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Bharti Airtel Limited Rights Issue (Bharti Airtel Rights Issue) Detail

October 5, 2021 - October 21, 2021
Bharti Airtel Limited Logo

Incorporated in 1995, Airtel is the world's second-largest provider of telecommunications services, based on total mobile connections on the sum of consolidated subsidiaries. The company approximately has 474 million customers globally and is present in 18 countries across Asia and Africa.

The company's retail portfolio includes high-speed 4G/4.5G mobile broadband, Airtel Xstream Fiber, streaming services, digital payments, and financial services. The company offers a wide range of solutions that includes secure connectivity, cloud and data center services, cyber security, Internet of Things, and cloud-based communication for enterprise customers. These services are covered under the company's brand - "Airtel". Another brand of the company - "Airtel Money", includes financial inclusion products and offers the convenience of payments and money transfers. The brand renders services across all 14 countries in Africa.

As of June 30, 2021, the company operates a global fiber network covering over 365,000 km, and 332,542 km of optical fiber covering in India. The company is further investing in building data capabilities to attract new customers and had increased its mobile base stations from approximately 503,883 in FY' 2020 to 606,783 at the end of FY' 2021.

Bharti Airtel Rights Issue Detail

Issue Open October 5, 2021 - October 21, 2021
Security Name Bharti Airtel Limited
Issue Size (Shares) 392,287,662
Issue Size (Amount) ₹20,987.39 Crores
Issue Price ₹535 per share
Face Value ₹5 per share
Listing At
Terms of Payment On application, the investors will have to pay ₹ 133.75 per rights equity share which constitutes 25% of the issue price. The balance ₹ 401.25 per rights equity share which constitutes 75% of the issue price, will have to be paid on two more additional calls as may be decided by the board/ committee of the board from time to time.
Entitlement 1 Rights Equity Share for every 14 Equity Shares held on the Record Date.

Bharti Airtel Rights Issue Issue Timetable

Record Date September 28, 2021
Credit of Rights Entitlements October 4, 2021
Bid/Offer Opens On October 5, 2021
Renunciation of Rights Entitlements October 14, 2021
Bid/Offer Closes On October 21, 2021
Deemed Date of Allotment October 28, 2021
Credit Date October 29, 2021
Listing Date November 1, 2021

Company Financials

Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs.in Millions)
31-Mar-21 31-Mar-20
Total Assets 3,460,278 3,607,790
Total Income 1,012,586 862,122
Profit After Tax (123,640) (306,642)

Objects of the Issue:

The Proceeds from the Issue will be utilized towards funding of the following objects: 1. Pre-payment or repayment, repurchase of all or a portion of certain borrowings (including interest thereon) and other liabilities availed, as applicable, by the company and it's subsidiaries, including deferred payment term liabilities to DoT. 2. General corporate purposes.

Bharti Airtel Rights Issue Documents

Bharti Airtel Rights Issue Rating

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Bharti Airtel Rights Issue Reviews

Company Contact Information

Bharti Airtel Limited
Airtel Center, Plot No. 16,
Udyog Vihar, Phase-IV,
Gurugram, Haryana, 122 015, India

Phone: +91 12 4422 2222
Email: compliance.officer@bharti.in
Website: https://www.airtel.in/

Bharti Airtel Rights Issue FAQs

The Bharti Airtel Rights Issue opens on October 5, 2021, and closes on October 21, 2021.

Bharti Airtel Rights Issue Schedule

Last Date for credit of Rights EntitlementsOctober 4, 2021
Last Date for renunciation of Rights EntitlementsOctober 14, 2021
Issue Opening DateOctober 5, 2021
Issue Closing DateOctober 21, 2021
Date of Allotment (on or about)October 28, 2021
Date of Credit (on or about)October 29, 2021
Date of Listing (on or about)November 1, 2021

Bharti Airtel Rights Issue price is set at ₹535 per share per equity share.

The eligible shareholders are being offered 1 Rights Equity Share for every 14 Equity Shares held on the Record Date. (September 28, 2021).

The record date for the Bharti Airtel Rights Issue is September 28, 2021.

The issue size of Bharti Airtel Rights Issue is of 392,287,662 equity shares at ₹535 per share aggregating upto ₹20,987.39 Crores.

The Letter of Offer for Bharti Airtel Rights Issue can be download here.

You can apply for Bharti Airtel Rights Issue in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Bharti Airtel Rights Issue using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Bharti Airtel Rights Issue available on the list.
  4. Click the Apply button next to the Bharti Airtel Rights Issue.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Bharti Airtel Rights Issue using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Bharti Airtel Rights Issue from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

30 Comments

30. Dhanireddy Kulayireddy     Link|July 25, 2023 6:31:58 PM
I bought 120 shares of BHARTI AIRTEL rights issue shares through Trading platform of Icicidirect.com. avg price Rs.217.78. The same is in my portfolio act. But not able to Trade. I hav approached Icicidirect.com office no proper response. I hav also sent mail to kfintech who is Registrar. Amount not credited back to my act.
How to solve this issue. Can you advise whom to
approch and how to solve
Dhanireddy Kulayireddy.
29. RANJEET SINGH BISHT     Link|December 23, 2021 2:53:59 PM
I bought 180 shares of bhare1 from open market with average price 204 through icicidirect.co .These are reflected in my portfolio but not credited to demat account. On contacting icicidirect.com they told registrar has withdrawn the shares but money is not credited back to account. what to do
28. Siva Kumar     Link|December 14, 2021 3:14:33 PM
I bought 100 RE shares in open market and paid the first instalment of 135 rupees . . So far I don't see the first instalment payments acknowledgemwnt in my dmat.
27. Deeje     Link|November 24, 2021 2:17:17 PM
Hello,

I was allocate 10 RE. They are not reflecting in my demat account. What should I do?
26. Ashok Kumar Bansal     Link|November 20, 2021 2:53:07 PM
I m having 150 shares of Bharti Airtel n was entitled for 10 right issue which I got n made payment of Rs1337.50.
Around 10th Oct.,21, I bought 100 PP shares from open market. Subsequently on 20/10/21, I bought another 100PP shares and simultaneously sold 100PP shares bought earlier, thus having remaining 110 shares.
These 110PP shares were debited to my DEMAT account no ID 4670152-176 with ITI securities, Bangalore on 28.10.21.
Now my DEMAT account is showing only 10PP shares, thus missing 100 shares.
Since PP shares were bought from the open market, it escaped my attention erronously to make payment thereon.
I request u to please apprise me, how much payment is required to be made alongwith interest or penalty, if any.
Pl inform urgently
ISIN INE 397D20024
CA RIGHT 004510130000000000077458
25. Vajha Ramarao     Link|November 18, 2021 7:57:10 PM
Sir, l am V. Ramarao applied 5 shares on rights issue which I am entitled for and on 28-10-2021 my account was debited by Rs.668.75 with HDFC Bank account number 50100322666705 and Dmat account IN301549 60417677 with HDFC Securities. So far I could not received the shares in my account. Please arrange to do the needful and confirm. Thank you sir
24. FAR     Link|November 1, 2021 5:33:07 PM
Hello,
I paid for 200 Share of Bharti Airtel right issues on 20 Oct 2021 and it is already debited from my account.
As of today it is not showing any shares in my demat account,

Please advice to check allotted share in my demat account or returning of my debited money process.

Thanks in Advance.
24.1. Dina     Link|November 16, 2021 10:56:09 PM
Nahi milenge bhul jao
Aapka GST central government ko mila
Thanks


Cam
23. Vipul     Link|November 15, 2021 11:04:36 AM
I am purchase AIRTEL-RE share but not registered before 21oct now I am claim this amount or share.
22. Rishu Karn     Link|October 18, 2021 4:29:39 PM
My RE not showing in my Demat Account ? However i m already paid RE amount. what the reason ???????
Thanks in advance..
22.1. FAR     Link|November 1, 2021 5:22:37 PM
Hello,
I have already paid for 200 nos of Bharti Airtel Ltd-Right issue share on 20 Oct-2021 and as of today 1st Nov,21 it is not showing any share of Bharti Airtel Share in my demat account,
Pls. advice how to get share update in my account or claim for returning money.

Thanks
21. Zankar Patel     Link|October 27, 2021 12:15:02 PM
Hi there.
I bought REs from market and then also completed purhase from ASBA platform.
What happens now?
1) When will i be able to see the alloted shares?
2) How will i be able to trade the alloted shares? Because as you are saying it is only 25% of the share values paid. Rest of the payments is to be made in future installments. But if i want to start trading as soon as share gets alloted, how can i do that ? I am just not clear on the entire process
20. amukho     Link|October 26, 2021 11:59:58 AM
When the allotment status of Rights Issue will be available?
19. MRavichandran     Link|October 15, 2021 8:50:28 PM
Dear all,
I am a NRI, I have purchased 2000 Airtel RE shares from seondary market. The shares are credited in my demat account. When I try to apply rights, Bank ASBA form is asking for CAF/CNN number. I did not receive any email from Kfintech.
Please advise with your thoughts.

thanks
19.3. Alokok     Link|October 21, 2021 7:52:23 AM
Sir I purchased Bharti re from stock mkt and got credit in demat account on 20.10.21. I am not able to download right of entitlement letter. Also bank is asking for application number to mark asba. Pl advise urgently as today is last date of issue.
19.4. MRavichandran     Link|October 21, 2021 11:39:52 AM
@ALOKOK,
see the first message in this thread
No need application number
please use your last 8 digits of demat # as application # and apply through ASBA
18. Sarjeet     Link|October 20, 2021 1:56:41 PM
What action is required after this, I already paid amount for all re credited to my demat.

Dear Sir/ Madam,
With regard to Right Entitlement (RE) of BHARATRI AIRTEL LIMITED held by you in your demat account, it is informed that the right issue of BHARATRI AIRTEL LIMITED is closing on October 21, 2021.
These REs will lapse after the Issue Closing Date unless they are:
Subscribed by making an application with requisite application money on or before the Issue Closing Date, or
Renounced on or before the Issue Closing Date.
For Central Depository Services (India) Limited,
​Authorized Signatory
17. MRA     Link|October 20, 2021 1:06:23 PM
I had recieved 2 Airtel RE in my demat account.
I bought 18 more REs from the secondary market on 14th Oct.
I assumed that the total REs in my account would be 20 after this purchase. But my demat account shows only 18 qty of REs. I am confused.
If I purchase REs from the secondary market, does it mean that my original allotment is automatically treated as renounced ?
16. bansal vikas     Link|October 20, 2021 11:18:25 AM
Hi Team
Initially I got the 2 airtel-re and i applied for 2 airtel re through R-WAP.
Later, I purchased 15 more from the market @202 on 14-oct-2021. While applying for 15 airtel-re through R-WAP I'm choosing the second option of that I'm a renouncee. After putting up all the details and proceeding further I'm getting error like Not a renounce-Select shareholder as on record date.
Pls help.
15. aqib pagarkar     Link|October 19, 2021 1:05:31 PM
How NRI's can apply for rights issue online.
HDFC Bank not allowing through Net banking.
KFINTECH website only allowing resident investors

we cannot submit offline as we outside india.

please anybody can help on this otherwise my rights likely to get elapsed.
15.1. MRavichandran     Link|October 19, 2021 9:58:58 PM
apply through ASBA
14. Nachiketa Mangaraj     Link|October 19, 2021 5:19:26 PM
How to renounce the Rights entitlement...i cant sell the share on my demat account.
13. Akash Agrawal     Link|October 19, 2021 1:36:40 AM
Anyone please provide detail for this mail.

Dear Sir/ Madam,
With regard to Right Entitlement (RE) of BHARATRI AIRTEL LIMITED held by you in your demat account, it is informed that the right issue of BHARATRI AIRTEL LIMITED is closing on October 21, 2021.
These REs will lapse after the Issue Closing Date unless they are:
Subscribed by making an application with requisite application money on or before the Issue Closing Date, or
Renounced on or before the Issue Closing Date.
For Central Depository Services (India) Limited,
​Authorized Signatory
12. Shrewd Investor     Link|October 5, 2021 11:34:17 AM
Hi

I am an NRI with Demat in IIFL and PIS with axis bank. I cannot see the bharti airtel in the IPO section as of 10.30 AM , 05/oct/2021. How to apply for the RE. I have 1000 shares of Bharti Airtel.

Thanks
12.2. RajK   I Like It. 1|  Link|October 8, 2021 1:11:34 AM
RE shares can be purchased from market just like normal share. It will be available upto 14th.
12.3. MRavichandran     Link|October 15, 2021 9:03:05 PM
@Shrewd Investor,
I am a NRI, Demat with IIFL, PIS with RBL bank.
I have purchased 2000 shares from the market. I haven't recived the RE letter. (I dont have CAF/CNN Number. I cant to able to apply.

If you received RE letter from the Kfintech (CAF/CNN Number), You can apply rights through your axis bank ASBA.

Thanks
11. Deena     Link|October 14, 2021 4:42:59 PM
I have Airtel shares in 2 demat accounts. I have got RE shares in both. Both accounts have same PAN. My question is, can I apply for rights shares from both these demats? Will it be considered as duplicate entry or it is fine to apply?

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