Vodafone Idea Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Vodafone Idea Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹11
Per ShareLot Size
1298 Shares
Minimum Investment
₹14,278
Issue Size
₹18,000 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Vodafone Idea Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
40.06%
Issue Type
Book Building
ISIN
INE669E01016
About the Company
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.
Industry Overview
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.
Company History
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.
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.
Growth 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.
Customer Base
Wholesalers and Retailers
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
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 the face value of equity shares. *Subject to finalisation of the basis of allotment.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- 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.
- 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.