Bharti Hexacom Limited IPO

Mainboard

Telecom - Cellular & Fixed line services

Listed On: Apr 12, 2024 at ₹ 755.0(NSE)

₹ 14820 /26 Shares

Check Allotment

Price Summary

Last Closing

1,363.60 (139.23%)

52 Week High

1,453.95

52 Week Low

755.00

Last Update

19-Sep-2024 3:30 PM

Bharti Hexacom Limited IPO Details

03 Apr, 2024

Open Date

05 Apr, 2024

Close Date

08 Apr, 2024

Allotment Date

12 Apr, 2024

Listing Date

Issue Price

₹542-570 per equity share

Face Value

₹5 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Kfin Technologies Limited

List Price

755.0(NSE)

Listing Date

2024-04-12

Market Lot

Retail : 26 Shares (₹14,820/-)
S-HNI : 364 Shares (₹2,07,480/-)
B-HNI : 1,768 Shares (₹10,07,760/-)

Lead Manager

SBI Capital Markets Limited
Axis Capital Limited
Bob Capital Markets Limited
ICICI Securities Limited
Iifl Securities Ltd

Issue Size

OFS : 75,000,000 shares(aggregating up to ₹4275 Cr)

Retail Portion

10% (Number of Retail Applications: 2,88,461 Approx),
(Number of S-HNI Applications : 10,302 Approx),
(Number of B-HNI Applications : 20,604 Approx)

Subscription

29.87 times

IPO Docs

DRHP RHP ANCHOR

Bharti Hexacom Limited IPO Subscription Details

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	22,500,000	11,250,000 7,500,000 7,500,000	7,500,000	41,250,000
Day 1 - 03-04-24 05:00 PM	0.29 x	0.36 0.41 x 0.25 x	0.48 x	0.34 x
Day 2 - 04-04-24 05:00 PM	0.82 x	1.71 1.98 x 1.18 x	1.15 x	1.12 x
Day 3 - 05-04-24 05:00 PM	48.57 x	10.51 12.27 x 6.99 x	2.81 x	29.87 x

Total No. of Applications: 6,16,057 (Approx)

Bharti Hexacom Limited Valuations

EPS Pre IPO

₹10.98/-

EPS Post IPO

₹7.51/-

P/E Pre IPO

51.89

P/E Post IPO

75.85

RoNW

7.08%

Bharti Hexacom Limited Company Financials All values are in ₹ Cr.

	31-Mar-23	31-Mar-22	31-Mar-21
Assets	18,252.90	16,674.30	15,003.50
Revenue	6,719.20	5,494.00	4,704.30
Profit After Tax	549.20	1,674.60	-1,033.90
Net Worth	3,978.80	3,573.20	1,898.70
Reserves & Surplus	4,166.10	3,410.50	1,736.00
Total Borrowing	6,253.00	7,198.30	5,975.20

About The Company

Bharti Hexacom Limited was incorporated on April 20, 1995. The Company is a wholly owned subsidiary of Bharti Airtel Limited, wherein Bharti Airtel Limited holds 70% of the equity share capital of the Company and Government of India through Telecommunication Consultants of India Limited hold 30% of the equity share capital of the Company.

The Company is into telecommunication business in Rajasthan and North East Circle. The Company is the largest mobile telephony services in Rajasthan and North Eastern regions of India. The Company is also the provider of fixed line and broadband services in Rajasthan regions of India. The Company is committed to provide best in class customer experience through brilliant network experience. The Company continues to invest in technology and network to lead the market with highest customer base and revenue.

The company provides services in states such as Rajasthan and Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura.

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.

Bharti Hexacom Limited - Strength and Weakness

Strength

They were at the number one position in the North East circle during the 6 months ended September 30, 2023 and Fiscals 2023 and 2022. In Rajasthan, they stood at the close second position during the six months ended September 30, 2023.

Airtel owns 70% of their outstanding equity share capital. Airtel is a global communications solutions provider with over 500 million customers in 17 countries across South Asia and Africa. This helps Bharti Hexacom benefit from the economies of scale and distribution that its partner company can provide.

Weakness

They derive their revenues from providing mobile telephone services in Rajasthan and the North East circle and any unfavourable developments in such regions could adversely affect their business, results of operations and financial condition.

In the highly regulated telecommunications market, their licenses and spectrum allocations are subject to terms and conditions, ongoing review and varying interpretations, each of which may result in modification, suspension, early termination, expiry on completion of the term or additional payments, etc.

Bharti Hexacom Limited - Promoter(s)

Pre Issue Share Holding: 70%

Post Issue Share Holding: N/A%

Company Promoter(s)

Bharti Airtel Limited

Bharti Hexacom Limited IPO - Issue Objectives

To carry out the Offer for Sale of up to 75,000,000 Equity Shares by the Selling Shareholder
Achieve the benefits of listing the Equity Shares on the Stock Exchanges.

Bharti Hexacom Limited IPO - Anchor Investors

Bharti Hexacom, the subsidiary of the country's second-largest telecom operator Bharti Airtel, has raised around Rs 1,924 crore through its anchor book, ahead of the opening of the IPO, which includes top global investors like Capital Group, Fidelity, Blackrock and ADIA.

Other large foreign institutional investors like Wellington Management, Schroder, Aberdeen, and Nomura were also part of the anchor book.

10 mutual fund houses by AUM in the country as well as some of the large domestic insurance companies like SBI Life Insurance, HDFC Life Insurance and ICICI Prudential life Insurance,

Other Details

Company Contact Details

Bharti Hexacom Limited

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

Phone: +011-46666100

Email: bhartihexacom@bharti.in

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

Registrar Contact Details

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: bhl.ipo@kfintech.com

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

Bharti Hexacom Limited IPO - FAQs

Ans. Bharti Hexacom Limited IPO is a Mainboard IPO. The issue is priced at ₹542-570 per equity share. The minimum order quantity is 26 Shares. The IPO opens on Apr 3, 2024, and closes on Apr 5, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Bharti Hexacom Limited IPO opens on Apr 3, 2024 and closes on Apr 5, 2024.

Ans. The size of Bharti Hexacom Limited IPO is OFS : 75,000,000 shares(aggregating up to ₹4275 Cr).

Ans. The IPO price band is set between ₹542-570 per equity share.

Ans. To apply for Bharti Hexacom Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Bharti Hexacom Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Bharti Hexacom Limited IPO is Apr 8, 2024.

Ans. The Bharti Hexacom Limited IPO will be listed on Apr 12, 2024.

Ans. Follow the steps to check the allotment status for Bharti Hexacom Limited IPO here.