IPO Details
| ipo Date | 3 April – 5 April 2024 |
| Min. Investment | 14,092 |
| Lot Size | 26 |
| Price Range | ₹542 – ₹570 |
| Issue Size | 4275.00Cr |
| IPO Doc | View |
About Bharti Hexacom
Bharti Hexacom Limited is a telecommunications solutions provider that offers mobile, fixed-line telephone, and broadband services to customers in the Rajasthan and North East telecommunication circles in India.
These circles include the states of Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura. The company operates under the brand name ‘Airtel’. In terms of revenue market share, it held 40.4%, 39.2%, 39.5%, 36.7%, and 32.7% in the Rajasthan circle, and 52.7%, 52.4%, 52.5%, 48.5%, and 42.0% in the North East circle during the nine months ending on December 31, 2023, and 2022, as well as the fiscal years 2023, 2022, and 2021, respectively.
Bharti Hexacom IPO timeline:
| Bharti Hexacom IPO | Date |
|---|---|
| IPO Offer Start | 3 April 2024 |
| IPO Offer Ends | 5 April 2024 |
| Allotment Finalisation | 8 April 2024 |
| Refund Initialisation | 10 April 2024 |
| Share Transfer to Demat | 10 April 2024 |
| Date of Listing | 12 April 2024 |
Financial Performance Overview
| Year | Revenue | Total Assets | Profit (PAT) |
|---|---|---|---|
| 2021 | 4,602 | 15,004 | -1,034 |
| 2022 | 5,405 | 16,674 | 1,675 |
| 2023 | 6,579 | 18,254 | 549 |
Strengths and Risks of Bharti Hexacom IPO
Strengths:
- Established Leadership and Large Customer Base in its operational areas.
- Presence in Markets with High Growth Potential.
- Strong Parentage and Established Brand.
- Building a Future Ready Network.
Risks:
- Dependency on revenue from providing mobile telephone services in Rajasthan and the North East circle; adverse developments in these regions could negatively impact business, operations, and financial condition.
- Legal proceedings involving our Promoter, which could adversely affect reputation, business, financial condition, and results of operations if outcomes are unfavorable.
- The Offer is undertaken under Regulation 6(2) of the SEBI ICDR Regulations.
- As of December 31, 2023, contingent liabilities exist which have not been provided for in the Restated Financial Information, posing potential adverse effects on business, financial condition, and results of operations.
What is the minimum investment required for participation in the IPO?
The minimum investment required for participation in the IPO is ₹14,092.
How many shares are included in one lot size for the IPO?
One lot size for the IPO consists of 70 shares.
What is the price range for the shares being offered in the IPO?
The price range for the shares being offered in the IPO is ₹200 to ₹210 per share.
What is the total issue size of the IPO?
The total issue size of the IPO is ₹130.20 Crores.
