Bookbuilding IPO | ₹[.] Cr | Listing at NSE SME |
HCIN Networks Ltd. IPO was a Book Build Issue
The equity shares were proposed to be listed on the NSE SME. Swastika Investmart Ltd. was the book running lead manager and Maashitla Securities Pvt.Ltd. was the registrar of the issue.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Thu, Nov 14, 2024 |
| Offer document returned | Thu, May 8, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII Shares Offered | Not more than 15% of the Net Issue |
Incorporated in August 2019, HCIN Networks Limited offers B2B solutions, including Internet Services, Managed IT Services, and Telecom Infra Services.
The company provides Internet Leased Lines, Business Broadband, SD-WAN, Managed IT Infrastructure, Remote IT Support, Data Centre Management, Ground Tower Construction, Solar Upgrades, Overhead Fiber Networks, and FTTH Networks.
HCIN Networks Limited partners with telecom operators, specialising in FTTH deployment, tower construction, and 5G infrastructure support.
The company is ISO 20000-1:2018, ISO 9001:2015, and 27001:2013 certified and a notable player in telecom infrastructure.
As of June 30th, 2024, the Company has a total of 123 employees on payroll and eight on offrolls.
HCIN Networks offers a comprehensive suite of services tailored for various industries:
Competitive Strength:
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 46.73 | 37.50 | 8.51 | 3.57 |
| Total Income | 8.71 | 25.41 | 15.98 | 6.88 |
| Profit After Tax | 1.99 | 7.08 | 0.00 | 0.10 |
| NET Worth | 24.26 | 17.67 | 1.14 | 0.13 |
| Reserves and Surplus | 27.55 | 19.48 | 0.09 | 0.08 |
| Total Borrowing | 15.94 | 13.96 | 3.82 | 1.21 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting Up of New Units, Data Centers and Points of Presence (PoPs) | 32.89 |
| 2 | To Meet Incremental Working Capital Requirements. | 21.60 |
| 3 | Full or part repayment and /or prepayment of Loan | 9.02 |
| 4 | General Corporate purpose |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 40.07% |
| ROCE | 25.54% |
| Debt/Equity | 0.67 |
| RoNW | 35.70% |
| PAT Margin | 27.85% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 76.64% |
Lead Manager Reports
HCIN Networks IPO is a SME IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The HCIN Networks IPO open and close dates are not available as of now.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in HCIN Networks IPO using UPI as a payment gateway. Zerodha customers can apply in HCIN Networks IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in HCIN Networks IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The HCIN Networks IPO dates are not announced. Please check back again after some time.
HCIN Networks IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in HCIN Networks 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 HCIN Networks IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the HCIN Networks IPO allotment status.
The HCIN Networks IPO listing date is not yet announced. The tentative date of listing is .
