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Idea Cellular IPO is a book built issue of Rs 2,125.00 crores.
Idea Cellular IPO bidding started from February 12, 2007 and ended on February 15, 2007. The shares got listed on BSE, NSE on March 9, 2007.
Idea Cellular IPO price band is set at ₹65 to ₹75 per share. The minimum lot size for an application is 90 Shares. The minimum amount of investment required by retail investors is ₹6,750.
Citigroup Global Markets India Private Limited, Bofa Securities India Limited and Ubs Securities India Private Limited are the book running lead managers of the Idea Cellular IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Idea Cellular IPO RHP for detailed information.
| IPO Date | February 12, 2007 to February 15, 2007 |
| Listing Date | March 9, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹65 to ₹75 per share |
| Lot Size | 90 Shares |
| Total Issue Size | 283,333,333 shares (aggregating up to ₹2,125.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 2,309,527,206 |
| Share holding post issue | 2,635,360,539 |
Investors can bid for a minimum of 90 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 90 | ₹6,750 |
| Retail (Max) | 29 | 2610 | ₹195,750 |
| Lot Size Calculator | |||
Idea Cellular Limited, an Aditya Birla Group company is a leading mobile operator in India and currently operates in 11 Circles.
Following the growth opportunities in the Indian telecommunications market, Idea Cellular is among fastest growing mobile operator.
Idea Cellular provide mobile services in 11 Circles in India, namely the metropolitan Circle of Delhi, the category A Circles of Andhra Pradesh, Gujarat and Maharashtra, the category B Circles of Haryana, Kerala, Madhya Pradesh, Rajasthan, Uttar Pradesh (East) and Uttar Pradesh (West) and the category C Circle of Himachal Pradesh.
More facts:
1. For the financial years 2005 and 2006, Idea's gross revenues were approximately Rs. 22.68 billion and Rs. 29.73 billion, respectively.
2. Idea Recently got license for the Mumbai and Bihar Circles.
| KPI | Values |
|---|---|
| RoNW | 18.08% |
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges and to raise capital to
1. Building, strengthening and expanding our network and related services in the New Circles;
2. Entry Fee and capital expenditure for NLD operations;
3. Roll-out of services in Mumbai Circle;
4. Redemption of preference shares.
The Idea Cellular IPO is subscribed 49.51 times on February 15, 2007 5:00:00 PM. The public issue subscribed 3.87 times in the retail category, 78.68 times in the QIB category, and 22.82 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | March 9, 2007 |
| BSE Script Code | 532822 |
| NSE Symbol | IDEA |
| ISIN | INE669E01016 |
| Final Issue Price | ₹75 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹75.00 |
| ₹92.40 |
| ₹84.00 |
| ₹94.25 |
| ₹85.55 |
| NSE |
|---|
| ₹75.00 |
| ₹85.00 |
| ₹84.40 |
| ₹92.00 |
| ₹85.70 |
Idea Cellular Limited
Idea Cellular Limited,
Suman Tower, Plot No. 18, Sector-11,
Gandhinagar – 382011 India.
Phone: +91 79 6671 4000
Email: shs@ideacellular.com
Website: http://www.ideacellular.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ideaipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Idea Cellular IPO is a main-board IPO of 283,333,333 equity shares of the face value of ₹10 aggregating up to ₹2,125.00 Crores. The issue is priced at ₹65 to ₹75 per share. The minimum order quantity is 90 Shares.
The IPO opens on February 12, 2007, and closes on February 15, 2007.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Idea Cellular IPO opens on February 12, 2007 and closes on February 15, 2007.
Idea Cellular IPO lot size is 90 Shares, and the minimum amount required is ₹6,750.
You can apply in Idea Cellular IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Idea Cellular IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Idea Cellular IPO allotment status.
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RHP
Aditya Birla group company Idea Cellular has posted 133.23 per cent rise in net profit at Rs 132.01 crore in the fourth quarter ended March 31, 2007, compared with Rs 56.60 crore recorded during the same period of the previous financial year.
The company’s total revenues rose to Rs 855.54 crore during the reporting quarter from Rs 584.86 crore recorded during the same period a year ago.
The cellular major’s total revenue increased to Rs 1341.06 crore during the quarter from Rs 865.87 crore recorded during the comparable period a year ago.
The company’s subscriber base for the year stood at 14.01 million, augmented by 90.2 per cent increase over the previous year. This reflects an improvement in the national market share from 7.65 per cent to 8.63 per cent.
The company has launched services in eastern Uttar Pradesh, Rajasthan and Himachal Pradesh during the third quarter. Idea Cellular has licences to operate in 13 telecom circles in India.