Bharti Hexacom IPO Details
- IPO Dates: April 3, 2024 – April 5, 2024
- Listing Date: Friday, April 12, 2024
- Face Value: ₹5 per share
- Price Range: ₹542 – ₹570 per share
- Lot Size: 26 Shares
- Total Shares Issued: 75,000,000 shares (raising up to ₹4,275.00 Cr)
- Sale Offer: 75,000,000 shares at ₹5 (raising up to ₹4,275.00 Cr)
- IPO Type: Book Built Issue IPO
- Listing Platforms: BSE, NSE
- Shares before the IPO: 500,000,000
- Shares after the IPO: 500,000,000
Reservation for Bharti Hexacom IPO
The Bharti Hexacom IPO is allocating 75,000,000 shares across different investor groups:
- 22,500,000 shares (30%) to QIB (Qualified Institutional Buyers)
- 11,250,000 shares (15%) to NII (Non-Institutional Investors)
- 7,500,000 shares (10%) to RII (Retail Individual Investors)
- 33,750,000 shares (45%) to Anchor investors.
Details about Anchor Investors for the Bharti Hexacom IPO
- Funding Raised: Rs 1,923.75 crore from anchor investors
- Date for Anchor Bids: April 2, 2024
- Shares Offered to Anchors: 33,750,000
- Funds Raised from Anchors (Cr.): 1,923.75
- End of Lock-in Period for 50% of Shares: May 8, 2024
- End of Lock-in Period for Remaining Shares: July 7, 2024
Anticipated Timeline for Bharti Hexacom IPO
- Opening Date: Wednesday, April 3, 2024
- Closing Date: Friday, April 5, 2024
- Allotment Date: Monday, April 8, 2024
- Refund Initiation: Wednesday, April 10, 2024
- Shares Credited to Demat: Wednesday, April 10, 2024
- Listing Date: Friday, April 12, 2024
- Deadline for UPI Mandate Confirmation: 5 PM, April 5, 2024
Bharti Hexacom IPO’s Minimum and Maximum Investment
Investors can bid for a minimum of 26 shares and in multiples there of. Below is the breakdown of minimum and maximum investment for retail and HNIs in terms of shares and amount.
| 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 |
The Promoter behind the company is Bharti Airtel Limited with a 70% share holding before and remains unchanged post-issue.
About Bharti Hexacom Limited
Bharti Hexacom Limited, established in 1995, offers fixed-line telephone and broadband services in the Rajasthan and North East telecom circles of India, covering states like Rajasthan, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura.
By December 31, 2023, it accumulated ₹206 billion in investments towards its digital infrastructure to prep for future demands. It boasts a customer base of 27.1 million across 486 towns, backed by a network of 616 distributors and 89,454 retail outlets. The company also reported having 19,144 thousand data customers as of that date, including 18,839 thousand 4G and 5G subscribers.
Financial Highlights of Bharti Hexacom Limited
In the periods mentioned, Bharti Hexacom Limited witnessed a revenue surge of 22.3%, despite a -67.2% fall in profit after tax (PAT) between the financial years ending March 31, 2023, and March 31, 2022.
Market Capitalization and Key Performance Indicators as of December 31, 2023:
- Market Cap: ₹28,500 Cr
- Debt/Equity: 1.41
- Return on Net Worth (RoNW): 7.08%
- Price to Book Value (P/BV): 6.45
Purpose of the Offer
The main motivations for the offer include conducting a sale of up to 75,000,000 equity shares by the selling shareholder and achieving the perks of having the shares listed on the stock exchanges.
Bharti Hexacom Limited Contact Information
- Address: Bharti Crescent, 1 Nelson Mandela Road, Vasant Kunj, Phase II, New Delhi-110 070
- Phone: 011-46666100
- Email: bhartihexacom@bharti.in
- Website: Bharti Hexacom
IPO Registrar
- Kfin Technologies Limited
- Phone: 04067162222, 04079611000
- Email: bhl.ipo@kfintech.com
- Website: Kfin Technologies