Bharti Hexacom Limited is a communications solutions provider offering consumer mobile services, fixed-line telephone and broadband services to customers in the Rajasthan and the North East telecommunication circles in India, which comprises the states of Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura. The company offer its services under the brand ‘Airtel’.
The company continuously invest in network expansion, technology advancement and judicious spectrum investments. As of December 31, 2023, Bharti Hexacom has invested ₹ 206 billion in capital expenditure in its future ready digital infrastructure.
As of December 31, 2023, the company has present in 486 census towns and had an aggregate of 27.1 million customers across both the circles.
As of December 31, 2023, the company utilized 24,874 network towers, of which company owned 5,092 towers, and the remaining 19,782 towers were leased from tower companies.
The company set up 51 retail outlets and 24 small format stores to reach 90 cities, as of December 31, 2023. As of December 31, 2023, Bharti Hexacom distribution network comprised 616 distributors and 89,454 retail touchpoints.
Bharti Hexacom IPO – Details
| IPO Opening Date | 03 April 2024 |
| IPO Closing Date | 05 April 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 7,50,00,000 Shares Worth ₹4,275 Crore Offer For Sale: 7,50,00,000 Shares Worth ₹4,275 Crore |
| Face Value | ₹5 per equity share |
| IPO Price | ₹542 – ₹570 |
| Market Lot | 26 Shares |
| Min Order | 26 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 10% |
Bharti Hexacom IPO – Date Schedule
| IPO Open Date | 03 April 2024 |
| IPO Close Date | 05 April 2024 |
| Basis of Allotment Date | 08 April 2024 |
| Initiation of Refund | 09 April 2024 |
| Credit of Shares to Demat Account | 09 April 2024 |
| IPO Listing Date | 10 April 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 05, 2024 |
Bharti Hexacom IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 26 | ₹14,820 |
| Retail (Max) | 13 | 338 | ₹1,92,660 |
| S-HNI (Min) | 14 | 364 | ₹2,07,480 |
| S-HNI (Max) | 67 | 1,742 | ₹9,92,940 |
| B-HNI (Min) | 68 | 1,768 | ₹10,07,760 |
Competitive Strengths
- Established Leadership and Large Customer Base in its area of operations.
- Presence in Markets with High Growth Potential.
- Strong Parentage and Established Brand.
- Extensive Distribution and Service Network.
- Experienced Management Team.
Company Promoters
- Bharti Airtel Limited
Company Financials (Restated Consolidated)
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 4704.30 | 3549.90 | -1033.90 | 5975.20 |
| 31 March 2022 | 5494.00 | 3591.20 | 1674.60 | 7198.30 |
| 31 March 2023 | 6719.20 | 3793.30 | 549.20 | 6269.30 |
| 31 December 2023 | 5420.80 | 2737.40 | 281.80 | 6253.00 |
Key Performance Indicator
| KPI | Values |
|---|---|
| Debt/Equity | 1.41 |
| RoNW | 7.08% |
| P/BV | 6.45 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 10.98 | 7.51 |
| P/E (x) | 51.89 | 75.85 |
Object Of The Issue
- Carry out the Offer for Sale of up to 75,000,000 Equity Shares by the Selling Shareholder, constituting 15% of the pre-Offer paid up share capital of its Company; and
- Achieve the benefits of listing the Equity Shares on the Stock Exchanges. The Company will not receive any proceeds from the Offer, and all such proceeds will go to the Selling Shareholder.
Bharti Hexacom IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 5 | Bharti Airtel Limited | 82.16 |
| 2 | 10 | Vodafone Idea Limited | (1.63) |
| 3 | 10 | Reliance Jio Infocomm Limited | NA |
Bharti Hexacom IPO Promoter Holding
| Pre Issue Share Holding | 70.00% |
| Post Issue Share Holding | – |
Bharti Hexacom IPO Prospectus
Company Contact Information
| Bharti Hexacom Limited Near BJP Head Office, Trikuta Nagar, Jammu -180012 Phone: 011-46666100 Email: bhartihexacom@bharti.in Website: www.bhartihexacom.in |
Bharti Hexacom IPO Registrar
| Kfin Technologies Limited Phone: +91 40 6716 2222/ 18003094001 Email: bhl.ipo@kfintech.com Website: https://evault.kfintech.com/ipostatus/ |
Bharti Hexacom IPO Lead Manager(s)
| 1. SBI Capital Markets Limited 2. Axis Capital Limited 3. BOB Capital Markets Limited 4. ICICI Securities Limited 5. IIFL Securities Limited |
Bharti Hexacom IPO FAQs
| What is Bharti Hexacom IPO? Bharti Hexacom IPO is a main-board IPO. The issue is priced at ₹542 to ₹570 per equity share. The IPO is to be listed on BSE & NSE. |
| When Bharti Hexacom IPO will open? The IPO is to open on 03 April 2024 for QIB, NII, and Retail Investors. |
| What is Bharti Hexacom IPO Investors Portion? The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%. |
| How to Apply the Bharti Hexacom IPO? You can apply Bharti Hexacom IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Bharti Hexacom IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Bharti Hexacom”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Bharti Hexacom IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Bharti Hexacom“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Bharti Hexacom IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Bharti Hexacom”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Bharti Hexacom IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Bharti Hexacom”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Bharti Hexacom IPO Size? Bharti Hexacom IPO size is ₹4,275 Crore. |
| What is Bharti Hexacom IPO Price Band? Bharti Hexacom IPO Price Band is ₹542 to ₹570. |
| What is Bharti Hexacom IPO Minimum and Maximum Lot Size? The minimum bid is 26 Shares with ₹14,820 amount while the maximum bid is 338 Shares with ₹1,92,660. |
| What is the Bharti Hexacom IPO Allotment Date? Bharti Hexacom IPO allotment date is 08 April 2024. |
| What is the Bharti Hexacom IPO Listing Date? Bharti Hexacom IPO listing date is 10 April 2024. The IPO is to list on BSE and NSE. |
