₹ 10 - ₹ 11
18-Apr-2024 - 22-Apr-2024
₹ 14278.00



18-Apr-2024 - 22-Apr-2024

₹ 10 - ₹ 11

Price Band

₹ 14278.00

Minimum Investment


Bid Lot


  • Face Value - ₹ 10/- Per Share

  • Listing at NSE BSE

  • 4,412,382 Application Required in Retail for 1 Time.

  • Registrar : Link Intime India Private Ltd

IPO Details

Fresh Issue aggregating to Rs. 18,000 Cr

Category % Shares/Amount
QIB 50% 8,181,818,182 Shares Rs.9000.00 Cr
HNI 1 5% 818,181,818 Shares Rs.900 Cr @ 42023
HNI 2 10% 1,636,363,636 Shares Rs.1800 Cr @ 84045
Retail 35% 5,727,272,727 Shares Rs.6300 Cr @ 4412382 Form 1X

BRLMs: Axis Capital Ltd, Jefferies India Pvt Ltd, SBI Capital Markets Ltd.

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
4412382 Form 1X 42023 84045

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 1298 ₹ 14,278
Retail (Upto 2 Lakh) 14 18172 ₹ 199,892
S-HNI (2 Lakh to 10 Lakh) 15 19470 ₹ 214,170
S-HNI (2 Lakh to 10 Lakh) 70 90860 ₹ 999,460
B-HNI (Above 10 Lakh) 71 92158 ₹ 1,013,738

IPO Timeline

  • Open Date

  • Close Date

  • Basis of Allotment Date

  • Initiation of Refunds

  • Credit Shares to Demat A/c

  • IPO Listing Date


Subscription as on
23-Apr-2024 06:18

Category Book Size Subscription No. of Times
QIB 3,272,727,273 ₹ 3600.00 Cr. 38,237,623,644 ₹ 42061.39 Cr. 11.68x
HNI (<10 LAKH) 818,181,818 ₹ 900.00 Cr. 542,217,434 ₹ 596.44 Cr. 0.66x
HNI2 (>10 LAKH) 1,636,363,636 ₹ 1800.00 Cr. 3,713,628,622 ₹ 4084.99 Cr. 2.27x
RETAIL 5,727,272,727 ₹ 6300.00 Cr. 2,907,584,900 ₹ 3198.34 Cr. 0.51x
Total 11,454,545,454 45,401,054,600 3.96x
Category Book Size Subscription No. of Times
QIB 3,272,727,273 ₹ 3600.00 Cr. 38,237,623,644 ₹ 42061.39 Cr. 11.68x
HNI (<10 LAKH) 818,181,818 ₹ 900.00 Cr. 542,217,434 ₹ 596.44 Cr. 0.66x
HNI2 (>10 LAKH) 1,636,363,636 ₹ 1800.00 Cr. 3,713,628,622 ₹ 4084.99 Cr. 2.27x
RETAIL 5,727,272,727 ₹ 6300.00 Cr. 2,907,584,900 ₹ 3198.34 Cr. 0.51x
Total 11,454,545,454 45,401,054,600 3.96x

*Excluding Anchor

Total No. of Application Approx : ~523288 (0.12 Appwise)

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

  • 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.
Read More


Competitive Strength 

  • Large Subscriber Base
  • Extensive Telecommunication Network
  • Existing Network Built on 5G-Ready Architecture
  • Large Enterprise Customer Base with Longstanding Relationships
  • Extensive Distribution and Service Network
  • Trusted Brand with Strong Proposition
  • Strong Promoter Support
  • Experienced Management Team

 Business Strategies 

  • Focused Investments to Drive Coverage and Capacity Expansion
  • Initiatives to Improve the Average Revenue Per User and Customer Retention
  • Focus on Business Services through Telco to Techco Transformation
  • Strategic Collaborations to Monetize Digital Opportunities

Company Promoters

Company Financials

Vodafone Idea Limited Financial Information (Restated Consolidated)

Vodafone Idea Limited's revenue increased by 9.95% and profit after tax (PAT) dropped by -3.74% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended 31 Dec 2023 31 Mar 2023 31 Mar 2022 31 Mar 2021
Assets 190,801.80 207,242.70 194,029.10 203,480.60
Revenue 32,125.60 42,488.50 38,644.90 42,126.40
Profit After Tax -23,563.80 -29,301.10 -28,245.40 -44,233.10
Net Worth -97,931.90 -74,359.10 -61,964.80 -38,228.00
Reserves and Surplus -146,611.60 -123,038.80 -94,083.60  
Total Borrowing 203,425.70 201,586.00 190,917.70 180,310.30
Amount in ? Crore

Objects of the Issue

The company proposes to utilise the Net Proceeds towards funding of the following objects:

  1. Purchase of equipment for the expansion of the network infrastructure by: (a) setting up new 4G sites; (b) expanding the capacity of existing 4G Sites and new 4G sites; and (c) setting up new 5G sites;
  2. Payment of certain deferred payments for spectrum to the DoT and the GST thereon; and
  3. General corporate purposes.

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  • Step 03 :

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  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

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Frequently Asked Questions

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