Vodafone Idea Limited, established in March 1995, stands as a prominent telecommunications service provider in India. Offering a wide array of services encompassing voice, data, and value-added services across 2G, 3G, and 4G technologies, Vodafone Idea caters to both enterprises and consumers with services like short messaging and digital solutions.

As of December 31, 2023, Vodafone Idea boasted an impressive subscriber base of over 223.0 million, capturing a substantial market share of 19.3%. The company’s network efficiently handled a staggering 401 billion voice minutes and a whopping 6,004 billion MB of data, highlighting its robust infrastructure and technological prowess.

Diving deeper into its global presence, Vodafone Idea extends its mobile and fixed services to more than 300 million customers across 17 countries. Additionally, its collaborations in Internet of Things (IoT) span networks in 45 other countries, making it one of the leading IoT platforms globally.

The amalgamation of Vodafone and Idea has not only strengthened its market position but also leveraged the combined experience of over three decades under a unified brand. In terms of financial performance, the company recorded a total income of ₹424,885 million for FY2023, with ₹321,256 million generated in the nine months leading up to December 31, 2023.

Operational statistics further underline Vodafone Idea’s extensive reach and infrastructure. By December 31, 2023, the company operated approximately 183,400 tower locations nationwide, facilitating broadband services to more than 438,900 units and covering a substantial portion of India’s population exceeding a billion.

In terms of retail presence, Vodafone Idea maintained 2,300 branded urban stores across India, ensuring accessibility to services for over 95% of all districts through a combination of company-owned and franchisee-owned outlets.

Employment-wise, Vodafone Idea contributed significantly to the workforce, employing a total of 12,598 individuals across its operations as of December 31, 2023.

The forthcoming Vodafone Idea FPO (Follow-on Public Offering) presents an exciting opportunity for investors to delve into the telecom giant’s growth trajectory and strategic initiatives, positioning itself as a key player in India’s telecommunications landscape.

Key Performance Indicators By December 31, 2023, Vodafone India had a workforce of 12,598 individuals, driving operations across various segments. These KPIs reflect the company’s operational scale and its ability to navigate the dynamic telecommunications sector.

FPO Details The Vodafone FPO is a book built issue of Rs 18,000.00 crores, entirely comprising a fresh issue of 1636.36 crore shares. This offering opens for subscription on April 18, 2024, and closes on April 22, 2024. The allotment is slated for finalization on Tuesday, April 23, 2024, with a tentative listing date on Thursday, April 25, 2024, on both BSE and NSE.

Price Band and Lot Size The price band for the Vodafone FPO is set at ₹10 to ₹11 per share, making it an attractive opportunity for investors. The minimum lot size for an application is 1298 Shares, ensuring accessibility for retail investors. The minimum investment required for retail investors is ₹14,278, offering flexibility and inclusivity in participation.

Lead Managers and Registrar Axis Capital Limited, Jefferies India Private Limited, and SBI Capital Markets Limited are the book running lead managers for the Vodafone FPO, showcasing strong financial expertise and management. Link Intime India Private Ltd serves as the registrar for the issue, ensuring a seamless and transparent process for investors.

Conclusion The Vodafone FPO presents a compelling investment opportunity in India’s thriving telecommunications sector. With a robust market presence, strategic financial planning, and a clear roadmap for growth, Vodafone India’s FPO is poised to unlock value for investors and contribute to the evolution of India’s digital infrastructure.