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
(c) setting up new 5G sites
2. Payment of certain deferred payments for spectrum to the DoT and the GST thereon
3. General corporate purposes.
The GST registration process at FinanceSaathi is quick, transparent, and end-to-end online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Eligibility Check – Our experts assess your business and required documents. | 1 Day |
| 2 | Document Collection & Preparation – You share scanned copies; we prepare the application. | 1–2 Days |
| 3 | Online Application Submission – Filing GST REG-01 on GST portal. | 1 Day |
| 4 | ARN Generation & Verification – Acknowledgment number generated and verified. | 1 Day |
| 5 | GST Officer Review – Department may seek clarification if required. | 2–3 Days |
| 6 | GSTIN Allotment & Certificate Issued – Once approved, you receive your GST registration certificate via email. | 3–5 Days Total |
Estimated Total Duration: 3–5 Working Days
The GST registration process at FinanceSaathi is quick, transparent, and end-to-end online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Eligibility Check – Our experts assess your business and required documents. | 1 Day |
| 2 | Document Collection & Preparation – You share scanned copies; we prepare the application. | 1–2 Days |
| 3 | Online Application Submission – Filing GST REG-01 on GST portal. | 1 Day |
| 4 | ARN Generation & Verification – Acknowledgment number generated and verified. | 1 Day |
| 5 | GST Officer Review – Department may seek clarification if required. | 2–3 Days |
| 6 | GSTIN Allotment & Certificate Issued – Once approved, you receive your GST registration certificate via email. | 3–5 Days Total |
Estimated Total Duration: 3–5 Working Days
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