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Bhatia Communications IPO is a fixed price issue of ₹24.75 crores. The issue is a combination of fresh issue of 0.14 crore shares aggregating to ₹21.00 crores and offer for sale of 0.03 crore shares aggregating to ₹3.75 crores.
Bhatia Communications IPO bidding started from Feb 8, 2018 and ended on Feb 12, 2018. The shares got listed on BSE SME on Feb 20, 2018.
Bhatia Communications IPO price is ₹150.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹1,50,000 (1000 shares). The minimum lot size investment for HNI is 2 lots (2,000 shares), amounting to ₹3,00,000.
Oneview Corporate Advisors Pvt.Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The market maker of the company is NNM Securities Pvt.Ltd..
Refer to Bhatia Communications IPO RHP for detailed Information.
| IPO Date | February 8, 2018 to February 12, 2018 |
| Listing Date | February 20, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹150 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 16,50,000 shares (aggregating up to ₹24.75 Cr) |
| Reserved for Market Maker | 84,000 shares NNM Securities Pvt.Ltd. (aggregating up to ₹1.26 Cr) |
| Fresh Issue (Ex Market Maker) | 13,16,000 shares (aggregating up to ₹19.74 Cr) |
| Offer for Sale | 2,50,000 shares of ₹10 (aggregating up to ₹3.75 Cr) |
| Net Offered to Public | 15,66,000 shares (aggregating up to ₹23.49 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 48,57,600 shares |
| Share Holding Post Issue | 62,75,600 shares |
Bhatia Communications IPO offers total 16,50,000 shares. Out of which 7,83,000 (47.45%) allocated to NII, 7,83,000 (47.45%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 84,000 (5.09%) |
| NII (HNI) Shares Offered | 7,83,000 (47.45%) |
| Retail Shares Offered | 7,83,000 (47.45%) |
| Total Shares Offered | 16,50,000 (100.00%) |
Bhatia Communications IPO opens on February 8, 2018, and closes on February 12, 2018.
| IPO Open Date | Thu, Feb 8, 2018 |
| IPO Close Date | Mon, Feb 12, 2018 |
| Tentative Listing Date | Tue, Feb 20, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Feb 12, 2018 |
Investors can bid for a minimum of 1,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,50,000 |
| Retail (Max) | 1 | 1,000 | ₹1,50,000 |
| HNI (Min) | 2 | 2,000 | ₹3,00,000 |
Incorporated in 2008, Bhatia Communications & Retail (India) Limited is Surat Gujrat based company engaged into retail and wholesale distribution business of mobile handsets, tablets, data-cards, mobile accessories, mobile related products etc. Company sell smart mobile handsets of all the brands including Apple I-Phone, Samsung, OPPO, GIONEE, VIVO etc, mobile related products, tablets, data cards, accessories under one roof through its owned 72 retail outlets and 24 franchisee located all over the South Gujarat region including Surat, Vapi, Valsad, Navsari, Vyara etc.
Company also provide credit/EMI facilities to its customers for buying its products for which it has tied up with major leading credit houses like Bajaj Finserv, Capital First etc.
Company purchases the phones either from distributors or directly from the manufacturers. Bhatia Communications have 84 full time employees.
| Particulars | For the year/period ended (in Rs. million) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 250.12 | 178.48 | 183.34 | 169.77 | 105.75 | |
| Total Revenue | 1334.91 | 960.81 | 1105.74 | 1041.17 | 742.95 | |
| Profit After Tax | 4.78 | 3.09 | 3.42 | 3.51 | 2.00 | |
The Company Bhatia Communications IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Long term Working capital Requirements | 15.50 |
| 2 | General Corporate Purpose | 5.00 |
| 3 | Public Issue Expenses | 0.50 |
[Dilip Davda] <p>Company’s peers are no comparable on an apple to apple basis. It is operation in the highly competitive field with many unorganized players. Considering its exorbitant pricing one may give it a miss.</p> Read detail review...
| Listing Date | February 20, 2018 |
| BSE Script Code | 540956 |
| NSE Symbol | |
| ISIN | INE341Z01017 |
| Final Issue Price | ₹150 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹150.00 |
| Open | ₹153.95 |
| Low | ₹150.00 |
| High | ₹153.95 |
| Last Trade | ₹150.10 |
Bhatia Communications & Retail (India) Ltd.
132,
Dr. Ambedkar Shopping Centre,
Ring Road,
Surat, Gujarat, 395002
Phone: 0261-2349892
Email: info@bhatiamobile.com
Website: http://bhatiamobile.com/
Purva Sharegistry (India) Pvt.Ltd.
Phone: +91-022-23018261/ 23016761
Email: busicomp@gmail.com
Website: https://www.purvashare.com/investor-service/ipo-query
Bhatia Communications IPO is a SME IPO of 16,50,000 equity shares of the face value of ₹10 aggregating up to ₹24.75 Crores. The issue is priced at ₹150 per share. The minimum order quantity is 1000.
The IPO opens on February 8, 2018, and closes on February 12, 2018.
Purva Sharegistry (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Bhatia Communications IPO using UPI as a payment gateway. Zerodha customers can apply in Bhatia Communications IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bhatia Communications IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Bhatia Communications IPO opens on February 8, 2018 and closes on February 12, 2018.
Bhatia Communications IPO lot size is 1000, and the minimum amount required for application is ₹1,50,000.
You can apply in Bhatia Communications 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 Bhatia Communications IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Bhatia Communications IPO allotment status.
The Bhatia Communications IPO listing date is on Tuesday, February 20, 2018.
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