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Bharti Hexacom IPO is a book built issue of Rs 4,275.00 crores. The issue is entirely an offer for sale of 7.5 crore shares.
Bharti Hexacom IPO bidding started from April 3, 2024 and ended on April 5, 2024. The allotment for Bharti Hexacom IPO was finalized on Monday, April 8, 2024. The shares got listed on BSE, NSE on April 12, 2024.
Bharti Hexacom IPO price band is set at ₹542 to ₹570 per share. The minimum lot size for an application is 26 Shares. The minimum amount of investment required by retail investors is ₹14,820. The minimum lot size investment for sNII is 14 lots (364 shares), amounting to ₹207,480, and for bNII, it is 68 lots (1,768 shares), amounting to ₹1,007,760.
SBI Capital Markets Limited, Axis Capital Limited, Bob Capital Markets Limited, ICICI Securities Limited and Iifl Securities Ltd are the book running lead managers of the Bharti Hexacom IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Bharti Hexacom IPO RHP for detailed information.
| IPO Date | April 3, 2024 to April 5, 2024 |
| Listing Date | April 12, 2024 |
| Face Value | ₹5 per share |
| Price Band | ₹542 to ₹570 per share |
| Lot Size | 26 Shares |
| Total Issue Size | 75,000,000 shares (aggregating up to ₹4,275.00 Cr) |
| Offer for Sale | 75,000,000 shares of ₹5 (aggregating up to ₹4,275.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 500,000,000 |
| Share holding post issue | 500,000,000 |
Bharti Hexacom IPO offers 75,000,000 shares. 22,500,000 (30.00%) to QIB, 11,250,000 (15.00%) to NII, 7,500,000 (10.00%) to RII and 33,750,000 (45.00%) to Anchor investors. 288,461 RIIs will receive minimum 26 shares and 10,302 (sNII) and 20,604 (bNII) will receive minimum 364 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 33,750,000 (45.00%) | NA |
| QIB Shares Offered | 22,500,000 (30.00%) | NA |
| NII (HNI) Shares Offered | 11,250,000 (15.00%) | |
| bNII > ₹10L | 7,500,000 (10.00%) | 20,604 |
| sNII < ₹10L | 3,750,000 (5.00%) | 10,302 |
| Retail Shares Offered | 7,500,000 (10.00%) | 288,461 |
| Total Shares Offered | 75,000,000 (100%) |
Bharti Hexacom IPO raises Rs 1,923.75 crore from anchor investors. Bharti Hexacom IPO Anchor bid date is April 2, 2024. Bharti Hexacom IPO Anchor Investors list
| Bid Date | April 2, 2024 |
| Shares Offered | 33,750,000 |
| Anchor Portion Size (In Cr.) | 1,923.75 |
| Anchor lock-in period end date for 50% shares (30 Days) | May 8, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | July 7, 2024 |
Bharti Hexacom IPO opens on April 3, 2024, and closes on April 5, 2024.
| 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 confirmation | 5 PM on April 5, 2024 |
Investors can bid for a minimum of 26 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 26 | ₹14,820 |
| Retail (Max) | 13 | 338 | ₹192,660 |
| S-HNI (Min) | 14 | 364 | ₹207,480 |
| S-HNI (Max) | 67 | 1,742 | ₹992,940 |
| B-HNI (Min) | 68 | 1,768 | ₹1,007,760 |
| Lot Size Calculator | |||
The Promoter of the Company is Bharti Airtel Limited
| Share Holding Pre Issue | 70.00% |
| Share Holding Post Issue | 70.00% |
Incorporated in 1995, Bharti Hexacom Limited provides fixed-line telephone and broadband services to customers in Rajasthan and North East telecom circles in India.
The company provides services in states such as Rajasthan and Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura. ;
By December 31, 2023, the company has invested ₹206 billion in digital infrastructure capital expenditures to be future-ready.
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'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 | ||||
The market capitalization of Bharti Hexacom IPO is Rs 28500 Cr.
KPI as of December 31, 2023.
| KPI | Values |
|---|---|
| Debt/Equity | 1.41 |
| RoNW | 7.08% |
| P/BV | 6.45 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 10.98 | 7.51 |
| P/E (x) | 51.89 | 75.85 |
The objects of the Offer are to
[Dilip Davda] The company is having strong parentage of “Airtel” group. Its one-time accounting adjustments kept the net profit on de-growth mode, but at the gross level, it marked growth. Based on 9M-FY24 earnings, the issue appears fully priced. It enjoys virtual leadership in the telecom circles it is operating and is confident of maintain the lead. Investors may park funds for the medium to long term rewards. Read detail review...
The Bharti Hexacom IPO is subscribed 29.88 times on April 5, 2024 6:19:08 PM. The public issue subscribed 2.83 times in the retail category, 48.57 times in the QIB category, and 10.52 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 48.57 |
| NII | 10.52 |
| bNII (bids above ₹10L) | 12.27 |
| sNII (bids below ₹10L) | 7.00 |
| Retail | 2.83 |
| Total | 29.88 |
Total Application : 619,251 (2.15 times)
| Listing Date | April 12, 2024 |
| BSE Script Code | 544162 |
| NSE Symbol | BHARTIHEXA |
| ISIN | INE343G01021 |
| Final Issue Price | ₹570 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹570.00 |
| ₹755.20 |
| ₹755.20 |
| ₹879.90 |
| ₹813.75 |
| NSE |
|---|
| ₹570.00 |
| ₹755.00 |
| ₹755.00 |
| ₹880.00 |
| ₹813.30 |
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/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: bhl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Bharti Hexacom IPO is a main-board IPO of 75,000,000 equity shares of the face value of ₹5 aggregating up to ₹4,275.00 Crores. The issue is priced at ₹542 to ₹570 per share. The minimum order quantity is 26 Shares.
The IPO opens on April 3, 2024, and closes on April 5, 2024.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Bharti Hexacom IPO using UPI as a payment gateway. Zerodha customers can apply in Bharti Hexacom IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bharti Hexacom IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Bharti Hexacom IPO opens on April 3, 2024 and closes on April 5, 2024.
Bharti Hexacom IPO lot size is 26 Shares, and the minimum amount required is ₹14,820.
You can apply in Bharti Hexacom IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Bharti Hexacom IPO will be done on Monday, April 8, 2024, and the allotted shares will be credited to your demat account by Wednesday, April 10, 2024. Check the Bharti Hexacom IPO allotment status.
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