Vodafone Idea FPO Dates, Price, GMP And Best Review

The Vodafone Idea FPO, slated for April 18 – 22, 2024, aims to raise ₹18,000.00 Cr via a price band of ₹10 to ₹11 per share. Allotment and refunds commence on April 23 and 24, 2024, with a tentative listing date of April 25, 2024. On April 12, 2024, the Gray Market Premium was reported to be ₹1.10.

Vodafone Idea FPO (VI FPO) Dates And Price

Vodafone Idea FPO GMP (Gray Market Premium)

On April 12, 2024, the Vodafone Idea FPO (VI FPO) GMP (Gray Market Premium) Trend reported that the IPO price remained at ₹11.00 per share, with a Gray Market Premium (GMP) of ₹1.10. The Subject 2 Sauda Rate stood at 1100. It was estimated that the listing price would be around ₹12, reflecting a 10% increase.

Vodafone Idea Limited FPO (VI FPO) Review

Some important points you need to know before applying to Vodafone Idea Limited FPO. Below are the company’s financial details, promoter holding pattern and some other important points.

Established in March 1995, Vodafone Idea Limited is a leading telecommunications provider in India, offering voice, data, and value-added services across 2G, 3G, and 4G technologies. As of December 31, 2023, it boasts over 223 million subscribers, with a market share of 19.3%. The company’s network handled 401 billion voice minutes and 6,003 billion MB of data.

Vodafone serves over 300 million customers in 17 countries and collaborates on IoT projects in 45 other countries. With a robust brand legacy from Vodafone and Idea, it reported a total income of ₹424,885 million for FY2023 and operates 183,400 tower locations nationwide.

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Vodafone Idea FPO Financial Details

Vodafone Idea Limited FPO Promoter Holding

The company’s promoters include 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. Before the issue, their collective holding was 48.75%, which was reduced to 36.87% post-issue.

For more please see Vodafone Idea FPO RHP

Vodafone Idea Limited FPO (VI FPOs) Valuation

• Earning Per Share (EPS): ₹-8.43 per Equity Share
• Price/Earning (P/E) Ratio: N/A
• Return on Net Worth (RoNW): NA%
• Net Asset Value (NAV): ₹-15.28 per Equity Share

Vodafone Idea Limited FPO lead managers

• Axis Capital Limited
• Jefferies India Private Limited
• SBI Capital Markets Limited

Company Address

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/

Vodafone Idea FPO (VI FPO) FAQs