VI FPO (Follow-on Public Offering) is a significant book-built issue with a total value of ₹18,000.00 crores. The entire issue consists of a fresh offering of 1,636.36 crore shares.
The subscription for VI FPO will open on April 18, 2024, and it will close on April 22, 2024. The allotment process is expected to be finalized on Tuesday, April 23, 2024. Investors can look forward to VI FPO being listed on both the BSE (Bombay Stock Exchange) and the NSE (National Stock Exchange), with the tentative listing date set for Thursday, April 25, 2024.
The price band for VI FPO shares has been set at ₹10 to ₹11 per share. For those interested in participating, the minimum lot size for an application is 1,298 shares. Retail investors need to make a minimum investment of ₹14,278.
The book running lead managers for the VI FPO are Axis Capital Limited, Jefferies India Private Limited, and SBI Capital Markets Limited. Meanwhile, Link Intime India Private Ltd serves as the registrar for this issue.
| IPO Opening Date | April 18, 2024 |
|---|---|
| IPO Closing Date | April 22, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per share |
| IPO Price | ₹10 to ₹11 per share |
| Market Lot | 1298 Shares |
| Listing At | BSE, NSE |
| 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) |
| Share holding pre issue | 50,119,820,375 |
| Share holding post issue | 66,483,456,738 |
| 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 |
VI FPO opens on April 18, 2024, and closes on April 22, 2024.
| Basis of Allotment Date | April 23, 2024 |
|---|---|
| Initiation of Refunds | April 24, 2024 |
| Credit of Shares to Demat Account | April 24, 2024 |
| IPO Listing Date | April 25, 2024 |
Investors can bid for a minimum of 1298 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1298 | ₹14,278 |
| Retail (Max) | 14 | 18172 | ₹199,892 |
| S-HNI (Min) | 15 | 19,470 | ₹214,170 |
| S-HNI (Max) | 70 | 90,860 | ₹999,460 |
| B-HNI (Min) | 71 | 92,158 | ₹1,013,738 |
Incorporated in March 1995, Vodafone Idea Limited is a prominent telecommunications service provider in India. The company offers a comprehensive range of services, including voice, data, and value-added services across 2G, 3G, and 4G technologies. These services cater to both enterprises and consumers, encompassing short messaging and digital solutions.
As of December 31, 2023, Vodafone Idea boasts an impressive subscriber base of over 223.0 million, securing a substantial 19.3% market share. Its robust network handles an astounding 401 billion voice minutes and a staggering 6,004 billion MB of data.
The company proposes to utilise the Net Proceeds towards funding of the following objects:
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; 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.
VI FPO is a main-board FPO of 16,363,636,363 equity shares of the face value of ₹10 aggregating up to ₹18,000.00 Crores. The issue is priced at ₹10 to ₹11 per share. The minimum order quantity is 1298 Shares.
The FPO opens on April 18, 2024, and closes on April 22, 2024. Link Intime India Private Ltd is the registrar for the FPO. The shares are proposed to be listed on BSE, NSE.
The VI FPO opens on April 18, 2024 and closes on April 22, 2024.
VI FPO lot size is 1298 Shares, and the minimum amount required is ₹14,278.
You can apply in VI FPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services.
The finalization of Basis of Allotment for VI FPO will be done on Tuesday, April 23, 2024, and the allotted shares will be credited to your demat account by Wednesday, April 24, 2024.
Check the IPO allotment status.
The Vodafone Idea FPO listing date is April 25, 2024.
To Bid online, you need
Demat Account and Pan card.
Login to SMC account and
select the Vodafone Idea FPO
Enter UPI Id & Mobile number
Place your number of bids
with the exchange
A UPI mandate is sent to your
UPI App to block your funds.