Fixed Price IPO | ₹25 Cr | Listed at BSE SME | Thu, Feb 8, 2018 - Mon, Feb 12, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Feb 8, 2018
IPO Close
Mon, Feb 12, 2018
Issue Price
₹150 per share
Market Cap (Pre-IPO)
₹94.13 Cr
| IPO Date | 8 to 12 Feb, 2018 |
| Listed on | Tue, Feb 20, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹150 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 16,50,000 shares (agg. up to ₹25 Cr) |
| Reserved for Market Maker | 84,000 shares NNM Securities Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 13,16,000 shares (agg. up to ₹20 Cr) |
| Offer for Sale | 2,50,000 shares of ₹10 (agg. up to ₹4 Cr) |
| Net Offered to Public | 15,66,000 shares (agg. up to ₹23 Cr) |
| Share Holding Pre Issue | 48,57,600 shares |
| Share Holding Post Issue | 62,75,600 shares |
| BSE Script Code | 540956 |
| ISIN | INE341Z01017 |
Bhatia Communications IPO comprises a total issue size of 16,50,000 shares. The net offer to the public is 15,66,000 shares, after excluding 84,000 shares allotted on a firm basis. Of the Net offer 7,83,000 (50.00%) allocated to NII 7,83,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 7,83,000 | 50.00% | 47.45% |
| Retail Shares Offered | 7,83,000 | 50.00% | 47.45% |
| Firm Reservations | |||
| Market Maker Shares Offered | 84,000 | 5.09% | |
| Total Shares Offered | 16,50,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| 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.
| 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 | Long term Working capital Requirements | 15.50 |
| 2 | General Corporate Purpose | 5.00 |
| 3 | Public Issue Expenses | 0.50 |
The Bhatia Communications IPO is subscribed 1.36 times on February 12, 2018 5:00:00 PM (Day 3). The public issue subscribed 0.73 times in the retail category, [.] times in the QIB category, and 1.98 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.98 | 7,83,000 | 15,51,000 |
| Retail | 0.73 | 7,83,000 | 5,73,000 |
| Total | 1.36 | 15,66,000 | 21,28,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including fees and reimbursements of Market Making Fees, selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, Bankers etc and other out of pocket Expenses. | 0.20 |
| 2 | Printing & Stationery and Postage Expenses | 0.05 |
| 3 | Marketing and Advertisement Expenses | 0.15 |
| 4 | Regulatory fees and other Expenses | 0.04 |
| 5 | Other Miscellaneous Expenses | 0.06 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹150.00 |
| Open | ₹153.95 |
| Low | ₹150.00 |
| High | ₹153.95 |
| Last Trade | ₹150.10 |
Purva Sharegistry (India) Pvt.Ltd.
Lead Manager Reports
Bhatia Communications IPO is a SME IPO of 16,50,000 equity shares of the face value of ₹10 aggregating up to ₹25 Crores. The issue is priced at ₹150 per share. The minimum order quantity is 1000.
The IPO opens on Thu, Feb 8, 2018, and closes on Mon, Feb 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 Thu, Feb 8, 2018 and closes on Mon, Feb 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 Tue, Feb 20, 2018.
