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Bharti Infratel Limited IPO (Bharti Infratel IPO) Detail

December 11, 2012 - December 14, 2012

Bharti Infratel IPO is a book built issue of Rs 4,155.80 crores.

Bharti Infratel IPO bidding started from December 11, 2012 and ended on December 14, 2012. The shares got listed on BSE, NSE on December 28, 2012.

Bharti Infratel IPO price band is set at ₹210 to ₹240 per share. The minimum lot size for an application is 50 Shares. The minimum amount of investment required by retail investors is ₹12,000.

Barclays Securities (India) Private Limited, Bofa Securities India Limited, Deutsche Equities India Private Limited, Axis Capital Limited, Hdfc Bank Limited, Hsbc Securities & Capital Markets Pvt Ltd, ICICI Securities Limited, J.P. Morgan India Private Limited, Kotak Mahindra Capital Company Limited, Standard Chartered Securities (India) Limited and Ubs Securities India Private Limited are the book running lead managers of the Bharti Infratel IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Bharti Infratel IPO RHP for detailed information.

Bharti Infratel IPO Details

IPO Date December 11, 2012 to December 14, 2012
Listing Date December 28, 2012
Face Value ₹10 per share
Price Band ₹210 to ₹240 per share
Lot Size 50 Shares
Total Issue Size188,900,000 shares
(aggregating up to ₹4,155.80 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue1,742,408,730
Share holding post issue1,888,642,842

Bharti Infratel IPO Reservation

Bharti Infratel IPO offers 160,565,000 shares. 66,115,000 (41.18%) to QIB, 28,335,000 (17.65%) to NII, 66,115,000 (41.18%) to RII. 1,322,300 RIIs will receive minimum 50 shares and (sNII) and (bNII) will receive minimum 850 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered66,115,000 (41.18%)NA
NII (HNI) Shares Offered28,335,000 (17.65%)
Retail Shares Offered66,115,000 (41.18%)1,322,300
Total Shares Offered160,565,000 (100%)

Bharti Infratel IPO Lot Size

Investors can bid for a minimum of 50 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 50 ₹12,000
Retail (Max) 16 800 ₹192,000
Lot Size Calculator

Bharti Infratel IPO Promoter Holding

The promoter of the company is Bharti Airtel.

Share Holding Pre Issue 86.09%
Share Holding Post Issue 79.42%

About Bharti Infratel Limited

Incorporated in 2006, Bharti Infratel Limited is a provider of tower and related infrastructure. Bharti Infratel is one of the world's largest telecom tower infrastructure providers which deploys, owns and manages telecom towers and communication structures for all wireless operators. The business of Bharti Infratel and Indus is to acquire, build, own and operate tower and related infrastructure.

Bharti Infratel and Indus currently provide access to their towers primarily to wireless telecommunications service providers. Bharti Infratel's and Indus's three largest customers are Bharti Airtel (together with Bharti Hexacom), Vodafone India and Idea Cellular. They are the three leading wireless telecommunications service providers in India by wireless revenue.

In India, Infratel has over 34,000+ towers, across 18 states, and 11 Telecom circles, and still growing. Bharti Infratel also has a 42% stake in Indus Towers which was created as a Joint Venture between Bharti Infratel, Vodafone and Aditya Birla Telecom to hive off the Towers business in 15 telecom circles.

Company Financials

ParticularsFor the year/period ended (in Rs. Million)
30-Sep-1231-Mar-1231-Mar-1131-Mar-1031-Mar-0931-Mar-08
Total Income50,908.995,970.686,257.971,288.451,772.77,057.0
Profit After Tax (PAT)4,604.67,507.35,514.82,529.71,952.4403.7

Key Performance Indicator

KPI Values
ROE5.3%
ROCE7.8%
RoNW5.2%

Objects of the Issue (Bharti Infratel IPO Objectives)

The objects of the issue are to:

1. Installation of 4,813 new towers;
2. Upgradation and replacement on existing towers;
3. Green initiatives at tower sites;
4. General corporate purposes; and
5. Benefits of listing of the Equity Shares on the Stock Exchanges.

Bharti Infratel IPO Review (Avoid)

[Dilip Davda]  

On BIL's performance part, for last three fiscals it has posted an average EPS of Rs. 3.46. For H1 of current fiscal it has posted annualized EPS of Rs. 5.28 and its NAV stands at Rs. 82.10 (on consolidated basis).  These earnings give EPS of Rs. 4.89 on fully diluted equity. Thus the asking price is at a P/E of 43 to 49 on lower-upper price band and looks very aggressive. As per company, they have no listed peers to compare this. It has issued bonus shares in the ratio of 9999 for 1 in August 2008 and 2 for 1 in August 2012. Shares issued to private equity players at Rs. 788.56 in March 2010 got adjusted to Rs. 262.85 post bonus and thus they are exiting at a discount to their acquisition cost and are raising doubt on likely future of BIL.  Considering higher asking price, it is better to buy at discount post listing. Application in this IPO with loan fund is not at all advisable.

Read detail review...


Bharti Infratel IPO Subscription Status (Bidding Detail)

The Bharti Infratel IPO is subscribed 1.30 times on December 14, 2012 8:15:00 PM. The public issue subscribed 0.19 times in the retail category, 2.84 times in the QIB category, and 0.29 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB2.84
NII0.29
Retail0.19
Total1.30

Bharti Infratel IPO Grading

CRISIL has assigned a IPO Grade 4/5 to the IPO of Bharti Infratel. This grade indicates that the fundamentals of the Bharti Infratel IPO are 'above average' relative to the other listed equity securities in India. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Please note that this grade is not an opinion on whether the issue price is appropriate in relation to the issue fundamentals. The grade is not a recommendation to buy, sell or hold the graded instrument, or a comment on the graded instrument's future market price or its suitability for a particular investor.

Read Bharti Infratel IPO Grading Report

Rs 10 Discount for Retail Bidders

The promoter of Bharti Infratel has offered Rs 10 discount to retail investors in Bharti Infratel IPO shares. The discount will be given on the final price of the IPO shares.

Bharti Infratel IPO Prospectus

Bharti Infratel IPO Rating

198
3.4
Rating:Rated 3.4 stars
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Bharti Infratel IPO Listing Details

Listing Date December 28, 2012
BSE Script Code 534816
NSE Symbol INDUSTOWER
ISIN INE121J01017
Final Issue Price ₹220 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹220.00
₹200.00
₹188.70
₹200.00
₹191.20
NSE
₹220.00
₹200.00
₹188.65
₹200.85
₹191.65

Check IPO Performance…

Bharti Infratel Limited Contact Details

Bharti Infratel Limited
Bharti Crescent, 1 Nelson Mandela Road,
Vasant Kunj, Phase-II,
New Delhi 110 070
Phone: +91 11 4666 6100
Email: compliance.officer@bharti-infratel.in
Website: http://www.bharti-infratel.com/

Bharti Infratel IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/

Bharti Infratel IPO FAQs

Bharti Infratel IPO is a main-board IPO of 188,900,000 equity shares of the face value of ₹10 aggregating up to ₹4,155.80 Crores. The issue is priced at ₹210 to ₹240 per share. The minimum order quantity is 50 Shares.

The IPO opens on December 11, 2012, and closes on December 14, 2012.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Bharti Infratel IPO opens on December 11, 2012 and closes on December 14, 2012.

Bharti Infratel IPO lot size is 50 Shares, and the minimum amount required is ₹12,000.

You can apply in Bharti Infratel 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 Infratel IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Bharti Infratel IPO allotment status.

The Bharti Infratel IPO listing date is on December 28, 2012.
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Bharti Infratel IPO Message Board

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111 Comments

89. ShivPrv |   Link |  Bookmark |January 2, 2013 6:24:05 PM
Bharti crossed 200 today. Is further UP expected?
88. STAR IPO KING |   Link |  Bookmark |December 28, 2012 9:09:15 AM
bharti infratel trading on 192/195 lable,as expected.
87. STAR IPO KING |   Link |  Bookmark |December 28, 2012 8:54:13 AM
bse price 200
86. GreenHorn |   Link |  Bookmark |December 27, 2012 10:10:02 PM
Hi Guys,

I think Bharati Infratel will list at 220. If this falls below 215, it, else this may go down till 190

GreenHorn
85. SGUPTA |   Link |  Bookmark |December 27, 2012 8:19:52 PM
DEAR BABUKALIA,

PLEASE GIVE US THE LATEST GMP OF BHARTI INFRATEL.
84. SGUPTA |   Link |  Bookmark |December 27, 2012 8:18:32 PM
DEAR PREMAL SHAH,
THE GMP OF BHARTI 2.5 2.75 AS INFORMED BY , I WANT TO KNOW THAT WORK HAS BEEN DONE IN THIS RATE AND WITH VOLUME , PLEASE REPLY
83. PREMAL SHAH |   Link |  Bookmark |December 27, 2012 8:10:40 PM
latest premium for bharti is around 2.50-2.75 volume creat by this rate so i think it will list around 215.50 who apply dfntly gain huge profit...
82. manish BHAI |   Link |  Bookmark |December 27, 2012 5:18:12 PM
LISTING IS NEGATIVE 100% SURE . IT WILL LIST BELOW 5% ON ISSUE PRICE
81. satyaaa |   Link |  Bookmark |December 27, 2012 3:12:32 PM
I think you are stuck up with huge allotment. No problem. You may offpartial holding on listing. Remaining, I feel you will get good price within a span of 6 months. NIFTY is likely to touch 7000 by June 2012. So do not book losses in Bharti Infratel.
80. MUDIT CHOPRA |   Link |  Bookmark |December 27, 2012 1:21:39 PM
BHARTI WILL LIST AROUND 250 DEFINATELY. 100% GAURANTEE ON 28/12/12
79. Jinnie |   Link |  Bookmark |December 27, 2012 12:33:42 PM
all experts
iporaja, ipofinder, babukalia, sonmaya
koi to bharti ka bhav likho

kal iska listing hai (28.12.12)
78. PURVIN RANDERIA |   Link |  Bookmark |December 26, 2012 12:20:57 PM
when listing any idea?
77. Jinnie |   Link |  Bookmark |December 25, 2012 5:23:38 PM
iporaja
sonmaya
babukalia
ipofinder

any hope in bharti ipo
kindly help
76. S.kumars |   Link |  Bookmark |December 25, 2012 3:36:55 PM
bharti infra is likely to list around 204,so it would be day dream to thinking of listing it at 250
75. MUDIT CHOPRA |   Link |  Bookmark |December 25, 2012 1:27:12 PM
BHARTI WILL LIST AROUND 250/- ON 28/12/12 ENJOY INVESTORS
74. Jitesh Shah |   Link |  Bookmark |December 24, 2012 9:46:00 PM
Expecting to open at 225. One can buy at 220 on listing date.
73. PURVIN RANDERIA |   Link |  Bookmark |December 23, 2012 12:57:43 PM
i never thought tht i will get d full allotment ,i hv it now..wht r chances of it..any one who follows it..do reply
72. santonu |   Link |  Bookmark |December 23, 2012 8:17:45 AM (200+ Posts)
I normaly keep 2.5L in my savings account for IPO .now i will make one FD @8% of Rs. 2 LAc and rest 50 thousand for IPO
71. Jinnie |   Link |  Bookmark |December 22, 2012 10:12:15 PM
premal shah
kindly tell that premium of bharti is on its issue price of 220 or it is on retail issue price of 210?
70. Dilip Davda |   Link |  Bookmark |December 22, 2012 3:06:06 PM
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
This IPO listing is likekly earliest on 28.12.12 or latest by 31.12.12. Before that one more BSE SME IPO of Eco Friendly Food Processing Park Ltd is coming to market on 27.12.12 with an issue for Rs. 7.52 crore with a fixed price of Rs. 25 per share. The issue will close on 31.12.12

Dilip Davda
SEBI registered Research Analyst
Mumbai

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