Bharti Hexacom is scheduled to hit the market on April 3, 2024 and close on April 5, 2024. Bharti Hexacom plans to raise around ₹4,275.00 Cr through an IPO with a sale of up to 75,000,000 equity shares of ₹5 each. The Retail offered 10%, QIB Shares Offered 75%, HNI Shares Offered 15%.
Bharti Hexacom, established in 1995, is a telecommunications company offering fixed-line telephone and broadband services to customers in Rajasthan and the North East telecom circles of India. The company operates in states such as Rajasthan, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura. By December 31, 2023, Bharti Hexacom Limited had invested ₹206 billion in digital infrastructure capital expenditures to ensure its readiness for the future. The company boasted a substantial customer base of 27.1 million spread across 486 census towns, supported by a distribution network comprising 616 distributors and 89,454 retail touchpoints.
As of December 31, 2023, Bharti Hexacom Limited had a significant presence in the digital market with 19,144 thousand data customers. Among these customers, 18,839 thousand were utilizing 4G and 5G services. This highlighted the company's focus on providing advanced technological solutions to its broad customer base. Overall, the company's strategic investments and expansive network underscore its commitment to delivering high-quality telecommunications services and staying at the forefront of digital innovation in the region.
Bharti Hexacom IPO Details
Bharti Hexacom IPO opens on April 03, 2024, and closes on April 05, 2024. The Listing date for Bharti Hexacom IPO is on April 12, 2024. The price band for IPO is ₹542 to ₹570 per share and lot size of 26 Shares.
| IPO Date | April 03, 2024 to April 05, 2024 |
| Listing Date | April 12, 2024 |
| Price | ₹542 to ₹570 per share |
| Lot Size | 26 Shares |
| Issue Size | ₹4,275.00 Cr |
| Face Value | ₹5 per share |
Bharti Hexacom IPO Tentative Timetable
Bharti Hexacom opening date is April 03, 2024 and close date is April 05, 2024. The IPO allotment date is April 08, 2024. The refund initiation of IPO is on April 10, 2024. The credit of shares in demat account is on April 10, 2024. The listing date is on April 12, 2024.
| Event | Date |
|---|---|
| IPO Opening | April 03, 2024 |
| IPO Closing | April 05, 2024 |
| IPO Allotment Date | April 08, 2024 |
| Refund Initiation | April 10, 2024 |
| Shares Credit to Demat | April 10, 2024 |
| Lisiting Date | April 12, 2024 |
Bharti Hexacom IPO Lot Size
Lot Size of this IPO is 26 shares. A retail-individual investor can apply for up to 13 lots (338 shares or ₹192,660).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 26 | ₹14,820 |
| Retail(Maximum) | 13 | 338 | ₹192,660 |
| S-HNI (Minimum) | 14 | 364 | ₹207,480 |
| B-HNI (Minimum) | 68 | 1,768 | ₹1,007,760 |
Bharti Hexacom IPO Promoter Holding
| Pre Issue Share Holding | 70.00% |
| Post Issue Share Holding |
Bharti Hexacom IPO Review
Bharti Hexacom, a telecommunications company established in 1995, has recently announced its Initial Public Offering (IPO) with a market capitalization of Rs 28500 Cr. As of December 31, 2023, the company had 27.1 million customers spread across 486 census towns in Rajasthan and the North East regions of India. With a strong focus on digital infrastructure, Bharti Hexacom has invested a substantial amount of ₹206 billion by the end of 2023 to enhance its services and prepare for the future.
In terms of financial performance, Bharti Hexacom's revenue saw a 22.3% increase, although the profit after tax (PAT) experienced a decline of -67.2% between the financial years ending in March 2023 and March 2022. The company's key performance indicators as of December 31, 2023, reflect a Debt/Equity ratio of 1.41, Return on Net Worth (RoNW) at 7.08%, and Price to Book Value (P/BV) ratio of 6.45. These metrics provide valuable insights into the company's financial health and investment potential for prospective investors considering the IPO.
The objectives of Bharti Hexacom's IPO include conducting an Offer for Sale of up to 75,000,000 Equity Shares by the Selling Shareholder and leveraging the benefits of listing the Equity Shares on the Stock Exchanges. The Pre-IPO and Post-IPO earnings per share (EPS) and price-to-earnings (P/E) ratios offer a glimpse into the company's projected performance post-listing. Overall, Bharti Hexacom Limited's IPO presents an opportunity for investors to participate in a reputable telecommunications firm with a strong customer base and strategic investment in digital infrastructure, making it a compelling prospect in the market.
Bharti Hexacom IPO Subscription Status (Bidding Details)
Table not foundBharti Hexacom IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Bharti Hexacom IPO FAQs
What is Bharti Hexacom IPO?
Bharti Hexacom is issuing 75,000,000 equity shares with a face value of ₹5 each, totaling up to ₹4,275.00 Cr. The shares are being offered at a price of ₹542 to ₹570 each, with a minimum order quantity of 26 shares.
Kfin Technologies Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Bharti Hexacom IPO will open?
Bharti Hexacom will open on April 03, 2024 for QIB, NII, and Retail Investors.
When Bharti Hexacom IPO will end?
Bharti Hexacom will end on April 05, 2024.
What is Bharti Hexacom IPO Size?
Bharti Hexacom IPO size is ₹4,275.00 Cr.
What is Bharti Hexacom IPO Price Band?
Bharti Hexacom price band is ₹542 to ₹570 per share.
What is the Bharti Hexacom IPO Allotment Date?
Bharti Hexacom allotment date is April 08, 2024.
What is the Bharti Hexacom IPO Listing Date?
Bharti Hexacom listing date is April 12, 2024. The IPO is to be listed on BSE and NSE.
How to Bharti Hexacom IPO through Zerodha?
To apply for the IPO “Bharti Hexacom” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Bharti Hexacom IPO through Upstox?
To apply for the IPO “Bharti Hexacom” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Bharti Hexacom IPO Allotment Status?
For Bharti Hexacom IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Bharti Hexacom IPO GMP?
You can check out here: Bharti Hexacom IPO GMP