Bharti Hexacom IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Apr 08, 2024Let’s have a detailed review of the company and analytics of the Bharti Hexacom IPO release date, IPO offer price, subscription, Bharti Hexacom Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 5 |
| Price Band | Rs 542 to Rs 570 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 26 Shares |
| Listing Date | April 12, 2024 |
| Offer for Sale | Rs 4,275.00 Crore |
| Fresh Issue | Rs Crore |
| IPO Size | Rs 4,275.00 Crore |
| Tick Size | 1 |
Bharti Hexacom IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Bharti Hexacom Share Price |
Bharti Hexacom IPO – Summary
They are a communications solutions provider offering consumer mobile services,fixed-line telephone and broadband services to customers in the Rajasthan and the North East telecommunication circles in India, which comprises the states of Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura.
Also, they offer their services under the brand ‘Airtel’. They have a distinct strategy to premiumise their portfolio by acquiring and retaining quality customers and deliver an experience to them through their omnichannel approach and use of data science.
The Promoter of this company is BHARTI AIRTELLIMITED. The lead managers of the issue is SBI Capital Markets Limited, Axis Capital Limited, BOB Capital Markets Limited, and IIFL Securities Limited, and the Registrar of this issue is Kfin Technologies Limited.
Bharti Hexacom IPO Date
The opening and closing dates of Bharti Hexacom IPO are April 3, 2024, and April 5, 2024, respectively.
Bharti Hexacom IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 3rd April | 0.29x | 0.36x | 0.50x | 0.35x |
| 2nd Day – 4th April | 0.82x | 1.72x | 1.16x | 1.12x |
| 3rd Day – 5th April | 48.57x | 10.52x | 2.83x | 29.88x |
| Shares Offered or Net Issue | 22,500,000 | 11,250,000 | 7,500,000 | 75,000,000 |
The shares subscribed by the public will be updated here.
Bharti Hexacom IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Bharti Hexacom Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | April 8, 2024 |
| Refunds Initiation | April 10, 2024 |
| Credit of Shares to Demat Account | April 10, 2024 |
| Share Listing Date | April 12, 2024 |
Bharti Hexacom IPO Price Band
The face value of each share is Rs.5, but the price band of the IPO is Rs 542 to Rs 570
Bharti Hexacom IPO Equity Size
This Initial Public Issue of 75,000,000 Equity Shares of Rs.5 each for cash at a price of Rs 542 to Rs 570 per equity share aggregating to Rs.4,275.00 Crore.
Bharti Hexacom IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 75,000,000 Equity Shares of Rs.5/ each.
Issue Size: 75,000,000 Equity Shares of Rs.5 each, aggregating to Rs.4,275.00 Crore
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Bharti Hexacom IPO – Live Performance
The listing date of this IPO is April 12, 2024. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Bharti Hexacom Share Price |
Bharti Hexacom IPO Grey Market Premium
The Bharti Hexacom Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Bharti Hexacom IPO – Company Overview
They have a gamut of digital offerings to enhance customer engagement and differentiated customised offerings through family and converged plans under the Airtel Black proposition, which has resulted in the continuous improvement of their revenue market share during the last three Fiscals.
Also, they undertake prudent cost optimisation measures to improve their profitability and maintain an efficient capital structure with a comfortable leverage position. They continuously invest in network expansion, technology advancement and judicious spectrum investments.
As of December 31, 2023, they had invested ₹206billion in capital expenditure in their future-ready digital infrastructure. They also derive significant synergies from their relationship with their Promoter, Airtel, through the expansive digital infrastructure, digital experience and the digital services it provides to its customers.
Bharti Hexacom IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | ||||
| 31-Dec-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 19,6030 | 18,2529 | 16,6743 | 15,0035 |
| *Total Revenue | 5,4208 | 6,7192 | 5,4940 | 4,7043 |
| Total Expense | 27,374 | 37,933 | 35,912 | 35,499 |
| Profit After Tax | 2818 | 5492 | 1,6746 | (10,339) |
Earnings per Equity Share (in Million)
| 31-Dec-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 5.64 | 10.98 | 33.49 | (20.68) |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 549.20 Million, Rs. 1,674.60 Million and Rs. 26.91 Million respectively.
Bharti Hexacom IPO – Promoters
The Promoter of this company is:
- BHARTI AIRTEL LIMITED
List of Related Parties (Key Managerial Personnel)
-
Jagdish Saksena Deepak, Chairperson and Non-Executive Director
- Devendra Khanna, Non-Executive Director
-
Soumen Ray, Non-Executive Director
-
Sanjeev Kumar, Non-Executive Director
Bharti Hexacom IPO – Promoters Holding
- Pre-Issue Share Holding – 70.00%
- Post-Issue Share Holding – %
Bharti Hexacom IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 75,000,000 Equity Shares aggregating up to Rs.42750 Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 500,000,000 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Bharti Hexacom IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- To carry out the Offer for Sale of up to 75,000,000Equity Shares by the Selling Shareholder; and
- To achieve the benefits of listing the Equity Shares on the Stock Exchanges.
Bharti Hexacom IPO – Business Strategy
- Grow their revenue by Focusing on Acquiring and Retaining Quality Customers
-
Expand Their Network Coverage
- Deliver Brilliant Customer Experience through an Omni channel Approach and Extensive Use of Data Science
- Improve Their Cost Efficiencies
Bharti Hexacom 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:
- Established Leadership and Large CustomerBasein their areas of Operations
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 |
10.98
|
10.98
|
13.83
|
| 31-Mar-22 |
33.49
|
33.49
|
46.87
|
| Mar-21 |
(20.68)
|
(20.68)
|
(54.45)
|
Bharti Hexacom IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Millions) | |
| Bharti Hexacom Limited | 5 | [●] |
10.98
|
13.83
|
65,790 |
| Listed Peers | |||||
| Vodafone Idea Limited | 10 | (1.63) |
(8.43)
|
NA |
421,772
|
| Reliance Jio Infocomm Limited | 10 | NA |
4.05
|
8.43
|
907,860
|
Bharti Hexacom IPO Lead Managers
| Lead Managers |
| SBI Capital Markets Limited
Axis Capital Limited BOB Capital Markets Limited ICICI Securities Limited IIFL Securities Limited |
Bharti Hexacom IPO Registrar to offer
| Registrar to the Offer |
| Kfin Technologies Limited Selenium, Tower B, Plot No.31 and 32, Financial District Nanakramguda, Serilingampally Hyderabad 500 032Telangana, India Telephone:+91 40 6716 2222/18003094001 E-mail:bhl.ipo@kfintech.com Investor Grievance ID:einward.ris@kfintech.com Website:www.kfintech.com Contact person: M. Murali Krishna SEBI Registration No.:INR000000221 |
Bharti Hexacom IPO – Other Details
- Statutory Auditor – Deloitte Haskins and Sells LLP, Chartered Accountants
- Legal Counsel to the Company – AZB & Partners
- Bankers to the Company – HDFC Bank Limited and Citibank
Bharti Hexacom IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Bharti Hexacom Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Bharti Hexacom IPO Review FAQs
Check out various FAQs related to Bharti Hexacom IPO:
What is the Issue Size of Bharti Hexacom IPO?
The Company is making an initial public offer of 75,000,000 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 Bharti Hexacom IPO?
The price band for this particular IPO ranges between Rs 542 to Rs 570. As far as the face value of the share is concerned, it is Rs. 5 per share.
What is the Bharti Hexacom IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on April 3, 2024, while the closing date is set at April 5, 2024.
What is the Bharti Hexacom IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on April 8, 2024, refund initiation is on April 10, 2024, credit of shares is on April 10, 2024, and share listing date is on April 12, 2024.
What is the Bharti Hexacom IPO Listing Date?
Shares of this company shall be listed in the exchanges on April 12, 2024. The date, when the listing would be done, is stagnant on April 12, 2024.
Who is the Registrar of Bharti Hexacom IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Kfin Technologies Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Bharti Hexacom IPO?
Here are the promoters of this IPO – BHARTI AIRTEL 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 Bharti Hexacom IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Bharti Hexacom 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 Bharti Hexacom Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Million is 5492, 2022 is 1,6746, and 2021 is (10,339). PAT from Dec 2023 is 2818.
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