₹ 14278 / 1298 shares
IPO Details
RHP/DRHPIssue Date
18 Apr - 22 Apr'24
Investment/lot
₹ 14278
Price Range
10 - 11
Lot Size
1298
IPO Size
₹ 18000.00 Cr
IPO Listing Details
Listing On
25 Apr'24
Issue Price
11
Listed Price
₹ 12
Retail Gain/Listing Gain
â–²9.09%
IPO Timeline
Vodafone Idea FPO Issue Details
Kotak Securities
•3m 43s
Vodafone Idea Company Background
Vodafone Idea is the third largest telecommunications service provider in India based on subscriber base (Source: TRAI Subscription Report). According to the GSMA Intelligence Database, the company is the sixth largest cellular operator globally, in terms of the number of subscribers in a single country of operations.
The company provides voice, data, enterprise, and other value-added services, such as messaging and digital services, across India using 2G, 3G, and 4G technologies. They also cater to enterprise customers with connectivity services. Holding national and international long-distance licenses, as well as an internet service provider registration, they manage both domestic and international voice traffic on their network through these licenses.
With that, let's take a look at the competitive strength and risk factors for Vodafone Idea Limited:
Vodafone Idea Competitive Strengths
Large Subscriber Base
They are the third largest telecommunications service provider in India by subscriber base (Source: TRAI Subscription Report). As of December 31, 2023, the company had more than 223.0 million subscribers, holding a 19.3% share of the market. Their Applicable Gross Revenue (ApGR) market share stood at 17.79% of the Indian mobile telecommunications services industry for the quarter ending on that date. During this period, they held the top gross revenue market share in Kerala and Mumbai, and were the second largest in Gujarat and Kolkata. Additionally, their market share exceeded 20% in Maharashtra, Delhi, Uttar Pradesh (West), and Haryana.
Large Enterprise Customer Base with Longstanding Relationships
The company offers a diverse portfolio of business services to a range of clients including global enterprises, corporates, SMEs, government organisations, small offices, home offices, and startups. Their comprehensive services have earned them multiple accolades, such as the CIO Choice Awards 2024 in several categories including Telecom Carrier (Mobile Access), Cloud Telephony, Telecom Carrier (International Access), SD-WAN Services, Rich Business Messaging, Digital Transformation Enabler (ReadyForNext assessment for MSMEs), and IoT. Additionally, they won the Digital Initiative of the Year (India) at the Asian Telecom Awards 2024 for their IoT Initiative, and received a Gold award in the B2B category for the ReadyForNext initiative at the e4M Indian Marketing Awards 2023.
Trusted Brand with a Strong Proposition
The "Vi" brand has existed for over three years and, during this brief period, it has gained significant recognition and recall in the Indian telecommunications market. Through their brand campaigns, such as 'Vi - Be Someone's We', the company highlights the importance of connectivity. Additionally, they allow customers to choose and customise benefits according to their preferences. They have implemented several initiatives aimed at strengthening their brand image and attracting a larger share of higher ARPU subscribers, including efforts to transition their subscribers from 2G to 4G services.
Risk Factors
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If the company fails to update their telecommunications services or adapt to changing consumer preferences, it may lose competitiveness, thereby negatively impacting business, operations, and cash flows.
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The company requires significant capital to fund its capital expenditure and working capital requirements. Failure to raise additional capital could result in the financial condition and cash flow to be adversely impacted.
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The company has incurred significant indebtedness and has not complied with certain covenants under its financing agreements. Failure to meet these obligations could adversely affect the business.
Key Strategies
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Focused investments to drive coverage and capacity expansion.
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Improve average revenue per user and customer retention.
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Focus on business services through Telco to Techco transformation.
Vodafone Idea Key Financials
Here are the key financials for Vodafone Idea Limited:
Particulars (in Rs. million)
Particulars (in Rs. million)
How to apply for IPO through ASBA
Kotak Securities
•04m 01s
How to apply for an IPO using UPI
Kotak Securities
•01m 19s
Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.
How To Apply for Vodafone Idea Ltd IPO?
Here are the steps to apply for Vodafone Idea Ltd IPO:
Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
Vodafone Idea Ltd FPO IPO FAQs
When is Vodafone Idea Ltd FPO IPO listing date?
Vodafone Idea Ltd FPO will list on 2024-04-25.
What is the issue size of Vodafone Idea Ltd FPO IPO?
18000.00 is the issue size of Vodafone Idea Ltd FPO IPO.
What is the minimum lot size required for Vodafone Idea Ltd FPO IPO?
The minimum lot size is 1298 shares and the investment required is ₹14278.
What is the price band of the Vodafone Idea Ltd FPO IPO?
The price band of Vodafone Idea Ltd FPO IPO is ₹10 to ₹11.
Where can I read more about Vodafone Idea Ltd FPO business?
You can read more about Vodafone Idea Ltd FPO and its IPO from the company’s red herring prospectus (RHP) here.
What is the Vodafone Idea Limited IPO?
The Vodafone Idea Limited IPO has an issue size of Rs. 18,000 crores. The IPO opens for subscription on 18th April 2024 and closes on 22nd April 2024.
Who is the Registrar for Vodafone Idea Limited IPO?
Link Intime India Private Limited is the registrar for this IPO.
Where can I read more about Vodafone Idea Limited’s business?
You may read more about Vodafone Idea Limited and its IPO from the company’s red herring prospectus (RHP) here:
