Bharti Hexacom Ltd

Bharti Hexacom Ltd IPO

IPO Price Range: ₹542 - 570

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 offers its services under the brand `Airtel. Its revenue market share for the Rajasthan circle was 40.4%, 39.2%, 39.5%, 36.7% and 32.7%, while for the North East circle was 52.7%, 52.4%, 52.5%, 48.5% and 42.0% during the nine months ended December 31, 2023 and 2022 and Fiscals 2023, 2022 and 2021, respectively.

Min Investment

₹14,820

IPO Size

₹4,275 Cr

IPO Status

Closed

Quantity in 1 Lot

26

Max Bid allowed

13

Listing Exchange

NSE

IPO Application Timeline of Bharti Hexacom Ltd

Open Date3 Apr 2024
Close Date5 Apr 2024
Allotment Date8 Apr 2024
Listing Date12 Apr 2024

IPO subscribed over

🚀 29.88x

This IPO has been subscribed by 2.83x in retail and 48.57x in QIB.

Subscription Rate

Total Subscription29.88x
Retail Individual Investors2.83x
Qualified Institutional Buyers48.57x
Non Institutional Investors10.52x

Key Statistics

Bid Opening DateBid Opening Date3 Apr 2024
Bid Closing DateBid Closing Date5 Apr 2024
Allotment DateAllotment Date8 Apr 2024
Issue SizeIssue Size₹4,275Cr
Quantity in 1 lotQuantity in 1 lot26

Strength and risks

Strength

Strength

  • Established Leadership and Large Customer Base in its area of operations.

  • Presence in Markets with High Growth Potential.

  • Strong Parentage and Established Brand.

  • Building a Future Ready Network .

  • Extensive Distribution and Service Network .

  • Experienced Management Team.


Risk

Risk

  • We derive our revenues from providing mobile telephone services in Rajasthan and the North East circleand any unfavourable developments in such regions could adversely affect our business, results of operations and financial condition.

  • There are outstanding legal proceedings involving our Promoter, in addition to our Company. Any adverse outcome in any of these proceedings may adversely affect our reputation, business, financial condition and results of operations.

  • The Offer shall be undertaken under Regulation 6(2) of the SEBI ICDR Regulations.

  • As of December 31, 2023, we had contingent liabilities which have not been provided for in our Restated Financial Information and could adversely affect our business, financial condition and results of operations.

  • Reduction in revenue we earn for our telecom services, due to regulatory ceilings on pricing, or owing to pricing pressure, reduction in average revenue per user (ARPU), may have an adverse effect on our business, financial condition, results of operations and prospects.

  • We have incurred significant indebtedness, and we must service this debt and comply with any lenders` covenants to avoid defaulting on our borrowings and refinancing risk. Any default may adversely affect our business and profitability.

  • We require significant capital to fund our capital expenditure and if we are unable to raise additional capital, our business, financial condition and results of operations could be adversely affected.

  • The average cost of acquisition of Equity Shares by the Selling Shareholder may be less than the Offer Price.

  • Any change in our relationship with our Promoter, Airtel and its affiliates, may adversely affect our reputation, business, operations, financial condition and results of operations.

  • We have been, and continue to be, involved in material legal proceedings.

About Bharti Hexacom Ltd

OrganisationBharti Hexacom Ltd
HeadquartersNew Delhi
IndustryTelecomm-Service

Frequently Asked Questions

  • What is the size of the Bharti Hexacom Ltd IPO?

    The size of the Bharti Hexacom Ltd IPO is ₹4,275Cr .

  • What is 'pre-apply' for Bharti Hexacom Ltd IPO?

    'Pre-apply' for Bharti Hexacom Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my Bharti Hexacom Ltd IPO order be placed?

    Your Bharti Hexacom Ltd IPO order will be placed on 3 Apr 2024.

  • What are the open and close dates of the Bharti Hexacom Ltd IPO?

    The open and close dates of the Bharti Hexacom Ltd IPO are 3 Apr 2024 to 5 Apr 2024.

  • What is the lot size and minimum order quantity of the Bharti Hexacom Ltd IPO?

    The lot size and minimum order quantity of the Bharti Hexacom Ltd IPO are 26 and 26 respectively.

  • What would be the listing gains on the Bharti Hexacom Ltd IPO?

    The potential listing gains on the Bharti Hexacom Ltd IPO will depend on various market factors and cannot be predicted with certainty.