What you Must know about Bharti Hexacom IPO?
by 5paisa Research Team
28 Mar 2024
Listing Details
- Listing Exchange BSE, NSE
- Listing Date 12-Apr-24
- IPO Price Range ₹542
- Listing Price ₹755.2
- Listing Change 32.5 %
- Last Traded Price ₹1503.6
- Current Change 163.8 %
Bharti IPO Details
- Open Date 03-Apr-24
- Close Date 05-Apr-24
- Lot Size 26
- IPO Size ₹ 4,275 Cr
- IPO Price Range ₹ 542 to ₹570
- Min Investment ₹ 14,092
- Listing Exchange BSE, NSE
- Basis of Allotment 08-Apr-24
- Refunds 10-Apr-24
- Credit to Demat Account 10-Apr-24
- Listing Date 12-Apr-24
Bharti Hexacom IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 03-Apr-24 | 0.29 | 0.36 | 0.50 | 0.34 |
| 04-Apr-24 | 0.82 | 1.72 | 1.16 | 1.12 |
| 05-Apr-24 | 48.57 | 10.51 | 2.82 | 29.88 |
Bharti IPO Synopsis
Bharti Hexacom Limited IPO is set to open from 3rd April to 5th April 2024. The company is a communications solutions provider. The IPO includes an Offer for Sale (OFS) of 75,000,000 shares worth ₹4,275 cr. The share allotment date is 8th April 2024, and the IPO will be listed on 12th April 2024 on the stock exchanges. The price band is set at ₹542 to ₹570 and the lot size is 26 shares.
SBI Capital Markets Limited, Axis Capital Limited, BOB Capital Markets Limited, ICICI Securities Limited, and IIFL Securities Limited are the book-running lead managers for this IPO, while Kfin Technologies Limited is the registrar.
Objectives of Bharti Hexacom IPO
The company will not receive any proceeds from the IPO.
Bharti Hexacom IPO Video
Bharti Hexacom IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO size | 4,275.00 |
| Offer for sale | 4,275.00 |
| Fresh issue | - |
Bharti Hexacom IPO Lot Size
| 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 |
Bharti Hexacom IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| Anchor Allocation | 1 | 3,37,50,000 | 3,37,50,000 | 1,923.750 |
| QIB | 0.82 | 22,500,000 | 1,83,87,954 | 1,048.113 |
| NII (HNI) | 2.40 | 1,12,50,000 | 2,70,22,216 | 1,540.266 |
| Retail | 1.40 | 75,00,000 | 1,05,15,154 | 599.364 |
| Total | 1.36 | 4,12,50,000 | 5,59,25,324 | 3,187.743 |
Bharti Hexacom IPO Anchor Allocation
| Anchor Bid Date | 2 April, 2024 |
| Total no. of shares offered | 33,750,000 |
| Portion Size for Anchor Investors | 1,923.75 Cr. |
| Lock in Period for 50% shares (30 days) | 8 May, 2024 |
| Lock in Period for rest of shares (90 days) | 7 July, 2024 |
About Bharti Hexacom
Established in 1995, Bharti Hexacom Limited is a communications solutions provider and offers services under the brand name Airtel. The company provides three main services i) consumer mobile services ii) fixed-line telephone iii) broadband services.
The company offers this in Rajasthan, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura. Bharti offers digital services that help its growth such as family and converged plans under the Airtel Black proposition. The company has invested ₹206 billion for future digital infrastructure as of December 2023.
Bharti Hexacom has a presence in 486 towns and has an aggregate of 27.1 million customers across both Rajasthan and North Ease states as of December 2023. The company used 24,874 network towers in the same period.
Peer Comparison
● Bharti Airtel Limited
● Vodafone Idea Limited
● Reliance Jio Infocomm Limited
For More Information:
Webstory on Bharti Hexacom IPO
Bharti Hexacom IPO Key Documents:
Bharti Hexacom IPO RHP
Bharti Hexacom IPO DRHP
Bharti Hexacom IPO Anchor Allocation
Bharti Hexacom Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 6579.0 | 5405.2 | 4602.3 |
| EBITDA | 2888.4 | 1898.5 | 1137.3 |
| PAT | 549.2 | 1674.6 | -1033.9 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 18252.9 | 16674.3 | 15003.5 |
| Share Capital | 250.00 | 250.00 | 250.00 |
| Total Borrowings | 14043.4 | 13013.8 | 13017.5 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 5108.4 | 1258.0 | 1517.2 |
| Net cash from / (used in) investing activities | -2030.9 | -1382.5 | -882.5 |
| Net cash flow from / (used in) financing activities | -3111.4 | 183.1 | -604.2 |
| Net increase (decrease) in cash and cash equivalents | -33.9 | 58.6 | 30.5 |
Bharti IPO Key Points
-
Strengths
1. The company has established its Leadership and has a large customer base in its area of operations.
2. It operates in the Rajasthan and North East telecommunication circles in India, which are high-growth markets.
3. It is an Established Brand and has an Extensive Distribution and Service Network.
4. The company rely on a robust network infrastructure through owned and leased assets.
5. Experienced management team.
-
Risks
1. The business can be impacted by regulatory ceilings on pricing or pricing pressure.
2. It has incurred significant indebtedness.
3. The company has incurred losses in the past.
4. It is a highly working capital-intensive business.
5. A large part of its passive infrastructure is not owned by the company.
6. The company faced intense competition.
7. It has reported negative cash flow in the past.
Bharti
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Bharti IPO FAQs
When does the Bharti Hexacom IPO opens and closes?
Bharti Hexacom IPO opens from 3rd April to 5th April 2024.
What is the size of the Bharti Hexacom IPO?
The size of Bharti Hexacom IPO is ₹4,275 cr.
How to apply for the Bharti Hexacom IPO?
To apply for Bharti Hexacom IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Bharti Hexacom IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of Bharti Hexacom IPO?
The price band of Bharti Hexacom IPO is set at ₹542 to ₹570 per share.
What is the minimum lot size and investment required for the Bharti Hexacom IPO?
The minimum lot size of Bharti Hexacom IPO is 26 shares and the minimum investment required to apply for the IPO is ₹14,092.
What is the allotment date of the Bharti Hexacom IPO?
The share allotment date of Bharti Hexacom IPO is 8th April 2024.
What is the Bharti Hexacom IPO listing date?
The Bharti Hexacom IPO will be listed on 12th April 2024.
Who are the book runners for the Bharti Hexacom IPO?
SBI Capital Markets Limited, Axis Capital Limited, BOB Capital Markets Limited, CICI Securities Limited, and IIFL Securities Limited are the book-running lead managers for Bharti Hexacom IPO.
What is the objective of the Bharti Hexacom IPO?
Bharti Hexacom will not receive any proceeds from the IPO.
Contact Details of Bharti Hexacom IPO
Contact Information
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 Register
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: bhl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Bharti Hexacom IPO Lead Manager
IIFL Securities Ltd
ICICI Securities Limited
Bob Capital Markets Limited
Axis Capital Limited
SBI Capital Markets Limited
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