Bharti Hexacom Limited IPO
MainboardTelecom - Cellular & Fixed line services
Listed On: Apr 12, 2024 at ₹ 755.0(NSE)
₹ 14820 /26 Shares
Check AllotmentPrice Summary
Last Closing
1,776.80 (211.72%)52 Week High
2,052.9052 Week Low
1,114.00Last Update
20-Aug-2025 3:30 PM03 Apr, 2024
Open Date05 Apr, 2024
Close Date08 Apr, 2024
Allotment Date12 Apr, 2024
Listing DateIssue Price
₹542-570 per equity shareFace Value
₹5 Per Equity ShareListing at Group
BSE, NSERegistrar
Kfin Technologies LimitedList Price
755.0(NSE)Listing Date
2024-04-12Market Lot
Retail : 26 Shares (₹14,820/-)S-HNI : 364 Shares (₹2,07,480/-)
B-HNI : 1,768 Shares (₹10,07,760/-)
Lead Manager
SBI Capital Markets LimitedAxis Capital Limited
Bob Capital Markets Limited
ICICI Securities Limited
Iifl Securities Ltd
Issue Size
OFS : 75,000,000 shares(aggregating up to ₹4275 Cr)Retail Portion
10% (Number of Retail Applications: 2,88,461 Approx),(Number of S-HNI Applications : 10,302 Approx),
(Number of B-HNI Applications : 20,604 Approx)
Subscription
29.87 timesBharti Hexacom Limited IPO Details
Bharti Hexacom Limited IPO is a book-built issue of ₹4275 crores, The total issue size is ₹4275 crores. The IPO of Bharti Hexacom Limited is priced at ₹542-570 per equity share, which has a face value of ₹5 Per Equity Share each, IPO bidding starts from Apr 3, 2024 and ends on Apr 5, 2024. The allotment for Bharti Hexacom Limited IPO will be finalized on Apr 8, 2024. Bharti Hexacom Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Apr 12, 2024. The company shall list its equity shares on the BSE, NSE. Kfin Technologies Limited is the registrar of the issue.
Retail investors can bid for a minimum of 26 shares, extendable to 14,820. S-HNIs will be able to bid for 364 shares at ₹2,07,480, while B-HNIs can also apply for a bid of 1,768 shares at ₹10,07,760. The book-running lead manager for the IPO is/are SBI Capital Markets Limited , Axis Capital Limited , Bob Capital Markets Limited , ICICI Securities Limited , Iifl Securities Ltd .
an Offer for Sale (OFS) of 7,50,00,000 shares to mop up ₹4275 crore.
The Bharti Hexacom Limited IPO sets its price band at 542-570 for each share. A single application for Bharti Hexacom Limited IPO must contain at least 26 shares. Sentiment investors need to invest a minimum of 26 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,820 In order to participate in the sNII, investors must purchase at least 14 lots of 364 shares for ₹2,07,480, while the bNII requires 68 lots of 1,768 shares for an investment of ₹10,07,760.
Bharti Hexacom Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 22,500,000 | 11,250,000 7,500,000 7,500,000 | 7,500,000 | 41,250,000 |
| Day 1 - 03-04-24 05:00 PM | 0.29 x | 0.36 0.41 x 0.25 x | 0.48 x | 0.34 x |
| Day 2 - 04-04-24 05:00 PM | 0.82 x | 1.71 1.98 x 1.18 x | 1.15 x | 1.12 x |
| Day 3 - 05-04-24 05:00 PM | 48.57 x | 10.51 12.27 x 6.99 x | 2.81 x | 29.87 x |
Bharti Hexacom Limited Valuations
EPS Pre IPO
₹10.98/-EPS Post IPO
₹7.51/-P/E Pre IPO
51.89P/E Post IPO
75.85Debt/Equity
1.41RoNW
7.08%Price to Book Value
6.45Bharti Hexacom Limited Company Financials All values are in ₹ Cr.
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 18,252.90 | 16,674.30 | 15,003.50 |
| Revenue | 6,719.20 | 5,494.00 | 4,704.30 |
| Profit After Tax | 549.20 | 1,674.60 | -1,033.90 |
| Net Worth | 3,978.80 | 3,573.20 | 1,898.70 |
| Reserves & Surplus | 4,166.10 | 3,410.50 | 1,736.00 |
| Total Borrowing | 6,253.00 | 7,198.30 | 5,975.20 |
About The Company
Bharti Hexacom Limited was incorporated on April 20, 1995. The Company is a wholly owned subsidiary of Bharti Airtel Limited, wherein Bharti Airtel Limited holds 70% of the equity share capital of the Company and Government of India through Telecommunication Consultants of India Limited hold 30% of the equity share capital of the Company.
The Company is into telecommunication business in Rajasthan and North East Circle. The Company is the largest mobile telephony services in Rajasthan and North Eastern regions of India. The Company is also the provider of fixed line and broadband services in Rajasthan regions of India. The Company is committed to provide best in class customer experience through brilliant network experience. The Company continues to invest in technology and network to lead the market with highest customer base and revenue.
The company provides services in states such as Rajasthan and Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura.
As of December 31, 2023, the company has 27.1 million customers across 486 census towns.
As of December 31, 2023, there were 616 distributors and 89,454 retail touchpoints in the distribution network.
As of December 31, 2023, the company had 19,144 thousand data customers, out of which 18,839 thousand were 4G and 5G customers.
Bharti Hexacom Limited - Strength and Weakness
They were at the number one position in the North East circle during the 6 months ended September 30, 2023 and Fiscals 2023 and 2022. In Rajasthan, they stood at the close second position during the six months ended September 30, 2023.
Airtel owns 70% of their outstanding equity share capital. Airtel is a global communications solutions provider with over 500 million customers in 17 countries across South Asia and Africa. This helps Bharti Hexacom benefit from the economies of scale and distribution that its partner company can provide.
They derive their revenues from providing mobile telephone services in Rajasthan and the North East circle and any unfavourable developments in such regions could adversely affect their business, results of operations and financial condition.
In the highly regulated telecommunications market, their licenses and spectrum allocations are subject to terms and conditions, ongoing review and varying interpretations, each of which may result in modification, suspension, early termination, expiry on completion of the term or additional payments, etc.
Bharti Hexacom Limited - Promoter(s)
Pre Issue Share Holding: 70%
Post Issue Share Holding: 70%
- Bharti Airtel Limited
Bharti Hexacom Limited IPO - Issue Objectives
- To carry out the Offer for Sale of up to 75,000,000 Equity Shares by the Selling Shareholder
- Achieve the benefits of listing the Equity Shares on the Stock Exchanges.
Bharti Hexacom Limited IPO - Anchor Investors
Other large foreign institutional investors like Wellington Management, Schroder, Aberdeen, and Nomura were also part of the anchor book.
10 mutual fund houses by AUM in the country as well as some of the large domestic insurance companies like SBI Life Insurance, HDFC Life Insurance and ICICI Prudential life Insurance,
Other Details
Bharti Hexacom Limited
Bharti Crescent, 1, Nelson Mandela Road Vasant Kunj, Phase II, New Delhi-110 070Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: bhl.ipo@kfintech.com
Bharti Hexacom Limited IPO - FAQs
Ans. Bharti Hexacom Limited IPO is a Mainboard IPO. The issue is priced at ₹542-570 per equity share. The minimum order quantity is 26 Shares. The IPO opens on Apr 3, 2024, and closes on Apr 5, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Bharti Hexacom Limited IPO opens on Apr 3, 2024 and closes on Apr 5, 2024.
Ans. The size of Bharti Hexacom Limited IPO is OFS : 75,000,000 shares(aggregating up to ₹4275 Cr).
Ans. The IPO price band is set between ₹542-570 per equity share.
Ans. To apply for Bharti Hexacom Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Bharti Hexacom Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Bharti Hexacom Limited IPO is Apr 8, 2024.
Ans. The Bharti Hexacom Limited IPO will be listed on Apr 12, 2024.
Ans. Follow the steps to check the allotment status for Bharti Hexacom Limited IPO here.
