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Vodafone Idea Limited FPO : Latest Information

Vodafone Idea Limited FPO is set to launch on 18 April, 2024. The company initiated its business operations in the year 1995. It is a telecommunication provider in India. It provides various services like short messages and digital services for its customers and enterprises, voice, value-added services and data in 2G, 3G and 4G technologies. It has a market share of 19.3% with 223 million active users. The services of the company are offered in more than 17 countries to 300 million plus users. It has an IoT collaboration with 45 countries as well. It has 183400 tower locations in India and also has 2300 urban branded stores in India. The employee base of the company is 12598 people.

Vodafone Idea Limited FPO DETAILS

Vodafone Idea Limited FPO is set to launch on 18 April, 2024. The subscription timeline extends till 22 April, 2024. The size for the FPO is 18000 Crore Rs. Shares issued through fresh issue mode are worth Rs 18000 Crore. No shares are issued through offer for sale mode. The lot size is 1298 shares and the price is 10 Rs to 11 Rs per share. The company is going to get listed at both NSE and BSE. The face value per share is Rs. 10 and this is a Book Built issue FPO. The registrar for the company is Link Intime India Private Limited.

Tabular Description of Vodafone Idea Limited FPO

FPO OPENING DATE	18 April, 2024
CLOSING DATE FOR FPO	22 April, 2024
ISSUE TYPE	Book Built Issue FPO
Face Value per share	10 Rs. per share
FPO price band	10 Rs. to 11 Rs. per share
LOT SIZE	1298 shares
MINIMUM ORDER QUANTITY	1298 shares
ISSUE SIZE	18000 Crore Rs.
OFFER FOR SALE	No shares are issued through offer for sale mode.
FRESH ISSUE	18000 Crore Rs.
LISTING AT	NSE, BSE
LISTING DATE	25 April, 2024

Vodafone Idea Limited FPO : IMPORTANT DATES

FPO OPENING DATE	18 April, 2024
CLOSING DATE FOR FPO	22 April, 2024
FPO ALLOTMENT DATE	23 April, 2024
REFUNDS	24 April, 2024
DEMAT A/C CREDITED ON	24 April, 2024
FPO LISTING DATE	25 April, 2024

Vodafone Idea Limited FPO begins for subscription from 18 April, 2024. The FPO subscription would continue till 22 April, 2024. The allotment status for the shareholders who applied would come on 23 April, 2024. The refunds for the ones who did not get allotment would be initiated on 24 April, 2024. The DEMAT accounts of shareholders would be credited on 24 April, 2024. The listing of the company would be completed on 25 April, 2024.

Vodafone Idea Limited FPO : Lead Managers

The lead managers are :

Axis Capital Limited
SBI Capital Markets Limited
Jefferies India Private Limited

The minimum lot size for the company is decided at 1298 shares. This holding accounts to 14278 Rs.. The maximum lot size is decided at 18172 shares. This amounts to 199892 Rs. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	1298 shares	14278 Rs.
Maximum	18172 shares	199892 Rs.

OBJECTIVES FOR THE FPO

FPO proceeds would be used for general corporate purposes.
The company will use the FPO money for further working capital requirements.

COMPANY FINANCIALS

Particularly (in Crore Rs.)	2020-21	2021-22	2022-23
ASSETS	203480	194029	207242
Revenue	42126	38644	42488
PAT	(-44233)	(-28245)	(-29301)

Vodafone Idea Limited had an asset base of 203480 Crore Rs in 2021 which decreased to 194029 Crore Rs in 2022. The asset base again increased to 207242 Crore rs in 2023. The revenue of the company was 42126 Crore Rs in 2021 which decreased to 38644 Crore Rs in 2022 and increased to 42488 Crore Rs in 2023. The company has been incurring a loss of 44233 Crore rs in the year 2021, The loss decreased to 28245 Crore Rs in 2022 but in 2023 the loss increased slightly to 29301 Crore Rs.

PROS

It provides various services like short messages and digital services for its customers and enterprises, voice, value-added services and data in 2G, 3G and 4G technologies.
It has a market share of 19.3% with 223 million active users.
The services of the company are offered in more than 17 countries to 300 million plus users. It has an IoT collaboration with 45 countries as well.
It has 183400 tower locations in India and also has 2300 urban branded stores in India.
The employee base of the company is 12598 people.

Vodafone Idea Limited FPO Application Process with Zerodha

It is very easy to apply for an FPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

Logging into Zerodha console through its website or KITE platform. Clicking the FPO section present in the ORDER tab.
Click the Vodafone Idea Limited FPO button and press the BID button.
Entering the details asked for like UPI ID, Quantity and price.
Submit the application form for the FPO.
Visiting the application of UPI for approving the transaction.

Now, applying for an FPO online is possible with most of the Discount and online brokers.

dhairya@socialcoffee.in