
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
Overall Subscription
6.99x
Total Demand
QIB Multiplier
19.31x
Institutions & Funds
NII / HNI
4.54x
High Net-Worth
Retail (RII)
1.01x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 3,272,727,273 | 63,210,538,776 | 19.31x |
| NIB | 2,454,545,454 | 11,143,894,630 | 4.54x |
| HNIs(10L +) | 1,636,363,636 | 9,875,620,128 | 6.04x |
| HNIs (2-10L) | 818,181,818 | 1,268,274,502 | 1.55x |
| RETAIL | 5,727,272,727 | 5,763,865,052 | 1.01x |
| Total | 13,909,090,908 | 91,262,193,088 | 6.99x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 4,412,383 | 4,456,507 | 1.01x |
| HNIs (10L +) | 28,224 | 128,137 | 4.54x |
| HNIs (2-10L) | 135,073 | 613,231 | 4.54x |
| Total Applications | 4,575,680 | 5,197,875 | 1.14x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
The latest Grey Market Premium (GMP) for Vodafone Idea Limited IPO is ₹1.4 per equity share. Based on the upper price band of ₹10 to ₹11 per equity share, the estimated listing price is ₹12.4 (+12.7% expected listing gain).
With a lot size of 1298 shares and current GMP of ₹1.4, the expected profit per application lot is approx ₹1,817.2 (+12.7% gain). Minimum application cost is approx ₹14,278.
The Vodafone Idea Limited IPO aggregate issue size is ₹18,000 Crores with an equity price band set at ₹10 to ₹11 per equity share. The retail lot size is 1298 shares requiring a minimum capital outlay of approx. ₹14,278.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 6.99x (Retail: 1.01x, QIB: 19.31x, NII: 4.54x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2024-04-23. Investors can verify status using PAN card or application number.
Vodafone Idea Limited shares are scheduled to list on NSE and BSE on 2024-04-25.