Vodafone Idea Limited FPO: Check Open/Close Date, FPO Size | Espresso


Vodafone Idea Limited FPO Opens On April 18. Check FPO Details Issue Date Price.

April 18, 2024
Vodafone Idea Limited FPO Opens On April 18. Check FPO Details Issue Date Price.

Vodafone Idea Limited is coming out with a Follow-On Public Offer to raise Rs 18,000 crores from the market.

Below are the details of the Vodafone Idea Limited FPO:

  • Issue opens – April 18 (Thursday)
  • Issue closes – April 22 (Monday)
  • Issue size – Rs 18,000 crores
  • Price band – Rs 10 to 11 per equity share
  • Bid lot – 1298 shares and in multiples thereof

And here are some details of the company and further details on the FPO.

Company Details:

  • Vodafone Idea Limited (Vi) is the 3rd largest telecommunications service provider in India based on subscriber base. The company is the 6th largest cellular operator globally in terms of number of subscribers in a single country of operations.
  • Vi 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 (“NLD”), international long distance (“ILD”) and internet service provider (“ISP”), and registration for infrastructure provider (“IP-1”) services.
  • The company’s promoters are part of the Aditya Birla group and the Vodafone group. All the company’s services and products are offered under the “Vi” brand backed by strong brand recall of the Vodafone and Idea brands. The company has obtained 326 trademark registrations for its brands and has also applied for two additional trademark registrations.
  • Vi has an aggregate of 8,005.2 MHz of spectrum holdings across different frequency bands as on December 31,2023. Out of the 8,005.2 MHz spectrum, 7,975.2 MHz spectrum is liberalized and can be used towards deployment of any technology (2G, 3G, 4G or 5G). This includes the mid-band 5G spectrum (3300 MHz band) in 17 priority service areas and mmWave 5G spectrum (26 GHz band) in 16 service areas.
  • The company had 183,400 unique tower locations and over 438,900 broadband (3G and 4G) sites, with all its 4G sites enabled for the provision of voice over LTE (“VoLTE”) services. The company’s population coverage exceeded 1.2 billion individuals, and its OFC spanned over 298,000 kilometers.
  • Vi’s mobile network reach is across 487,000+ towns and villages in India, with broadband services in 342,200+ towns and villages, each as of December 31, 2023.
  • As of December 31, 2023, the company’s sales & distribution network included over 10,000 distributors, 787,000 multi-brand retailers, 2,400 franchise outlets and 20,000 sales promoters strategically positioned across both urban and rural markets.

Issue Size:

Rs. 18,000 crores

Issue Break-Up:

QIB – 50% of the offer – Rs 9000.00 crores

NIB – 15% of the offer – Rs 2700.00 crores

RET – 35% of the offer – Rs 6300.00 crores




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All Retail & NII bidders' (bids up to Rs. 5,00,000) applications through brokers are compulsorily in UPI Mode.


Application made using third-party UPI or ASBA Bank A/c are liable to be rejected.

The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs 5,00,000) shall expire at 5 PM on the closing day of the FPO i.e. Monday, April 22, 2024

Not an Espresso customer, but still want to apply for the FPO? Become an Espresso customer in just 15 mins* by tapping here and take it from there! (* T&C apply)

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