Bharti Hexacom Limited IPO

Mainboard

Telecom - Cellular & Fixed line services

Listed On: Apr 12, 2024 at ₹ 755.0(NSE)

₹ 14820 /26 Shares

Check Allotment

03 Apr, 2024

Open Date

05 Apr, 2024

Close Date

08 Apr, 2024

Allotment Date

12 Apr, 2024

Listing Date

Price Summary

Last Closing

1,766.10 (209.84%)

52 Week High

2,052.90

52 Week Low

1,234.00

Last Update

18-Dec-2025 3:30 PM

Bharti Hexacom Limited IPO Issue Details

Issue Price ₹542-570 per equity share
Face Value ₹5 Per Equity Share
Total Issue Size 7,50,00,000 shares(aggregating up to ₹4275 crore)
Offer For Sale 7,50,00,000 shares(aggregating up to ₹4275 crore)
Listing at BSE, NSE
List Price 755.0(NSE)
Listing Date 2024-04-12
Lead Manager SBI Capital Markets Limited
Axis Capital Limited
Bob Capital Markets Limited
ICICI Securities Limited
Iifl Securities Ltd
Registrar Kfin Technologies Limited

Market Lot Size

Investors can bid for a minimum of 26 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (min)	1	26	₹14,820
Retail(max)	13	338	₹1,92,660
SHNI(min)	14	364	₹2,07,480
SHNI(max)	67	1,742	₹9,92,940
BHNI(min)	68	1,768	₹10,07,760

Bharti Hexacom Limited IPO Reservation

Bharti Hexacom Limited IPO offers total 75,000,000 shares. Out of which 22,500,000 (30%) allocated to QIB, 11,250,000 (15%) allocated to NII,7,500,000 (10%) allocated to RII, NA (NA%) allocated to employees and 33,750,000 (45%) allocated to Anchor investors.

Investor Category	Shares Offered	Maximum Allottees
Anchor Investor Shares Offered	33,750,000 (45%)
QIB Shares Offered	22,500,000 (30%)
NII (HNI) Shares Offered	11,250,000 (15%)
bNII > ₹10L	7,500,000 (10%)
sNII < ₹10L	3,750,000 (5%)
Retail Shares Offered	7,500,000 (10%)
Total Shares Offered	75,000,000 (100%)

Bharti Hexacom Limited IPO Documents

DRHP

RHP

ANCHOR

Bharti 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.

The total issue ₹4275 crore and having 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.

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

Total No of Applications

6,16,057

Bharti Hexacom Limited Valuations

EPS Pre IPO ₹10.98/-

EPS Post IPO ₹7.51/-

P/E Pre IPO 51.89

P/E Post IPO 75.85

Debt/Equity 1.41

RoNW 7.08%

Price to Book Value 6.45

Bharti Hexacom Limited Company Financials

In Crs.

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 Bharti Hexacom Limited 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 - Promoter(s)

Bharti Airtel Limited

Pre Issue Share Holding : 70%

Post Issue Share Holding : 70%

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

Bharti Hexacom, the subsidiary of the country's second-largest telecom operator Bharti Airtel, has raised around Rs 1,924 crore through its anchor book, ahead of the opening of the IPO, which includes top global investors like Capital Group, Fidelity, Blackrock and ADIA.

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,

Bharti Hexacom Limited IPO - Peers Comparison

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio	Financial statements
Bharti Hexacom Limited	10.98	10.98	84.19	N/A	13.83	N/A	Standalone
Bharti Airtel Limited	14.8	14.57	136.72	82.16	15.84	8.76	Consolidated
Vodafone Idea Limited	-8.43	-8.43	-15.28	-1.63	N/A	-0.9	Consolidated
Reliance Jio Infocomm Limited	4.05	1.07	48	N/A	8.43	N/A	Consolidated

Notes:

Basic and Diluted EPS refers to the Basic and Diluted EPS sourced from the publicly available financial results of the respective peer companies for the year ended March 31, 2023.
P/E Ratio of peers has been computed based on the closing market price (i.e., March 11, 2024) of equity shares on BSE, divided by the Diluted EPS provided under Note 1 above.
Return on Net Worth (%) = Net profit/(loss) after tax / Net worth at the end of the financial year ended 2023.
Net worth of peer companies is the total of equity share capital and other equity. Further, net worth of the Company means the aggregate of equity share capital and other equity excluding debenture redemption reserve, capital redemption reserve, and capital reserve (which is in line with disclosure made under Regulation 52 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 to stock exchange by the Company).
NAV of the peer is computed as the total of equity share capital and other equity (excluding non-controlling interest) at the end of the year / total number of equity shares outstanding at the end of the year. Further, NAV of the Company is computed as total assets less total liabilities at the end of the year / total number of equity shares outstanding at the end of the year.

Strength

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.

Weakness

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.

Contact Details

Bharti Hexacom Limited

Bharti Crescent, 1, Nelson Mandela Road Vasant Kunj, Phase II, New Delhi-110 070

+011-46666100

bhartihexacom@bharti.in

https://www.bhartihexacom.in/

Registrar Contact Details

Kfin Technologies Limited

04067162222, 04079611000

bhl.ipo@kfintech.com

https://kosmic.kfintech.com/ipostatus/

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. You can track the real-time subscription numbers using the links below:

Ans. The size of Bharti Hexacom Limited IPO is OFS : 75,000,000 shares(aggregating up to ₹4275 Cr).

Ans. The Bharti Hexacom Limited IPO price band is set between ₹542-570 per equity share.

Ans. To apply for Bharti Hexacom Limited 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 Bharti Hexacom Limited IPO allotment status online.