Bharti Hexacom Limited IPO Detail
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.
Company Promoters
Bharti Airtel LimitedIPO Details
| IPO Opening Date | Apr 03, 2024 |
| IPO Closing Date | Apr 05, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹5 per equity share |
| IPO Price | ₹542 - 570 per equity share |
| Market Lot | 26 Shares |
| Min Order Quantity | 26 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹4,275 Cr |
| Fresh Issue | - |
| Offer for Sale | ₹4,275 Cr |
| Retail Portion | 10% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.29x | 0.26x | 0.41x | 0.36x | 0.50x | 0.35x |
| Day 2 | 0.82x | 1.19x | 1.98x | 1.72x | 1.16x | 1.12x |
| Day 3 | 48.57x | 7.00x | 12.27x | 10.52x | 2.83x | 29.88x |
IPO Tentative Timetable
The Bharti Hexacom Limited IPO open date is Apr 03, 2024, and the close date is Apr 05, 2024. The issue may list on Apr 12, 2024.
| IPO Open Date | Apr 03, 2024 |
| IPO Close Date | Apr 05, 2024 |
| Basis of Allotment Date | Apr 08, 2024 |
| Initiation of Refunds | Apr 10, 2024 |
| Credit of Shares to Demat Account | Apr 10, 2024 |
| IPO Listing Date | Apr 12, 2024 |
IPO Lot Size
The Bharti Hexacom Limited IPO market lot size is 26 shares. A retail-individual investor can apply for up to 13 lots (338 shares or ₹192660).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 26 | ₹14820 |
| Maximum | 13 | 338 | ₹192660 |
IPO Promoter Holding
| Pre Issue Share Holding | 70.00% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Cr.)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 15003.50 | 4704.30 | -1033.90 |
| 31-Mar-22 | 16674.30 | 5494.00 | 1674.60 |
| 31-Mar-23 | 18252.90 | 6719.20 | 549.20 |
| 31-Dec-23 | 19603 | 5420.80 | 281.80 |
Objects of the Issue:
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 Limited IPO Registrar:
KFin Technologies Limited
Bharti Hexacom Limited IPO Lead Manager(s):
SBI Capital Markets Limited Axis Capital Limited Bob Capital Markets Limited ICICI Securities Limited Iifl Securities Ltd
Company Contact Information:
Bharti Hexacom Limited
Bharti Crescent,
1, Nelson Mandela Road,
Vasant Kunj, Phase II, New Delhi-110 070
