Vodafone Idea Limited FPO

Company Profile
Company Name Vodafone Idea Limited FPO
Open Date 18-04-2024
Close Date 22-04-2024
Exchange BSE, NSE
Lot Size 1298 Shares
Issue Price ₹10 to ₹11 per share
Issue Size 16,36,36,36,363 shares
Application Amount ₹14,278
Recommendation Avoid

Vodafone Idea Limited was originally incorporated in the year 1995 as ‘Birla Communications Limited’ and has its registered office in Gandhinagar, Gujarat, India. The company offers voice, data, enterprise and other value-added services (“VAS”), including short messaging services and digital services across 2G, 3G and 4G technologies. The company also offers connectivity services to enterprise customers. The company carry inter-service area voice traffic and incoming and outgoing international voice traffic on the network, which is facilitated through interconnections with the active licenses. As of December 31st, 2023, the Company had 12,598 employees on its payroll.

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Financial Summary in Cr.

For the Period Ended Mar-21 Mar-22 Mar-23 Dec-23
Total Assets 20,34,806 19,40,291 20,72,427 19,08,018
Net Assets -3,82,280 -6,19,648 -7,43,591 -9,79,319
Total Borrowings 2,28,948 1,49,669 1,22,959 21,81,710
Total Revenue 4,21,264 3,86,449 4,24,885 3,21,256
Profit After Tax -4,42,331 -2,82,454 -2,93,011 -2,35,638

Tentative Timeline

Opening Date 18/04/2024
Closing Date 22-04-2024
Basis of Allotment 23-04-2024
Initiation of Refunds 24-04-2024
Credit of Shares to Demat 24-04-2024
Listing Date 25-04-2024

Objects of the Issue

Purchase of equipment for the expansion of the network infrastructure by a. setting up new 4G sites b. expanding the capacity of existing 4G Sites and new 4G sites c. setting up new 5G sites.
Payment of certain deferred payments for spectrum to the DoT and the GST thereon.
General corporate purposes.

Contact Information

Registered Office 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/

Offer Documents

VI FPO DRHP
VI FPO RHP

Registrar Details

Name 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

IPO Reservation

QIB Shares Offered Not more than 50% of the Net Issue
Retail Shares Offered Not less than 35% of the Net Issue
NII (HNI) Shares Offered Not less than 15% of the Net Issue

Shareholding Pattern

Share Holding Pre Issue (Promoters) 48.91%
Share Holding Post Issue (Promoters) 36.87%

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