Vodafone Idea FPO (Image Source: iStockphoto)
Vodafone Idea Limited (VI) is set to launch its Follow-on Public Offering (FPO), valued at an impressive Rs 18,000 crore. The FPO, exclusively comprising fresh issues, will introduce 1,636.36 crore new shares into the market.
Vodafone Idea FPO Subscription Window
The bidding window opened on April 18, 2024, and closed on April 22, 2024.
Vodafone Idea FPO Listing Date
Following the allotment process, VI’s shares are scheduled to be listed on both the BSE and NSE on April 25, 2024.
Vodafone Idea FPO Price Band and Lot Sizes
The investors have the opportunity to subscribe to VI FPO shares within a price band of Rs 10 to Rs 11 per share. The minimum lot size for applications is set at 1,298 shares. Retail investors are required to invest a minimum of Rs 14,278, while qualified institutional buyers (QIBs) and non-institutional investors (NIIs) have their respective lot size requirements.
Vodafone Idea FPO Allocation Breakdown
Of the total shares offered, 20 per centare allocated to QIBs, 15 per cent to NIIs, 35 per cent to retail individual investors (RIIs), and 30 per cent to anchor investors. RIIs, in particular, will receive a minimum of 1,298 shares each, with provisions in place for oversubscription scenarios.
How Can You Check the FPO Allotment Status Online via the BSE website:
The FPO allotment status can simply be checked on the Bombay Stock Exchange (BSE) website.
Here is your quick guide.
To check Vodafone Idea FPO allotment status on BSE, applicants can follow specific steps on the official BSE website, entering their application number and PAN details.
–Visit the official BSE website at bseindia.com/investors/appli_check.aspx.
–Choose the option for Vodafone Idea FPO.
–Provide your PAN details as required.
–Complete the captcha by clicking on ‘I’m not a robot’.
–Finally, click the ‘Submit’ button to retrieve the allotment status
Key Players and Market Position
Axis Capital Limited, Jefferies India Private Limited, and SBI Capital Markets Limited serve as the book running lead managers for the VI FPO, with Link Intime India Private Ltd appointed as the issue’s registrar. Vodafone Idea Limited, established in March 1995, is a prominent telecommunications service provider in India, catering to a vast subscriber base with voice, data, and value-added services across multiple technologies.
As of December 31, 2023, VI boasted over 223.0 million subscribers, holding a substantial market share of 19.3 per cent. Its robust network facilitated billions of voice minutes and data usage, solidifying its position as a key player in India’s telecommunications landscape. Moreover, VI’s global presence extends to servicing millions of customers in multiple countries and collaborating on Internet of Things (IoT) initiatives worldwide
