Bharti Hexacom IPO Details: Bharti Hexacom’s IPO is scheduled to debut on April 3rd, with the offering concluding on April 5th. The company aims to raise approximately ₹4,275 crores through the IPO, consisting of a fresh issue of ₹[.] crores and an offer for sale of up to 75,000,000 equity shares, each valued at ₹5.
Bharti Hexacom operates as a leading provider of communication solutions, catering to consumers in the Rajasthan and North East telecom circles of India. Their services, branded under ‘Airtel’, encompass mobile, fixed-line telephone, and broadband offerings. The company adopts a strategic approach centered around enhancing customer experience through a blend of premium services and data-driven insights, thereby bolstering its revenue market share over the past three fiscal years.
With a focus on quality customer acquisition and retention, Bharti Hexacom leverages digital innovations to deliver personalized offerings, notably through its Airtel Black proposition, which includes family and converged plans. This commitment to innovation extends to prudent cost management practices, ensuring sustainable profitability and a robust capital structure. The company remains dedicated to network expansion, technological advancements, and strategic spectrum investments, having invested significantly in future-ready digital infrastructure.
Benefiting from a strong partnership with its Promoter, Airtel, Bharti Hexacom leverages extensive digital infrastructure and services, driving synergies to enhance customer engagement and satisfaction. Moreover, the company boasts an extensive distribution and service network, continually expanding its reach with the establishment of retail outlets and small-format stores across various cities.
As of September 30, 2023, Bharti Hexacom had established 18 retail outlets and 8 small-format stores, reaching 88 cities. Additionally, its distribution network comprised 617 distributors and 88,586 retail touchpoints, reflecting the company’s commitment to delivering seamless connectivity and superior service to its customers.
Bharti Hexacom IPO Objectives:
The objects of the Offer are to
- To carry out the Offer for Sale of up to 75,000,000 Equity Shares by the Selling Shareholder; and
- Achieve the benefits of listing the Equity Shares on the Stock Exchanges.
Bharti Hexacom IPO Review (Apply or Not)
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Bharti Hexacom IPO Date & Price Band Details:
| IPO Open: | 3-April-2024 |
| IPO Close: | 5-April-2024 |
| IPO Size: | Approx ₹4,275 Crores |
| Offer for Sale: | Approx 75,000,000 Equity Shares |
| Face Value: | ₹5 Per Equity Share |
| IPO Price Band: | ₹542 to ₹570 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 10% |
| QIB Quota: | 75% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Bharti Hexacom IPO Lot Size:
In the Bharti Hexacom IPO, the minimum market lot comprises 26 shares, requiring an application amount of ₹14,820. Retail investors have the opportunity to apply for up to 13 lots, totaling 338 shares or an amount of ₹192,660.
This structure ensures accessibility for retail investors, allowing them to participate meaningfully in the offering while maintaining flexibility in their investment decisions. It’s designed to empower individual investors to engage with the IPO according to their financial capacity and investment objectives.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 26 | ₹14,820 |
| Retail Maximum | 13 | 338 | ₹192,660 |
| S-HNI Minimum | 14 | 364 | ₹207,480 |
| S-HNI Maximum | 67 | 1,742 | ₹992,940 |
| B-HNI Minimum | 68 | 1,768 | ₹1,007,760 |
Bharti Hexacom IPO Timeline:
The Bharti Hexacom IPO is scheduled to commence in 2024, with the closing date set for April 2024. Following this, the IPO allotment process will be finalized, leading to the listing of shares in 2024.
This timeline underscores the meticulous planning and execution involved in bringing the IPO to fruition, ensuring transparency and efficiency throughout the process. Investors can anticipate the culmination of the IPO journey with the listing of shares, marking a significant milestone for Bharti Hexacom and its stakeholders.
| Price Band Announcement: | 3-April-2024 |
| IPO Open Date: | 3-April-2024 |
| IPO Close Date: | 5-April-2024 |
| Basis of Allotment: | 8-April-2024 |
| Refunds: | 10-April-2024 |
| Credit to Demat Account: | 10-April-2024 |
| IPO Listing Date: | 12-April-2024 |
Bharti Hexacom IPO GMP Today:
As per assessments from market observers, the unlisted shares of Bharti Hexacom Ltd are currently trading at a premium of Rs 50 compared to its issue price. This Rs 50 grey market premium, or GMP, signifies an anticipated 8.77 percent listing gain from the public issue. It’s important to note that the grey market premium is subject to fluctuations based on market sentiments.
The term ‘grey market premium’ reflects the willingness of investors to pay a higher price than the issue price, indicating the level of demand and confidence in the company’s prospects post-listing.
Bharti Hexacom Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹4704.3 | ₹3549.9 | ₹1033.9 |
| 2022 | ₹5494.0 | ₹3591.2 | ₹1674.6 |
| 2023 | ₹6719.2 | ₹3793.3 | ₹549.2 |
| December 2023 | ₹5420.8 | ₹2737.4 | ₹281.8 |
Bharti Hexacom IPO Valuation – FY2023
Check Bharti Hexacom IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹10.98 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 13.83% |
| Net Asset Value (NAV): | ₹84.19 per Equity Share |
Peer Group
- Bharti Airtel Limited
- Vodafone Idea Limited
- Reliance Jio Infocomm Limited
Company Promoters
- Bharti Airtel Limited
Bharti Hexacom IPO Registrar
KFin Technologies Limited
Tel: +91 40 6716 2222/ 18003094001
E-mail: bhl.ipo@kfintech.com
Website: www.kfintech.com
Bharti Hexacom IPO Allotment Status Check
Check Bharti Hexacom IPO allotment status on KFin Technologies website allotment URL. Click Here
Bharti Hexacom IPO Lead Managers aka Merchant Bankers
- SBI Capital Markets Limited
- Axis Capital Limited
- Bob Capital Markets Limited
- ICICI Securities Limited
- Iifl Securities Ltd
Company Address
Bharti Hexacom Limited
Bharti Crescent, 1, Nelson Mandela Road,
Vasant Kunj, Phase II, New Delhi 110 070
Phone: 011-46666100
Email: bhartihexacom@bharti.in
Website: www.bhartihexacom.in
