Vodafone Idea FPO (VI FPO)

About Vodafone Idea Ltd

Vodafone Idea Limited, also known as VI Limited, is a major telecommunications service provider in India, established in March 1995. The company offers a wide range of telecommunications services including voice, data, and various value-added services across 2G, 3G, and 4G network technologies. These services cater to both enterprise customers and individual consumers, encompassing options like short messaging and digital services.

As of the end of 2023, VI Limited boasts a substantial customer base with over 223 million subscribers, holding a 19.3% share of the subscriber market. The company’s network is robust, handling 401 billion voice minutes and transmitting 6,004 billion megabytes of data as of December 31, 2023.

Globally, Vodafone, under which VI Limited operates, provides mobile and fixed services to more than 300 million customers across 17 countries and engages in Internet of Things (IoT) partnerships in 45 countries, making it one of the largest IoT platforms worldwide.

The company has benefited from the longstanding expertise and brand strength of both Vodafone and Idea, each bringing over three decades of experience in the telecommunications industry. For the fiscal year 2023, VI Limited reported a total income of ₹424,885 million, with earnings of ₹321,256 million for the nine months ending December 31, 2023.

In India, VI Limited manages approximately 183,400 tower locations and offers broadband services to over 438,900 units, extending coverage to over a billion people. This extensive infrastructure supports an enhanced 4G coverage, which has expanded significantly since the merger of Vodafone and Idea.

The company also maintains a strong retail presence with around 2,300 branded stores in urban areas across India, covering over 95% of all districts. These include both company-owned and franchisee-operated stores.

As for its workforce, VI Limited employed 12,598 people across all operations by the end of 2023. This large team supports the company's extensive subscriber base and operational requirements, ensuring that VI Limited remains a key player in India’s competitive telecommunications sector.

Industry Outlook

1. India, the world's second-largest telecom market, boasts 1,158.49 million wireless subscribers, driven by rapid adoption and extensive reach in both urban and rural areas.
2. With an urban wireless teledensity of 122.78% and rural at 58.26%, India shows a stark contrast in connectivity penetration between urban wealth and rural accessibility.

VI Ltd FPO Details

VI Ltd FPO Dates

VI FPO is open from April 18, 2024, to April 22, 2024. The FPO will be listed on BSE, NSE.

VI Ltd FPO Price Band

VI is a book-built issue FPO. The price band is set at ₹10 to ₹11 per share.

VI Ltd FPO Lot Size

The lot size for VI Limited’s FPO is 1,298 shares with a minimum investment of ₹14,278.

VI Ltd FPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

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

Peer Details

The following are the listed peers of VI:

1. Bharti Airtel Limited
2. Reliance Jio Infocomm Limited

How To Check the Allotment Status of the VI Limited FPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the individual order details page of the FPO that you had applied for.
3. Check the FPO allotment status. As such, Angel One will notify you of your FPO allotment status via push notification, email and SMS.

Contact Details of VI Limited

Registered office: Suman Tower, Plot No. 18, Sector 11, Gandhinagar 382 011, Gujarat, India

Phone: +91 98246 34997

E-mail: shs@vodafoneidea.com