IPO

Vodafone Idea Ltd. IPO

Vodafone Idea Ltd., established in 1995, operates in the Telecommunications - Service sector. The company's IPO opened on April 18, 2024 and closed on April 22, 2024, with an issue price of ₹11. The ... Read more

Min Investment
₹ 14,278 / 1298 shares
Price Range
₹10 - ₹ 11
Bidding Dates
18 Apr '24 - 22 Apr '24
Total Issue Value
2,362.23 Cr
Lot Size
1,298
Total Issue Size
2,362.23 Cr
Listing At
BSE, NSE
Subscription
49.56 times
BSE Price
7.94 (-27.82%)
NSE Price
7.94 (-27.82%)

IPO Timeline

  • 18 Apr 2024
    Bidding Starts
  • 22 Apr 2024
    Bidding Ends
  • 23 Apr 2024
    Allotment Finalization
  • 25 Apr 2024
    Listing

About Vodafone Idea Ltd.

Through our pan India network, we offer voice, data, enterprise and other value-added services, including short messaging services and digital services across 2G, 3G and 4G technologies. We also offer connectivity services to enterprise customers. We hold active licenses for national long ... Read more

Parent organisation
Founded
Vodafone Idea Ltd.
1995

Vodafone Idea Ltd. IPO Reservation

Investors Category Shares Offered
Anchor Investors 2,14,74,83,647 (100%)
Non Institutional Investors 2,14,74,83,647 (100%)
Qualified Institutional Buyers (QIBs) 2,14,74,83,647 (100%)
Retail Individual Investors (RIIs) 2,14,74,83,647 (100%)

Vodafone Idea Ltd. Financial Information

Year End Revenue PAT Reserves & Surplus
31 Mar 2024 42,382.50 Cr -31,991.70 Cr -153,765.80 Cr
31 Mar 2023 42,187.80 Cr -29,159.50 Cr -122,522.30 Cr
31 Mar 2022 38,318.20 Cr -28,299.90 Cr -93,560.00 Cr

Vodafone Idea Ltd. Background

Our Company was incorporated as ‘Birla Communications Limited’, a public limited company under the Companies Act, 1956 with a certificate of incorporation issued by the Registrar of Companies, Maharashtra at Mumbai on March 14, 1995 and a certificate of commencement of business on ...

Read more

Major Events And Milestones
  • 1995
    • Incorporated as Birla Communications Limited
    • Obtained CMTS licenses for providing services in the Gujarat and Maharashtra circles
  • 1996
    Changed name to Birla AT&T Communications Limited
  • 1997
    Commenced commercial operations in the Gujarat and Maharashtra service areas
  • 2000
    Merger of Tata Cellular Limited with the Company, thereby acquiring original license for the Andhra Pradesh Circle
  • 2001
    • Acquired RPG Cellcom Limited and consequently the license for the Madhya Pradesh
    • Changed name to Birla Tata AT&T Limited
    • Obtained CMTS license for providing services in the Delhi circle
  • 2002
    • Changed name to Idea Cellular Limited and developed the “Idea” brand name
    • Commenced commercial operations in Delhi circle
  • 2004
    • Acquired Escotel Mobile Communications Limited
    • First cellular operator in India to commercially launch EDGE services
  • 2006
    • Became part of the Aditya Birla group subsequent to the TATA group transferring its entire shareholding in the Company to the Aditya Birla group
    • Acquired Escorts Telecommunications Limited
    • Obtained UASL for the Mumbai and Bihar circles
  • 2007
    Initial public offering by the Company
  • 2008
    • Obtained UASL for nine service areas
    • Acquired Spice Communications Limited with licences for operating service areas of Punjab and Karnataka
    • Preferential allotment of Equity Shares to TMI Mauritius Ltd., an affiliate of Axiata Group, aggregating to approximately ?72,945 million
  • 2009
    Became a pan-India operator
  • 2010
    Allotted 3G spectrum in 11 service areas in India
  • 2011
    Launched 3G services in 20 service areas through combination of home network and roaming arrangements
  • 2012
    Launched ISP services
  • 2014
    • Completed ‘Qualified Institutions Placement’ (QIP), aggregating to ₹30,000 million
    • Preferential allotment of Equity Shares to Axiata Investments 2 (India) Limited, an affiliate of Axiata Group aggregating to ?7,500 million
  • 2015
    Launched 4G services in 4 southern circles in December 2015.
  • 2016
    Expanded 4G services to 10 service areas
  • 2018
    • Preferential allotment to Promoters and Promoter Group aggregating to ?32,500 million
    • Completed ‘Qualified Institutions Placement’ (QIP), aggregating to ?35,000 million
    • Completed the merger of Vodafone India and VMSL with our Company
    • Name of the Company was changed from ‘Idea Cellular Limited’ to ‘Vodafone Idea Limited’
  • 2019
    • Completed a rights issue for an amount aggregating to ?249,998 million
    • Demerger and transfer of fibre undertaking held by the Company to our Company’s wholly owned subsidiary
    • Orders from Supreme Court to our Company and other telecom companies to pay AGR dues
  • 2020
    • Sold 11.15% stake in Indus Towers Limited at a consideration of ?37,642 million, pursuant to merger of Indus Towers Limited with Bharti Infratel Limited
    • Launch of new unified ‘Vi’ Brand
  • 2021
    • Acquired 23.6 MHz spectrum in 900 and 1800 MHz in certain service areas for aggregate value of ?19,934 million
    • Announcement of Telecom Reforms Package by the Government of India for the telecom sector addressing the structural, procedural and liquidity issues, arising due to the AGR judgment
  • 2022
    • Preferential allotment to our Promoters and Promoter Group for an amount aggregating to ?45,000 million
    • Acquired 6,237 MHz spectrum across 2,100 MHz, 2,500 MHz, 3,300 MHz and 26 GHz in the 5 Spectrum Auction for an aggregate value of ?187,836 million
    • Preferential allotment of convertible warrants to our Promoter for an amount aggregating to ?4,362 million
  • 2023
    • Conversion of convertible warrants issued to our Promoter to equity shares for an amount aggregating to ?4,362 million
    • Issuance of OCDs to ATC Telecom Infrastructure Private Limited for an amount aggregating to ?16,000 million
    • Issued equity shares aggregating to ?161,332 million representing 33.1% of equity capital of the Company to Government of India pursuant to conversion of loan representing NPV of the interest related to deferment of spectrum auction instalments and AGR dues into equity shares
Vodafone Idea Ltd. Object of Issues

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

Vodafone Idea Ltd. IPO Listing Details
Listing Date
25 Apr 2024
BSE Script Code
532822
NSE Symbol
IDEA
ISIN
INE669E01016
Final Issue Price
₹ 11
Vodafone Idea Ltd. Company Promoters

1. Kumar Mangalam Birla
2. Hindalco Industries Limited
3. Grasim Industries Limited
4. Birla TMT Holdings Private Limited
5. Vodafone International Holdings B.V.
6. Al-Amin Investments Limited
7. Asian Telecommunication Investments (Mauritius) Limited
8. CCII (Mauritius), Inc.
9. Euro Pacific Securities Ltd
10. Vodafone Telecommunications (India) Limited
11. Mobilvest
12. Prime Metals Ltd
13. Trans Crystal Ltd
14. Omega Telecom Holdings Private Limited
15. Usha Martin Telematics Limited

Industry Overview

The mobile telecommunications industry is an integral part of the Indian economy and has contributed to the economic growth and the GDP of the country. The mobile telecommunications industry in India is divided into 22 service areas – three metro service areas, and 19 other service areas. ... Read more

Vodafone Idea Ltd. Contact Details
Address: Suman Tower, Plot No. 18, Sector-11, Gandhinagar Gujarat - 382011
Phone no:66714000
66714000
|
Vodafone Idea Ltd. IPO Registrar
Link Intime India Private Limited
C-101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai Maharashtra - 400083
49186200
Vodafone Idea Ltd. IPO Lead Manager(s)
Jefferies India Pvt. Ltd.
16th Floor, Express Towers, Nariman Point, Mumbai Maharashtra - 400021
4356600

FAQs

When does Vodafone Idea Ltd. IPO opens and closes?

Vodafone Idea Ltd. IPO opens from 18th April to 22nd April 2024.

What is the size of Vodafone Idea Ltd. IPO?

The size of the Vodafone Idea Ltd. IPO is ₹2,362.23 Cr.

What is the price range of Vodafone Idea Ltd. IPO?

The price range of Vodafone Idea Ltd. IPO is at ₹10 to ₹11 per share.

What is the minimum investment and lot size required for the Vodafone Idea Ltd. IPO?

The minimum investment required is ₹14,278 and minimum lot size is 1298 shares.

When is Vodafone Idea Ltd. IPO listing date?

The Vodafone Idea Ltd. IPO will be listed on 25th April 2024.

What is the objective of Vodafone Idea Ltd. IPO?

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

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article

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