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Bharti Hexacom IPO

  • Status: Closed
  • RHP:
  • ₹ 14,092 / 26 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    12 Apr 2024

  • Listing Price

    ₹755.20

  • Listing Change

    32.49%

  • Last Traded Price

    ₹1,373.20

IPO Details

  • Open Date

    03 Apr 2024

  • Close Date

    05 Apr 2024

  • IPO Price Range

    ₹ 542 to ₹570

  • IPO Size

    ₹ 4,275 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    12 Apr 2024

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IPO Timeline

Bharti Hexacom IPO Subscription Status

Last Updated: 23 April 2024 12:56 PM by 5Paisa

Bharti Hexacom Limited IPO is set to open from 3rd April to 5th April 2024. The company is a communications solutions provider. The IPO includes an Offer for Sale (OFS) of 75,000,000  shares worth ₹4,275 cr. The share allotment date is 8th April 2024, and the IPO will be listed on 12th April 2024 on the stock exchanges. The price band is set at ₹542 to ₹570 and the lot size is 26 shares.

SBI Capital Markets Limited, Axis Capital Limited, BOB Capital Markets Limited, ICICI Securities Limited, and IIFL Securities Limited are the book-running lead managers for this IPO, while Kfin Technologies Limited is the registrar. 

Objectives of Bharti Hexacom IPO

The company will not receive any proceeds from the IPO. 
 

Bharti Hexacom IPO Video

 

 

Bharti Hexacom IPO Size

Types Size (₹Cr)
Total IPO size 4,275.00
Offer for sale 4,275.00
Fresh issue -

Bharti Hexacom IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 26 ₹14,820
Retail (Max) 13 338 ₹192,660
S-HNI (Min) 14 364 ₹207,480
S-HNI (Max) 67 1,742 ₹992,940
B-HNI (Min) 68 1,768 ₹1,007,760

Bharti Hexacom IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
Anchor Allocation 1 3,37,50,000 3,37,50,000 1,923.750
QIB 0.82 22,500,000 1,83,87,954 1,048.113
NII (HNI) 2.40 1,12,50,000 2,70,22,216 1,540.266
Retail 1.40 75,00,000 1,05,15,154  599.364
Total 1.36 4,12,50,000 5,59,25,324 3,187.743

Bharti Hexacom IPO Anchor Allocation

Anchor Bid Date 2 April, 2024
Total no. of shares offered 33,750,000
Portion Size for Anchor Investors 1,923.75 Cr.
Lock in Period for 50% shares (30 days) 8 May, 2024
Lock in Period for rest of shares (90 days) 7 July, 2024

Established in 1995, Bharti Hexacom Limited is a communications solutions provider and offers services under the brand name Airtel. The company provides three main services i) consumer mobile services ii) fixed-line telephone iii) broadband services.

The company offers this in Rajasthan, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura. Bharti offers digital services that help its growth such as family and converged plans under the Airtel Black proposition. The company has invested ₹206 billion for future digital infrastructure as of December 2023.

Bharti Hexacom has a presence in 486 towns and has an aggregate of 27.1 million customers across both Rajasthan and North Ease states as of December 2023. The company used 24,874 network towers in the same period. 

Peer Comparison

●    Bharti Airtel Limited
●    Vodafone Idea Limited
●    Reliance Jio Infocomm Limited 

For More Information:
Webstory on Bharti Hexacom IPO

Bharti Hexacom IPO Key Documents:

Bharti Hexacom IPO RHP
Bharti Hexacom IPO DRHP
Bharti Hexacom IPO Anchor Allocation

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 6579.0 5405.2 4602.3
EBITDA 2888.4 1898.5 1137.3
PAT 549.2 1674.6 -1033.9
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 18252.9 16674.3 15003.5
Share Capital 250.00 250.00 250.00
Total Borrowings 14043.4 13013.8 13017.5
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 5108.4 1258.0 1517.2
Net cash from / (used in) investing activities -2030.9 -1382.5 -882.5
Net cash flow from / (used in) financing activities -3111.4 183.1 -604.2
Net increase (decrease) in cash and cash equivalents -33.9 58.6 30.5


Strengths

1.    The company has established its Leadership and has a large customer base in its area of operations.
2.    It operates in the Rajasthan and North East telecommunication circles in India, which are high-growth markets.
3.    It is an Established Brand and has an Extensive Distribution and Service Network.
4.    The company rely on a robust network infrastructure through owned and leased assets. 
5.    Experienced management team.
 

Risks

1.    The business can be impacted by regulatory ceilings on pricing or pricing pressure.
2.    It has incurred significant indebtedness.
3.    The company has incurred losses in the past.
4.    It is a highly working capital-intensive business. 
5.    A large part of its passive infrastructure is not owned by the company. 
6.    The company faced intense competition.
7.    It has reported negative cash flow in the past. 
 

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FAQs

Bharti Hexacom IPO opens from 3rd April to 5th April 2024.
 

The size of Bharti Hexacom IPO is ₹4,275 cr. 
 

To apply for Bharti Hexacom IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Bharti Hexacom IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
You will receive a mandate notification to block funds in your UPI app.
 

The price band of Bharti Hexacom IPO is set at ₹542 to ₹570 per share.
 

The minimum lot size of Bharti Hexacom IPO is 26 shares and the minimum investment required to apply for the IPO is ₹14,092.
 

The share allotment date of Bharti Hexacom IPO is 8th April 2024.
 

The Bharti Hexacom IPO will be listed on 12th April 2024.
 

SBI Capital Markets Limited, Axis Capital Limited, BOB Capital Markets Limited, CICI Securities Limited, and IIFL Securities Limited are the book-running lead managers for Bharti Hexacom IPO.
 

Bharti Hexacom will not receive any proceeds from the IPO.