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Posted on  March 27, 2024 under  by Meghna Mundhra

Bharti Hexacom IPO Details - Complete Overview of Bharti Hexacom Limited IPO

Bharti Hexacom IPO Price: ₹542 to ₹570
IPO Date Range:
Apr 3, 2024 - Apr 5, 2024

Bharti Hexacom IPO

Foundation & Business Essence

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.

Services

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.

Network and Presence

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.

Bidding Starts In

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Bharti Hexacom IPO Specifics:

IPO DateApril 3, 2024 to April 5, 2024
Listing DateFriday, April 12, 2024
Face Value₹5 per share
Price Band₹542 to ₹570 per share
Lot Size26 shares
Total Issue Size75,000,000 shares
(aggregating up to ₹4,275.00 Cr)
Offer For Sale75,000,000 shares
(aggregating up to ₹4,275.00 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue500,000,000
Share holding post issue500,000,000

Bharti Hexacom IPO Lot Size

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.

ApplicationLotsSharesAmount
Retail (Min)126₹14,820
Retail (Max)13338₹1,92,660
S-HNI (Min)14364₹2,07,480
S-HNI (Max)671,742₹9,92,940
B-HNI (Min)681,768₹10,07,760

Bharti Hexacom IPO Reservation

QIB Shares OfferedNot more than 75% of the Net Issue
Retail Shares OfferedNot less than 10% of the Net Issue
NII (HNI) Shares OfferedNot less than 15% of the Net Issue

Bharti Hexacom IPO Timetable (Important Dates)

IPO Open DateWednesday, April 3, 2024
IPO Close DateFriday, April 5, 2024
Basis of AllotmentMonday, April 8, 2024
Initiation of RefundsWednesday, April 10, 2024
Credit of Shares to DematWednesday, April 10, 2024
Listing DateFriday, April 12, 2024
Cut-off time for UPI mandate confirmation5 PM on April 5, 2024

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Bharti Hexacom Limited IPO Financial Information

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 Ended31 Mar 202131 Mar 202231 Mar 202331 Dec 2023
Assets15,003.5016,674.3018,252.9019,603
Revenue4,704.305,4946,719.205,420.80
Profit After Tax-1,033.901,674.60549.20281.80
Net Worth1,898.703,573.203,972.203,978.80
Reserves & Surplus1,7363,410.503,959.204,166.10
Total Borrowing5,975.207,198.306,269.306,253
Amount in ₹ Crore

Key Performance Indicator - Bharti Hexacom IPO

KPIValues
Market Cap (Rs Cr)28,500
P/E (x)51.89
Debt/ Equity1.41
EPS10.98
RoNW7.08%

Objects of the Issue:

The objectives of the Offer are:

  • To conduct the Offer for Sale of a maximum of 75,000,000 Equity Shares by the Selling Shareholder.
  • To realize the advantages associated with listing the Equity Shares on the Stock Exchanges.

Prospectus Links:

Prospectus: Official documents that provide detailed information about the IPO and the company. Bharti Hexacom DRHP and Bharti Hexacom RHP.

Frequently Asked Questions

What is an IPO?

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.

Why do companies go public with an IPO?

Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.

What is the price range for the "Bharti Hexacom Limited" IPO?

The price range for the"Bharti Hexacom Limited" IPO is ₹542 to ₹570 per share.

When will the "Bharti Hexacom Limited" IPO be listed on the stock exchange?

The "Bharti Hexacom Limited" IPO is expected to be listed on Friday, 12 April 2024.

How to apply for an IPO with Lakshmishree?

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Go to www.lakshmishree.com/ipo
Select the desired IPO and fill in the required details.
Confirm your application and make the payment.
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How can I check the subscription status of an IPO on Lakshmishree?

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Written by Meghna Mundhra

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