Vodafone Idea Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Vodafone Idea

CMP

16.73

+0.66 (4.11%)

  • DRHP
₹11

Offer Price

₹ 18,000.00 Cr

Issue Size

₹ 14,278

Min Investment

6.36x

Times Subscribed

1,298

Lot size

Time Line

  • 18
    Apr 2024
    Open
  • 22
    Apr 2024
    Close
  • 23
    Apr 2024
    Finalisation of Basis of Allotment
  • 24
    Apr 2024
    Initiation of Refunds
  • 24
    Apr 2024
    Transfer of Shares to Demat Account
  • 25
    Apr 2024
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • 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.

Products & Services

  • Vodafone Idea Limited 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.

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.

Risks

  • 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.

  • The Company has incurred significant indebtedness and has not complied with certain covenants under its financing agreements. Its inability to meet the company obligations, including financial and other covenants, under its debt financing arrangements could adversely affect its business, results of operations, financial condition and cash flows.

  • Its telecommunication licenses and spectrum allocations are subject to terms and conditions, ongoing review and varying interpretations, each of which may result in modification, suspension, early termination, expiry on completion of the term or additional payments.

Company Promoters

Promoters Holding

Issue For IPO
40.06%
Pre Holding

40.06%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2021 Mar-2022 Mar-2023 3-Yr trend
Revenue 41,952.20 (-) 38,515.50 (-8.20%) 42,177.20 (9.50%)
Gross Profit 41,952.20 (-) 38,515.50 (-8.20%) 42,177.20 (9.50%)
Net Income 41,952.20 (-) 38,515.50 (-8.20%) 42,177.20 (9.50%)
Assets 41,952.20 (-) 38,515.50 (-8.20%) 42,177.20 (9.50%)
Liabilities 41,952.20 (-) 38,515.50 (-8.20%) 42,177.20 (9.50%)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Vodafone Idea Ltd 42,177.20 -29,301.10 170,634.70 244,993.80 0.00 -6.02 -15.28 0.38 1.39
Bharti Airtel Ltd 139,144.80 8,345.90 446,633.20 446,633.20 9.19 14.57 210.95 1.86 1.82
Bharti Hexacom Ltd 6,579.00 549.20 18,252.90 18,252.90 13.04 21.97 168.38 3.00 1.49
Reliance Jio Infocomm Ltd 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Book Running Managers

  • Axis Capital Ltd
  • Jefferies India Pvt Ltd
  • SBI Capital Markets Ltd

Registrar & Transfer Agent

Link Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

Suman Tower Plot No 18,
Sector - 11,
Gandhinagar - 382011
Phone : +91 98246 34997 Email : shs@vodafoneidea.com www.myvi.in

Offer Related Information

Further public offering of 16,363,636,363* equity shares of face value of Rs. 10 each ("Equity Shares") of Vodafone Idea Limited ("Company") for cash at a price of Rs. 11 per equity share (including a premium of Re. 1 per equity share) ("Offer Price") aggregating to Rs. 18000.00 crores* by way of a fresh issue (the "Offer"). The offer constitutes 24.61% of the post-offer paid-up equity share capital of the company. The face value of equity shares is Rs. 10 each. The offer price is 1.10 times... More

News

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