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Bhatia Communications IPO is a fixed price issue of Rs 24.75 crores. The issue is a combination of fresh issue of 14 lakh shares aggregating to Rs 21.00 crores and offer for sale of 2.5 lakh shares aggregating to Rs 3.75 crores.
Bhatia Communications IPO bidding started from February 8, 2018 and ended on February 12, 2018. The shares got listed on BSE SME on February 20, 2018.
Bhatia Communications IPO price is ₹150 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹150,000.
Oneview Corporate Advisors Pvt. Ltd. is the book running lead manager of the Bhatia Communications IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue.
Refer to Bhatia Communications IPO RHP for detailed information.
| IPO Date | February 8, 2018 to February 12, 2018 |
| Listing Date | February 20, 2018 |
| Face Value | ₹10 per share |
| Price | ₹150 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 1,650,000 shares (aggregating up to ₹24.75 Cr) |
| Fresh Issue | 1,400,000 shares (aggregating up to ₹21.00 Cr) |
| Offer for Sale | 250,000 shares of ₹10 (aggregating up to ₹3.75 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 4,857,600 |
| Share holding post issue | 6,275,600 |
| Market Maker portion | 84,000 shares |
Bhatia Communications IPO offers 1,734,000 shares. 783,000 (45.16%) to NII, 783,000 (45.16%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 84,000 (4.84%) |
| Other Shares Offered | 783,000 (45.16%) |
| Retail Shares Offered | 783,000 (45.16%) | Other Shares Offered | 84,000 (4.84%) |
| Total Shares Offered | 1,734,000 (100%) |
Investors can bid for a minimum of 1000 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 | 1000 | ₹150,000 |
| Retail (Max) | 1 | 1000 | ₹150,000 |
| Lot Size Calculator | |||
Incorporated in 2008, Bhatia Communications & Retail (India) Limited is Surat Gujrat based company engaged into retail and wholesale distribution business of mobile handsets, tablets, data-cards, mobile accessories, mobile related products etc. Company sell smart mobile handsets of all the brands including Apple I-Phone, Samsung, OPPO, GIONEE, VIVO etc, mobile related products, tablets, data cards, accessories under one roof through its owned 72 retail outlets and 24 franchisee located all over the South Gujarat region including Surat, Vapi, Valsad, Navsari, Vyara etc.
Company also provide credit/EMI facilities to its customers for buying its products for which it has tied up with major leading credit houses like Bajaj Finserv, Capital First etc.
Company purchases the phones either from distributors or directly from the manufacturers. Bhatia Communications have 84 full time employees.
| Particulars | For the year/period ended (in Rs. million) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 250.12 | 178.48 | 183.34 | 169.77 | 105.75 | |
| Total Revenue | 1334.91 | 960.81 | 1105.74 | 1041.17 | 742.95 | |
| Profit After Tax | 4.78 | 3.09 | 3.42 | 3.51 | 2.00 | |
The Public Issue includes a Fresh Issue and an offer for sale by the Selling Shareholder
The Offer for Sale
Company will not receive any proceeds from the Offer for Sale.
Fresh Issue
The objects of the Issue are:
1. Long term Working capital requirement
2. General Corporate Purpose,
3. Meeting Public Issue Expenses.
[Dilip Davda]
Company’s peers are no comparable on an apple to apple basis. It is operation in the highly competitive field with many unorganized players. Considering its exorbitant pricing one may give it a miss.
Read detail review...The Bhatia Communications IPO is subscribed 1.36 times on February 12, 2018 5:00:00 PM. The public issue subscribed 0.73 times in the retail category, times in the QIB category, and 1.98 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.98 |
| Retail | 0.73 |
| Total | 1.36 |
| Listing Date | February 20, 2018 |
| BSE Script Code | 540956 |
| NSE Symbol | |
| ISIN | INE341Z01017 |
| Final Issue Price | ₹150 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹150.00 |
| ₹153.95 |
| ₹150.00 |
| ₹153.95 |
| ₹150.10 |
Bhatia Communications & Retail (India) Limited
132, Dr. Ambedkar Shopping Centre,
Ring Road, Surat 395 002.
Phone: 0261-2349892
Email: info@bhatiamobile.com
Website: http://bhatiamobile.com/
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: busicomp@gmail.com
Website: https://www.purvashare.com/investor-service/ipo-query
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Bhatia Communications IPO is a SME IPO of 1,650,000 equity shares of the face value of ₹10 aggregating up to ₹24.75 Crores. The issue is priced at ₹150 per share. The minimum order quantity is 1000 Shares.
The IPO opens on February 8, 2018, and closes on February 12, 2018.
Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Bhatia Communications IPO opens on February 8, 2018 and closes on February 12, 2018.
Bhatia Communications IPO lot size is 1000 Shares, and the minimum amount required is ₹150,000.
You can apply in Bhatia Communications 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 Bhatia Communications IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Bhatia Communications IPO allotment status.
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