Home/IPOs/VodafoneIdea
Start Date18-04-2024
Application Timing10am-5pm
Price Range₹10 - ₹11
Min Qty1298
Min. Investment₹12980
Listing DateNA
Close Date22-04-2024
About Vodafone Idea Limited FPO
Vodafone Idea is the third largest telecommunications service provider in India and the sixth largest cellular operator globally in terms of number of subscribers. Through their pan India network, they offer voice, data, enterprise, other value added services and digital services across 2G, 3G and 4G technologies. They also offer connectivity services to enterprise customers. They have over 22.3 crore subscribers and a subscriber market share of 19.3%
Why To Invest in Vodafone Idea Limited FPO
Third largest telecom service provider in India. The company proposes to utilise the Net Proceeds towards funding of the following objects:
- 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;
- Payment of certain deferred payments for spectrum to the DoT and the GST thereon
Financial Table
| Year | FY 2021 | FY 2022 | FY 2023 |
|---|---|---|---|
| Operating Income (Rs. Cr) | 41952 | 38515 | 42177 |
| Profit After Tax (Rs. Cr) | -44233 | -28245 | - 29301 |
Strengths And Risks
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Large Subscriber Base : Vodafone Idea is the third largest telecommunications service provider in India based on subscriber base. They have over 22 cr subscribers and a subscriber market share of 19.3%
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Extensive Network : They have a large spectrum portfolio with 8,005.2 MHz of spectrum holdings across different frequency bands and a large network infrastructure of 2G, 3G, and 4G equipment, along with a nationwide fibre optic cable network.
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Large Enterprise Customer Base : They offer a diversified portfolio of business services to our enterprise clients which include global enterprises, corporates, SMEs, government organizations, small-offices and home-offices, and start-ups.
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Trusted Brand : The “Vi” brand has completed over three years and in this short period, has achieved recognition and recall within the Indian telecommunications market.
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High Debts: Vodafone Idea has incurred significant indebtedness and has not complied with certain covenants under its financing agreements. An inability to meet obligations, including financial and other covenants, under their debt financing arrangements could adversely affect the business.
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Overdue Vendor Payments: Non-payment of large dues to to vendors, especially tower vendors and equipment suppliers, could have an adverse effect on their business and operations. As on December 31, 2023 they had trade payables aggregating to Rs 13807.8 cr
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Continued Losses: They have incurred losses during recent periods and may not achieve or sustain profitability in the future. During the nine months ended December 31, 2023 and December 31, 2022 and the Financial Years 2023, 2022 and 2021, their loss after tax was Rs. 23563 cr, Rs 23187 cr, Rs. 29301 cr, Rs 28245 cr and Rs 44233 cr respectively.
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