Vodafone Idea FPO is coming soon. The company announces the follow-on public offer to raise the funding through the public once again. Thus, it is a golden chance for all looking to invest in VI’s shares. Vodafone Idea will be raising Rs. 18,000 crore in total. The company will issue entirely fresh shares. There will be no offer for sale in the FPO. Opening in the upcoming week of April 2024, the FPO is all ready to launch in the market.
Vodafone Idea FPO Full Form & Meaning
Vodafone Idea is launching a FPO. It refers to the follow-on public offer by the companies when they raise the money for the second or more time. The companies already listed in the share market use FPO to raise funding from the public again. Thus, they offer new shares to the company. Vodafone Idea FPO will be offering 1636.36 Crore shares in the FPO. Follow-on Public Funding gives you the offer to raise funding again from the public after the IPO and listing.
Vodafone Idea FPO Price Band
Vodafone Idea FPO Price band will be Rs. 10 to Rs. 11 per share. Thus, the face value of the company will remain Rs. 10 per share. The company will be offering 50% of these shares to QIB (Qualified Institutional Buyers), 35% to Retail, and 15% to NII. The listing date will be 25 April 2024. VI has a Lot Size of 1298 shares. The current price of Vodafone Idea shares is going at Rs. 12.45 per share. However, it is following a downward trend at the moment. Thus, the company can expect a rise in the share value after its FPO.
Vodafone Idea FPO Date
Vodafone Idea FPO will open on 18 April 2024, Thursday and close on 22 April 2024, Monday. There will only be fresh equity shares and no offer for sale shares. If we look at the financial performance of the company, it has Assets worth 190,801.80 crore. While the revenue is Rs. 32,125.60 Crore for the December 2023 end. The company is making a good amount of revenue but lacking in profit. It has a Loss of Rs. 23,563.80.
Vodafone Idea FPO Details
Vodafone Idea is currently a loss-making company. They have been almost at the same loss level for the past two years. The EPS of VI before IPO was -5.85 which shifts a little to -4.73. Apart from that, the P/E -1.88x which changed to -2.33x. Vodafone Idea is gaining popularity among the people after their collaboration. They made creative deals altogether for the customers that benefit and match their needs.
Vodafone Idea merge took place in August 2018. Thus, the Idea Cellular and Vodafone India merger made the company Vodafone Idea. It grabbed people’s attention with its attractive offers. The company gave offers like unused data carrying on to weekends, 12 am to 6 am unlimited night data, an additional 500 MB to its special customers on recharge, and 2GB backup data every month. Thus, it makes the company different from other platforms. Keep reading with Charcha Times for more.
