What is the size of Bharti Hexacom Limited IPO?
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The total aggregate size of Bharti Hexacom Limited IPO is Rs. 4,275 crore.
Incorporated in 1995, Bharti Hexacom Limited is the largest mobile telephony service provider in Rajasthan and North East regions of India. It is a wholly-owned subsidiary company of Bharti Airtel Limited, offering broadband and fixed-line services.
A major communications solutions provider, this company is launching its IPO with subscriptions starting on April 3rd, 2024. The last date of application is April 5th, 2024. The tentative listing date on BSE and NSE is April 12th, 2024. The price range of this IPO will be between Rs. 542 and Rs. 570 per share. Before making an investment decision, read this blog carefully to learn the associated details concerning Bharti Hexacom Limited IPO.
Here is a brief overview of Bharti Hexacom Limited IPO:
IPO Open Date | 3rd April 2024, Wednesday |
IPO Close Date | 5th April 2024, Friday |
Issue Type | Book Built Issue IPO |
Face Value | Rs. 5 per share |
Price Band | Rs. 542 to Rs. 570 per share |
Minimum Lot Size | 26 equity shares |
Total Issue Size | Amount aggregating up to Rs. 4,275 crore |
Offer for Sale | Amount aggregating up to Rs. 4,275 crore |
The market share of Bharti Hexacom Limited has been steadily increasing. With this growth, it may reach the number one position in the North East circle of India. The company is also recording consistent growth in its ARPU (Average Revenue Per User) and customer base.
Bharti Hexacom relies on a mix of owned and leased towers and a strategic spectrum portfolio to provide cost-effective 5G services. It also has an extensive distribution network with retail outlets, small format stores, distributors and retail touchpoints.
Bharti Airtel Limited and Telecommunications Consultants are the shareholders in this company where the former has 70%, whereas the latter holds a 30% share in this company.
Bharti Hexacom Limited IPO is a 100% OFS (offer for sale). Therefore, the company will not receive any proceeds after the listing. Only the selling shareholders will get the funds received from the IPO. The company will get the benefit of listing in the stock market. The total offer size ofBharti Hexacom Limited IPO is worth Rs. 4,275 crore (at the upper price band) and the shareholders will sell up to 75,000,000 shares in this public issue.
Here are the important timelines of Bharti Hexacom Limited IPO that you should know before applying:
IPO Open Date | 3rd April 2024, Wednesday |
IPO Close Date | 5th April 2024, Friday |
Cut-off Time for UPI Mandate Confirmation | 5th April 2024 at 5 PM |
Basis of Allotment | 8th April 2024, Monday |
Initiation of Refunds | 10th April 2024, Wednesday |
Credit of Shares to Accounts | 10th April 2024, Wednesday |
Listing Date | 12th April 2024, Friday |
Follow this table to know the lot size of the issue:
Application | Lots | Shares | Amount |
---|---|---|---|
Retail Investor Minimum | 1 | 26 | Rs. 14,820 |
Retail Investor Maximum | 13 | 338 | Rs. 1,92,660 |
Small HNI (Minimum) | 14 | 364 | Rs. 2,07,480 |
Small HNI (Maximum) | 67 | 1,742 | Rs. 9,92,940 |
Big HNI (Minimum) | 68 | 1,768 | Rs. 10,07,760 |
These are the statements of Bharti Hexacom Limited for the previous 3 financial years:
Particulars for Financial Year Ending (Rs. In Millions) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
---|---|---|---|
Total Assets | 1,82,529 | 1,66,743 | 1,50,035 |
Total Liabilities | 1,40,434 | 1,30,138 | 1,30,175 |
Total Expenses | 37,933 | 35,912 | 35,499 |
Total Revenue | 67,192 | 54,940 | 47,043 |
Profit/Loss After Tax | 5,492 | 16,746 | (10,339) |
EBITDA | 28,884 | 18,985 | 11,373 |
These are the strengths of Bharti Hexacom Limited:
These are some of the risks involved with the business of Bharti Hexacom Limited:
Bharti Hexacom Limited IPO is going to be a Rs. 4,275 crore worth IPO at the upper price band. The offer for sale will remain open between 3rd April 2024 and 5th April 2024. If you are going to apply for this IPO, it is in your best interest to read the RHP document from SEBI’s website.
You must also note that IPO applications can be done only if you have a Demat account. Therefore, open your free demat and trading account with us and start your IPO journey.
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The total aggregate size of Bharti Hexacom Limited IPO is Rs. 4,275 crore.
SBI Capital Markets Limited, ICICI Securities Limited, BOB Capital Markets Limited, IIFL Securities Limited and Axis Capital Limited are the book-running lead managers of this IPO.
Bharti Airtel Limited is the main shareholder in Bharti Hexacom Limited with a 70% stake.
Telecommunications Consultants India Limited is the main selling shareholder of Bharti Hexacom Limited IPO.
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