Vodafone Idea Ltd IPO
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Vodafone Idea Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 1,63,636.36 L | TBA | ₹ 57,272.73 L | ₹ 2,01,441.76 L | BSE | ₹ 18000 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 12 Feb, 07 | 15 Feb, 07 | 90 | ₹ 900 | Book Building | 09 Mar, 07 |
Vodafone Idea Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Telecommunications - Service Provider |
| Sub Sector | NA |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 7.73x | 8181818182 | 63210538776 |
| NII | 4.54x | 2454545455 | 11144535842 |
| Retail | 1.01x | 5727272727 | 5767857700 |
| Employee | 0x | 0 | 0 |
| Total | 4.9x | 16363636363 | 80122932318 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Vodafone Idea Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 42,572.70 | 42,142.60 | 38,498.40 |
| EBITDA | 13,562.40 | 15,416.60 | 17,477.80 |
| PAT | -31,236.20 | -29,307.80 | -28,237.20 |
| Total Assets | 16,579.50 | 18,119.00 | 21,357.50 |
| Share Capital | 50,119.80 | 48,679.70 | 32,118.80 |
| Total Borrowings | 18,039.40 | 23,284.70 | 25,955.00 |
| Operating Activities (Net Cash) | -9,247.90 | -6,945.60 | -5,379.70 |
| Investing Activities (Net Cash) | -17,862.90 | -17,655.20 | -37.80 |
| Financing Activities (Net Cash) | 18,039.40 | 23,284.70 | 25,955.00 |
| Net Cashflow | 453.90 | 771.60 | 3,378.20 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Vodafone Idea Ltd
Vodafone Idea Limited was incorporated as `Birla Communications Limited', a public limited company under the Companies Act, 1956 with a certificate of incorporation issued by the Registrar of Companies, Maharashtra at Mumbai on March 14, 1995 and a certificate of commencement of business on August 11, 1995. Pursuant to a joint venture agreement dated December 5, 1995 between AT&T Corporation and Grasim Industries Limited, the name of the Company was changed to `Birla AT&T Communications Limited' and a fresh certificate of incorporation was issued by the Registrar of Companies, Maharashtra at Mumbai on May 30, 1996. The name of the Company was subsequently changed to `Birla Tata AT&T Limited' and a fresh certificate of incorporation was issued by the RoC on November 6, 2001 pursuant to a shareholders agreement dated December 15, 2000 entered into between Grasim Industries Limited on behalf of the Aditya Birla group, Tata Industries Limited on behalf of the TATA Group and AT&T Wireless Services Inc. on behalf of the AWS Group which replaced the joint venture agreement between AT&T Corporation and Grasim Industries Limited. Further, pursuant to the introduction of the Idea brand, the name of the Company was changed to dea Cellular Limited' and a fresh certificate of incorporation was issued by the RoC on May 1, 2002. Thereafter, pursuant to amalgamation of VMSL and Vodafone India with the Company, the name of the Company was changed to its present name `Vodafone Idea Limited', and a fresh certificate of incorporation was issued by the RoC on August 31, 2018.
The mobile telecommunications industry is an integral part of the Indian economy and has contributed to the economic growth and the GDP of the country. The mobile telecommunications industry in India is divided into 22 service areas - three metro service areas, and 19 other service areas. These other service areas are further categorized into circles based on the relevant degree of affluence, infrastructure development and revenue potential across each service area. Furthermore, mobile broadband is the primary medium to access internet in India, and penetration of smartphones in India has been increasing.
Through its pan India network, the company offers voice, data, enterprise and other value-added services, including short messaging services and digital services across 2G, 3G and 4G technologies. The Company also offers connectivity services to enterprise customers. The Company holds active licenses for national long distance, international long distance, internet service provider and registration for infrastructure provider (IP-1) services. The Company carries inter-service area voice traffic and incoming and outgoing international voice traffic on its network, which is facilitated through interconnections with its active licenses. Its Promoters are part of the Aditya Birla group and the Vodafone group.
Peer Comparison:
- Bharti Airtel Ltd
- Bharti Hexacom Ltd
- Reliance Jio Infocomm Ltd
Vodafone Idea Ltd IPO Key Points
Strengths
- Large subscriber base.
- Extensive telecommunication network.
- Existing network built on 5G-ready architecture.
- Large enterprise customer base with longstanding relationships.
- Extensive distribution and service network.
Risk
- The audit and review reports of the statutory auditors of the Company contain a paragraph on material uncertainty relating to going concern. There can be no assurance that any similar observations or remarks will not form part of the financial statements of the Company, or that such remarks will not affect its financial condition.
- If the company does not continue to provide telecommunications or related services that are technologically up to date or keep up with changing consumer preferences, its may not remain competitive, and the company's business, prospects, results of operations and cash flows may be adversely affected.
- The company requires significant capital to fund its capital expenditure and working capital requirements and if the company is unable to raise additional capital, its business, results of operations, financial condition and cash flows could be adversely affected.
Strategy
- Focused Investments to Drive Coverage and Capacity Expansion.
- Its Initiatives to Improve its Average Revenue Per User and Customer Retention.
- Focus on Business Services through Telco to Techco Transformation.
- Strategic Collaborations to Monetize Digital Opportunities.
- Large subscriber base.
- Extensive telecommunication network.
- Existing network built on 5G-ready architecture.
- Large enterprise customer base with longstanding relationships.
- Extensive distribution and service network.
How To Apply for Vodafone Idea Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.