31 Mar 2021
Assets203,480.60
Total Income42,126.40
Profit After Tax-44,233.10
NET Worth-38,228.00
Total Borrowing180,310.30
At a glance
Updated 2026-09-14The shares listed at ₹12.00, a 9.09% move from the issue price. VI FPO Details 2026 is a Mainboard IPO with an issue size of ₹18,000.00 crore, proposed for listing on BSE, NSE. The offer opens on 18th Apr 2024 and closes on 22nd Apr 2024. The issue structure includes a fresh issue of ₹18,000.00 crore. The current listing schedule points to 25th Apr 2024.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹18,000.00 Cr
Fresh issue₹18,000.00 Cr
Face value₹10
Price band₹10.00–₹11.00
Allotment23rd Apr 2024
Listing25th Apr 2024
Listing performance
Full performance ↗Issue price₹11.00
Listing price₹12.00
Current price—
Listing gain9.09%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹1.40
GMP / upper price12.73%
Est. listing₹12.40
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens18th Apr 2024
Closes22nd Apr 2024
Allotment23rd Apr 2024
Refund24th Apr 2024
Demat24th Apr 2024
Listing25th Apr 2024
Subscription demand
Full bidding ↗Total6.99×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 1298 | ₹14,278 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Purchase of equipment for the expansion of our network infrastructure by: (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 | ₹12,750.00 Cr |
| Payment of certain deferred payments for spectrum to the DoT and the GST thereon | ₹2,175.32 Cr |
| General corporate purposes | ₹2,688.88 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue32,125.60₹ Cr · -24.4% vs prior year
PAT-23,563.80₹ Cr · +19.6% vs prior year
Assets190,801.80₹ Cr · -7.9% vs prior year
Net Worth-97,931.90₹ Cr · -31.7% vs prior year
Borrowing203,425.70₹ Cr · +0.9% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2022
Assets194,029.10
Total Income38,644.90
Profit After Tax-28,245.40
NET Worth-61,964.80
Reserves and Surplus-94,083.60
Total Borrowing190,917.70
31 Mar 2023
Assets207,242.70
Total Income42,488.50
Profit After Tax-29,301.10
NET Worth-74,359.10
Reserves and Surplus-123,038.80
Total Borrowing201,586.00
31 Dec 2023
Assets190,801.80
Total Income32,125.60
Profit After Tax-23,563.80
NET Worth-97,931.90
Reserves and Surplus-146,611.60
Total Borrowing203,425.70
KPIs
| KPI | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLM’s fees and fees payable to financial advisors to the Company | 287 |
| 2 | Commission/processing fee for SCSBs, Sponsor Banks and Bankers to the Offer. Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 38.5 |
| 3 | Fees payable to Registrar to the Offer | 0.5 |
| 4 | Fees payable to the other parties to the Offer | 8 |
| 5 | Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 31 |
| 6 | Printing and stationery | 1 |
| 7 | Advertising and marketing expenses | 7 |
| 8 | Miscellaneous | 12.8 |
Valuation & shareholding
Pre-IPO EPS-5.85
Post-IPO EPS-ve
Pre-IPO P/E-1.88
Post-IPO P/E-ve
Promoter holding pre48.75%
Promoter holding post36.87%
Market cap₹73131.80 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Vodafone Idea IPO | — | - | — | — |
| Bharti Hexacom IPO | — | 75.85 x | — | — |
| GTPL Hathway IPO | — | 88.00 x | — | — |
| Tejas Networks IPO | — | 36.00 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| BRLM’s fees and fees payable to financial advisors to the Company | ₹287.00 Cr |
| Commission/processing fee for SCSBs, Sponsor Banks and Bankers to the Offer. Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | ₹38.50 Cr |
| Fees payable to Registrar to the Offer | ₹0.50 Cr |
| Fees payable to the other parties to the Offer | ₹8.00 Cr |
| Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | ₹31.00 Cr |
| Printing and stationery | ₹1.00 Cr |
| Advertising and marketing expenses | ₹7.00 Cr |
| Miscellaneous | ₹12.80 Cr |
Registrar & lead managers
Registrar
MUFG Intime India Pvt.Ltd.Lead managers
- SBI Capital Markets Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-14.
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