The Vodafone Idea FPO started on April 18, 2024, and ended on April 22, 2024. Shares were allocated on April 23, 2024, and refund processes began on April 24, 2024. On April 24, 2024, the shares were credited to investors demat accounts. Nimbark was officially listed on the stock exchange on April 25, 2024.
During the IPO, Nimbark offered shares at a price range of ₹10 to ₹11 per share, and the lot size was 1298 shares. The total issue size was ₹18,000 crores, with ₹18,000 crores from new shares. The IPO was listed on both the NSE and BSE SME.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Vodafone Idea FPO Subscription Update Video
Vodafone Idea FPO Subscription Status
The Vodafone Idea FPO on April 22, 2024 was subscribed 6.99 times, with the retail category being subscribed 1.01 times, the NII (Non-Institutional Investor) category being subscribed 4.54 times, the QIB (Qualified-Institutional Buyers) category being subscribed 19.31 times.
| Category | Subscription |
| QIB | 19.31x |
| NII | 4.54x |
| Retail | 1.01x |
| Total | 6.99x |
Vi FPO Basic Details
| Company Name | Vodafone Idea Limited |
| Domain of Company | Telecom Company |
| Vodafone Idea FPO Open Date | April 18, 2024 |
| Vodafone Idea FPO Close Date | April 22, 2024 |
| Vodafone Idea FPO Allotment Date | April 23, 2024 |
| Vodafone Idea FPO Listing Date | April 25, 2024 |
| Face Value | ₹10 per share |
| Price | ₹10 to ₹11 per share |
| Lot Size | 1298 Shares |
| Issue Size | 16,363,636,363 shares of ₹10 (aggregating up to ₹18,000.00 Cr) |
| Fresh Issue | 16,363,636,363 shares of ₹10 (aggregating up to ₹18,000.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Company Promoters | Kumar Mangalam Birla, Hindalco Industries Limited, Grasim Industries Limited, Birla TMT Holdings Private Limited, Vodafone International Holdings B.V., Al-Amin Investments Limited, Asian Telecommunication Investments (Mauritius) Limited, CCII (Mauritius), Inc., Euro Pacific Securities Ltd, Vodafone Telecommunications (India) Limited, Mobilvest, Prime Metals Ltd, Trans Crystal Ltd, Omega Telecom Holdings Private Limited and Usha Martin Telematics Limited |
About Vodafone Idea Limited
Established in March 1995, Vodafone Idea Limited is a big player in the telecom scene in India. They offer services like calls, internet, and extras like messaging and digital features for both regular folks and businesses, using 2G, 3G, and 4G technologies.
By the end of 2023, they had a whopping 223 million subscribers, making up about 19.3% of the market share. That’s a lot of people talking and browsing, with over 401 billion minutes of voice calls and 6,004 billion megabytes of data zipping through their network.
Vodafone Idea isn’t just big in India; they serve over 300 million customers in 17 countries and partner up with networks in 45 other places for Internet of Things stuff.
They’ve got a strong brand thanks to Vodafone and Idea teaming up, and they’ve been in the game for more than 30 years. In 2023 alone, they made about ₹424,885 million, with ₹321,256 million coming in during the nine months leading to December 31, 2023.
Their reach is impressive. They’ve got over 183,400 towers in India, giving broadband access to more than 438,900 locations, covering over a billion people. After merging, their 4G coverage now blankets over 1 billion people.
They’ve got a serious presence on the ground too, with 2,300 branded stores in India, serving over 95% of all districts, including ones run by franchisees.
And finally, they’re a big employer, with 12,598 folks working across all their operations by the end of 2023.
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Vodafone Idea FPO FAQs
What is the start and end date of Vodafone Idea FPO Subscription?
The Vodafone Idea FPO started on April 18, 2024, and ended on April 22, 2024.
When does Vodafone Idea FPO Subscription open?
The Vodafone Idea FPO open on April 18, 2024.
When does Vodafone Idea FPO Subscription close?
The Vodafone Idea FPO Close on April 22, 2024.
What is the allotment date of Vodafone Idea FPO?
The allotment date for Vodafone Idea FPO is April 23, 2024.
When is the initial refund date of Vodafone Idea FPO?
The initial Refund date for Vodafone Idea FPO is April 24, 2024.
When were the shares credited to investors demat accounts for the Vodafone Idea FPO?
The shares for the Vodafone Idea FPO were credited to investors demat accounts on April 24, 2024.
When will Vodafone Idea FPO be listed on the stock market?
Vodafone Idea FPO stock market will be listed on April 25, 2024 at 10 am.
What was the price range of the Vodafone Idea FPO shares?
The Vodafone Idea FPO shares were offered at a price range of ₹10 to ₹11 per share.
What was the lot size for the Vodafone Idea FPO shares?
The lot size for the Vodafone Idea FPO shares was 1298 shares.
What was the total issue size of the Vodafone Idea FPO?
The total issue size of the Vodafone Idea FPO was ₹18,000 crores.
How were the shares allocated among different types of investors for the Vodafone Idea FPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Vodafone Idea FPO listed?
The Vodafone Idea FPO was listed on both the NSE and BSE.
What is the Vodafone Idea FPO Subscription Status?
Vodafone Idea FPO is subscribed 6.99 Times.
