Bharti Hexacom - AstroIPO

Bharti Hexacom IPO


April 2, 2024 Written By Mihir Gohel, Reviewed and Fact Checked by Harpal Parmar

Bharti Hexacom Ltd., a prominent player in the telecom sector, is set to launch its IPO on April 3, 2024. The company is offering a substantial 750 lakh shares at a price band of Rs. 542-570 per share, aiming to raise between Rs. 4,065-4,275 crore.

The IPO will be open for three days, closing on April 5, 2024. Retail subscribers can apply for a minimum of 26 shares, with a maximum subscription limit of Rs. 5 lakh. The shares are scheduled to list on both NSE and BSE on April 12, 2024.

Bharti Hexacom operates in the telecommunications service provider industry, a sector that has become increasingly vital in our digital age. The company’s presence in this dynamic market could offer growth potential as data consumption and connectivity demands continue to rise.

This IPO stands out due to its significant size, indicating the company’s substantial capital requirements and growth ambitions. This IPO offers a chance to be part of India’s evolving digital landscape through a established telecom service provider.

Bharti Hexacom IPO Details

IPO Size 4,275
Price Range ₹542 to ₹570
Retail Quota 10%
QIB Quota 75%
NII Quota 15%
Employee Discount --
Listing at NSE and BSE
Minimum Quantity 26
Investment (cut-off price) ₹14,820
Pre IPO Promotor Holding 70.00%
Post IPO Promotor Holding 70.00%
DHRP Draft Click Here
RHP Draft Click Here
Anchor Investors List Click Here

Bharti Hexacom IPO Timelines

03/04/2024
Start Date
05/04/2024
End Date
08/04/2024
Allotment Date View Status
10/04/2024
Refund Initiation
10/04/2024
Credit of Shares to Demat Ac
12/04/2024
Listing Date

Bharti Hexacom IPO Lot Size

Application Lot Size Shares Amount
Retail Minimum 1 26 ₹14,820
Retail Maximum 13 338 ₹192,660
S-HNI Minimum 14 364 ₹207,480
S-HNI Maximum 67 1742 ₹992,940
B-HNI Minimum 68 1768 ₹1,007,760

Bharti Hexacom IPO Subscription Status

QIB NII Retail EMP Total
48.57 x 10.52 x 2.83 x -- 29.88 x

IPO Performance on Listing Day

Opening Price Closing Price Day High Day Low
₹755 ₹813.30 ₹880 ₹755

Bharti Hexacom IPO Company Financials

Year Total Income Total Expense PAT
FY 2021 ₹4704.3 ₹3549.9 ₹1033.9
FY 2022 ₹5494.0 ₹3591.2 ₹1674.6
FY 2023 ₹6719.2 ₹3793.3 ₹549.2
FY 2024 (9M) ₹5420.8 ₹2737.4 ₹281.8

About Company

Bharti Hexacom Limited is a communications solutions provider offering consumer mobile services, fixed-line telephone and broadband services to customers in the Rajasthan and the North East telecommunication circles in India, which comprises the states of Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura.

The Company offers its services under the brand `Airtel’. Its revenue market share for the Rajasthan circle was 40.4%, 39.2%, 39.5%, 36.7% and 32.7%, while for the North East circle was 52.7%, 52.4%, 52.5%, 48.5% and 42.0% during the nine months ended December 31, 2023 and 2022 and Fiscals 2023, 2022 and 2021, respectively.

Incorporation Date Sector Managing Director
1995 Telecon Jagdish Saxena

Know Before Investing

Bharti Hexacom IPO Strengths

  • The company has established its Leadership and has a large customer base in its area of operations.
  • It operates in the Rajasthan and North East telecommunication circles in India, which are high-growth markets.
  • It is an Established Brand and has an Extensive Distribution and Service Network.
  • The company rely on a robust network infrastructure through owned and leased assets.
  • Experienced management team.

Bharti Hexacom IPO Risks

  • The business can be impacted by regulatory ceilings on pricing or pricing pressure.
  • It has incurred significant indebtedness.
  • The company has incurred losses in the past.
  • It is a highly working capital-intensive business.
  • A large part of its passive infrastructure is not owned by the company.
  • The company faced intense competition.
  • It has reported negative cash flow in the past.

Swot Analysis for Bharti Hexacom IPO

Strengths

Weaknesses

Opportunities

Threats

Contact Details of IXIGO

Bharti Hexacom Limited Bharti Crescent, 1, Nelson Mandela Road Vasant Kunj, Phase II, New Delhi-110 070 Phone: 011-46666100 Email: [email protected] Websitehttps://www.bhartihexacom.in/

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: [email protected]

Website: https://kosmic.kfintech.com/ipostatus/

Company Details

Bharti Hexacom Limited

Bharti Crescent, 1
, Nelson Mandela Road
Vasant Kunj, Phase II, New Delhi-110 070

Phone: 011-46666100

Email: [email protected]

Website: https://www.bhartihexacom.in/

IPO Registar Details

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: [email protected]

Website: https://kosmic.kfintech.com/ipostatus/

FAQs

The key objectives of Bharti Hexacom Ltd IPO are:

  • 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.

BOB Capital Markets Ltd, SBI Capital Markets Ltd, ICICI Securities Ltd, Axis Capital Ltd., Axis Capital Ltd. are the book-running lead managers for the Bharti Hexacom Ltd IPO.

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