Market Update: Vodafone Idea Launches Rs 18,000 Cr FPO for 5G Expansion! Stay Tuned!

 About Company: 

Incorporated in March 1995, Vodafone Idea Limited is a telecommunications service provider in India. The company provides voice, data, and value-added services across 2G, 3G, and 4G technologies, such as short messaging and digital services for enterprises and consumers. As of December 31, 2023, the company had over 223.0 million subscribers and a subscriber market share of 19.3%. Its network carried 401 billion voice minutes and 6,004 billion MB of data. As of Dec 31, 2023, Vodafone offers mobile and fixed services to 300M+ customers in 17 countries and has IoT collaborations with networks in 45 other countries. Internet of Things (IoT) platforms in the world. The company operates under a strong brand with over three decades of experience from Vodafone and Idea. Total income for FY2023 was ₹424,885 million, with ₹321,256 million for the nine months ended December 31, 2023. As of December 31, 2023, the company operates around 183,400 tower locations in India, providing broadband services to over 438,900 units, covering more than a billion people. The merger has increased their 4G population coverage from 1.18 billion to over 1 billion. As of Dec 31, 2023, the company had 2,300 branded urban stores in India, covering over 95% of all districts, including its own and franchisee-owned stores. By December 31, 2023, the company had a total of 12,598 individuals employed in all its operations.

Strengths:

1. Large Subscriber Base  

2. Extensive Telecommunication Network  

3. Existing Network Built on 5G-Ready Architecture  

4. Large Enterprise Customer Base with Longstanding Relationships  

5. Extensive Distribution and Service Network    

6. Trusted Brand with Strong Proposition   

7. Strong Promoter Support  

 8. Experienced Management Team

📊 Invest in the FPO: Check out the attached link:  

https://www.rrfinance.com/OurProducts/PublicIssues/Vodafone-Idea-Limited-FPO-April-2024.ASPX

Vodafone Idea Limited  Financials:
Period Ended	31-Dec-23	31-Mar-23	31-Mar-22	31-Mar-21
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	-23563.8	-29301.1	-28245.4	-44233.1
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
Amount in ₹ Crore

Vodafone Idea Limited  FPO Details
IPO Date	April 18, 2024 to April 22, 2024
Listing Date	[.]
Face Value	₹10 per share
Price Band	₹10 to ₹11 per share
Lot Size	1298 Shares
Total Issue Size	16,363,636,363 shares (aggregating up to ₹18,000.00 Cr)
Fresh Issue	16,363,636,363 shares (aggregating up to ₹18,000.00 Cr)
Issue Type	Book Built Issue FPO
Listing At	BSE, NSE

 

Vodafone Idea Limited  FPO Timeline
IPO Open Date	Thursday, April 18, 2024
IPO Close Date	Monday, April 22, 2024
Basis of Allotment	Tuesday, April 23, 2024
Initiation of Refunds	Wednesday, April 24, 2024
The credit of Shares to Demat	Wednesday, April 24, 2024
Listing Date	Thursday, April 25, 2024
Cut-off time for UPI mandate confirmation	5 PM on April 22, 2024

VI FPO Registrar

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

For additional investment opportunities, kindly explore: https://www.rrfinance.com/

Source - https://www.chittorgarh.com/ipo/ipo_dashboard.asp