Let’s have a detailed review of the company and analytics of the Bharti Airtel Rights Issue offer open date, Term of payment, Bharti Airtel Limited Rights Issue Entitlement, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 5
Issue PriceRs 535
Listing AtBSE, NSE
Min. Lot Size[●] Eq Shares
Record DateSeptember 28, 2021
Issue Size (Rs.)Rs 209,873.90 Millions
Shares for Issue392,287,662 Eq Shares
Rights entitlement1 (one) Rights Equity Share for every 14 (fourteen) Equity
Share(s) held on the Record Date

Bharti Airtel Rights Issue is listed at BSE & NSE. Check out the live share price by clicking on the below link.


Bharti Airtel Rights Issue – Summary

Bharti Airtel Rights IssueThey are the world’s second-largest provider of telecommunications services, based on total mobile connections on the sum of consolidated subsidiaries with operations in 18 countries across Asia and Africa.

Based on TRAI Reported Revenue, for the three months ended June 30, 2021, they had a revenue market share of approximately 34.9% in India calculated on the basis of AGR (including national long distance) and this ranks them second in the overall revenue market share in India. Furthermore, as of June 30, 2021, they served approximately 474 million customers globally.

The Promoter of this company is BHARTI TELECOM LIMITED. The lead manager to the issue is Axis Capital Limited, J.P. Morgan India Private Limited, Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Company Limited, BNP Paribas, BofA Securities India Limited, Goldman Sachs (India) Securities Private Limited, HDFC Bank Limited, ICICI Securities Limited, JM Financial Limited, and the Registrar to this issue is KFin Technologies Private Limited.


Bharti Airtel Rights Issue Date

The opening and the closing date of the IPO of Bharti Airtel Limited are October 05, 2021, and October 21, 2021, Respectively.


Bharti Airtel Rights Issue Allotment Status

Here, you can find the Allotment Status of this Right Issue.

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 Airtel Rights Issue Dates

Find the dates below on basis of allotment, record, listing, and more:

Issue Opening Date
October 05, 2021
Last date for on-market renunciation of rights / Date of closure of trading of Rights EntitlementsOctober 14, 2021
Issue Closing DateOctober 21, 2021
Finalizing the basis of allotment with the Designated Stock ExchangeOctober 27, 2021
Record dateSeptember 28, 2021
Date of AllotmentOctober 28, 2021
Credit of Shares to Demat AccountOctober 29, 2021
Share Listing DateNovember 01, 2021

Bharti Airtel Rights Issue Price

The face value of each share is Rs.5, but the Cash Price is Rs.535 per Eq share. 


Bharti Airtel Rights Issue Equity Size

This Initial Public Issue of 392,287,662 Equity Shares of Rs.5 each for cash at a price of Rs.535 per equity share aggregating to Rs 209,873.90 Million.


Bharti Airtel Rights Issue – Live Performance

The listing date of this IPO is November 01, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.

Live IPO Performance – Bharti Airtel Share Price

Bharti Airtel Rights Issue – Company Overview

Their retail portfolio includes high-speed 4G/4.5G mobile broadband, Airtel Xstream Fiber that provides speeds up to 1 Gbps with convergence across various entertainment, streaming services spanning music and video, digital payments, and financial services.

For enterprise customers, they offer a wide range of solutions that includes secure connectivity, cloud and data center services, cyber security, Internet of Things (“IoT”), and cloud-based communication.

All these services are rendered under a unified brand “Airtel.” “Airtel Money” (known as “Airtel Payments Bank” in India) extends their product portfolio to further their financial inclusion agenda and offer the convenience of payments and money transfers through mobile phones over secure and stable platforms in India and across all 14 countries in Africa.

Globally, they operate a fiber network covering over 365,000 route km (“Rkm”) and in India, their national long-distance infrastructure provides a pan-India reach with 332,542 Rkms of optical fiber as of June 30, 2021.


Bharti Airtel Rights Issue – 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 & Millions)
31-Mar-2131-Mar-20
Total Assets3,460,2783,607,790
*Total Revenue1,012,586862,122
Total Expense552,441504,231
Profit After Tax(123,640)(306,642)

Earnings per Equity Share (in Millions)

31-Mar-2131-Mar-20
Basic & Diluted0.52(27.65)

 

Financial Performance:

Their finance cost increased by 21.9% to Rs. 42,257 million in the three months ended June 30, 2021, from Rs. 34,671 million in the three months ended June 30, 2020. This increase was primarily due to an increase in interest expense led by higher regulatory borrowings and lower investment income due to the utilization of surplus funds to repay external debt.

Their revenue from operations increased by Rs. 159,393 million, or 18.8%, to Rs. 1,006,158 million in the fiscal year ended March 31, 2021, from Rs. 846,765 million in the fiscal year ended March 31, 2020. This increase was primarily due to an increase in network usage by 19.0% to 3,963 billion minutes in the fiscal year ended March 31, 2021, from 3,332 billion minutes in the fiscal year ended March 31, 2020, an increase in customer base by 11.4% to 471 million customers in the fiscal year ended March 31, 2021, from 423 million customers in the fiscal year ended March 31, 2020.


Bharti Airtel Rights Issue – Promoters

The Promoters of this company are:

  1. BHARTI TELECOM LIMITED

List of Related Parties (Key Managerial Personnel)

  • Sunil Bharti Mittal, Chairman, and Whole-time Director
  • Gopal Vittal, Managing Director & CEO
  • Chua Sock Koong, Non-Executive Director
  • Rakesh Bharti Mittal, Non-Executive Director
  • Tao Yih Arthur Lang, Non-Executive Director
  • Dinesh Kumar Mittal, Independent Director

Bharti Airtel Rights Issue Details

 ParticularsDetails of Equity Shares
Equity Shares proposed to be issuedUp to 392,287,662 Equity Shares
Rights Entitlement1 (one) Rights Equity Share for every 14 (fourteen) Equity
Share(s) held on the Record Date
Record DateSeptember 28, 2021
Issue Price per Rights Equity SharesRs.535/-
Issue SizeUp to Rs 209,873.90 million
Equity Shares issued, subscribed and paid up prior to the Issue5,492,027,268 Equity Shares
Equity Shares subscribed and paid up after the IssueUp to 5,884,314,930 Equity Shares

Bharti Airtel Rights Issue Object

Their Company proposes to utilize the Net Proceeds towards funding 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 their Company and their Subsidiaries, including deferred payment term liabilities to DoT; and
2. General corporate purposes. 

Bharti Airtel Rights Issue – Business Strategy

  • Grow their 4G subscriber market share in the mobile telecommunication industry
  • Invest in their telecommunication network to enhance user experience and deliver a differentiated value proposition to their customers
  • Focus on developing high growth revenue streams such as digital services, enterprise, broadband, digital TV, and mobile payment bank (“MPS”) businesses, among others
  • Focus on digitization and cost optimization
  • They focus on deleveraging and maintaining financial flexibility

Bharti Airtel Rights Issue Lead Managers

Lead Managers
Axis Capital Limited

J.P. Morgan India Private Limited

Citigroup Global Markets India Private Limited

Kotak Mahindra Capital Company Limited

BNP Pariba

BofA Securities India Limited

Goldman Sachs (India) Securities Private Limited

HDFC Bank Limited

ICICI Securities Limited

JM Financial Limited

Bharti Airtel – Rights Issue Registrar to offer

Registrar to the Offer
KFin Technologies Private Limited
(Formerly known as Karvy Fintech Private Limited)
Address: Selenium, Tower B,
Plot No- 31 and 32, Financial District,
Nanakramguda, Serilingampally,
Hyderabad, Rangareddi 500 032 Telangana, India.
Telephone Number: +91 40 67162222
Fax: +91 40 2343 1551
Toll-free number: 18003094001
Website: www.kfintech.com
Email: bhartiairtel.rights@kfintech.com
Investor grievance e-mail:einward.ris@kfintech.com
Contact Person: M Murali Krishna
SEBI Registration No.: INR000000221

Bharti Airtel Issue – Other Details

  • Statutory Auditor – Deloitte Haskins & Sells LLP, Chartered Accountants
  • Legal Counsel to the Company – AZB & Partners
  • Bankers to the Company – Axis Bank Limited


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    Bharti Airtel Limited Rights Issue News

    News 1 – Bharti Airtel Rights Issue Draft Download

    News 2 –  Bharti Airtel Rights Issue Letter of Offer


    Bharti Airtel Rights Issue Review FAQs

    Where to download Bharti Airtel Issue letter of offer?

    This page is the perfect hub for shareholders, which wish to pursue the option of buying additional Bharti Airtel Company shares. You will find a news section towards the end of the page, and the link which would redirect you to the letter of offer.

    Where to download the Application Form for Bharti Airtel Rights Issue?

    Application forms of the Bharti Airtel Rights Issue can be obtained via multiple destinations. You can seek out the exchange or company or the registrar’s official websites. Furthermore, you may download the form, fill it up, and then choose the either online or offline mode to submit it.

    How to check Bharti Airtel Issue allotment date?

    They are highly oriented to provide you with end-to-end details of the Bharti Airtel Rights Issue. Hence, they urge you to check out the page precisely for the allotment date. They will find a sub-section on the page, namely Rights Issue Dates, which features all necessary dates.

    What is the Bharti Airtel Rights Issue price per share?

    Rights issue is generally an offer made to shareholders at a price lower than the market price. Hence, as per the offer made in the Letter of Offer, the company proposes to sell shares at Rs.535 per Equity Share through Bharti Airtel Rights Issue.

    Who is the registrar to Bharti Airtel Issue?

    Registrar, as chosen by Bharti Airtel is KFin Technologies Private Limited. You can refer to this article which furthermore contains all the details of the registrar. Scroll towards the end of the page to find the registrar’s address, contact person, and email id information.

    When the Bharti Airtel Rights Issue is opening?

    They collected all the scattered data from the Letter of Offer for their readers, to make it easy for them to easily locate the required details. As per the offer stated, the Bharti Airtel Rights Issue is all set to open on October 05, 2021.

    When the Bharti Airtel Rights Issue is closing?

    While, the offer would open on October 05, 2021, it is most likely scheduled to close on October 21, 2021. This would be the last day you can bid for the shares, being an eligible shareholder. Check the article for more insights on the Bharti Airtel Rights Issue.

    What is the Bharti Airtel Issue size?

    Bharti Airtel Rights Issue is a proposal to raise 392,287,662 Equity shares, aggregating to Rs 209,873.90 Million, from the existing shareholders. You can furthermore refer to the topmost table of this article to check out other crucial statistics such as Minimum Lot size, record date, RE, Face value, and more.

    Who is the Bharti Airtel Issue Lead manager?

    A designated underwriter or lead manager of Bharti Airtel Rights Issue is Axis Capital Limited, J.P. Morgan India Private Limited, Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Company Limited, BNP Paribas, BofA Securities India Limited, Goldman Sachs (India) Securities Private Limited, HDFC Bank Limited, ICICI Securities Limited, JM Financial Limited. They also provide you with the information you need about the lead manager, such as an address, contact person, email address, and more. Such data is structured towards the end of the article.

    What are the important dates of the Bharti Airtel Rights Issue?

    There are a bunch of important dates regarding the Bharti Airtel Rights Issue, which you need to know about. The priority should be the Record Date of September 28, 2021., which deems you eligible for investment. The rest of the dates include opening, closing, allotment, listing, and more, which are all provided in the section Rights Issue Dates.


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