The Vodafone Idea FPO commenced on April 18, 2024, and concluded on April 22, 2024. The allotment of shares took place on April 23, 2024, and the initiation of refunds began on April 24, 2024. The shares were credited to the demat accounts of investors on April 24, 2024. Finally, the listing of Nimbark on the stock exchange occurred on April 25, 2024.
The Vodafone Idea FPO was priced at ₹10 to ₹11 per share, with a lot size of 1298 shares. The total issue size was ₹18,000 crores, comprising a fresh issue of ₹18,000 crores. The IPO was listed on both the NSE and BSE.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
Vodafone Idea FPO Basic Details
| Company Name | Vodafone Idea Limited |
| Domain of Company | Telecom Company |
| Vodafone Idea FPO GMP Today | ₹1.5 |
| Vodafone Idea FPO Listing Gain | 13.64% |
| Vodafone Idea FPO Open Date | April 18, 2024 |
| Vodafone Idea FPO Close Date | April 22, 2024 |
| Vodafone Idea FPO Allotment Date | April 23, 2024 |
| Vodafone Idea FPO Listing Date | April 25, 2024 |
| Face Value | ₹10 per share |
| Price | ₹10 to ₹11 per share |
| Lot Size | 1298 Shares |
| Issue Size | 16,363,636,363 shares of ₹10 (aggregating up to ₹18,000.00 Cr) |
| Fresh Issue | 16,363,636,363 shares of ₹10 (aggregating up to ₹18,000.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Company 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 and Usha Martin Telematics Limited |
Vodafone Idea FPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹1.5 | 13.64% | – | – |
| 16 April 2024 | ₹1.5 | 13.64% | – | – |
Vi FPO Details:
Founded in March 1995, Vodafone Idea Limited is a leading telecommunications service provider in India, offering a range of services including voice, data, and various value-added services using 2G, 3G, and 4G technologies. These services include text messaging and digital solutions tailored for both businesses and individual consumers.
As of the end of 2023, Vodafone Idea boasted a subscriber base of over 223 million people, capturing a 19.3% share of the market. The company’s networks handled 401 billion minutes of voice calls and delivered 6,004 billion MB of data throughout the year.
Additionally, Vodafone Idea is a major player in the global market, offering mobile and fixed services to more than 300 million customers across 17 countries, and participating in Internet of Things (IoT) partnerships in 45 countries.
With a robust brand that builds on more than thirty years of expertise from both Vodafone and Idea, the company reported a total income of ₹424,885 million for the fiscal year 2023, with ₹321,256 million recorded in the first nine months.
By the end of December 2023, the company maintained 183,400 tower locations across India and provided broadband services to approximately 438,900 units, thereby extending coverage to over a billion individuals. Following its merger, Vodafone Idea expanded its 4G coverage to effectively serve an even larger population.
The company operates a vast network of 2,300 branded urban stores throughout India, covering over 95% of all districts. These stores include both company-owned and franchise-operated locations.
Finally, as of December 31, 2023, Vodafone Idea employed a total of 12,598 staff members across all of its operations.
Vodafone Idea FPO More Details Click Here
Vodafone Idea FPO FAQs
When is Vodafone Idea FPO open?
Vodafone Idea FPO will open on 18 April 2024.
When is Vodafone Idea FPO Close?
Vodafone Idea FPO will be closed on 22 April 2024.
What is Vodafone Idea FPO GMP Today?
The Vodafone Idea FPO GMP aka Grey Market Premium is ₹1.5.
What is Vodafone Idea FPO Kostak Rates Today?
The Vodafone Idea FPO Kostak Rate is ₹000.
What is Vodafone Idea FPO Subject to Sauda Price Today?
The Vodafone Idea FPO subject to sauda rates is ₹000.
Vodafone Idea FPO Expected Returns?
The Vodafone Idea expected return is 13.64%.
How much will be the listing gain in Vodafone Idea FPO?
Vodafone Idea FPO will get listing gain of 13.64%. (Approx.)
