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Vodafone Idea Limited FPO (VI FPO) Detail

April 18, 2024 - April 22, 2024

VI FPO is a book built issue of Rs 18,000.00 crores. The issue is entirely a fresh issue of 1636.36 crore shares.

VI FPO bidding started from April 18, 2024 and ended on April 22, 2024. The allotment for VI FPO was finalized on Tuesday, April 23, 2024. The shares got listed on BSE, NSE on April 25, 2024.

VI FPO price band is set at ₹10 to ₹11 per share. The minimum lot size for an application is 1298 Shares. The minimum amount of investment required by retail investors is ₹14,278. The minimum lot size investment for sNII is 15 lots (19,470 shares), amounting to ₹214,170, and for bNII, it is 71 lots (92,158 shares), amounting to ₹1,013,738.

Axis Capital Limited, Jefferies India Private Limited and SBI Capital Markets Limited are the book running lead managers of the VI FPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to VI FPO RHP for detailed information.

VI FPO Details

IPO Date April 18, 2024 to April 22, 2024
Listing Date April 25, 2024
Face Value ₹10 per share
Price Band ₹10 to ₹11 per share
Lot Size 1298 Shares
Total Issue Size16,363,636,363 shares
(aggregating up to ₹18,000.00 Cr)
Fresh Issue16,363,636,363 shares
(aggregating up to ₹18,000.00 Cr)
Issue Type Book Built Issue FPO
Listing At BSE, NSE
Share holding pre issue50,119,820,375
Share holding post issue66,483,456,738

VI FPO Reservation

VI FPO offers 16,363,636,362 shares. 3,272,727,273 (20.00%) to QIB, 2,454,545,454 (15.00%) to NII, 5,727,272,727 (35.00%) to RII and 4,909,090,908 (30.00%) to Anchor investors. 4,412,382 RIIs will receive minimum 1298 shares and 42,022 (sNII) and 84,045 (bNII) will receive minimum 19,470 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered4,909,090,908 (30.00%)NA
QIB Shares Offered3,272,727,273 (20.00%)NA
NII (HNI) Shares Offered2,454,545,454 (15.00%)
  bNII > ₹10L1,636,363,636 (10.00%)84,045
  sNII < ₹10L818,181,818 (5.00%)42,022
Retail Shares Offered5,727,272,727 (35.00%)4,412,382
Total Shares Offered16,363,636,362 (100%)

VI FPO Anchor Investors Details

VI FPO raises Rs 5,400.00 crore from anchor investors. VI FPO Anchor bid date is April 16, 2024. VI FPO Anchor Investors list

Bid Date April 16, 2024
Shares Offered 4,909,090,908
Anchor Portion Size (In Cr.) 5,400.00
Anchor lock-in period end date for 50% shares (30 Days) May 23, 2024
Anchor lock-in period end date for remaining shares (90 Days) July 22, 2024

VI FPO Timeline (Tentative Schedule)

VI FPO opens on April 18, 2024, and closes on April 22, 2024.

IPO Open Date Thursday, April 18, 2024
IPO Close Date Monday, April 22, 2024
Basis of Allotment Tuesday, April 23, 2024
Initiation of Refunds Wednesday, April 24, 2024
Credit of Shares to Demat Wednesday, April 24, 2024
Listing Date Thursday, April 25, 2024
Cut-off time for UPI mandate confirmation 5 PM on April 22, 2024

VI FPO Lot Size

Investors can bid for a minimum of 1298 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1298 ₹14,278
Retail (Max) 14 18172 ₹199,892
S-HNI (Min) 15 19,470 ₹214,170
S-HNI (Max) 70 90,860 ₹999,460
B-HNI (Min) 71 92,158 ₹1,013,738
Lot Size Calculator

VI FPO Promoter Holding

The Promoters of the company are 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.

Share Holding Pre Issue 48.75%
Share Holding Post Issue 36.87%

About Vodafone Idea Limited

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.

Vodafone Idea Limited Financial Information (Restated Consolidated)

Vodafone Idea Limited's revenue increased by 9.95% and profit after tax (PAT) dropped by -3.74% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets190,801.80207,242.70194,029.10203,480.60
Revenue32,125.6042,488.5038,644.9042,126.40
Profit After Tax-23,563.80-29,301.10-28,245.40-44,233.10
Net Worth-97,931.90-74,359.10-61,964.80-38,228.00
Reserves and Surplus-146,611.60-123,038.80-94,083.60
Total Borrowing203,425.70201,586.00190,917.70180,310.30
Amount in ₹ Crore

Key Performance Indicator

The market capitalization of VI FPO is Rs 73131.8 Cr.

KPI as of December 31, 2023.

Pre IPO Post IPO
EPS (Rs) -5.85-4.73
P/E (x) -1.88-2.33
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of December 31, 2023 that is available in RHP.

Objects of the Issue (VI FPO Objectives)

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.

VI FPO Review (May apply)

[Dilip Davda]  VIL is the third largest player in telecommunication services and marked inconsistency in its performance so far against two mega players i.e. Jio and Bharti. It is struggling to come out of the wood and gain ground with more set of user friendly offers. However, based on its financial performance so far with negative net earnings and the second mega issue offer in the last five years are the point of concern. Looking at the interest of big investors, fund houses, and the helping hand from the Government of India may bring this ailing player on track in coming years. Thus, this is a pure long term bet at the offered price. Well as it happened post its RI of April 1995, the scrip marked lower levels then the offer price, and the same may happen now also. Considering this, well-informed/cash surplus investors may park moderate funds for long term and may add on post listing at lower levels to average out the investment with a long term investment strategy. Read detail review...


VI FPO Subscription Status (Bidding Detail)

The VI FPO is subscribed 6.99 times on April 22, 2024 7:02:05 PM. The public issue subscribed 1.01 times in the retail category, 19.31 times in the QIB category, and 4.54 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB19.31
NII4.54
    bNII (bids above ₹10L)6.04
    sNII (bids below ₹10L)1.55
Retail1.01
Total6.99

Total Application : 1,160,462 (0.26 times)

VI FPO Prospectus

VI FPO Rating

27
3.5
Rating:Rated 3.5 stars
Vote Here ...

VI FPO Listing Details

Listing Date April 25, 2024
BSE Script Code 532822
NSE Symbol IDEA
ISIN INE669E01016
Final Issue Price ₹11 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹11.00
₹13.73
₹13.02
₹13.93
₹13.09
NSE
₹11.00
₹11.80
₹11.80
₹14.40
₹13.90

Check IPO Performance…

Vodafone Idea Limited Contact Details

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/

VI 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

VI FPO FAQs

VI FPO is a main-board FPO of 16,363,636,363 equity shares of the face value of ₹10 aggregating up to ₹18,000.00 Crores. The issue is priced at ₹10 to ₹11 per share. The minimum order quantity is 1298 Shares.

The FPO opens on April 18, 2024, and closes on April 22, 2024.

Link Intime India Private Ltd is the registrar for the FPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in VI FPO using UPI as a payment gateway. Zerodha customers can apply in VI FPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in VI FPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'VI FPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The VI FPO opens on April 18, 2024 and closes on April 22, 2024.

VI FPO lot size is 1298 Shares, and the minimum amount required is ₹14,278.

You can apply in VI FPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for VI FPO will be done on Tuesday, April 23, 2024, and the allotted shares will be credited to your demat account by Wednesday, April 24, 2024. Check the VI FPO allotment status.

The VI FPO listing date is on April 25, 2024.
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VI FPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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4900 Comments

1622. Chhote Lal |   Link |  Bookmark |May 21, 2024 10:07:43 AM
IPO Mentor IPO Mentor (5900+ Posts, 4200+ Likes)
There is news about government waiving off interest on licencing fee to Vodafone Idea. Will this counter move up as a reaction to this news? What do you say?
1622.2. exness |   Link |  Bookmark |May 21, 2024 3:27:12 PM
@Chhote Lal thanks for updates. I'll be following this thread until i sell.
1622.3. HumorHedge |   Link |  Bookmark |May 22, 2024 4:05:26 AM (200+ Posts)
@Chhote Lal Now there is also another news:

Vodafone Idea approves Rs 2,075 crore preferential allotment to AB Group at 14.87.
1621. Chhote Lal |   Link |  Bookmark |May 17, 2024 11:51:17 AM
IPO Mentor IPO Mentor (5900+ Posts, 4200+ Likes)
VI shares allotted through FPO and sold on listing day have been reckoned as intra-day transaction in place of short term by Zerodha platform. Gains in this transaction are to be reckoned as STCG and not intra-day gains. There is no response from Zerodha on this anomaly. Are you facing the similar thing in Zerodha or other portals?
1621.6. Chhote Lal |   Link |  Bookmark |May 21, 2024 7:15:13 AM
IPO Mentor IPO Mentor (5900+ Posts, 4200+ Likes)
@HumorHedge Those in higher regular income slab will end up paying taxes in that bracket (say 30%)
1621.7. HumorHedge |   Link |  Bookmark |May 22, 2024 4:03:58 AM (200+ Posts)
@Rajiv RR @Chhote Lal Thanks. Now it makes sense.
1620. CA Saurabh Bansal |   Link |  Bookmark |May 16, 2024 9:23:12 PM (300+ Posts)
@rohiitian @Tejas Pandya  Result of VI looks like on Neutral to bad side, still holding 70% shares but I think it should not fall much tomorrow... What you says
1620.5. Wolf hunter |   Link |  Bookmark |May 17, 2024 12:51:30 PM (400+ Posts)
@Chhote Lal Yes true
Results was inline and most comments from vi was much positive
So now let's wait for next quarter how it will be
1620.6. ROAR |   Link |  Bookmark |May 17, 2024 1:19:00 PM (300+ Posts)
@Chhote Lal All set now., next stop tariff hikes and next quarter's result
1619. Destiny Voyager |   Link |  Bookmark |May 14, 2024 1:45:15 PM
Respected Members,
Any fresh view on VI from Q4 results perspective?

I am holding shares from FPO price..

Hold
or
Sell?
1619.7. SJ❤️ |   Link |  Bookmark |May 17, 2024 8:10:21 PM
Top Contributor Top Contributor (700+ Posts, 200+ Likes)
Holding 🤞
1619.8. CA Saurabh Bansal |   Link |  Bookmark |May 17, 2024 9:30:24 PM (300+ Posts)
Same holding 70%
1618. sree vas |   Link |  Bookmark |May 14, 2024 9:26:05 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
completely exited today in all 4 accounts , ave around 13
1617. JAISHREERAM |   Link |  Bookmark |May 9, 2024 4:27:05 PM (200+ Posts)
So what is the target Price now ?
1617.1. Rakcyt |   Link |  Bookmark |May 9, 2024 7:07:36 PM
IPO Guru IPO Guru (1300+ Posts, 1300+ Likes)
@JAISHREERAM  When all in class fails and only one boy pass with the grace mark , he feels very happy . So is this guy Vi who stood firm despite all round roasting of other chicks in the market today .
That's the clue for you today 😊
1616. BHNI RISK TAKER |   Link |  Bookmark |May 7, 2024 10:26:42 PM
Sell VI & exit
Coming soon 9.95
1616.1. Analyser |   Link |  Bookmark |May 7, 2024 11:06:14 PM
Your profile shows Bhni risk taker but riskहैं तों ईश्क़ हैं❤️💰
1615. ROAR |   Link |  Bookmark |May 7, 2024 9:41:26 AM (300+ Posts)
I'm holding all my allotted lots with a 3 months or more target of 18. I am not in the need of funds and can hold.

Considering the current situation and downward trajectory is it recommended to exit at a price if the fall continues or HOLD for the targets.

@MuStrFc @Rakcyt  @Chhote Lal and experts please share your views on the same

One thing that strikes me is that, if it is to go all the way to the bottom then why such strong Anchors are holding at bid of 11
1615.9. Wolf hunter |   Link |  Bookmark |May 8, 2024 11:22:08 PM (400+ Posts)
Citi has given target of 25 in bull case and they sold Total Qty Sold*: 190,425,000 in bulk deal to GHISALLO MASTER FUND LP
1615.10. ROAR |   Link |  Bookmark |May 11, 2024 10:46:33 AM (300+ Posts)
@Rakcyt Yeah there was panic selling during May 7-8 but in later sessions when the overall market reacted worse VI still had good buy-to-sell qty and maintained its levels when other stocks and indices were bleeding. 
VI Q4 results are scheduled on May 16 and only hoping that they narrow down losses and point to note is they lost 6,80,000 subscribers in march (fewest loss in trailing seven months)

Also, I guess Citigroup bought bulk at an avg of 12.7 on 26th Apr and sold recently to Ghisallo Master Fund at avg of 12.27., exiting ~39.56% and holding the rest & also stated a target of 25 in a bullish case. Am I right?

What do you say the external factors look like now? (Only with respect to market stability :)

@Chhote Lal Yes, planning to exit at different levels here

Anything to add on, people are welcome here
1614. Aaashish |   Link |  Bookmark |May 7, 2024 2:21:08 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Vi testing patience of us(holders)😀

I will wait for profit booking to end and wait for some time

Turnaround story still.very much alive
I anticipate tarrif hikes post elections and that will be the trigger
1614.1. Analyser |   Link |  Bookmark |May 7, 2024 4:04:53 PM
रिस्क हैं तों ईश्क़ हैं❤️💰
1613. BHNI RISK TAKER |   Link |  Bookmark |May 6, 2024 10:45:14 PM
VI target coming soon 9.95 👎🏼👎🏼👎🏼
1612. A. Rajput |   Link |  Bookmark |May 6, 2024 10:41:20 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Iska network bhi kachra he aur ye stock bhi kachra hi he. Anil singhwi ne fasa diya retail investors ko jese lic me fasaya tha
1612.2. Chhote Lal |   Link |  Bookmark |May 14, 2024 8:06:16 PM
IPO Mentor IPO Mentor (5900+ Posts, 4200+ Likes)
@A. Rajput While no comments on quality of stock or service levels of company, it indeed has given decent returns to all those who applied in FPO. Over 27% profits in short term is good enough and some fund houses are upbeat as is evident from even higher targets given from current levels.
1612.3. A. Rajput |   Link |  Bookmark |May 14, 2024 9:08:14 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
@Chhote Lal Yes chhoteji I always admire your point of view I am also holding all allotted quantity with conviction of post election tarrif hike. But currently it's going down and down and comment comes in frustration only
1611. Caarlos |   Link |  Bookmark |May 6, 2024 6:47:07 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
आज सारे long term investor बेच कर चले गए होंगे 😂😂
1610. Kalia |   Link |  Bookmark |May 6, 2024 3:54:06 PM
As a result of this IPO, VODAFONE equity has gone to 64000 crore. Even if it mtake profit of 3200 crores, EPS will be 0.5 and PE of 15 gives price of 7.5
1609. Neu |   Link |  Bookmark |May 6, 2024 3:05:03 PM
Vi is troubling us on daily basis
Xperts advice needed
1609.1. Rakcyt |   Link |  Bookmark |May 8, 2024 5:39:14 PM
IPO Guru IPO Guru (1300+ Posts, 1300+ Likes)
@Neu  This share is not going to give smooth ride like a Star Cruise on water rather it will turn turtle , sideways and upside down during its journey to end joy ride . It's like Ocean park (Hongkong) or Disneyland kind of roller coaster 🎢 😃😃😃. You may have more pain and joy too !!

If you have large holding then exit partial so that you are happy sitting on heap of profit and trouble is only for remaining. Regretting later for untapped potential is future scenario why to worry now 😊😊
1608. JAISHREERAM |   Link |  Bookmark |May 6, 2024 1:05:28 PM (200+ Posts)
Seems Selling pressure is high
1608.1. SMMM |   Link |  Bookmark |May 6, 2024 1:37:20 PM
Unable to sustain. Seems it will go down further.
1608.2. HumorHedge |   Link |  Bookmark |May 6, 2024 1:40:41 PM (200+ Posts)
Very high but not sure why! Result leak ho gaya kya?
1607. parmod gupta |   Link |  Bookmark |May 3, 2024 8:53:49 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
उम्मीद है कि आज VI का शेयर कुछ बढेगा
1607.4. HumorHedge |   Link |  Bookmark |May 3, 2024 5:44:13 PM (200+ Posts)
@MaheshJain Sahi bola boss, ye toh sach me kachra nikla. Phir se 14 aa jaye toh bech ke nikal jau fatafat. Capital fasa huya hai.
1607.5. Chhote Lal |   Link |  Bookmark |May 4, 2024 11:54:03 AM
IPO Mentor IPO Mentor (5900+ Posts, 4200+ Likes)
Isn't it strange that when the price was increasing post FPO, many praised and opted for procuring VI sim and now when it is showing pause, it is being labelled as kachra and what not !! Those who participated in FPO for listing gains, exited at right time and closed the chapter. Those who have patience to hold are waiting for targets, others looking for making quick bucks in short term seem to be getting restless. Anyways, best wishes 👍
1606. HumorHedge |   Link |  Bookmark |May 2, 2024 4:56:04 PM (200+ Posts)
Vodafone ka aaj result tha na, aya q nahi?
1606.1. MuStrFc |   Link |  Bookmark |May 2, 2024 9:42:36 PM
IPO Guru IPO Guru (3000+ Posts, 2300+ Likes)
Analyst meetings are being conducted to discuss FPO, that was starting from today for a week @HumorHedge
1605. mohan hemnani |   Link |  Bookmark |May 2, 2024 2:38:05 PM
Yes , indusind bank dbm has done that, after explaining to them In detail, amount has been already debited in upi mandate, and said lien also of vodafone which is active now.
1604. Analyser |   Link |  Bookmark |May 2, 2024 10:21:48 AM
May be today buying UC?
1604.2. SMMM |   Link |  Bookmark |May 2, 2024 1:14:40 PM
There will be neither any UC nor LC. It is going to test patience before hitting our respective targets, be it 15, 16 or 18.
1604.3. HumorHedge |   Link |  Bookmark |May 2, 2024 1:23:24 PM (200+ Posts)
@SMMM Can we expect atleast 14 by 6th May?
1603. Neu |   Link |  Bookmark |May 2, 2024 12:03:42 PM
May blast/bluff
Pls guide