What you Must know about Bharti Hexacom IPO?

Tanushree Jaiswal Tanushree Jaiswal

Last Updated: 16th April 2024 - 10:08 am

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About Bharti Hexacom IPO

Established in 1995, Bharti Hexacom is a telecommunications provider operating in Rajasthan and the North Eastern circles of India. Under the brand Airtel, it offers mobile, fixed, and broadband services. The company focuses on expanding its portfolio, enhancing customer engagement through digital offerings, and delivering exceptional experiences. It has seen consistent market share growth over the past three fiscal years. With 18 retail stores, 8 small format stores and a distribution network covering 617 dealers and 88,586 retail locations by September 30, 2023, the company invested ₹206 billion in digital infrastructure by December 31, 2023. It serves 27.1 million customers across 486 census towns, including 19,144 thousand data customers, with 18,839 thousand being 4G and 5G subscribers as of December 31, 2023.

Highlights of the Bharti Hexacom IPO:

Here are some of the highlights of the Bharti Hexacom IPO:

  • Bharti Hexacom IPO will be open from 3 April 2024 to 5 Apr 2024. Bharti Hexacom IPO has a face value of ₹5 per equity share and the price band for the Bharti Hexacom IPO has been fixed between ₹542- ₹570 per share.
  • Bharti Hexacom IPO has only an OFS component and does not include any fresh issue portion.
  • As part of the OFS portion of the IPO, Bharti Hexacom IPO will issue a total of 7.5 cr shares, at the upper price band of the IPO at ₹570 per share to raise funds of ₹4,275.00 cr.
  • Bharti Hexacom IPO comprises only OFS portion, therefore the total IPO size is ₹4,275.00 cr equivalent to the size of OFS.
  • The company has been promoted by Bharti Airtel Limited. Before the listing, the promoter's holding in the company stands at 70%. After the IPO listing promoter's holding will be diluted.
  • Axis Capital Limited, SBI Capital Markets Limited, ICICI Securities Limited, Bob Capital Markets Limited and Iifl Securities Ltd serves as the book running lead manager for the Bharti Hexacom IPO, Kfin Technologies will act as the registrar for the IPO.

Bharti Hexacom IPO Allocation

In the Bharti Hexacom IPO, the net offer will be distributed among different categories of investors, including QIB, retail investors and Non Institutional Investors or HNIs. The allocation breakdown for the IPO of Bharti Hexacom is as follows

Investor Category

Shares Allocation

Retail

10%

NII ( HNI )

15%

QIB

75%

Total

100.00%

Lot sizes for investing in the Bharti Hexacom IPO

A retail investor can purchase a minimum of 1 lot, which contains 26 shares, for a total value of ₹14,820. The maximum purchase for a retail investor is 13 lots, containing 338 shares, requiring ₹192,660.

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

Key Dates for Bharti Hexacom IPO?

Bharti Hexacom IPO will open for subscription on Wednesday, 3 April 2024 and close on Friday, 5 April 2024. The bidding window for the Bharti Hexacom IPO will commence on April 3, 2024, beginning at 10:00 AM, and conclude on April 5, 2024, ending at 5:00 PM. Cutoff time for UPI Mandate confirmation during the IPO period is set at 5:00 PM on the final day, April 5, 2024.

Event

Tentative Date

IPO Opening Date

3-Apr-24

IPO Closing Date

5-Apr-24

Allotment Date

8-Apr-24

Refunds to non-allottees

10-Apr-24

Credit of Shares to Demat Account

10-Apr-24

Listing Date

12- Apr-24

Listing At

BSE, NSE

Financial Highlights of Bharti Hexacom IPO

Here's a summary of the key financials of Bharti Hexacom IPO for the last three completed financial years

Particulars

FY23

FY22

FY21

Assets (₹ in cr)

18,252.90

16,674.30

15,003.50

Revenues (₹ in cr)

6,719.20

5,494.00

4,704.30

PAT (₹ in cr)

549.20

1,674.60

-1,033.90

Net Worth (₹ in cr)

3,972.20

3,573.20

1,898.70

Total Borrowing (₹ in cr)

6,269.30

7,198.30

5,975.20

Reserves and Surplus (₹ in cr)

3,959.50

3,410.50

1,736.00

Profit After Tax for Bharti Hexacom IPO has shown growth over the past three fiscal years. In FY21, PAT stood at -₹1,033.90 cr. However, in FY22, PAT recovered to ₹1,674.60 cr. In the most recent financial year, FY23, there was a decrease in PAT to ₹549.20 cr, representing an increase from FY21 but a decrease from FY22.

Bharti Hexacom SME IPO Peer Comparison

Among its peers, Bharti Airtel has the highest EPS of 14.8, surpassing Bharti Hexacom with 10.98. Meanwhile, Vodafone Idea lags behind with the lowest EPS of -8.43. This comparison clearly shows how earnings per share vary among these companies, highlighting their differences.

Company

EPS Basic

Bharti Hexacom Limited

10.98

Bharti Airtel Limited

14.8

Vodafone Idea Limited

-8.43

Reliance Jio Infocomm Limited

4.05


 

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