About Vodafone Idea Limited FPOIncorporated in 1995, and amalgamated with Vodafone India in 2018, Vodafone Idea Limited is the third largest telecommunications service provider in India and the sixth largest cellular operator globally. As of 31 December 2023, it held a market share of 19% in the Indian mobile telecommunications services industry with 223 million subscribers. It provides voice, data, enterprise, short messaging, and digital services pan India and holds licences for national long distance, international long distance, internet service provider, and registration for infrastructure provider services. As of Q3 FY24, the company has ~183,400 unique tower locations and over 4.38 lakh broadband (3G and 4G) sites. Additionally, its mobile network reaches more than 4,87,000 towns and villages in India, with broadband services in more than 3.42 lakh towns and villages. All its products and services are offered under the Vi brand, promoted by the Aditya Birla group and the Vodafone group. The Aditya Birla group is a leading business conglomerate globally, as well as in India, and the Vodafone group is the largest pan-European and African telecommunications company. The company saw a CAGR rise of 0.18% in its revenue from operations between FY21 and FY23, and 0.82% between Q3 FY23 and Q3 FY24. However, the 4G/5G subscribers are expected to rise from 66% of the population to 81% of the population between Dec’23 and Dec’28, which could benefit the company. And now, Vodafone Idea Limited is coming out with its follow on public offer (FPO). The FPO will be a fresh issue and the money will be utilised for the purchase of equipment required to expand the network infrastructure, payment of deferred payments, and for general corporate purposes. Its shares will be listed on the NSE and BSE. Here are key details about the Vodafone Idea Limited FPO:
Financial snapshot
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Here’s a quick look at Vodafone Idea Limited FPO’s strengths, weakness, opportunities and risks (SWOT analysis)Strengths and opportunities
Risks and threats
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Vodafone Idea Limited FPO details| Vodafone Idea Limited FPO dateAccording to the offer document filed by the company with the SEBI, the Vodafone Idea FPO’s opening date – in other words, the Vodafone Idea FPO launch date – will be 18th April 2024. The Vodafone Idea FPO closing date is 22nd April 2024. After this, investors will be updated about the allotment status on 23rd April 2024. Investors, who have been allotted shares, can expect them to be credited to their demat account on 24th April 2024. The Vodafone Idea FPO listing date is 25th April 2024. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. | Vodafone Idea Limited FPO Price BandThe FPO is a fresh issue. The Vodafone Idea FPO price band has been set between ₹10 and ₹11 per share. Interested investors can choose a price within this band to apply for the FPO. The Vodafone Idea FPO listing price will be determined on 25th April 2024. The listing price is the price at which a company’s shares debut on the stock exchanges. | Vodafone Idea Limited FPO Lot size The Vodafone Idea FPO details have been declared. The Vodafone Idea FPO lot size is set at 1298 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the Vodafone Idea FPO issue size is approx ₹18,000 crore. |
How to pre-apply for the Vodafone Idea Limited FPO?You can pre-apply for the Vodafone Idea Limited FPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription. Follow these steps to pre-apply for the IPO:
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How to apply for the Vodafone Idea Limited FPO?If you are interested in this investment opportunity but unsure how to apply for the Vodafone Idea Limited FPO, here we are listing out the steps for you. When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Vodafone Idea Limited FPO on Upstox:
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How to check the Vodafone Idea Limited FPO allotment status?When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. Here’s a step-by-step guide on how to check the Vodafone Idea Limited FPO allotment status:
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Open a demat account with Upstox to apply for the Vodafone Idea Limited FPOTo apply for the Vodafone Idea Limited FPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app. Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
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Upstox – trading app to apply for the Vodafone Idea Limited FPOApplying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. You can apply for the Vodafone Idea Limited FPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy. |
Pre-applying for the Vodafone Idea FPO means applying for this public issue before it goes live. Click here to pre-apply for the Vodafone Idea FPO on Upstox.
You can pre-apply for the Vodafone Idea FPO from 16 April 2024. Once the FPO goes live, you will receive a UPI mandate. Accept this to block the FPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the Vodafone Idea FPO opens for the subscription.
The Vodafone Idea FPO launch date is 18th April 2024. The Vodafone Idea FPO will be open for subscription till 22nd April 2024.
The Vodafone Idea lot size is 1298 shares and the minimum investment required is ₹12,980
The Vodafone Idea FPO price band is ₹10 – ₹11 per share.
The size of the Vodafone Idea FPO is approx. ₹18,000 crore.
You can place up to three bids for an application.
No, the bids have to be placed in one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on 24th April 2024.
Vodafone Idea shares will be on NSE and BSE.
Vodafone Idea shares’ listing date is 25th April 2024.