Bookbuilding IPO | ₹4,173 Cr | Listed at BSE, NSE | Tue, Dec 11, 2012 - Fri, Dec 14, 2012
Bharti Infratel IPO is a book build issue of ₹4,172.76 crores. The issue is a combination of fresh issue of 14.62 crore shares aggregating to ₹3,230.28 crores and offer for sale of 4.27 crore shares aggregating to ₹942.48 crores.
Bharti Infratel IPO bidding started from Dec 11, 2012 and ended on Dec 14, 2012. The shares got listed on BSE, NSE on Dec 28, 2012.
Bharti Infratel IPO price band is set at ₹220 per share. The lot size for an application is 50. The minimum amount of investment required by an retail is ₹12,000 (50 shares) (based on upper price). The lot size investment for sNII is 19 lots (950 shares), amounting to ₹2,09,000, and for bNII, it is 91 lots (4,550 shares), amounting to ₹10,01,000.
Barclays Securities (India) Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Bharti Infratel IPO RHP for detailed Information.
IPO Open
Tue, Dec 11, 2012
IPO Close
Fri, Dec 14, 2012
Issue Price
₹220 per share
Market Cap (Pre-IPO)
₹41,550.14 Cr
| IPO Date | 11 to 14 Dec, 2012 |
| Listed on | Fri, Dec 28, 2012 |
| Face Value | ₹10 per share |
| Price Band | ₹210 to ₹240 |
| Issue Price | ₹220 per share |
| Lot Size | 50 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Retail Discount | Rs 10.00 per share |
| Total Issue Size | 18,89,00,000 shares (agg. up to ₹4,173 Cr) |
| Fresh Issue | 14,62,34,112 shares (agg. up to ₹3,230 Cr) |
| Offer for Sale | 4,26,65,888 shares of ₹10 (agg. up to ₹942 Cr) |
| Share Holding Pre Issue | 1,74,24,08,730 shares |
| Share Holding Post Issue | 1,88,86,42,842 shares |
| BSE Script Code / NSE Symbol | 534816 / INDUSTOWER |
| ISIN | INE121J01017 |
Bharti Infratel IPO comprises a total issue size of 18,89,00,000 shares. Out of which, 9,44,50,000 (50.00%) are allocated to QIB, 2,83,35,000 (15.00%) allocated to NII 6,61,15,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 9,44,50,000 | 50.00% | NA |
| − Anchor Investor Shares Offered | 2,83,35,000 | 15.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 6,61,15,000 | 35.00% | NA |
| NII (HNI) Shares Offered | 2,83,35,000 | 15.00% | NA |
| Retail Shares Offered | 6,61,15,000 | 35.00% | 13,22,300 |
| Total Shares Offered | 18,89,00,000 | 100.00% |
Investors can bid for a minimum of 50 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹11,000 |
| Retail (Max) | 18 | 900 | ₹1,98,000 |
| S-HNI (Min) | 19 | 950 | ₹2,09,000 |
| S-HNI (Max) | 90 | 4,500 | ₹9,90,000 |
| B-HNI (Min) | 91 | 4,550 | ₹10,01,000 |
Incorporated in 2006, Bharti Infratel Limited is a provider of tower and related infrastructure. Bharti Infratel is one of the world's largest telecom tower infrastructure providers which deploys, owns and manages telecom towers and communication structures for all wireless operators. The business of Bharti Infratel and Indus is to acquire, build, own and operate tower and related infrastructure.
Bharti Infratel and Indus currently provide access to their towers primarily to wireless telecommunications service providers. Bharti Infratel's and Indus's three largest customers are Bharti Airtel (together with Bharti Hexacom), Vodafone India and Idea Cellular. They are the three leading wireless telecommunications service providers in India by wireless revenue.
In India, Infratel has over 34,000+ towers, across 18 states, and 11 Telecom circles, and still growing. Bharti Infratel also has a 42% stake in Indus Towers which was created as a Joint Venture between Bharti Infratel, Vodafone and Aditya Birla Telecom to hive off the Towers business in 15 telecom circles.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Installation of 4,813 new towers | 1,086.56 |
| 2 | Upgradation and replacement on existing towers | 1,214.08 |
| 3 | Green initiatives at tower sites | 639.36 |
| 4 | General corporate purposes | 204.64 |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 86.09% | 79.42% |
| Market Cap | ₹41,550.14 Cr. |
The Bharti Infratel IPO is subscribed 1.3 times on December 14, 2012 8:15:00 PM (Day 4). The public issue subscribed 0.19 times in the retail category, 2.84 times in the QIB category, and 0.29 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 2.84 | 6,61,15,000 | |
| NII | 0.29 | 2,83,35,000 | |
| Retail | 0.19 | 6,61,15,000 | |
| Total | 1.3 | 16,05,65,000 |
CRISIL has assigned a IPO Grade 4/5 to the IPO of Bharti Infratel. This grade indicates that the fundamentals of the Bharti Infratel IPO are 'above average' relative to the other listed equity securities in India. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Please note that this grade is not an opinion on whether the issue price is appropriate in relation to the issue fundamentals. The grade is not a recommendation to buy, sell or hold the graded instrument, or a comment on the graded instrument's future market price or its suitability for a particular investor.
Read Bharti Infratel IPO Grading Report
The promoter of Bharti Infratel has offered Rs 10 discount to retail investors in Bharti Infratel IPO shares. The discount will be given on the final price of the IPO shares.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Underwriting commission, brokerage and selling commission | 73.02 |
| 2 | Fees of Registrar to the Issue | 0.31 |
| 3 | Advisors’ Fees | 11.81 |
| 4 | Fees of the IPO Grading Agency | 0.22 |
| 5 | Printing and distribution expenses | 9.12 |
| 6 | Advertising and marketing expenses | 7.72 |
| 7 | Listing fees | 3.16 |
| 8 | SEBI filing fees | 1.04 |
| 9 | Insurance | 0.64 |
| 10 | Others | 2.21 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹220.00 | ₹220.00 |
| Open | ₹200.00 | ₹200.00 |
| Low | ₹188.70 | ₹188.65 |
| High | ₹200.00 | ₹200.85 |
| Last Trade | ₹191.20 | ₹191.65 |
Lead Manager Reports
Bharti Infratel IPO is a main-board IPO of 18,89,00,000 equity shares of the face value of ₹10 aggregating up to ₹4,173 Crores. The issue is priced at ₹220 per share. The minimum order quantity is 50.
The IPO opens on Tue, Dec 11, 2012, and closes on Fri, Dec 14, 2012.
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 Infratel IPO using UPI as a payment gateway. Zerodha customers can apply in Bharti Infratel IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bharti Infratel IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Bharti Infratel IPO opens on Tue, Dec 11, 2012 and closes on Fri, Dec 14, 2012.
Bharti Infratel IPO lot size is 50, and the minimum amount required for application is ₹11,000.
You can apply in Bharti Infratel 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 Infratel IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Bharti Infratel IPO allotment status.
The Bharti Infratel IPO listing date is on Fri, Dec 28, 2012.
