Vodafone Idea FPO

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India's telecom landscape braces for a significant event, the Follow-on Public Offer (FPO) by Vodafone Idea, also known as Vi. This capital-raising exercise, open for subscription from April 18th to 22nd, 2024, aims to bolster Vi's financial standing and fuel its future growth plans. With a price band of Rs. 10 to Rs. 11 per share, the FPO presents an opportunity for investors to participate in the journey of this leading telecom provider. Stay tuned as we delve deeper into the details and implications of the Vodafone Idea FPO.

About Vodafone Idea Limited

Vodafone Idea Limited (VIL), also known as Vi, is India's third-largest telecommunications service provider. Formed through a merger between Vodafone India and Idea Cellular in 2017, VIL offers a comprehensive range of voice and data services across the country. The company caters to a subscriber base of over 223 million and holds a significant market share in the Indian telecom sector. VIL is a prominent player in the evolving landscape of 4G and emerging 5G technologies, aiming to deliver a superior connected experience to its customers.

The company launched a Follow-on Public Offer (FPO) on April 18th, 2024. This FPO, comprising fresh equity shares, aims to raise Rs. 18,000 crores. The price band is set between Rs. 10 and Rs. 11 per share, with a minimum application lot of 1,298 shares. The FPO closes on April 22nd, with an anticipated listing on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) by April 25th, 2024.

Read More: Difference between IPO and FPO

Vodafone Idea FPO Objectives

The Net Proceeds will be utilised by the company to fund the following objectives:

  • Purchase of equipment to expand the network infrastructure (this includes establishing new 4G sites, increasing the capacity of current 4G sites, introducing new 4G sites and setting up new 5G sites) 

  • Payment of certain deferred payments for spectrum to the DoT, along with the GST thereon

  • General corporate purposes

Company Financials

Let’s have a look at the company financials before applying for the FPO:


For the Financial Year Ending (in Rupees Million)


March 31, 2023

March 31, 2022

March 31, 2021

Total Assets




Total Liabilities




Total Expenses




Total Revenue




Profit After Tax








Earnings per Share (Basic and Diluted)




Vodafone Idea FPO Key Dates

The key dates related to VI FPO are listed below:


Important Date

FPO Opening  Date

18th April, 2024

FPO Closing Date

22nd April, 2024

Cut-off Time for UPI Mandate Confirmation

5 PM on 22nd April, 2024

Basis of Allotment

23rd April, 2024

Initiation of Refunds

24th April, 2024

Credit of Shares to Demat

24th April, 2024

Listing Date

25th April, 2024

Summing Up

Vodafone Idea FPO (Follow-on Public Offer) presents a potential opportunity for investors seeking exposure to the growing Indian telecom sector. The fresh capital raised could bolster network infrastructure, enhance service offerings, and potentially lead to increased average revenue per user (ARPU). However, a prudent decision requires careful consideration of the company's financial health and future debt obligations.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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Frequently Asked Questions

What is a Follow-on Public Offer (FPO)?

Answer Field

An FPO is a method for a company that has already issued shares to the public to raise additional capital by selling new shares. In simpler terms, VIL is offering new shares to investors to raise funds.

Why is Vodafone Idea launching an FPO?

Answer Field

VIL aims to raise Rs. 18,000 crores through this FPO. The funds will likely be used for debt reduction, network upgradation and infrastructure improvements.

What is the price range for the Vodafone Idea upcoming FPO?

Answer Field

The FPO price band is set between Rs. 10 and Rs. 11 per share.

When can I invest in the Vodafone Idea upcoming FPO?

Answer Field

The FPO subscription period opens on April 18th, 2024, and closes on April 22nd, 2024.

Where can I find more information about the Vodafone Idea FPO?

Answer Field

You can access the FPO prospectus and other relevant details on VIL's website, the websites of the lead managers (Axis Capital Limited, Jefferies India Private Limited and SBI Capital Markets Limited) for the FPO, or through Bajaj Broking’s online trading platform. We provide all the latest updates on the upcoming IPOs and FPOs on our website at the earliest.

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