Vodafone Idea Limited is one of the leading telecom operators in India. It announced its plans for a Follow-on Public Offering (FPO) to raise funds. Vodafone Idea FPO or VI FPO subscribing will be open on April 18, 2024 and closed on April 22, 2024. It is the right time to invest in the Vodafone Idea FPO. Vodafone Idea FPO is a build issue of Rs 18,000 crores and the issue is entirely a fresh issue of 1636.36 crores shares. This will be India’s biggest FPO release done by the Vodafone Idea. They are going to surpass Yes Bank with 15000 crore shares, in July 2020 Adani Enterprises with 20000 crore in February 2023. Now, Vodafone Idea FPO is going to be the highest number of shares for the investor.
VI FPO Details-
| Parameter | Details |
|---|---|
| IPO Date | April 18, 2024 to April 22, 2024 |
| Allotment Date | April 25, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹10 to ₹11 per share |
| Lot Size | 1298 Shares |
| Total Issue Size | 16,363,636,363 shares (aggregating up to ₹18,000.00 Cr) |
| Fresh Issue | 16,363,636,363 shares (aggregating up to ₹18,000.00 Cr) |
| Issue Type | Book Built Issue FPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 50,119,820,375 |
| Shareholding post issue | 66,483,456,738 |
About Vodafone Idea Limited
Vodafone Idea Limited is one of the largest telecommunication companies in India. It is a merger between Vodafone India and Idea Cellular in August 2018. Now, this VI company operates one of the world’s largest and most competitive telecom markets and serves millions of customers around the country. They provide a wide range of telecom services like voice, data and digital services with 2G, 3G, 4G services. The company operates in all 22 telecom circles in India and competes with other major telecom operators in the market.
What is the objective of the issue VI FPO?
Vodafone Idea is facing financial challenges to stand in the highly competitive telecom sector in India. Most of the companies issue FPO to raise the capital by selling equity shares to the investor. VI also aim to raise funds through the FPO for financial support to reduce its debt burden, invest in network infrastructure, and improve its competitive position in the telecom market. The company is going to use funds raised from the FPO to meet operational expenses and for general corporate purposes. Let’s know key objectives of the Vodafone Idea FPO:
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Debt Reduction: One of the primary objectives of the FPO is to reduce the company’s debt burden, which has been a major concern due to intense competition and regulatory challenges in the telecom sector. They will use the funds for payment of certain deferred payments.
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Network Expansion and Upgradation: Vodafone Idea intends to use the FPO funds to invest in the expansion and upgradation of its network infrastructure around the country. They are planning to roll out 4G services in key markets. They will work network infrastructure like setting up the new 4G sites, expanding the existing 4G sites and setting up new 5G sites in India.
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Strengthening Financial Position: By raising capital through the FPO, Vodafone Idea aims to strengthen its financial position and improve its ability to compete effectively in the telecom market.
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General corporate purpose: The raise funds through FPO will also be used for the general corporate purpose internally in the company.
How To Invest In Vodafone Idea FPO?
The subscription will be live on April 18, 2024. If you want to invest in the Vodafone Idea FPO, then save this date.
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Open a Demat Account with a registered stockbroker or a depository participant. Make sure you have enough funds in your account.
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On 18 April 2023, you can participate in the FPO process through your broker or online trading platform. Follow the instructions provided for bidding and placing your order.
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Also, keep track of the updates related to the FPO. Stay informed about any changes and news.
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If you get an allotment, shares will be reflected in your account. If you do not get an allotment, then your amount will be released.
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For better suggestions, consult a financial advisor or investment professional for buying the Vodafone Idea FPO.
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FAQs:-
1. What is the Vodafone Idea FPO?
– The Vodafone Idea FPO, or Follow-on Public Offering, is a method for Vodafone Idea Limited to raise capital by issuing fresh shares to the public.
2. When is the Vodafone Idea FPO taking place?
– The VI FPO subscription period is from April 18, 2024, to April 22, 2024.
3. What is the lot size for the Vodafone Idea FPO?
– The lot size for the VI FPO is 1298 shares.
4. What is the price band for the Vodafone Idea FPO?
– The price band for VI FPO is set at ₹10 to ₹11 per share.
5. What is the total issue size of the Vodafone Idea FPO?
– The total issue size for the VI FPO is 16,363,636,363 shares, aggregating up to ₹18,000.00 crores.
6. What are the objectives of the Vodafone Idea FPO?
– The objectives include debt reduction, network expansion, strengthening financial position, and general corporate purposes.
7. How can I invest in the Vodafone Idea FPO?
– To invest in the VI FPO, you need to open a Demat account with a registered stockbroker or depository participant and participate in the subscription process during the allotted dates.
8. What happens if I do not get an allotment in the Vodafone Idea FPO?
– If you do not receive an allotment, the amount you bid will be refunded to your account.
9. What is the listing status of the Vodafone Idea FPO?
– The Vodafone Idea FPO shares will be listed on both BSE and NSE.
10. Where can I find more information about the Vodafone Idea FPO?
– You can refer to the official documents and announcements released by Vodafone Idea Limited or consult with a financial advisor for detailed guidance on investing in the VI FPO.