Bharti Hexacom IPO Price: ₹542 to ₹570
IPO Date Range: Apr 3, 2024 - Apr 5, 2024
Bharti Hexacom Limited is a well-known communication solutions provider in India. Established in 1995 as Hexacom India Ltd, the company was acquired by Airtel in 2004 and rebranded as Bharti Hexacom Ltd. Airtel holds a majority stake of 70%, while the Government of India owns the remaining 30% equity share capital through Telecommunications Consultants India Ltd (TCIL). Bharti Hexacom offers a range of services under the 'Airtel' brand and primarily operates in the Rajasthan and North East telecom circles.
Bharti Hexacom focuses on offering high-quality services to its customers, with the goal of providing exceptional experiences. The company uses an omnichannel approach and data science to achieve this. Their Airtel Black package offers digital services that are tailored to meet individual needs, including family and converged plans. This focus on premium services has helped Bharti Hexacom increase its revenue market share in recent years. Their spectrum portfolio includes mid-band spectrum (1800/2100/2300 MHz bands) that will be valid beyond 2030.
Bharti Hexacom has made substantial investments in network expansion, technology advancement, and spectrum acquisitions to bolster its future-ready digital infrastructure. Leveraging synergies from its relationship with its majority owner, Airtel, the company benefits from extensive digital infrastructure and services provided by Airtel to its customers.
With a broad distribution and service network, the company has established its presence across the regions it operates in. Efforts to expand this network include the setup of retail outlets and small-format stores, enabling a wider reach across 88 cities as of September 30, 2023. As of the same date, the distribution network comprised 617 distributors and 88,586 retail touchpoints.
| IPO Date | April 3, 2024 to April 5, 2024 |
| Listing Date | Friday, April 12, 2024 |
| 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 (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 |
Bidders have the opportunity to bid for a minimum of 26 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 26 | ₹14,820 |
| Retail (Max) | 13 | 338 | ₹1,92,660 |
| S-HNI (Min) | 14 | 364 | ₹2,07,480 |
| S-HNI (Max) | 67 | 1,742 | ₹9,92,940 |
| B-HNI (Min) | 68 | 1,768 | ₹10,07,760 |
| QIB Shares Offered | Not more than 75% of the Net Issue |
| Retail Shares Offered | Not less than 10% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| 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 |
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Between the fiscal years ending on March 31, 2023, and March 31, 2022, Bharti Hexacom Limited experienced a notable 22.3% growth in revenue. However, during the same period, there was a significant decrease of -67.2% in profit after tax (PAT).
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 | 31 Dec 2023 |
|---|---|---|---|---|
| Assets | 15,003.50 | 16,674.30 | 18,252.90 | 19,603 |
| Revenue | 4,704.30 | 5,494 | 6,719.20 | 5,420.80 |
| Profit After Tax | -1,033.90 | 1,674.60 | 549.20 | 281.80 |
| Net Worth | 1,898.70 | 3,573.20 | 3,972.20 | 3,978.80 |
| Reserves & Surplus | 1,736 | 3,410.50 | 3,959.20 | 4,166.10 |
| Total Borrowing | 5,975.20 | 7,198.30 | 6,269.30 | 6,253 |
| KPI | Values |
|---|---|
| Market Cap (Rs Cr) | 28,500 |
| P/E (x) | 51.89 |
| Debt/ Equity | 1.41 |
| EPS | 10.98 |
| RoNW | 7.08% |
The objectives of the Offer are:
Prospectus: Official documents that provide detailed information about the IPO and the company. Bharti Hexacom DRHP and Bharti Hexacom RHP.
An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.
Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.
The price range for the"Bharti Hexacom Limited" IPO is ₹542 to ₹570 per share.
The "Bharti Hexacom Limited" IPO is expected to be listed on Friday, 12 April 2024.
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