Bharti Hexacom IPO vs TBO Tek IPO

Comparision between Bharti Hexacom IPO and TBO Tek IPO.

IPO Details

Bharti Hexacom IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while TBO Tek IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Bharti Hexacom IPO	TBO Tek IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	SBI Capital Markets Limited Axis Capital Limited Bob Capital Markets Limited ICICI Securities Limited Iifl Securities Ltd	Axis Capital Limited Jefferies India Private Limited Goldman Sachs (India) Securities Private Limited Jm Financial Limited
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Bharti Hexacom IPO is up to ₹4,275.00 Cr whereas the issue size of the TBO Tek IPO is up to ₹1,550.81 Cr. The final issue price of Bharti Hexacom IPO is ₹570.00 per share and of TBO Tek IPO is ₹920.00 per share.

	Bharti Hexacom IPO	TBO Tek IPO
Face Value	₹5 per share	₹1 per share
Issue Price (Lower)	₹542.00 per share	₹875.00 per share
Issue Price (Upper)	₹570.00 per share	₹920.00 per share
Issue Price (Final)	₹570.00 per share	₹920.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	26 shares	16 shares
Fresh Issue Size		43,47,826 shares
Fresh Issue Size (Amount)		up to ₹400.00 Cr
OFS Issue Size	7,50,00,000 shares	1,25,08,797 shares
OFS Issue Size (Amount)	up to ₹4,275.00 Cr	up to ₹1,150.81 Cr
Issue Size Total	7,50,00,000 shares	1,68,56,623 shares
Issue Size Total (Amount)	up to ₹4,275.00 Cr	up to ₹1,550.81 Cr

IPO Timetable

Bharti Hexacom IPO opens on Apr 03, 2024, while TBO Tek IPO opens on May 08, 2024. The closing date of Bharti Hexacom IPO and TBO Tek IPO is Apr 05, 2024, and May 10, 2024, respectively.

	Bharti Hexacom IPO	TBO Tek IPO
Anchor Bid Date	Apr 02, 2024	May 07, 2024
Issue Open	Apr 03, 2024	May 08, 2024
Issue Close	Apr 05, 2024	May 10, 2024
Basis Of Allotment (Tentative)	Apr 08, 2024	May 13, 2024
Initiation of Refunds (Tentative)	Apr 10, 2024	May 14, 2024
Credit of Share (Tentative)	Apr 10, 2024	May 14, 2024
Listing date (Tentative)	Apr 12, 2024	May 15, 2024
Anchor Lockin End date 1	May 08, 2024	Jun 12, 2024
Anchor Lockin End date 2	Jul 07, 2024	Aug 11, 2024

Financials

Bharti Hexacom IPO P/E ratio is 51.89, as compared to TBO Tek IPO P/E ratio of 64.58.

Bharti Hexacom IPO

TBO Tek IPO

Financial

Bharti Hexacom Limited Financial Information (Restated Standalone)

Bharti Hexacom Limited's revenue increased by 22.3% and profit after tax (PAT) dropped by -67.2% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
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	281.80	549.20	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
Amount in ₹ Crore

TBO Tek Limited Financial Information (Restated Consolidated)

TBO Tek Limited's revenue increased by 112.09% and profit after tax (PAT) rose by 340.4% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	3,754.05	2,557.93	1,271.43	576.16
Revenue	1,039.56	1,085.77	511.93	176.55
Profit After Tax	154.18	148.49	33.72	-34.14
Net Worth	501.21	337.19	231.90	204.07
Reserves and Surplus	478.43	317.57	214.08	197.58
Total Borrowing	2.93	6.36	2.69
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

70.00%

51.26%

Promoter Shareholding (Post-Issue)

70.00%

P/E Ratio

51.89

64.58

Market Cap

₹28500.00 Cr.

₹9990.08 Cr.

ROE

ROCE

Debt/Equity

1.41

EPS

₹10.98

₹14.25

RoNW

7.08%%

30.76%

Shares Offered

In the Bharti Hexacom IPO retail investors (RII) are offered 75,00,000 shares while in TBO Tek IPO retail investors are offered 75,00,000 shares. Qualified institutional buyers (QIB) are offered 2,25,00,000 shares in Bharti Hexacom IPO and 50,47,204 shares in TBO Tek IPO.

	Bharti Hexacom IPO	TBO Tek IPO
Anchor Investor Reserveration	3,37,50,000 shares	75,70,807 shares
Market Maker Reserveration
QIB	2,25,00,000 shares	50,47,204 shares
NII	1,12,50,000 shares	25,23,602 shares
RII	75,00,000 shares	16,82,401 shares
Employee	0 shares	32,609 shares
Others
Total	4,12,50,000 shares	92,85,816 shares

Bids Received (Subscription)

Bharti Hexacom IPO subscribed 29.88x in total, whereas TBO Tek IPO subscribed 86.69x.

	Bharti Hexacom IPO	TBO Tek IPO
QIB (times)	48.57x	125.51x
NII (times)	10.52x	50.60x
Big NII (times)	12.27x	55.82x
Small NII (times)	7.00x	40.15x
RII (times)	2.83x	25.72x
Employee (times)		17.81x
Other (times)
Total (times)	29.88x	86.69x

Compare with others

Bharti Hexacom IPO	TBO Tek IPO
Aadhar Housing Finance IPO	ixigo IPO
TBO Tek IPO	Kronox Lab Sciences IPO
Indegene IPO	Awfis Space Solutions IPO
JNK India IPO	Go Digit IPO
VI FPO	Aadhar Housing Finance IPO
SRM Contractors IPO	Indegene IPO
Popular Vehicles & Services IPO	JNK India IPO
Gopal Namkeen IPO	VI FPO
Krystal Integrated Services IPO	Bharti Hexacom IPO
JG Chemicals IPO	SRM Contractors IPO

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