Mangalam Birla
2. Hindalco Industries Limited
3. Grasim Industries Limited
4. Birla TMT Holdings Private Limited,
5. Vodafone International Holdings B.V.,
6. Al-Amin Investments Limited,
7. Asian Telecommunication Investments (Mauritius) Limited,
8. CCII (Mauritius), Inc., 
9. Euro Pacific Securities Ltd,
10. Vodafone Telecommunications (India) Limited, 
11. Mobilvest, Prime Metals Ltd, Trans Crystal Ltd, 
12. Omega Telecom Holdings Private Limited
13. Usha Martin Telematics Limited.
Issue Objective(s)

The company proposes to utilise the Net Proceeds towards funding of the following objects:

  1. Purchase of equipment for the expansion of the network infrastructure by: (a) setting up new 4G sites; (b) expanding the capacity of existing 4G Sites and new 4G sites; and (c) setting up new 5G sites;
  2. Payment of certain deferred payments for spectrum to the DoT and the GST thereon; and
  3. General corporate purposes.
About Company

Incorporated in March 1995, 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.

Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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