Vodafone Idea Ltd. FPO IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details

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Vodafone Idea Ltd. FPO Limited IPO GMP

The VI FPO, totaling Rs 18,000.00 crores, is a book-built issue consisting entirely of fresh shares amounting to 1636.36 crore. Commencing subscription on April 18, 2024, it will conclude on April 22, 2024, with allotment expected to be finalized by April 23, 2024.

The VI FPO is set to list on both the BSE and NSE, tentatively scheduled for Thursday, April 25, 2024. Its price band ranges from ₹10 to ₹11 per share, with a minimum lot size for applications set at 1298 shares.

Retail investors are required to invest a minimum of ₹14,278, while sNII and bNII have minimum lot size investments of 15 lots (19,470 shares) and 71 lots (92,158 shares), respectively, amounting to ₹214,170 and ₹1,013,738.

Axis Capital Limited, Jefferies India Private Limited, and SBI Capital Markets Limited are serving as the book running lead managers, with Link Intime India Private Ltd acting as the registrar for the issue.

Company proposes to utilize the Net Proceeds:

1. Purchase of equipment for the expansion of our network infrastructure by:

(a) setting up new 4G sites

(b) expanding the capacity of existing 4G Sites and new 4G sites

2. Payment of certain deferred payments for spectrum to the DoT and the GST thereon

3. General corporate purposes.