Check This Before Buying the Vodafone Idea IPO
Vodafone Idea FPO Allotment Date and Status:
The allotment status of the Vodafone Idea FPO will be finalized on Tuesday, April 23. Investors can check their allotment status on the Link Intime India Private Ltd. website.
Issue Details:
Issue Dates : April 18, 2024, to April 22, 2024
Price Band : ₹10 to ₹11 per share
Lot Size : 1298 Shares
Total Issue Size : 16,363,636,363 shares (₹18,000.00 Cr)
Issue Type : Book Built Issue FPO
Listing At : BSE, NSE
Subscription Status:
The subscription status of the FPO was 6.36 times. Qualified institutional buyers (QIBs) subscribed 19.3 times the part allotted for them.
Share Price:
On Tuesday, Vodafone Idea share price is trading 2.64% higher at ₹13.23 apiece on BSE.
Refund Process:
The refund process for non-allotted applicants will start on April 24.
Listing Date:
Vodafone Idea FPO is scheduled to list on BSE, NSE on Thursday, April 25.
How to Check Allotment Status:
- Go to the Link Intime India Private Ltd. website: Link Intime India.
- Select the Vodafone Idea FPO from the drop-down list.
- Choose PAN, Demat Account, or Application No. to check the status.
- Select the application type (ASBA or non-ASBA).
- Enter the details and captcha, then click submit.
Promoter Holding:
The promoters of Vodafone Idea Limited include Kumar Mangalam Birla, Hindalco Industries Limited, Grasim Industries Limited, and others.
About Vodafone Idea Limited:
Vodafone Idea Limited is a telecommunications service provider in India. As of December 31, 2023, the company had over 223.0 million subscribers and a subscriber market share of 19.3%. They offer voice, data, and value-added services across 2G, 3G, and 4G technologies.
Financial Information:
| 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 |
Objects of the Issue (Vodafone Idea FPO Objectives):
Vodafone Idea Limited plans to utilize the net proceeds from the FPO for the following purposes:
- Expansion of Network Infrastructure:
- Setting up new 4G sites
- Expanding the capacity of existing 4G sites and new 4G sites
- Setting up new 5G sites
- Payment of Deferred Payments for Spectrum:
- Payment of certain deferred payments for spectrum to the Department of Telecommunications (DoT) and the Goods and Services Tax (GST) thereon
- General Corporate Purposes:
- Utilization for general corporate purposes
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