Vodafone Idea Limited
Book Built Issue IPO · NSE, BSE
- Price band
- ₹10 - ₹11
- Lot size
- 1,298 shares
- Issue amount
- ₹18,000 cr
- Total subscription
- 6.99×
- Opens
- 18 Apr 2024
- Closes
- 22 Apr 2024
- Allotment
- 23 Apr 2024
- Listing
- 25 Apr 2024
Offer at a glance
Issue overview
- Issue size
- 16,36,36,36,363 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹12,980
- Fresh issue
- ₹18,000 cr
- Offer for sale
- ₹0 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,278
- Issue type
- Book Built Issue IPO
- Shares before issue
- 50,11,98,20,375
- Shares after issue
- 66,48,34,56,738
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,298 | ₹14,278 |
| sHNI | 15 | 19,470 | ₹2,14,170 |
| bHNI | 71 | 92,158 | ₹10,13,738 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 3,600 | 69,531.59 |
| RETAIL | 6,300 | 6,340.25 |
| NIB | 2,700 | 12,258.28 |
| HNIs 2+ | 900 | 1,395.1 |
| HNIs 10+ | 1,800 | 10,863.18 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Company information
Company profile
Founded in March 1995, Vodafone Idea Limited is a major telecom company serving both businesses and consumers across India. It offers a wide range of voice, data, and digital services on 2G, 3G, and 4G networks, including messaging and value-added features. As of December 31, 2023, the company has over 223 million subscribers, holding a 19.3% market share. With a vast network handling 401 billion voice minutes and 6,004 billion MB of data, Vodafone Idea plays a key role in India’s telecom industry. Backed by the combined expertise of Vodafone and Idea, the company reported a total income of ₹424,885 million for FY2023, with ₹321,256 million earned in the first nine months of the year. It operates around 183,400 tower locations and provides broadband services to over 438,900 units, covering more than a billion people across India. To ensure easy access to its services, 2,300 branded urban stores are spread across the country, covering over 95% of all districts. Supported by a dedicated workforce of 12,598 employees, Vodafone Idea continues to innovate and expand its services, reinforcing its position as a leading telecom provider in India.
Strengths
- Strong Market Presence and Subscriber Base: and Vodafone Idea Limited is India’s third-largest telecom operator with over 223 million subscribers and a 19.3% market share.
- Extensive Network Coverage: and the company owns 8,005.2 MHz spectrum and a 298,000 km fiber network supporting 2G, 3G, 4G, and future 5G services.
- 5G-Ready Technology: and with over 90% of its TDD 2500 MHz equipment already 5G-ready, Vodafone Idea is prepared for advanced Massive MIMO, ORAN, and E-band–based next-gen connectivity.
Risk factors
- Financial Challenges and Debt Obligations: and Vodafone Idea faces high debt levels, compliance issues with financing agreements, and delayed payments to vendors, which may affect cash flow, relationships, service quality, and network expansion.
- Outstanding Payables and Capital Expenses: and the company has large trade payables, capex dues, and lease liabilities that could create liquidity pressure, strain supplier relationships, and cause operational disruptions if not managed well.
- Competitive and Regulatory Pressures: and intense competition and strict telecom regulations may impact Vodafone Idea’s market share, revenue, and profitability, while new policies or industry changes could add further financial and operational challenges.
Promoters
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
Usha Martin Telematics Limited
Registrar & documents
Lead manager
Axis Capital Limited, Jefferies India Private Limited, SBI Capital Markets Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Suman Tower, Plot No. 18, Sector 11, Gandhinagar -382011
+91 98246 34997
[email protected]Company website ↗Understanding IDEA IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.