Vodafone Idea Limited shall open its Bid / Offer in relation to its Further Public Offering (FPO) of Equity Shares on Thursday, 18th April, 2024.
The Total Offer Size comprises of fresh issue of Equity Shares aggregating up to Rs 18,000 crore. The Price Band of the Offer has been fixed at Rs 10 to Rs 11 Per Equity Share. Bids can be made for a minimum of 1,298 Equity Shares and in multiples of 1,298 Equity Shares thereafter.
The Anchor Investor Bidding Date shall be Tuesday, 16th April, 2024. The Bid/Offer will open Thursday, 18th April, 2024 for subscription and close on Monday, 22nd April, 2024.
The Company proposes to utilize net proceeds from fresh issue of Equity Shares towards funding – (i) Purchase of equipment for the expansion of its network infrastructure amounting to Rs. 12,750 crore which includes (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; (ii) Payment of certain deferred payments for spectrum to the DoT and the GST thereon amounting to Rs. 2,175 crore and (v) balance amount for general corporate purposes.
The Equity Shares offered through this Red Herring Prospectus are proposed to be listed on the Stock Exchanges. For the purposes of the Offer, NSE is the Designated Stock Exchange.
