
Industrial & Financial Services · NSE / BSE
Founded in March 1995, Vodafone Idea Limited is a major telecom company serving both businesses and consumers across India. It offers a wide range of voice, data, and digital services on 2G, 3G, and 4G networks, including messaging and value-added features. As of December 31, 2023, the company has over 223 million subscribers, holding a 19.3% market share. With a vast network handling 401 billion voice minutes and 6,004 billion MB of data, Vodafone Idea plays a key role in India’s telecom industry. Backed by the combined expertise of Vodafone and Idea, the company reported a total income of ₹424,885 million for FY2023, with ₹321,256 million earned in the first nine months of the year. It operates around 183,400 tower locations and provides broadband services to over 438,900 units, covering more than a billion people across India. To ensure easy access to its services, 2,300 branded urban stores are spread across the country, covering over 95% of all districts. Supported by a dedicated workforce of 12,598 employees, Vodafone Idea continues to innovate and expand its services, reinforcing its position as a leading telecom provider in India.
Price Band
₹10 – ₹11
Issue Size
₹18000 Cr
Lot Size
1298 shares
GMP
+12.7%
Est. Listing
₹12.4
at current GMP
Subscribed
6.99x
overall
Open
18 Apr 2024
Close
22 Apr 2024
Allotment
23 Apr 2024
Refund
24 Apr 2024
Demat Credit
25 Apr 2024
Listing
25 Apr 2024
Designated Registrar: Link Intime India Private Limited
Allotment Date
23 Apr 2024
Basis finalization
Refunds Initiate
24 Apr 2024
Mandate release
Demat Credit
25 Apr 2024
Shares in demat
Listing Debut
25 Apr 2024
Trading begins
Vodafone Idea Limited is bringing an initial public offering (IPO) in the Industrial & Financial Services sector with an aggregate issue size of ₹18,000 Crores. The shares are offered at a price band of ₹10 to ₹11 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1298 shares (approx. ₹14,278 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-04-25, while un-allotted funds or UPI block mandates will be released on 2024-04-24.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.