Bharti Hexacom IPO is a book built issue of Rs 4,275.00 crores. The issue is entirely an offer for sale of 7.5 crore shares.
Bharti Hexacom IPO opens for subscription on April 3, 2024 and closes on April 5, 2024. The allotment for the Bharti Hexacom IPO is expected to be finalized on Monday, April 8, 2024. Bharti Hexacom IPO will list on BSE, NSE with tentative listing date fixed as Friday, April 12, 2024.
Bharti Hexacom IPO price band is set at ₹542 to ₹570 per share. The minimum lot size for an application is 26 Shares. The minimum amount of investment required by retail investors is ₹14,820. The minimum lot size investment for sNII is 14 lots (364 shares), amounting to ₹207,480, and for bNII, it is 68 lots (1,768 shares), amounting to ₹1,007,760.
SBI Capital Markets Limited, Axis Capital Limited, Bob Capital Markets Limited, ICICI Securities Limited and Iifl Securities Ltd are the book running lead managers of the Bharti Hexacom IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Bharti Hexacom IPO RHP for detailed information.
Bharti Hexacom IPO Details
| IPO Date | April 3, 2024 to April 5, 2024 |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Price Band | ₹542 to ₹570 per share |
| Lot Size | 26 Shares |
| Total Issue Size | 75,000,000 shares (aggregating up to ₹4,275.00 Cr) |
| Offer for Sale | 75,000,000 shares of ₹5 (aggregating up to ₹4,275.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 500,000,000 |
| Share holding post issue | 500,000,000 |
Bharti Hexacom IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not More than 75% of the Net Issue |
| Retail Shares Offered | Not more than 10% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
Bharti Hexacom IPO Timeline (Tentative Schedule)
Bharti Hexacom IPO opens on April 3, 2024, and closes on April 5, 2024.
| IPO Open Date | Wednesday, April 3, 2024 |
| IPO Close Date | Friday, April 5, 2024 |
| Basis of Allotment | Monday, April 8, 2024 |
| Initiation of Refunds | Wednesday, April 10, 2024 |
| Credit of Shares to Demat | Wednesday, April 10, 2024 |
| Listing Date | Friday, April 12, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 5, 2024 |
Bharti Hexacom IPO Lot Size
Investors can bid for a minimum of 26 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 | 26 | ₹14,820 |
| Retail (Max) | 13 | 338 | ₹192,660 |
| S-HNI (Min) | 14 | 364 | ₹207,480 |
| S-HNI (Max) | 67 | 1,742 | ₹992,940 |
| B-HNI (Min) | 68 | 1,768 | ₹1,007,760 |
| Lot Size Calculator | |||
Bharti Hexacom IPO Promoter Holding
The Promoter of the Company is Bharti Airtel Limited
| Share Holding Pre Issue | 70.00% |
| Share Holding Post Issue |
About Bharti Hexacom Limited
Incorporated in 1995, Bharti Hexacom Limited provides fixed-line telephone and broadband services to customers in Rajasthan and North East telecom circles in India.
The company provides services in states such as Rajasthan and Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura. ;
By December 31, 2023, the company has invested ₹206 billion in digital infrastructure capital expenditures to be future-ready.
As of December 31, 2023, the company has 27.1 million customers across 486 census towns.
As of December 31, 2023, there were 616 distributors and 89,454 retail touchpoints in the distribution network.
As of December 31, 2023, the company had 19,144 thousand data customers, out of which 18,839 thousand were 4G and 5G customers.
Bharti Hexacom Limited Financial Information (Restated Standalone)
Bharti Hexacom Limited’s revenue increased by 22.3% and profit after tax (PAT) dropped by -67.2% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 19,603.00 | 18,252.90 | 16,674.30 | 15,003.50 |
| Revenue | 5,420.80 | 6,719.20 | 5,494.00 | 4,704.30 |
| Profit After Tax | 281.80 | 549.20 | 1,674.60 | -1,033.90 |
| Net Worth | 3,978.80 | 3,972.20 | 3,573.20 | 1,898.70 |
| Reserves and Surplus | 4,166.10 | 3,959.50 | 3,410.50 | 1,736.00 |
| Total Borrowing | 6,253.00 | 6,269.30 | 7,198.30 | 5,975.20 |
| Amount in ₹ Crore | ||||
Key Performance Indicator
The market capitalization of Bharti Hexacom IPO is Rs 28500 Cr.
KPI as of December 31, 2023.
| KPI | Values |
|---|---|
| Debt/Equity | 1.41 |
| RoNW | 7.08% |
| P/BV | 6.45 |
Check Bharti Hexacom IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 10.98 | 7.51 |
| P/E (x) | 51.89 | 75.85 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of December 31, 2023 that is available in RHP.
Objects of the Issue (Bharti Hexacom IPO Objectives)
The objects of the Offer are to
- To carry out the Offer for Sale of up to 75,000,000 Equity Shares by the Selling Shareholder; and
- Achieve the benefits of listing the Equity Shares on the Stock Exchanges.
Bharti Hexacom IPO Review (Apply)
[Dilip Davda] The company is having strong parentage of “Airtel” group. Its one-time accounting adjustments kept the net profit on de-growth mode, but at the gross level, it marked growth. Based on 9M-FY24 earnings, the issue appears fully priced. It enjoys virtual leadership in the telecom circles it is operating and is confident of maintain the lead. Investors may park funds for the medium to long term rewards. Read detail review…
Bharti Hexacom Limited Contact Details
Bharti Hexacom Limited
Bharti Crescent, 1
, Nelson Mandela Road
Vasant Kunj, Phase II, New Delhi-110 070
Phone: 011-46666100
Email: bhartihexacom@bharti.in
Website: https://www.bhartihexacom.in/
Bharti Hexacom IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: bhl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/