April 18, 2024 - April 22, 2024

VI FPO Review & Recommendations

Geojit Securities Ltd and IIFL Securities have given "Apply" recommendation to VI FPO. Dilip Davda and Hem Securities have given "May Apply" recommendation to VI FPO. Swastika Investmart Ltd has "Neutral" view about the IPO. Capital Market recommend to "Avoid" the IPO.Ashika Research, Axis Capital, Canara Bank Securities Ltd and Ventura Securities Limited have "Not Rated" the IPO.

VI FPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	2	2	1	1	4
%	20.00	20.00	10.00	10.00	40.00

VI FPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Ashika Research	Not Rated
Axis Capital	Not Rated
Canara Bank Securities Ltd	Not Rated
Capital Market	Avoid
Dilip Davda	May Apply
Geojit Securities Ltd	Apply
Hem Securities	May Apply
IIFL Securities	Apply
Swastika Investmart Ltd	Neutral
Ventura Securities Limited	Not Rated

VI FPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for VI FPO is 35. Their analysis recommends Do not subscribe for the IPO.

Reviewer	Rating Score	Rating
Capital Market	35	Do not subscribe

VI FPO Review by Dilip Davda (May apply)

[Dilip Davda] VIL is the third largest player in telecommunication services and marked inconsistency in its performance so far against two mega players i.e. Jio and Bharti. It is struggling to come out of the wood and gain ground with more set of user friendly offers. However, based on its financial performance so far with negative net earnings and the second mega issue offer in the last five years are the point of concern. Looking at the interest of big investors, fund houses, and the helping hand from the Government of India may bring this ailing player on track in coming years. Thus, this is a pure long term bet at the offered price. Well as it happened post its RI of April 1995, the scrip marked lower levels then the offer price, and the same may happen now also. Considering this, well-informed/cash surplus investors may park moderate funds for long term and may add on post listing at lower levels to average out the investment with a long term investment strategy. Read detail review...

VI FPO Peer Comparison

Vodafone Idea Limited peer comparison with similar listed entities. (As on March 31, 2023)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio	Financial statements
Vodafone Idea Limited	-8.43	-8.43	-15.28			-0.85	Consolidated
Bharti Airtel Limited	14.80	14.57	136.72	84.37	15.84	8.99	Consolidated
Bharti Hexacom Limited	10.98	10.98	84.19	51.91	13.83	6.77	Consolidated
Reliance Jio Infocomm Limited	4.05	1.07	48.00		8.43		Consolidated

Notes:

The financial information for our Company and its listed/to be listed industry peers mentioned above is based on annual reports submitted to stock exchanges for the year ended March 31, 2023.
Closing price for Bharti Airtel Limited is taken for the fully paid-up equity share of ₹ 5 each.
The Company has negative net worth as well as net loss for the year ended on March 31, 2023, hence RoNW has not been calculated.
Basic and Diluted EPS refers to the Basic and Diluted EPS sourced from the publicly available financial results of the Bharti Airtel Limited for the year ended March 31, 2023.
P/E Ratio of peers has been computed based on the closing market price (i.e., April 10, 2024) of equity shares on BSE, divided by the Diluted EPS provided under Noted above. Further, with respect to Bharti Hexacom Limited, issue price of Rs.570/ share is divided with diluted EPS.
Return on Net Worth (%) = Net profit/(loss) after tax / Net worth at the end of the financial year ended March 31, 2023.
'Net worth' under Ind-As: Net worth has been defined as the aggregate value of the paid-up share capital and all reserves created out of the profits and securities premium account and debit or credit balance of profit and loss account, after deducting the aggregate value of the accumulated losses, deferred expenditure and miscellaneous expenditure not written off, as per the audited balance sheet, but does not include reserves created out of revaluation of assets, write-back of depreciation and amalgamation as on March 31, 2021; March 31, 2022 and March 31, 2023, and for nine months period ended December 31, 2023 is in accordance with Regulation 2(1)(hh) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended.
NAV of the peer is computed as total of equity share capital and other equity (excluding non-controlling interest, if any) at the end of the year / total number of equity shares outstanding at the end of the year. Further for Bharti Airtel Limited, the partly paid up shares are converted into fully paid up by giving weight of 25%.

VI FPO Review by Members

VI FPO Reviews, analysis and views by popular members. Read Vodafone Idea Limited FPO reviews by retail investors to find recommended ipo to buy.

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VI FPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	7	1	0	3
%	63.64	9.09	0.00	27.27

Member	Review
Panoti ka baap	Apply for Listing Gain at Lower Price Band 10 rs pe apply karu ya 11rs pe retail category me plz help me fast April 22, 2024 2:27:34 PM
Mr. SAVANI	Apply for Listing Gain at Cut-off Price It's FPO so already listed company shares allotment will be done. More likely to have 8-10% gain from current price. April 21, 2024 11:00:57 AM
SHAH EYE	May Apply for Listing Gain at Lower Price Band Dear Investor, Those who have not applied, kindly wait for last day and last hour Wait for QIB how much times subscription happen.... As these FPO is very risky to apply as It can Gain/wipe out your capital nearly +-25% if there is huge Buying/selling pressure on listing day. FPO is very muniplative also as news also there that Adani will buy after election... Guys Make use of your brain before applying after its all retail hard earned money to invest....Sorry in advance those who dont like April 20, 2024 11:21:09 PM
gagan singla	Apply for Short Term at Cut-off Price Birla Group April 20, 2024 12:03:42 PM
IPO Hawk	Apply for Short Term at Upper Price Band VI is going to see the momentum after FPO. Company has mentioned about money spending for improvement in 4G and increasing 5G circles. Promotors also lending money after FPO. Money trapped VI is going to see finally some good signs after this much awaited fund raising. 1 April 19, 2024 2:08:15 PM
Sanwal Saab	Apply for Short Term at Cut-off Price 10-15 % listing gains are expected and also good for a short term April 19, 2024 1:15:27 PM
VANSH PATEL	Avoid My recomondation is to avoid this FPO if you cant hold your allotted lot for over a very long term. i may be wrong but seeing currently VI is at 13 and u will sell on listing day and book 2 rupees profit. it can be wrong, because in general corporate actions, share price always adjust. let suppose 50% have lockin shares of issue size, still billions of shares will be in circulation and they will only think to sell, who ever wants to buy, he will buy now, on listing selling pressure will be too. April 19, 2024 11:30:07 AM
parmod gupta IPO Mentor (500+ Posts, 300+ Likes)	Apply for Listing Gain at Cut-off Price अगर हम पिछले FPO के रिकॉर्ड को देखे तो लगता है कि ये FPO सही return दे देगा It will be good for listing gain as well as long term 1 April 18, 2024 8:18:54 PM
S J P Shares	Avoid Not apply for high risk share April 17, 2024 3:00:38 PM
SatMaverick	Apply for Long Term at Upper Price Band Bharti Hexa gave very good return. Vodafone Idea turnover is many fold over Bharti Hexa. When the rate hike happens post elections, Vodafone Idea will benefit many fold. Apply and hold for 1 year. 1 April 12, 2024 1:23:34 PM
world wide explorer Top Contributor (300+ Posts, 100+ Likes)	Avoid Bound to make losses in future. FPO will only give exit to existing investors. Retailers must stay away. It might give a marginal listing gain, but risk factors overpower the miniscule rewards. April 12, 2024 11:16:27 AM

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