Bharti Hexacom IPO vs VI FPO

Comparision between Bharti Hexacom IPO and VI FPO.

IPO Details

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

	Bharti Hexacom IPO	VI FPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	FPO
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 SBI Capital Markets Limited
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
Market Maker
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 VI FPO is up to ₹18,000.00 Cr. The final issue price of Bharti Hexacom IPO is ₹570.00 per share and of VI FPO is ₹11.00 per share.

	Bharti Hexacom IPO	VI FPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹542.00 per share	₹10.00 per share
Issue Price (Upper)	₹570.00 per share	₹11.00 per share
Issue Price (Final)	₹570.00 per share	₹11.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	26 shares	1298 shares
Fresh Issue Size		16,36,36,36,363 shares
Fresh Issue Size (Amount)		up to ₹18,000.00 Cr
OFS Issue Size	7,50,00,000 shares
OFS Issue Size (Amount)	up to ₹4,275.00 Cr
Issue Size Total	7,50,00,000 shares	16,36,36,36,363 shares
Issue Size Total (Amount)	up to ₹4,275.00 Cr	up to ₹18,000.00 Cr

IPO Timetable

Bharti Hexacom IPO opens on Apr 03, 2024, while VI FPO opens on Apr 18, 2024. The closing date of Bharti Hexacom IPO and VI FPO is Apr 05, 2024, and Apr 22, 2024, respectively.

	Bharti Hexacom IPO	VI FPO
Anchor Bid Date	Apr 02, 2024	Apr 16, 2024
Issue Open	Apr 03, 2024	Apr 18, 2024
Issue Close	Apr 05, 2024	Apr 22, 2024
Basis Of Allotment (Tentative)	Apr 08, 2024	Apr 23, 2024
Initiation of Refunds (Tentative)	Apr 10, 2024	Apr 24, 2024
Credit of Share (Tentative)	Apr 10, 2024	Apr 24, 2024
Listing date (Tentative)	Apr 12, 2024	Apr 25, 2024
Anchor Lockin End date 1	May 08, 2024	May 23, 2024
Anchor Lockin End date 2	Jul 07, 2024	Jul 22, 2024

Financials

Bharti Hexacom IPO P/E ratio is 51.89, as compared to VI FPO P/E ratio of -1.88.

Bharti Hexacom IPO

VI FPO

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

Vodafone Idea Limited Financial Information (Restated Consolidated)

Vodafone Idea Limited's revenue increased by 9.95% and profit after tax (PAT) dropped by -3.74% 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	190,801.80	207,242.70	194,029.10	203,480.60
Revenue	32,125.60	42,488.50	38,644.90	42,126.40
Profit After Tax	-23,563.80	-29,301.10	-28,245.40	-44,233.10
Net Worth	-97,931.90	-74,359.10	-61,964.80	-38,228.00
Reserves and Surplus	-146,611.60	-123,038.80	-94,083.60
Total Borrowing	203,425.70	201,586.00	190,917.70	180,310.30
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

70.00%

48.75%

Promoter Shareholding (Post-Issue)

70.00%

36.87%

P/E Ratio

51.89

-1.88

Market Cap

₹28500.00 Cr.

₹73131.80 Cr.

ROE

ROCE

Debt/Equity

1.41

EPS

₹10.98

₹-5.85

RoNW

7.08%%

Shares Offered

In the Bharti Hexacom IPO retail investors (RII) are offered 75,00,000 shares while in VI FPO retail investors are offered 75,00,000 shares. Qualified institutional buyers (QIB) are offered 2,25,00,000 shares in Bharti Hexacom IPO and 3,27,27,27,273 shares in VI FPO.

	Bharti Hexacom IPO	VI FPO
Anchor Investor Reserveration	3,37,50,000 shares	4,90,90,90,908 shares
Market Maker Reserveration
QIB	2,25,00,000 shares	3,27,27,27,273 shares
NII	1,12,50,000 shares	2,45,45,45,454 shares
RII	75,00,000 shares	5,72,72,72,727 shares
Employee	0 shares	0 shares
Others
Total	4,12,50,000 shares	11,45,45,45,454 shares

Bids Received (Subscription)

Bharti Hexacom IPO subscribed 29.88x in total, whereas VI FPO subscribed 6.99x.

	Bharti Hexacom IPO	VI FPO
QIB (times)	48.57x	19.31x
NII (times)	10.52x	4.54x
Big NII (times)	12.27x	6.04x
Small NII (times)	7.00x	1.55x
RII (times)	2.83x	1.01x
Employee (times)
Other (times)
Total (times)	29.88x	6.99x

Compare with others

Bharti Hexacom IPO	VI FPO
Aadhar Housing Finance IPO	Go Digit IPO
TBO Tek IPO	Aadhar Housing Finance IPO
Indegene IPO	TBO Tek IPO
JNK India IPO	Indegene IPO
VI FPO	JNK India IPO
SRM Contractors IPO	Bharti Hexacom IPO
Popular Vehicles & Services IPO	SRM Contractors IPO
Gopal Namkeen IPO	Popular Vehicles & Services IPO
Krystal Integrated Services IPO	Gopal Namkeen IPO
JG Chemicals IPO	Krystal Integrated Services IPO

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