Vodafone Idea was incorporated on March 14, 1995. The company is the third-largest telecommunications service provider in India based on its subscriber base.
| Bidding Dates |
|---|
| 18 Apr 2024 - 22 Apr 2024 |
| Subscription |
|---|
| 6.36x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹12,980 | 1 | 14 | 1298 | 16363.6 M | ₹10 - ₹11 | 36.87 % | ₹163636.4 M - ₹180000.0 M | RHP DOC |
Vodafone Idea IPO SUBSCRIPTION STATUS
22 Apr '24Vodafone Idea IPO overall subscription rate was 6.36 times the total available shares
Vodafone Idea IPO retail subscription rate was 0.91 times in the retail segment
Vodafone Idea IPO non-institutional investor subscription rate was 4.13 times in the non-institutional investor category
Vodafone Idea IPO Qualified Institutional Bidder subscription rate was 17.56 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
22 Apr 2024 (Day 3) | 0.91x | 4.13x | 17.56x |
19 Apr 2024 (Day 2) | 0.13x | 0.75x | 0.93x |
18 Apr 2024 (Day 1) | 0.06x | 0.28x | 0.61x |
Vodafone Idea FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 9MFY24 | -235,638.0 | 320,449.0 | 158,838.0 | 145,797.0 | 39.9% |
| 9MFY23 | -231,870.0 | 316,453.0 | 146,609.0 | 114,338.0 | 39.8% |
| FY23 | -293,011.0 | 421,772.0 | 188,687.0 | 150,122.0 | 39.9% |
| FY22 | -282,454.0 | 385,155.0 | 173,870.0 | 114,988.0 | 41.6% |
| FY21 | -442,331.0 | 419,522.0 | 156,397.0 | 111,082.0 | 40.4% |
Vodafone Idea IPO SUBSCRIPTION STATUS DETAILS
Vodafone Idea had 16363.6 M shares on offer
Vodafone Idea IPO offer price was in the range ₹10 - ₹11
Vodafone Idea IPO minimum Investment was ₹12980
Vodafone Idea IPO issue size was ₹ 163636.4 M - ₹ 180000.0 M
Vodafone Idea had a minimum lot size of 1298 Shares per application
Vodafone Idea NUMBER OF SHARES ON OFFER
Vodafone Idea IPO IMPORTANT DATES
| Issue Open Date | 18 Apr 2024 |
| Issue close Date | 22 Apr 2024 |
| Allotment Date | 23 Apr 2024 |
| Refund Date | 24 Apr 2024 |
| Demat Account Credit Date | 24 Apr 2024 |
| Listing Date | 25 Apr 2024 |
| Listing on Exchange(s) | NSE and BSE |
| Vodafone Idea Allotment Status | Exchange |
Vodafone Idea IPO subscription opened on 18 Apr 2024, and closed on 22 Apr 2024
IPO allotment for Vodafone Idea was finalized on Tuesday, 23 Apr 2024
IPO listing for Vodafone Idea was on NSE and BSE on Thursday, 25 Apr 2024
Vodafone Idea IPO LISTING GAINS
| Issue Price (adjusted) | 11.0 |
| Listing Open Price | 11.8 |
| Listing Close Price | 13.1 |
| Listing Gain% | 7.3% |
| Current Gain% | 15.7% |
Vodafone Idea Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Vodafone Idea Ltd. | 12.7 | 84633.4 | 4 | 0 | 3.1 | -96.6 | 18 | 45414 | 1.8 | 34552 | 226.2 | 3.2 | 226.2 |
| Bharti Airtel Ltd. | 1959.9 | 1194276.8 | 41.3 | -2.3 | 5.4 | 16.3 | 4.8 | 213790.1 | 22.5 | 26695.2 | -20.4 | 47.5 | -18.2 |
| RailTel Corporation of India Ltd. | 288.6 | 9260.7 | 26.8 | 3 | 2.1 | 15.3 | 5.9 | 4327.6 | 21.9 | 346.3 | 15.5 | 10.8 | 9.1 |
| Tata Teleservices (Maharashtra) Ltd. | 39.4 | 7696.6 | 205.1 | 2 | 6.5 | 0 | -16 | 1174.9 | -10.9 | -215.3 | 83.1 | 0.2 | 102.9 |
| Mahanagar Telephone Nigam Ltd. | 27.8 | 1752 | -0.6 | -0.1 | 2.1 | 0 | -30.8 | 1541.1 | 11.8 | -3107.2 | 6.6 | -49.3 | 6.6 |
| Reliance Communications Ltd. | 0.8 | 232.3 | 0 | 0 | 0.7 | 0 | -30.6 | 346 | -11.5 | -11125 | -18.5 | -40.2 | -18.5 |
Vodafone Idea IPO Reports
Vodafone Idea INFORMATION ON IPO ISSUE
About Vodafone Idea
Vodafone Idea was incorporated on March 14, 1995. The company is the third-largest telecommunications service provider in India based on its subscriber base.
Object of the Issue
- Purchase of equipment for the expansion of the network infrastructure, including:
- Setting up new 4G sites
- Expanding the capacity of existing 4G sites and new 4G sites
- Setting up new 5G sites
-
Payment of certain deferred payments for spectrum to the Department of Telecommunications (DoT) and the Goods and Services Tax (GST) thereon
-
General corporate purposes
Vodafone Idea - PROMOTERS
| Name |
|---|
| 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 |
| Usha Martin Telematics Limited |
Vodafone Idea Book Running Lead Manager
Axis Capital Limited
vil.fpo@axiscap.in
SBI Capital Markets Limited
vil.fpo@sbicaps.com
Vodafone Idea Book Running Lead Managers
Jefferies India Private Limited
vodafone.idea.fpo@jefferies.com
Vodafone Idea Registrar to the Offer
Link Intime India Private Limited
vil.fpo@linkintime.co.in
Vodafone Idea Strengths
Existing network built on 5G-ready architecture
The company has strategically deployed its 4G network with a future-proof architecture. Over 90% of its new basebands and time division duplex band radio units are 5G-ready, equipped with 10G bandwidth capability
Enterprise clients
The company provides a diversified portfolio of business services to its enterprise clients, encompassing global enterprises, corporates, SMEs, government organizations, small offices and home offices, as well as startups
Trusted brand
The Vi brand has completed over three years, and in this short period, it has achieved recognition and recall within the Indian telecommunications market
Vodafone Idea Risks
Significant indebtedness
The company has incurred significant indebtedness and has not complied with certain covenants under its financing agreements. Its inability to meet these obligations could adversely affect the business
Intense competition
The company faces intense competition that may have an impact on market share and profitability
Outstanding legal proceedings
There are outstanding legal proceedings involving the company, certain subsidiaries, promoters, directors, and group companies. Any adverse outcome in any of these proceedings may adversely affect the business
IPO FAQs
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.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 10.0 - 11.0.
The IPO application opens on Apr 18, 2024 and closes on Apr 22, 2024.
The minimum lot size for the IPO is 1298. The maximum lot size for the IPO is 18172.
For all category investors, the minimum application amount for this IPO is Rs. 12,980.0, the maximum value for this IPO is Rs 199,892.0.
This IPO will be allotted on Apr 23, 2024.
The refund will be credited to your account on Apr 24, 2024.
The allotted shares will be credited to your demat on Apr 24, 2024.
Vodafone Idea Ltd.’s shares listed on the stock exchanges on Apr 25, 2024.