Vodafone Idea FPO GMP, Details, Guidance, Subscription Status, allotment @ Chanakyanipothi.com
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• Reviews
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• Allotment

What is the business of Vodafone Idea?

Vodafone Idea is the third largest telecommunications service provider in India based on subscriber base. According to the GSMA Intelligence Database, it is the sixth largest cellular operator globally in terms of number of subscribers in a single country of operations. Through its pan India network, it offer voice, data, enterprise and other value added services, including short messaging services and digital services across 2G, 3G and 4G technologies. It also offers connectivity services to enterprise customers. It 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. It
carries inter-service area voice traffic and incoming and outgoing international voice traffic on its network, which is facilitated through interconnections with its active licenses.
For the quarter ended December 31, 2023, its applicable gross revenue market share was 17.79% of the Indian mobile telecommunications services industry.
As of December 31, 2023, it had over 223.0 million subscribers and a subscriber market share of 19.3%. Furthermore, for the quarter ended December 31, 2023, it carried approximately 401 billion voice minutes and approximately 6,004 billion MB of data on its network.
Its promoters are part of the Aditya Birla group and the Vodafone group..

For more information, click http://www.myvi.in/

Vodafone Idea FPO GMP, Particulars & Guidance

Vodafone Idea FPO Guidance* by Paresh Gordhandas, CA & Research Analyst.
Vodafone Idea is the third largest telecommunications service provider in India based on subscriber base. According to the GSMA Intelligence Database, it is the sixth largest cellular operator globally in terms of number of subscribers in a single country of operations.
Size: This being a mainboard FPO, the issue size of Rs. 18000 Cr is very large. HNI portion is Rs. 2700 crore and retail portion is Rs. 6300 crore, which is also very high. With 4412383 applications,retail portion can get one time subscribed. So huge oversubscription is not at all expected.
Financials: During last 3 years, the company has shown huge losses. As of 31st December 2023, the company had total borrowings of Rs. 203426 crore, out of which small amount (Rs.2175 crore will be paid from the proceeds of this FPO.) In India, the telecom market has low competition level. If the three major players increase the mobile terrif with mutual understanding, even this company can turn corners. Compared to the current market price of Rs. 12.95(closing price of 12th April 2024), one may get small returns on listing. Chances of allotment are very high. Do understand, You may or may not get listing gains. Apply only with long term angle.
Strategy seen in the grey market: As seen in the market today, the investors sell their application at subject to rates and then apply. Many of the investors sell their shares at premium in the grey market and plan to make applications.  
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Vodafone Idea FPO GMP

Vodafone Idea FPO GMP today details

Vodafone Idea FPO GMP today, Details, Guidance, Subscription Status, allotment

Vodafone Idea FPO Anchor Investors Details

Vodafone Idea Raises Rs 5,400 Crore From Morgan Stanley etc anchor Investors

Vodafone Idea has concluded its anchor book allocation just before the commencement of its highly anticipated Follow-on Public Offering (FPO), garnering approximately Rs 5,400 crore from both global and domestic heavyweight investors.

The list of investors subscribing to the anchor book boasts distinguished names including GQG Partners, UBS, Morgan Stanley India Investment Fund, Citigroup Global Markets Mauritius, Goldman Sachs, and Fidelity, among others.