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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.
| 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 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) |
| Issue Type | Book Built Issue FPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 50,119,820,375 |
| Share holding post issue | 66,483,456,738 |
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 Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 4,909,090,908 (30.00%) | NA |
| QIB Shares Offered | 3,272,727,273 (20.00%) | NA |
| NII (HNI) Shares Offered | 2,454,545,454 (15.00%) | |
| bNII > ₹10L | 1,636,363,636 (10.00%) | 84,045 |
| sNII < ₹10L | 818,181,818 (5.00%) | 42,022 |
| Retail Shares Offered | 5,727,272,727 (35.00%) | 4,412,382 |
| Total Shares Offered | 16,363,636,362 (100%) |
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 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 |
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 | |||
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% |
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'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 Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 190,801.80 | 207,242.70 | 194,029.10 | 203,480.60 |
| Revenue | 32,125.60 | 42,488.50 | 38,644.90 | 42,126.40 |
| 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 Borrowing | 203,425.70 | 201,586.00 | 190,917.70 | 180,310.30 |
| Amount in ₹ Crore | ||||
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 |
The company proposes to utilise the Net Proceeds towards funding of the following objects:
[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...
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)
| Category | Subscription (times) |
|---|---|
| QIB | 19.31 |
| NII | 4.54 |
| bNII (bids above ₹10L) | 6.04 |
| sNII (bids below ₹10L) | 1.55 |
| Retail | 1.01 |
| Total | 6.99 |
Total Application : 1,160,462 (0.26 times)
| Listing Date | April 25, 2024 |
| BSE Script Code | 532822 |
| NSE Symbol | IDEA |
| ISIN | INE669E01016 |
| Final Issue Price | ₹11 per share |
| 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 |
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/
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 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
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.
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