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One of the largest Electronic Manufacturing Services (EMS) providers of India, Bharat FIH is proposing its IPO to raise funds worth Rs. 5003.8 crores.

Thinking of investing in the Bharat FIH IPO, here’s all what you need to know about the company and its IPO.

In this article, we have gathered facts and statistics in regards to the background of the company, its products and services, financial statements, details regarding the IPO, its price, size, share offerings, objects, subscription status, allotment status, grey market premium and more.

In this Bharat FIH IPO Review, all your queries will be answered adequately.

Face ValueRs 10
Price BandNot Disclosed
Listing AtBSE, NSE
Min. Order QuantityNot Disclosed
Listing DateNot Disclosed
Offer for SaleRs. 238.09 Crore
Fresh IssueRs. 2501.9 Crore
IPO SizeNot Disclosed
Tick Size1

 


Bharat FIH IPO Overview

Bharat FIH IPOThe proposed Bharat FIH IPO comprises of a fresh issue of Rs. 2501.9 crores and an Offer for Sale of 238.09 crore equity shares.

The objects of the issue as laid out in the DRHP are to carry out the expansions plans and to invest in the subsidiaries of the company to ensure its smooth working and to maintain sustained operations.

Bharat FIH IPO Important Dates

EventsDate
IPO Opening DateNot Disclosed
IPO Closing DateNot Disclosed
Basis of Allotment FinalizationNot Disclosed
Refunds InitiationNot Disclosed
Credit of Shares to Demat AccountNot Disclosed
Share Listing DateNot Disclosed

Bharat FIH has filed its DRHP with SEBI with the aim of seeking its approval regarding its proposed IPO. Once the DRHP is approved, we can expect the Bharat FIH IPO Dates.

It is notable that the company has changed its name two times in the year 2021 only.

Now the entity is waiting for the green flag from SEBI to initiate further proceedings in regards to the launch of Bharat FIH IPO.

Bharat FIH IPO Price, Size, Share Offerings

Face ValueRs.1
Price BandNot Disclosed
Offer for SaleRs. 238.09 Crore
Fresh IssueRs. 2501.9 Crore
IPO SizeNot Disclosed

In the upcoming IPO, Bharat FIH will be offering 238.09 crore equity shares to the public with an Offer for Sale and shares worth Rs. 2501.9 crores with a Fresh Issue.

The face value of the shares is Rs. 10 each and the Bharat FIH IPO Price, Bharat FIH IPO Size, its floor price, price band and final price will be determined by the company in consultation with it Book Running Lead Managers considering all the qualitative and quantitative factors that have an impact on company’s standings.

Bharat FIH IPO Grey Market Premium

DateGMP (Rs.)Kostak Rate (Rs.)Subject to Sauda (Rs.)
Not Trading in Grey Market yet

There are no updates about the Grey Market Premium of Bharat FIH IPO yet.

The company has recently has filed the documents and is making the further preparations for the execution of the IPO. Bharat FIH IPO GMP will be made available in a short span of time.

Bharat FIH IPO Subscription Status

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day –
3rd Day – 
Shares Offered or Net Issue

The market for receiving the bids for Bharat FIH IPO Subscription is not open yet. The reservation as stipulated for different categories of investors for Bharat FIH is:

At least 75% of the offer shall be reserved for QIBs, 15% of the offer will be for Non-Institutional Investors and further 10% shall be reserved for allocation for the Retail Investors.

The IPO is mandatorily is required to be in confirmation with the regulations formed in this regard.

The Lead Managers of the issue are:

  • Kotak Mahindra Capital Company Limited
  • Citigroup Global Markets India Private Limited
  • BNP Paribas
  • HSBC Securities and Capital Markets (India) Private Limited

The details in respect of the price band and subscription will be made available in a short time.

Bharat FIH IPO Allotment Status

The Bharat FIH IPO Allotment is not declared yet by the company. Information will be updated soon. The Book Running Lead Managers of the Bharat FIH IPO are:

  1. Kotak Mahindra Capital Company Limited
  2. Citigroup Global Markets India Private Limited
  3. BNP Paribas
  4. HSBC Securities and Capital Markets (India) Private Limited

The registrar of the issue is KFin Technologies Private Limited. The company offers wide services including end-to-end transaction management, compliance solutions, data analysis and much more.

Bharat FIH IPO Live Performance

To check out the live performance of the IPOs live right now, click on the link below. Also, once Bharat FIH IPO Share Price is live, you can check out its performance as well.


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    Latest Bharat FIH IPO News

    The company has filed the DRHP with the capital market regulator SEBI in pursuance of the IPO and raising funds of about Rs. 5003.8 crores for effecting expansion and up-gradation plans, to invest in its subsidiary, to maintain the long-term working capital and for other general purposes.


    Bharat FIH – Company Review

    Bharat FIH is the Indian unit of Foxconn Technology Group Company. Foxconn Technology Group Company worldwide known as Foxconn is a multinational electronics manufacturer. It is headquartered in Taiwan.

    On the other hand, Bharat FIH is headquartered in Andhra Pradesh. It is associated with various eminent brands and offers ample goods and services including manufacturing of Mechanical Components (metal & plastic) of phones to assembly of smartphones, PCBs and other devices.

    The company has become the largest Electronics Manufacturing Services (EMS) Company within a span of 6-7 years with its high quality and commitment.

    Also, the company is cost-effective and endeavors towards making low-cost high-quality products for its customers and serving with efficiency.

    The company has a capacity of 25000 employees, of which around 85% are women.

    Products or Services

    Bharat FIH is indulged in the manufacturing of mobiles and smartphones. From the manufacturing of the parts to its assembly, Bharat FIH has the efficient capacity to undertake all the activities.

    Bharat FIH is the largest Electronics Manufacturing Services (EMS) with about 15% of the market revenue share in the industry as per the Financial Year 2021. Majority of manufacturing for Xiaomi Technology is done by Bharat FIH only.

    It is important to note that in an attempt of expanding its operations, Bharat FIH has started undertaking services related to mechanics, electric vehicles, televisions and wearables.

    Promoters and Holding

    The founders of the Gurugram based company, Bharat FIH are Wonderful Stars and FIH Mobile

    The company is professionally managed and does not have any identifiable promoters. The management of Bharat FIH comprises of the following:

    • Yu Yang Chih holds the position of Chairman and Non-Executive Director
    • Hui-Chung Chen holds the position of Non-Executive Director
    • Kam Wah Danny Tam holds the position of Non-Executive Director
      • Clement Joshua Foulger holds the position of Managing Director

    Is Bharat FIH good for Investment?

    Founded as Rising stars Mobile India, now Bharat FIH Limited commenced its business in Andhra Pradesh and eventually expanding its coverage and now has set up units in Sungavarchatram and Sriperumbudur in 2017.

    In a tenure of 6 years, the company has attained immense progress and is continuously expanding its horizons. It manufactures various components of mobile phones and also processes the assembly of the same.

    Started the journey in 2015, the company is employing 2500 employees and implements various policies for the convenience of its employees. With this extensive capacity, Bharat FIH is serving domestic as well international brands.

    The company employs driven quality technological processes to execute its operations.


    Bharat FIH Financial Statements

    Amount (in INR & Million)
    30-Sept-2130-Sept-2031-Mar-2131-Mar-20Mar-19
    Assets87132.0189713.8987120.9186231.5288999.15
    Revenue101698.3564278.63159066.57266693.26343923.73
    Expense100503.2763430.28157101.52261959.52346036.98
    Profit After Tax891.71881.871619.153897.13(2228.71)

    Bharat FIH has reported the total revenue of Rs. 15,854.86 crores for the financial year 2021 and has earned a profit of Rs. 161.92 crores for the same period.

    Their operations are directed towards lowering the manufacturing costs for their customers.

    They aim at enhancing the supply chain management, reducing product completion time, meeting the demand on time with their consistently evolving technology and professionally managed team.

    Earnings per Equity Share (in Million)
    30-Sept-2130-Sept-2031-Mar-2131-Mar-2031-Mar-19
    Basic & Diluted0.370.370.682.08(1.57)

    Bharat FIH IPO Review

    The Bharat FIH concentrates on manufacturing mobile phones and their components. It has a large market share and serves some of the prominent entities like Xiaomi Technology India Private Limited.

    The objectives of the IPO are to expand its capacity and effect other growth plans. The company is operating decent and is earning incremental profits year-on-year.

    Bharat FIH is the subsidiary of Foxconn Technology Group Company and the majority of its shares are held by its holding company. Also, it is important to note that post IPO as well, Foxconn will continue to hold the majority of the shares and control.


    Bharat FIH IPO Details

    Here are few more details you need to know before investing in Bharat FIH IPO –

    Bharat FIH IPO Issue Object

    Bharat FIH has proposed diverse objectives for making the IPO offer and some of the objectives are:

    • Funding capital expenditure requirements of our Company towards up-gradation and expansion of our existing campuses;
    • Investment in our Subsidiary, RSHTPL, for financing its capital expenditure requirements;
    • Funding working capital requirements of our Company; and
    • General corporate purposes.

    Bharat FIH IPO – Basis of Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • Largest EMS provider in India by revenue market share, with the size, scale and competencies to pursue substantial growth opportunities in the EMS market;
    • Availability of PLIs;
    • Long-term, strategic relationships with industry leading OEM customers;
    • Large-scale, high quality and state-of-the-art manufacturing and assembly capabilities;
    • In-house capabilities across the ODM value chain, enabling vertical integration;
    • Ability to drive innovation through advanced research and development capabilities;
    • Resilient, capital efficient business with stable working capital cycle;
    • Experienced management with a demonstrated track record of delivering profitable growth; and
    • Strong parentage with global leadership, backed by experienced management.

    Quantitative factors are:

    Basic & Diluted EPSRONW (%)NAV (Rs.)
    31-Mar-210.685.7111.91
    31-Mar-202.0814.57
    Mar-19(1.57)(14.22)

    Bharat FIH IPO Lead Managers

    Here are the list of Lead managers –

    • Kotak Mahindra Capital Company Limited
    • Citigroup Global Markets India Private Limited
    • BNP Paribas
    • HSBC Securities and Capital Markets (India) Private Limited

    Bharat FIH IPO Registrar to offer

    Check out the details of registrar here –

    KFin Technologies Private Limited
    Selenium, Tower B, Plot No. 31-32
    Financial District, Nanakramguda,
    Hyderabad, Rangareddi 500 032
    Telangana, India
    Tel: + 91 40 6716 2222
    E-mail:bharatfih.ipo@kfintech.com
    Website: www.kfintech.com
    Investor Grievance e-mail: einward.ris@kfintech.com
    Contact Person: M. Murali Krishna
    SEBI Registration No.:INR000000221

    Bharat FIH IPO – Other Details

    • Statutory Auditor – Deloitte Haskins & Sells LLP
    • Legal Counsel to the Company – Shardul Amarchand Mangaldas & Co
    • Bankers to the Company – Citibank N.A

    Bharat FIH IPO – Conclusion

    The IPO is a split off of a fresh issue and offer for sale and as per the stated objects of the issue, the company is planning is further expansion and upgradation in the operations.

    Therefore, investors might consider investment in this mobile phone manufacturing company.


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      Bharat FIH IPO Review FAQs

      Check out the FAQs on Bharat FIH IPO –

      What is the Issue Size of Bharat FIH IPO?

      The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article.

      You can check the stats on the fresh issue, Offer for sale, and net issue.

      What is the Price band of Bharat FIH IPO?

      The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.1 per share.

      What is the Bharat FIH IPO Open Date?

      The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.

      What is the Bharat FIH IPO Allotment Date?

      They also have the news regarding the respective allotment dates of this IPO.

      Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.

      What is the Bharat FIH IPO Listing Date?

      Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.

      Who is the Registrar of Bharat FIH IPO?

      One of the reputed registrars is managing the issue of this IPO, i.e. KFin Technologies Private Limited. Their website will help you regarding the further information you are on the lookout for.

      Who is the Promoter of Bharat FIH IPO?

      Here are the promoters of this IPO – WONDERFUL STARS PTE. LTD. AND FIH MOBILE LIMITED. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      What is the GMP of Bharat FIH IPO?

      They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

      Is Bharat FIH IPO good for Investment?

      They have further provided the financial status of the company in this article, from the past few years.

      You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      What is the PAT of Bharat FIH Company?

      They have the information of company financials, and according to that, they have the figures from the last few years to provide.

      PAT for the financial year 2021 in Million is 1619.15, 2020 is 3897.13, 2019 is (2228.71). PAT from Sept 2021 is 891.71.


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