26-Mar-2024
2 mins read
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Bharti Hexacom IPO is open for subscription starting Wednesday, April 3, 2024, and closing on Friday, April 5, 2024. The price is decided at Rs 542 to Rs 570 per share. The minimum lot size of this application for the retail category is 26 shares. The minimum lot size for small non-institutional investors is 14 lots consisting of 364 shares. Meanwhile, the minimum lot for big non-institutional investors is 68 lots with 1768 shares. The minimum investment required for retail category investors is Rs 14,820 ( 570 x 26 shares). However, for small non-institutional investors, the minimum investment amount required is Rs 2,07,480 (570 x 364 shares); for big non-institutional investors, it is Rs 10,07,760 (570 x 1768 shares). Bharti Hexacom IPO is a book-built issue of Rs 4,275 crores. The issue is completely an offer for sale of 7.5 crore equity shares. The allotment for this IPO is expected to be finalised on Monday, April 8, 2024.
Bharti Hexacom Limited IPO will be listed on both BSE and NSE, and the listing date is fixed on Friday, April 12, 2024. The book-running lead managers of Bharti Hexacom Limited are SBI Capital Markets Limited, Axis Capital Limited, Bob Capital Markets Limited, ICICI Securities Limited and IIFL Securities. The registrar for this new IPO is Kfin Technologies Limited.
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About Bharti Hexacom Limited
Bharti Hexacom company was incorporated in 1995, engaged in the business of telecom. It provides fixed-line and telephone services in Rajasthan and areas of North East. The company is a wholly owned subsidiary of Bharti Airtel Limited. The 70% shareholding of Bharti Hexacom is owned by Bharti Airtel and remaining 30% is owned by Telecom Consultants of India Limited. The Bharti Hexacom continues to invest in technology and network to lead the market with the highest customer base and revenue. As per record, by the end of December 2023, the company has invested Rs 206 billion in digital infrastructure to be future ready. Moreover, as of 31 December 2023, the company has 27.1 million customers across 486 census towns. Company had 616 distributors and 89,454 retail touchpoints in the distribution network.
Objectives of Bharti Hexacom IPO
The objectives of this issue carry out the offer for sale of 7.5 crore equity shares by selling shareholders. Meanwhile, Bharti Hexacom will get the benefits of listing the shares on Stock Exchange.
Financials of Bharti Hexacom Limited (Amt in Rs Crore)
Bharti Hexacom reported a revenue of Rs 5,420.80 crore and net profit of Rs 281.80 crore for the year ending on March 31, 2023. The company’s revenue increased by 22.3% and PAT dropped by 67.2% between the FY ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31-Dec-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 19,603.00 | 18,252.90 | 16,674.30 | 15,003.50 |
| Revenue | 5,420.80 | 6,719.20 | 5,494.00 | 4,704.30 |
| Profit After Tax | 281.8 | 549.2 | 1,674.60 | -1,033.90 |
| Net Worth | 3,978.80 | 3,972.20 | 3,573.20 | 1,898.70 |
| Reserves and Surplus | 4,166.10 | 3,959.50 | 3,410.50 | 1,736.00 |
| Total Borrowing | 6,253.00 | 6,269.30 | 7,198.30 | 5,975.20 |
Other Important Details of Bharti Hexacom Limited IPO
| IPO Date | April 3, 2024 to April 5, 2024 |
| Listing Date | 12-Apr-24 |
| Face Value | Rs 5 per share |
| Price Band | Rs 542 to Rs 570 per share |
| Lot Size | 26 Shares |
| Total Issue Size | 75,000,000 shares amounting to Rs 4,275 crore |
| Offer for Sale | 75,000,000 shares of Rs 5 amounting to Rs 4,275 crore |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 500,000,000 |
| Shareholding post issue | 500,000,000 |
Time-Table of Bharti Hexacom Limited IPO
| 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 | 5 PM on April 5, 2024 |
Lot Size of Bharti Hexacom Limited IPO
| Application | Lots | Shares | Amount |
| Retail - minimum | 1 | 26 | Rs 14,820 |
| Retail - maximum | 13 | 338 | Rs 192,660 |
| S-HNI - minimum | 14 | 364 | Rs 207,480 |
| S-HNI - maximum | 67 | 1,742 | Rs 992,940 |
| B-HNI - minimum | 68 | 1,768 | Rs 1,007,760 |
IPO Reservation of Bharti Hexacom Limited
| Investor Category | Shares Offered |
| QIB Shares | Not more than 75 percent of the Issue |
| Retail Shares | Not more than 10 percent of the Issue |
| NII (HNI) Shares | Not more than 15 percent of the Issue |
Promoters of Bharti Hexacom Limited and Their Holdings
The promoters of Bharti Hexacom company are Bharti Airtel Limited.
| Shareholding Pre Issue | 70 percent |
| Shareholding Post Issue | - |
Key Performance Indicator of Bharti Hexacom Limited IPO
| KPI | Values |
| Debt/Equity | 1.41 |
| RoNW | 7.08% |
| P/BV | 6.45 |
EPS and P/E Ratio Post IPO
| Pre IPO | Post IPO | |
| EPS (Rs) | 10.98 | 7.51 |
| P/E | 51.89 | 75.85 |
Lead Manager(s) of Bharti Hexacom Limited IPO
The lead manager for Bharti Hexacom Limited IPO is SBI Capital Markets Limited, Axis Capital Limited, Bob Capital Markets Limited. ICICI Securities Limited and IIFL Securities.
How do you apply for the Bharti Hexacom Limited IPO?
Wait for the public issue to open for subscription, then visit Bigul website to apply for the Bharti Hexacom Limited IPO with Bigul.
How do you check the allotment status of Bharti Hexacom Limited IPO?
The registrar for Bharti Hexacom Limited IPO is Kfin Technologies Limited. To check your allotment status, please click here.
FAQs
- What is Bharti Hexacom Limited IPO 2024?
Bharti Hexacom IPO is a book-built issue of Rs 4,275 crores. The issue is completely an offer for sale of 7.5 crore equity shares. The allotment for this IPO is expected to be finalised on Monday, April 8, 2024.
- Who are the lead managers for the Bharti Hexacom Limited IPO?
SBI Capital Markets Limited, Axis Capital Limited, Bob Capital Markets Limited, ICICI Securities Limited and IIFL Securities are appointed as the lead managers for the IPO.
- What is the role of Bigshare Services Private in this IPO?
Bigshare Services Private Limited is the registrar for Bharti Hexacom Limited, handling the IPO's administrative aspects.
- How can I apply for the Bharti Hexacom Limited IPO?
The public subscription of this IPO will open on April 12, 2024. Visit the Bigul website for the application process.
- How will the net proceeds from the IPO be utilised?
The objectives of this issue carry out the offer for sale of 7.5 crore equity shares by selling shareholders. Meanwhile, Bharti Hexacom will get the benefits of listing the shares on Stock Exchange.
- How can I check the allotment status of the IPO?
Investors can check the allotment status of the Bharti Hexacom Limited IPO 2024 by visiting here.
- What is the financial performance of Bharti Hexacom Limited?
Bharti Hexacom reported a revenue of Rs 5,420.80 crore and net profit of Rs 281.80 crore for the year ending on March 31, 2023. The company’s revenue increased by 22.3% and PAT dropped by 67.2% between the FY ending with March 31, 2023 and March 31, 2022.
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