Vodafone Idea FPO (VI FPO) Review

 
Vodafone Idea FPO (VI FPO) Review

VI FPO is scheduled to hit the market on April 18, 2024 and close on April 22, 2024. VI FPO plans to raise around ₹18,000.00 Cr through an FPO with a sale of up to 16,363,636,363 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.

Vodafone Idea, established in March 1995, is a telecommunications company operating in India. They offer a variety of services including voice calls, data, and additional services using 2G, 3G, and 4G technologies. These services cater to both individual consumers and businesses.

By the end of December 2023, Vodafone Idea Limited had amassed over 223.0 million subscribers in India, holding a market share of 19.3%. Their network facilitated a whopping 401 billion voice minutes and transmitted 6,004 billion MB of data. Additionally, Vodafone extends its mobile and fixed services to more than 300 million customers across 17 countries and collaborates on Internet of Things (IoT) initiatives with networks in 45 other countries.

Vodafone Idea FPO (VI FPO)



VI FPO Details

VI FPO opens on April 18, 2024, and closes on April 22, 2024. The Listing date for VI FPO is on April 25, 2024. The price band for IPO is ₹10 to ₹11 per share and lot size of 1298 Shares.

IPO DateApril 18, 2024 to April 22, 2024
Listing DateApril 25, 2024
Price₹10 to ₹11 per share
Lot Size1298 Shares
Issue Size₹18,000.00 Cr
Face Value₹10 per share

VI FPO Tentative Timetable

VI FPO opening date is April 18, 2024 and close date is April 22, 2024. The IPO allotment date is April 23, 2024. The refund initiation of IPO is on April 24, 2024. The credit of shares in demat account is on April 24, 2024. The listing date is on April 25, 2024.

EventDate
IPO OpeningApril 18, 2024
IPO ClosingApril 22, 2024
IPO Allotment DateApril 23, 2024
Refund InitiationApril 24, 2024
Shares Credit to DematApril 24, 2024
Lisiting DateApril 25, 2024

VI FPO Lot Size

Lot Size of this FPO is 1298 shares. A retail-individual investor can apply for up to 14 lots (18172 shares or ₹199,892).

CategoryLotsSharesAmount
Retail(Minimum)11298₹14,278
Retail(Maximum)1418172₹199,892
S-HNI (Minimum)1519,470₹214,170
B-HNI (Minimum)7192,158₹1,013,738

VI FPO Promoter Holding

Pre Issue Share Holding48.75%
Post Issue Share Holding36.87%

VI FPO Review

The company, with a subscriber base of over 223 million and a subscriber market share of 19.3%, is aiming to utilize the net proceeds from the IPO for expanding its network infrastructure. This includes setting up new 4G and 5G sites, along with enhancing the capacity of existing sites. Such strategic investments are crucial for Vodafone Idea to stay competitive in the rapidly evolving telecom sector.

One key aspect highlighted in the IPO details is the company's financial performance. Despite a drop in profit after tax (PAT) by -3.74% in the previous financial year, Vodafone Idea's revenue witnessed a significant increase of 9.95%. The market capitalization of VI FPO stands at Rs 73131.8 Cr, reflecting investor interest in the company's future prospects. Investors are keenly observing the company's earnings per share (EPS) and price-to-earnings (P/E) ratio, which are essential metrics for evaluating its financial health and growth potential.

Moreover, Vodafone Idea's objectives for the IPO proceeds include funding network expansion, clearing deferred payments for spectrum, and addressing general corporate requirements. By strategically allocating these funds, the company aims to strengthen its market position and enhance service offerings for its vast customer base. Overall, Vodafone Idea Limited's IPO presents an opportunity for investors to participate in the growth story of one of India's leading telecommunications service providers, poised to leverage emerging technologies for sustainable business growth.

VI FPO Subscription Status (Bidding Details)

Table not found

VI FPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

VI FPO FAQs

What is VI FPO?

VI FPO is issuing 16,363,636,363 equity shares with a face value of ₹10 each, totaling up to ₹18,000.00 Cr. The shares are being offered at a price of ₹10 to ₹11 each, with a minimum order quantity of 1298 shares.

Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When VI FPO will open?

VI FPO will open on April 18, 2024 for QIB, NII, and Retail Investors.

When VI FPO will end?

VI FPO will end on April 22, 2024.

What is VI FPO Size?

VI FPO IPO size is 18,000.00 Cr.

What is VI FPO Price Band?

VI FPO price band is ₹10 to ₹11 per share.

What is the VI FPO Allotment Date?

VI FPO allotment date is April 23, 2024.

What is the VI FPO Listing Date?

VI FPO listing date is April 25, 2024. The IPO is to be listed on BSE and NSE.

How to VI FPO through Zerodha?

To apply for the IPO “VI FPO” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply VI FPO through Upstox?

To apply for the IPO “VI FPO” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check VI FPO Allotment Status?

For VI FPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is VI FPO GMP?

You can check out here: VI FPO GMP

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About Ishika Agarwal

Ishika Agarwal is a seasoned financial writer with a strong background in the stock market and investment sector. Ishika has a passion for analyzing and interpreting complex financial data to provide valuable insights to her readers.

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