Bookbuilding IPO | ₹4,275 Cr | Listed at BSE, NSE | Wed, Apr 3, 2024 - Fri, Apr 5, 2024
Bharti Hexacom IPO is a book build issue of ₹4,275.00 crores. The issue is entirely an offer for sale of 7.50 crore shares of ₹4,275.00 crore.
Bharti Hexacom IPO bidding started from Apr 3, 2024 and ended on Apr 5, 2024. The allotment for Bharti Hexacom IPO was finalized on Apr 8, 2024. The shares got listed on BSE, NSE on Apr 12, 2024.
Bharti Hexacom IPO price band is set at ₹570 per share. The lot size for an application is 26. The minimum amount of investment required by an retail is ₹14,820 (26 shares) (based on upper price). The lot size investment for sNII is 14 lots (364 shares), amounting to ₹2,07,480, and for bNII, it is 68 lots (1,768 shares), amounting to ₹10,07,760.
SBI Capital Markets Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Bharti Hexacom IPO RHP for detailed Information.
IPO Open
Wed, Apr 3, 2024
IPO Close
Fri, Apr 5, 2024
Issue Price
₹570 per share
Market Cap (Pre-IPO)
₹28,500.00 Cr
| IPO Date | 3 to 5 Apr, 2024 |
| Listed on | Fri, Apr 12, 2024 |
| Face Value | ₹5 per share |
| Price Band | ₹542 to ₹570 |
| Issue Price | ₹570 per share |
| Lot Size | 26 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 7,50,00,000 shares (agg. up to ₹4,275 Cr) |
| Offer for Sale | 7,50,00,000 shares of ₹5 (agg. up to ₹4,275 Cr) |
| Share Holding Pre Issue | 50,00,00,000 shares |
| Share Holding Post Issue | 50,00,00,000 shares |
| BSE Script Code / NSE Symbol | 544162 / BHARTIHEXA |
| ISIN | INE343G01021 |
Bharti Hexacom IPO offers total 7,50,00,000 shares. Out of which 5,62,50,000 (75.00%) allocated to QIB, 2,25,00,000 (30.00%) allocated to QIB (Ex- Anchor), 1,12,50,000 (15.00%) allocated to NII 75,00,000 (10.00%) allocated to RII and 3,37,50,000 (45.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 5,62,50,000 (75.00%) | NA |
| − Anchor Investor Shares Offered | 3,37,50,000 (45.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 2,25,00,000 (30.00%) | NA |
| NII (HNI) Shares Offered | 1,12,50,000 (15.00%) | NA |
| − bNII > ₹10L | 75,00,000 (10.00%) | 20,604 |
| − sNII < ₹10L | 37,50,000 (5.00%) | 10,302 |
| Retail Shares Offered | 75,00,000 (10.00%) | 2,88,461 |
| Total Shares Offered | 7,50,00,000 (100.00%) |
Investors can bid for a minimum of 26 shares and in multiples thereof.
| 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 |
Bharti Hexacom IPO raises ₹1,923.75 crore from anchor investors. Bharti Hexacom IPO Anchor bid date is April 2, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Apr 2, 2024 |
| Shares Offered | 3,37,50,000 |
| Anchor Portion (₹ Cr.) | 1,923.75 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, May 8, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Jul 7, 2024 |
Incorporated in 1995, Bharti Hexacom Limited provides fixed-line telephone and broadband services to customers in Rajasthan and North East telecom circles in India.
The company provides services in states such as Rajasthan and Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura. ;
By December 31, 2023, the company has invested ₹206 billion in digital infrastructure capital expenditures to be future-ready.
As of December 31, 2023, the company has 27.1 million customers across 486 census towns.
As of December 31, 2023, there were 616 distributors and 89,454 retail touchpoints in the distribution network.
As of December 31, 2023, the company had 19,144 thousand data customers, out of which 18,839 thousand were 4G and 5G customers.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 19,603.00 | 18,252.90 | 16,674.30 | 15,003.50 |
| Total Income | 5,420.80 | 6,719.20 | 5,494.00 | 4,704.30 |
| Profit After Tax | 281.80 | 549.20 | 1,674.60 | 1,033.90 |
| NET Worth | 3,978.80 | 3,972.20 | 3,573.20 | 1,898.70 |
| Reserves and Surplus | 4,166.10 | 3,959.50 | 3,410.50 | 1,736.00 |
| Total Borrowing | 6,253.00 | 6,269.30 | 7,198.30 | 5,975.20 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Achieve the benefits of listing the Equity Shares on the Stock Exchanges |
| KPI | Dec 31, 2023 |
|---|---|
| Debt/Equity | 1.41 |
| RoNW | 7.08% |
| Price to Book Value | 6.45 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 10.98 | 7.51 |
| P/E (x) | 51.89 | 75.85 |
| Promoter Holding | 70.00% | 70.00% |
| Market Cap | ₹28,500.00 Cr. |
The Bharti Hexacom IPO is subscribed 29.88 times on April 5, 2024 6:19:08 PM (Day 3). The public issue subscribed 2.83 times in the retail category, 48.57 times in the QIB category, and 10.52 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 48.57 | 2,25,00,000 | 1,09,29,25,340 |
| NII | 10.52 | 1,12,50,000 | 11,83,11,882 |
| bNII (bids above ₹10L) | 12.27 | 75,00,000 | 9,20,48,970 |
| sNII (bids below ₹10L) | 7 | 37,50,000 | 2,62,62,912 |
| Retail | 2.83 | 75,00,000 | 2,12,46,186 |
| Total | 29.88 | 4,12,50,000 | 1,23,24,83,408 |
Total Application : 6,19,251
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees and commissions payable to the BRLMs (including any underwriting commission, brokerage and selling commission) | 31.85 |
| 2 | Advertising and marketing expenses | 10.53 |
| 3 | Fees payable to the Registrar to the Offer | |
| 4 | Commission/processing fee for SCSBs, Sponsor Bank(s) and Bankers to the Offer. Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 1.83 |
| 5 | Printing and distribution of issue stationery | 1.84 |
| 6 | Regulatory filing fees, book building software fees, listing fees etc | 11.64 |
| 7 | Fee payable to Statutory Auditor, namely Deloitte Haskins & Sells LLP | 1.90 |
| 8 | Fees payable to other intermediaries | 0.49 |
| 9 | Fee payable to legal counsels | 2.16 |
| 10 | Miscellaneous | 2.41 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹570.00 | ₹570.00 |
| Open | ₹755.20 | ₹755.00 |
| Low | ₹755.20 | ₹755.00 |
| High | ₹879.90 | ₹880.00 |
| Last Trade | ₹813.75 | ₹813.30 |
Lead Manager Reports
Bharti Hexacom IPO is a main-board IPO of 7,50,00,000 equity shares of the face value of ₹5 aggregating up to ₹4,275 Crores. The issue is priced at ₹570 per share. The minimum order quantity is 26.
The IPO opens on Wed, Apr 3, 2024, and closes on Fri, Apr 5, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Bharti Hexacom IPO using UPI as a payment gateway. Zerodha customers can apply in Bharti Hexacom IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bharti Hexacom IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Bharti Hexacom IPO opens on Wed, Apr 3, 2024 and closes on Fri, Apr 5, 2024.
Bharti Hexacom IPO lot size is 26, and the minimum amount required for application is ₹14,820.
You can apply in Bharti Hexacom IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Bharti Hexacom IPO will be done on Monday, April 8, 2024, and the allotted shares will be credited to your demat account by Wed, Apr 10, 2024. Check the Bharti Hexacom IPO allotment status.
The Bharti Hexacom IPO listing date is on Fri, Apr 12, 2024.
