Vodafone Idea FPO, GMP, Price Range, Details and More

Vodafone Idea FPO Will Open On 18-04-2024 and end on 22-04-2024. Vodafone Idea FPO Price Range is ₹10-₹11 and the Lot Size is 1298 shares per lot. The Minimum Bid Price is ₹10 and the Minimum Investment of ₹12,980 For one lot and the Maximum Bid Price Is ₹11 and the maximum investment of ₹14,278 for one lot.

Vodafone Idea FPO Issue Size is ₹18,000(Cr). Regular Retail Investors can invest up to Rs 2,00,000 and High Networth Individuals can Invest Up to Rs 5,00,000 in Vodafone Idea Limited FPO. The allotment date of Vodafone Idea FPO is 23 April 2024. Vodafone Idea FPO to be listed on April 25, 2024.

Vodafone Idea FPO Issue Size

The Issue Size of VI FPO is ₹18,000(Cr). Vodafone Idea FPO could be India’s biggest FPO. if it is successful

Vodafone Idea FPO Price Range

The Price Range of Vodafone Idea FPO is ₹10-₹11.

Vodafone Idea FPO GMP

As of 22 April 2024, Vodafone Idea FPO GMP is ₹1.15.

Vodafone Idea FPO Subscription Status

Particulars	Subscription Rate
Qualified Institutional buyers	0.94x
Non-Institutional Investor	1.40x
Retail Individual Investors	0.29x
Total	0.72x

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Vodafone Idea FPO Expected Return on Listing Day

Expected Returns On The Listing Day of Vodafone Idea FPO is 10% and the Price Prediction of Vodafone Idea Share Is ₹11 to ₹12.

VI FPO Listing Date

The allotment date of Vodafone Idea FPO has been kept as 23rd April 2024 and the listing date of Vodafone Idea FPO is 25th April.

Vodafone Idea Limited Financials

Revenue: The company’s revenue in 2023 was ₹41,917.10(Cr), and in 2022 the revenue was around ₹38,220.70(Cr) crore, in 2021, Vodafone Idea’s revenue was around ₹41,672.70(Cr).

Profit: The Company’s Profits In 2023 were ₹-29,307.80(Cr) and In 2022 Profit was ₹-28,237.20 (Cr) and Vodafone Idea made a loss of Rs -46,293.70 crore in 2021.

Assets Information: The assets of the company in 2023 were ₹2,07,273.09 (Cr), and in 2022, the company’s assets were ₹1,93,931.41 (Cr), or in 2021, its assets were ₹2,03,131.41 (Cr).

Why is Vodafone Idea launching its FPO?

Vodafone Idea Limited (VIL) is Launching its FPO to expand its existing 4G network To New Sites and launch 5G network services In India. Vodafone Idea Limited’s biggest competitors in India are Bharti Airtel and Reliance JIO, which have already launched their 5G services in India and many customers are also using their services. Link Intime India Private Ltd is the Vodafone Idea FPO registrar.

Vodafone Idea Limited is also under the burden of debt. With the help of this FPO, they will reduce their debt. Vodafone Idea has outstanding dues from the Department of Telecommunications (DoT) for spectrum auction. If this FPO succeeds, the debt burden of Vodafone Idea can be reduced, and Vodafone Idea can also see 5G network services.

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