Idea Cellular Limited, an Aditya Birla Group company is a leading mobile operator in India and currently operates in 11 Circles.
Following the growth opportunities in the Indian telecommunications market, Idea Cellular is among fastest growing mobile operator.
Idea Cellular provide mobile services in 11 Circles in India, namely the metropolitan Circle of Delhi, the category A Circles of Andhra Pradesh, Gujarat and Maharashtra, the category B Circles of Haryana, Kerala, Madhya Pradesh, Rajasthan, Uttar Pradesh (East) and Uttar Pradesh (West) and the category C Circle of Himachal Pradesh.
More facts:
1. For the financial years 2005 and 2006, Idea's gross revenues were approximately Rs. 22.68 billion and Rs. 29.73 billion, respectively.
2. Idea Recently got license for the Mumbai and Bihar Circles.
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges and to raise capital to
1. Building, strengthening and expanding our network and related services in the New Circles;
2. Entry Fee and capital expenditure for NLD operations;
3. Roll-out of services in Mumbai Circle;
4. Redemption of preference shares.
| IPO Date | Feb 12, 2007 - Feb 15, 2007 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 283,333,333 Eq Shares of ₹10 (aggregating up to ₹2,125.00 Cr) |
| Face Value | ₹10 Per Equity Share |
| IPO Price | ₹65 to ₹75 Per Equity Share |
| Market Lot | 90 Shares |
| Min Order Quantity | 90 Shares |
| Listing At | BSE, NSE |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 90 | ₹6,750 |
| Maximum | 29 | 2610 | ₹195,750 |
No. of Times Issue Subscribed (BSE + NSE) | ||||||
|---|---|---|---|---|---|---|
As on Date & Time | QIB | NII | RII | Employee | Others | Total |
Shares Offered | - | - | - | - | - | - |
Feb 15, 2007 17:00 | 78.68x | 22.82x | 3.87x | 2.25x | 49.51x | |
| Listing Date | Friday, March 9, 2007 |
| BSE Script Code | 532822 |
| NSE Symbol | IDEA |
| Listing In | A |
| ISIN | INE669E01016 |
| IPO Price | ₹75 Per Equity Share |
| Face Value | ₹10 Per Equity Share |
|
|
|
Idea Cellular Limited
Idea Cellular Limited,
Suman Tower, Plot No. 18, Sector-11,
Gandhinagar – 382011 India.
Phone: +91 79 6671 4000
Email: shs@ideacellular.com
Website: http://www.ideacellular.com/
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai - 400 059
Phone: +91-22-6263 8200
Email: ideaipo@bigshareonline.com
Website: http://www.bigshareonline.com
Idea Cellular IPO is a main-board IPO of 283,333,333 equity shares of the face value of ₹10 aggregating up to ₹2,125.00 Crores.
The issue price of the IPO is ₹65 to ₹75 Per Equity Share. The minimum order quantity is 90 Shares per application and the offer type is Book Built Issue.
The IPO opens on Feb 12, 2007 and closes on Feb 15, 2007.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Idea Cellular IPO opens on Feb 12, 2007 and closes on Feb 15, 2007.
Idea Cellular IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
The finalization of Basis of Allotment for Idea Cellular IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Idea Cellular IPO allotment status.
Idea Cellular IPO lot size is 90 Shares and the minimum order quantity is 90 Shares.
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Aditya Birla group company Idea Cellular has posted 133.23 per cent rise in net profit at Rs 132.01 crore in the fourth quarter ended March 31, 2007, compared with Rs 56.60 crore recorded during the same period of the previous financial year.
The company’s total revenues rose to Rs 855.54 crore during the reporting quarter from Rs 584.86 crore recorded during the same period a year ago.
The cellular major’s total revenue increased to Rs 1341.06 crore during the quarter from Rs 865.87 crore recorded during the comparable period a year ago.
The company’s subscriber base for the year stood at 14.01 million, augmented by 90.2 per cent increase over the previous year. This reflects an improvement in the national market share from 7.65 per cent to 8.63 per cent.
The company has launched services in eastern Uttar Pradesh, Rajasthan and Himachal Pradesh during the third quarter. Idea Cellular has licences to operate in 13 telecom circles in India.