Bharti Hexacom Limited IPO Message Board (Page 39)

Admin can you please upload BOA of Bajaj auto buyback, experts from where can i get it
I am unable to find it on kfintech website.

Is anyone had an idea ?

​@Chalak Lomdi  Kal thi lagbhag varo padse evu lage eno.. 😉👍

40.50 / 41.5

Dhel dhibani 🦚😂 અલંકાર તો ગુજરાતી ભાષા માં જ છે

61 🔥🚀

# Off Topic
Dear experts
Au Small Finance Bank & RBL Bank ka last day HNI application ka cut off timing kya hai

Thanks in advance

Noticed RBL was open till 3.30 pm yesterday but today again closed at 3pm as usual...

​@Safe Bet Maybe because of other days and last day closing varies 🤷🏻‍♂️

Canara robeco me sh quota ho sakta hai kya ?

Canara bank share needs to be purchased to get eligibility in canara robaco?

Yes, Canara Bank is promoter company, but there is no compulsion to offer SH quota. It may or may not be there, will come to know only when DRHP/RHP is made available.

Anchors available or not?

ANCHOR LIST UPDATE TOMORROW

On April 2. as April 1 is bank holiday

On lighter note
Many friends of mine were asking a very silly question

Is this ipo entering in the market to compensate the donation given by the group. 😀😃😄😍🥰😘😂😅

Now confused what to answer them.

​@Rakcyt But heard, Musk is visiting us before elections 😜

Tesla CEO Elon Musk and PM Modi are likely to meet on April 22, following which the company's entry into India will be announced, it was reported. A senior government official informed that there will be a general announcement made on the EV maker's India entry. As per the report, it would be "more of a signalling".

​@Chhote Lal  Unlike precedent, this time around it will be a done deal and formal announcement expected - dramatic change in eco system with focus on EV vehicles, batteries, auto ancillary, renewable energy , charging stations etc etc .

FY has come to end. There were total of 78 mainboard IPOs that hit the markets during the year. Have put the data in excel sheet of all the 78 issues to analyse the performance as on date. Considering 1 retail lot each of ~ Rs. 15,000 from listing if held throughout, here are few points to ponder :

1. Out of total 78 issues, 56 ended up giving positive returns.

2. Top three as per Best returns remained IREDA (324%), Netweb Tech (222%), Signature Globus (201%)

3. Bottom three as per Worst returns turned out to be Credo (-40%), E-pack Durables (-34%) and Muthoot MF (-31%)

4. Average returns of all the 78 IPOs in FY2023-24 is impressive 41% +

5. Here is an interesting finding, even if someone has purchased one lot each of all the IPOs on listing day from secondary markets, current average return would be close to 12.5% +

Hope, the analysis is some use to us for keeping interest in IPOs intact.

Thanks to our friend @Smile✍️ for sharing the list summarising performance of these 78 issues, which facilitated greatly to prepare the Excel sheet.

Wish FY24-25 turns out to be more rewarding to all of us 🙂

​@Chhote Lal what is the confirmed date of listing?
Tomorrow or Friday?

Thanks

​@eVA  There is no confirmation on preponing listing date to 10th April, hence expected only on 12th as per my information.

Expected BHNI subscription? Should we sold bhni fix rate application around 5200/-? Please guide

At present rates in sub2 is near around 11000. So, I guess sub2 is also not bad deal, compare to Fix rate. That will provide buffer in both cases,

case-1 : If Bharti group pushes some money in to grey & anchor book pops up with some blasting name, than the BHNI subscription- as claimed by you can be around 2 times. In that case, it is equal probability. No profit, No loss scenario.

case-2 : If any of the above fails to attract the investors (downfall in premium and not so good anchor) because of low premium, Ultra HNI won't be interested to infuse their money which causes the total subscription of BHNI totalling 1-1.5 times - 450-800 Cr. In this case, sub2 chances will be on plus side.

Anyway, i have not been alloted BHNI shares since last 8 applications, so my gut feeling says, I should try in sub2 🤗

Expected sHni subscription ?

Bharti P 40 buyer... From continue 3 days...

Ho kya raha he !!

​@Chalak Lomdi 4250 Cr. Ma thi 250 Cr. Grey ma nakhe to y govt. Ne 4000 Cr. Chhute em che... Maja kro... મોટી માછલી પકડવા નાની ચારા માં નાખવી પડે... 😅😂

BHARTI HEXACOM 10L+ LATEST RATE ?

5350 Buyer

As I am not of a finance guy, Can someone pls explain following 2 points?

1. How can a telecom company, whose buisness runs on a subscriber basis register a loss of 1033 Cr. And on very next year shows profit of 1600 cr. ? And than again 200 Cr... ? Which factor does impact the Y axis of graph with such a variation ? 🤔

2. How come a buisness become sustainable on long term if it has more debt than (profit+Revenue) combine and still they are thinking to come with an IPO with their promoters having an interest to offload their stake rather than thinking to reduce their debt partly ? 🤔🤔

These 2 points needed to ponder upon. Views of experienced forum members are needed to have a strong driving force to help us decide whether to apply or not as premium is not much and size is quite large. Experienced and Expert members, Gurus, Mentors and Top contributors, pls share your views.

​@GJ Eighteen 

1. That loss was attributed to judgement passed to treat revenue expenditure to capex which means, reduction in revenue expenditure meaning increase in income and increase in tax expense.

2. That debt will eventually be converted to equity, which is what the telecom companies will have to do and which is what government wants. Everyone wants a bail out.

IPO Issue objectives clearly reflect that : Being complete OFS, the govt in this way gets a way out with a bigger chunk of profit for the part of interest dues on the debt getting converted to equity.

As for applying : I think the sector is saturated and faces government intervention more often, pricing power cannot be maintained unless all the players (duopoly cater to it).

Positives is that business is secular and no hinderance is expected on that front and with newer tech and faster speeds poised to make an entry as visible through increase in ARPU. But even if that happens, the general public won't welcome such change rapidly as the discretionary spend on telecom, although being a necessity isn't uniform in the country. More infra and penetration is needed at the roots where still 2G is operational.

Gains if any appear to be miniscule owing to the bigger size. Rationale of QIBs and Anchors isn't the same with which a retailer enters into. Counters like this can do well given how good their dividend yield is which could be the catalyst for price appreciation. Stock might possibly get stuck sideways after listing as the targeted market cap isn't small either.

Thank you @MuStrFc For quite detailed and insightful description. Frankly speaking, habe used chatgpt to understand certain phrases of your analysis. 😅 Conclusion however seems was it's a risky bet, be it sector wise or size wise. Right sir ?

Hi All,

My friend have one query related to HUF.
He applying HUF only for IPO.

He and His brother are married. He has only mother.
He planning to apply 3 HUFs.

HUF1. Mother, friend and His brother
HUF2.Friend,his wife and his children
HUF3. his Brother, brother wife and Brother children

is this possible to apply 3 HUF?
Please provide your input.

​@Chhote Lal  UCC is for uniform personal laws, unlikely to interfere with tax benefits granted to some sect or religion. It is a disinformation spread by usual suspects, I too fell for it. There are bound to be some exceptions.

​@New Kid On The Block Well, I am not any expert, but as per media reports and discussions thereof, once HUF ceases to exist, all provisions pertaining to HUF including tax benefits will perish automatically.

Currently, HUF is not recognized in Kerala. It was abolished by The Joint Family System (Abolition) Act, 1975, by the Kerala State Legislature. There are no tax benefits applicable in state of Kerala on account of non-existing HUF.

Sorry, I can not comment on any disinformation/exceptions.

Some of forum members are copying pasting information from 'X' over here. While there is nothing wrong in circulating information which is in public domain, some of posts even have reference or clear watermark of X address which is clear violation as it amounts to personal promotion due to which our friend Tanmay (newgen) got banned here.
Please excercise caution and adhere to forum guidelines !

Absolutely...👍👍

​@Chhote Lal 
Chhote Bhai age badho- hum tumhare saath hai !!
We all know what your concern is . It just like the pain of loosing Centre Forward in FIFA match due to Red Card after foul in D when we all needed him the most . Not all will understand that .
I think my friend @NAND KISHORE PARWAL Might be ignorant about the past historical events where in members were debarred from CG. The warning should be taken as caution only
Thanks for understanding

The FY 23-24 is on the verge of completion. In this run I am missing some of our group's Navratnas like Jethalal, Haritiaf, Newgen & many others. They are not here in this group due to one or another reasons. But at the same time many other new members are coming here. I personally miss them due to their vast experience & their deep knowledge. Today if we don't have money it's ok but the knowledge makes the person wealthy. It would be wonderful if all old persons may come and join with us for spreading their Gyanganga to others. Let's hope for the best.

Naam gumm jayega

Chehra ye badal jayega ...
Waqt ke sitam kam hasin nahin
Aaj hain yahaan kal kahin nahin ...
You can not expect Ajit Wadekar, Vishwanath, Gavaskar, Kapil Dev or Sachin to play forever. Dhoni, Sehwag, Virat and Shubham will also get replaced one day.

Surely, some of names mentioned in post above and few others are stalwarts and must have contributed immensely to this CG forum. Absence of our young friend Tanmay (Newgen) is big loss. Having said that, it is public forum and there are many esteemed members who continue to add value. Let's keep our participation meaningful.
Best Wishes to CG and it's members community for new FY !

Bharti group’s Rs 150 crore bond donation to ruling party coincided with government’s telecom U-turn
Eutelsat OneWeb, which is in prime position to get satellite spectrum without an auction, is owned by Bharti Enterprises, UK government, SoftBank, among others.

In view of this fact it would be very interesting to see how Market reacts on this. Let's see.

​@abc xyz Donations are said to be made in two tranches, one just before the policy formulation (rejecting auction mode) and another one after the same. Experts believe it raises serious questions and even possible criminal liabilities specially in UK. Only face saver probably is the fact that satellite spectrum is yet to be allocated by the government to OneWeb (Bharti holds largest stake) or to anyone else. Timings of this IPO launch by Bharti group coinciding with revelations of donations issue definitely makes the whole scene interesting to watch. Let's see how it unfolds, going forward !

The first IPO of new financial year coming with big size of 4,275 crs. and retail quota of 10% only. In my opinion it good for retailers. FV of 5, offer price at 570 looks not at all attractive. Financials not so attractive. Borrowings more than revenue. PAT not good at all. Assets at good level increasing every year. Bharti Airtel at about 1200.
So, f y 24-25 not a good start for IPO. May disappoint the retail investors.

But second IPO of POLYMATECH ELECTRONICS coming on April 8 to April 10. This IPO is to raise around Rs.750 crores that comprises fresh issue and OFS. The retail quota is 35%. Face Value is Rs.10/- a piece.
The company is India's first opto-semiconductor manufacturer. The company is using latest European and Japanese technologies to provide quality products to meet international standards. Objects of the issue :
*Purchase of new machinery towards enhancing our existing facility at Oragadam, Tamil Nadu.
*General corporate purposes.
Details of IPO awaited.

Have a nice week end and end of current financial year. Finish all your remaining work in 58 hours and a few minutes.

​@PKRAJ DRHP mentions about this - 750 crores is for Fresh Issue and no OFS

bharti haxacom k pass 4g 5 g wale 18,839,000 customer hai app google kar lo

भारती हेक्साकॉम को सही ठहराने का कोई मतलब नहीं है, कंपनी तुलनीय है ही नहीं साथियों के सामने
राजस्थान और 7 उत्तर पूर्वी राज्यों का काम है सह। का, सभी राज्यों में कॉर्पोरेट क्षेत्र की उपस्थिति कम या बिल्कुल नहीं है,

आवासीय ग्राहक घट रहे हैं क्योंकि आजकल घरों में लैंडलाइन का उपयोग कौन करता है और भविष्य में भी
कंपनी के पास कुल मिलाकर केवल 20,000 4जी और 5जी ग्राहक हैं जबकि साथियों के पास लगभग 25-30 करोड़ 4जी/5जी ग्राहक हैं। 😂

यह सरकार द्वारा अपनी हिस्सेदारी को कम करने के लिए किया गया एक बकवास ओएफएस है क्योंकि वे पिछले 12-13 वर्षों से कोशिश कर रहे हैं जो आधे मूल्यांकन पर भी हर बार विफल रही,

मुझे पता है कि एंकर बुक कुछ विदेशी निवेशकों के साथ आ सकती है लेकिन मुद्दा पूर्ण ओएफएस है, कुछ भी नहीं कंपनियों की वित्तीय स्थिति में सुधार होगा
, इसलिए ऐसे मुद्दों में निवेश करने की कोई प्रेरणा नहीं है जहां कंपनी की वृद्धि घट रही है, वित्तीय स्थिति कमजोर है,

यह सिर्फ सरकारी कंपनी और नए निवेशक के बीच हाथों का बदलाव है, आकर्षक कुछ भी नहीं 👍

​@rohiitian Sir with Due respect, Bharti Hexacom fair value comes around 480rs as per it's Financial and Static Business, The Company Customer figures are wrongly mentioned due to not able to add thousands against them and Company's core business was Landline Only through Beetel Telephones
But now it's become Obsolete so they have got some Bharti Airtel's business and are giving Data Services / Broadband service
It's just transfer of some business from Airtel to Bharti Hexacom in selected Circles of Rajasthan and 7 NE States
The PE cannot compared with other peers due to its very limited presence, so it's not a favourable issue as per financial and valuation POV.

Again false statement Gaurav ji.
From where did you get figure of Rs 480. Are you even aware of corporate history of Bharti Hexacom?
Bharti entered this company much later and this company started with wireless mobile business
Do read RHP before typing out false items

BHARTi Hexacom Short Review
- Degrowth Company
-Inconsistent Financial Performance
- No unique Business, Instead carrying Obsolete Landline Business
- Govt Trying to Exit from last 12 years but was not able to do at half valuation also, but now ofs at High Valuation

IPO Negatives:
1. Very Large Issue size, Almost All Category Firm Allotment due to Low Premium + Low Mainboard IPO interest

2. Debt At Very High levels and PAT not sustainable can make company in loss due to Finance Expenses

3. 100% OFS; Govt will take Partial Exit by selling 15% stake, So No Fresh Money inflow in company that can Help Company to do Fresh Capex and Improve Financial

4. low or negligible GMP; Mostly maintained by lead manager till issue opens

5.Expensive Valuations nothing left for new investor

Our View:
Very High Risk IPO, Sell & Apply if Possible else AVOID 👍

Disc: no reco

​@Chhote Lal  Well said !! Huge size pure OFS will neutralize or drastically reduce the impact of good anchor book, if for any good.

Your ignorance on Bharti Hexacom wireless business is amazing. Please read RHP before making such comments

Big Breaking News

India's 3rd Largest Infrastructure Company And
Shapoorji Pallonji Group Company

AFCONS Infrastructure Limited Files DRHP with SEBI

Issue Size : 7000 cr
Fresh - 1250 cr
OFS - 5750 cr

*Company May Consider Pre-IPO Placement of 250 cr

FV : 10/-
Retail : 35%

Sterling and Wilson Wale....hahaha.....Not an Investor friendly management.....
Even Ratan Tata did mistake in choosing Cyrus mistri (SP group person)

Bharti Hexacom ko justify krne ka koi meaning nhi hai, Company comparable hai hii nhi peers k samne
Rajasthan and 7 north eastern states ka kaam hai co. Ka, All the states have less or no Corporate Sector Presence

Residential Customers are declining as Who uses Landline nowadays in houses and in future also
Company has only in total 20,000 4G & 5G customer whereas peers have approx 25-30 crores 4G/5G Subscribers 🤣😂

It's A Crap OFS done by Govt to dilute it's stake as They have been trying in last 12-13 years which was a failure everytime even at half valuations

I know Anchor Book may come with Some Foreign Investor but The Issue is Full OFS, nothing will improve Companies Financial
So There is No Motivation to invest in Such Issues where company's growth declining, weak Financials

It's Just Change Of Hands b/w Govt Co. And New Investor nothing Attractive 👍

Full of falsehoods.
One expects new members to give new perspectives but you seems to have not even read RHP