Vodafone Idea IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP

Let’s have a detailed review of the company and analytics of the Vodafone Idea IPO release date, IPO offer price, subscription, Vodafone Idea Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Vodafone Idea IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.

Vodafone Idea IPO – Summary

They are the third largest telecommunications service provider in India based on subscriber base. According to the GSMA Intelligence Database, they are the sixth largest cellular operator globally in terms of number of subscribers in a single country of operations.

Through their pan India network, they offer voice, data, enterprise and other value-added services (“VAS”), including short messaging services and digital services across 2G, 3G and 4G technologies. They also offer connectivity services to enterprise customers.

The Promoters of this 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 lead managers of the issue are Axis Capital Limited, Jefferies India Private Limited, and SBI Capital Markets Limited, and the Registrar of this issue is Link Intime India Private Limited.

Vodafone Idea IPO Date

The opening and closing dates of Vodafone Idea IPO are April 18, 2024 and April 22, 2024, respectively.

Vodafone Idea IPO Subscription

The shares subscribed by the public will be updated here.

Vodafone Idea IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Vodafone Idea Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Vodafone Idea IPO Price Band

The face value of each share is Rs.10, but the price band of the IPO is Rs 10 to Rs 11 

Vodafone Idea IPO Equity Size

This Initial Public Issue of 16,363,636,363 Equity Shares of Rs.10 each for cash at a price of Rs 10 to Rs 11 per equity share aggregating to Rs.18,000.00 Crore.

Vodafone Idea IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 16,363,636,363 Equity Shares of Rs.10/ each.

Issue Size: 16,363,636,363 Equity Shares of Rs.10 each, aggregating to Rs.18,000.00 Crore

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Vodafone Idea IPO – Live Performance

The listing date of this IPO is April 25, 2024. You can check the live performance of the IPO here, only after it is listed on exchanges.

Vodafone Idea IPO Grey Market Premium

The Vodafone Idea Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X. 

Vodafone Idea IPO – Company Overview

They hold active licenses for national long-distance (“NLD”), international long-distance (“ILD”) and internet service provider (“ISP”), and registration for infrastructure provider (“IP-1”) services. They carry inter-service area voice traffic and incoming and outgoing international voice traffic on their network, which is facilitated through interconnections with their active licenses.

For the quarter ended December 31, 2023, their applicable gross revenue (“ApGR”) market share was 17.79% of the Indian mobile telecommunications services industry (as derived from TRAI Financial Data for the quarter ended December 31, 2023).

As of December 31, 2023, they had over 223.0 million subscribers and a subscriber market share of 19.3%. Furthermore, for the quarter ended December 31, 2023, they carried approximately 401 billion voice minutes and approximately 6,004 billion MB of data on their network.

Vodafone Idea IPO – Financial Statements

A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

Financial Summary:

Earnings per Equity Share (in Million)

Further, their PAT for the period ended on Dec 31, 2023, and March 31, 2023, were Rs. ( 2 3 5,6 3 8 ) Million and Rs. ( 2 2 8,8 2 2 ) Million respectively.

Vodafone Idea IPO – Promoters

The Promoter of this company is:

• 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

List of Related Parties (Key Managerial Personnel)

• Ravinder Takkar, Non-Executive Chairman
• Anjani Kumar Agrawal, Independent Director
• Arun Kumar Adhikari, Independent Director
• Ashwani Windlass, Independent Director
• Himanshu Kapania, Non-Executive Director

Vodafone Idea IPO – Promoters Holding

• Pre-Issue Share Holding – 48.75%
• Post-Issue Share Holding – 36.87%

Vodafone Idea IPO Offer Details or Issue Details

Vodafone Idea IPO Issue Object

Their Company proposes to utilize the Net Proceeds towards funding the following objects:

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

Vodafone Idea IPO – Business Strategy

• Focused Investments to Drive Coverage and Capacity Expansion
• Their Initiatives to Improve their Average Revenue Per User and Customer Retention
• Focus on Business Services through Telco to Techco Transformation
• Strategic Collaborations to Monetize Digital Opportunities

Vodafone Idea IPO – Basis of Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

• Large subscriber base;
• Extensive telecommunication network;
• Existing network built on 5G-ready architecture;
• Large enterprise customer base with longstanding relationships;
• Extensive distribution and service network;
• Trusted brand with strong proposition;
• Strong promoter support; and
• Experienced management team.

The relevant quantitative factors are:

Vodafone Idea IPO: Competitive Peers

Vodafone Idea IPO Lead Managers

Vodafone Idea IPO Registrar to offer

Vodafone Idea IPO – Other Details

• Statutory Auditor – S.R. Batliboi & Associates LLP, Chartered Accountants
• Legal Counsel to the Company – Cyril Amarchand Mangaldas
• Bankers to the Company –Axis Bank Limited, Bank of Baroda, Canara Bank, ICICI Bank Limited etc

Vodafone Idea IPO Review by Stock Brokers

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Vodafone Idea Limited IPO News

News 1 – IPO DRHP Download

News 2 – IPO RHP Prospectus Download

Vodafone Idea IPO Review FAQs

Check out various FAQs related to Vodafone Idea IPO:

What is the Issue Size of Vodafone Idea IPO?

The Company is making an initial public offer of 16,363,636,363 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

What is the Price band of Vodafone Idea IPO?

The price band for this particular IPO ranges between Rs 10 to Rs 11. As far as the face value of the share is concerned, it is Rs. 10 per share.

What is the Vodafone Idea IPO Open Date?

The opening and closing dates for this IPO have been updated. The IPO is set to open on April 18, 2024, while the closing date is set at April 22, 2024.

What is the Vodafone Idea IPO Allotment Date?

They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on April 23, 2024, refund initiation is on April 24, 2024, credit of shares is on April 24, 2024, and share listing date is on April 25, 2024.

What is the Vodafone Idea IPO Listing Date?

Shares of this company shall be listed in the exchanges on April 25, 2024. The date, when the listing would be done, is stagnant on April 25, 2024.

Who is the Registrar of Vodafone Idea IPO?

One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.

Who is the Promoter of Vodafone Idea IPO?

Here are the promoters of this IPO – 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. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

What is the GMP of Vodafone Idea IPO?

They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.

Is Vodafone Idea IPO Good for Investment?

They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

What is the PAT of Vodafone Idea Company?

They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Million is ( 2 2 8,8 2 2 ). PAT from Dec 2023 is ( 2 3 5,6 3 8 ).

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