Bharti Hexacom IPO

Bharti Hexacom IPO will open for subscription from 03 April 2024. The company aims for an issue size of ₹4,275 Cr through this IPO.

Company Overview

Full nameBharti Hexacom Limited
IndustryTelecommunication – Service Provider
Company Website

About Company

Bharti Hexacom is a communications solutions provider offering consumer mobile services, fixed-line telephone, and broadband services to customers in India’s Rajasthan and the Northeast telecommunication circles. This includes the states of Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura. The company provides its services under the brand name ‘Airtel’.

As of 31 December 2023, the company had invested INR 206 billion in capital expenditure in its future-ready digital infrastructure. Additionally, it utilized 24,874 network towers, with 5,092 towers owned by the company and the remaining 19,782 towers leased from tower companies. As of the same date, Bharti Hexacom had 422 full-time employees.

As of 31 December 2023, Bharti Hexacom was present in 486 census towns and had an aggregate of 27.1 million customers across both circles. The customer market share has consistently grown in Rajasthan from 33.1% as of 31 March 2021 to 35.0% as of 31 December 2023, and in the North East from 43.6% to 49.8% during the same period. As of the same date, the company has established 51 retail outlets and 24 small-format stores to cover 90 cities. Additionally, its distribution network consisted of 616 distributors and 89,454 retail touchpoints.

The Objectives of the Issue

  • To carry out the Offer for Sale of up to 75,000,000 Equity Shares by the Selling Shareholder; and
  • Achieve the benefits of listing the Equity Shares on the Stock Exchanges.

Bharti Hexacom IPO Timetable

IPO Opening date03 April 2024
IPO Closing05 April 2024
Basis of Allotment08 April 2024
Initiation Refund10 April 2024
Credit to Demat Account10 April 2024
Listing Date12 April 2024
(Cut-off time for UPI mandate confirmation – 5 PM on April 5, 2024)

Bharti Hexacom IPO details

Issue typeBook Built Issue IPO
IPO issue size₹4,275 Cr – 75,000,000 shares
Fresh IssueNil
Offer for sale₹4,275 Cr – 75,000,000 shares
Face value₹05 per share
Price Band ₹542 to ₹570 per share
Lot size26 Shares
Shareholding pre-issue500,000,000
Shareholding post-issue500,000,000
Listing ExchangeBSE & NSE

Bharti Hexacom IPO Lot Size

Retail (Min)126₹14,820
Retail (Max)13338₹192,660
S-HNI (Min)14364₹207,480
S-HNI (Max)671,742₹992,940
B-HNI (Min)681,768₹1,007,760

Bharti Hexacom IPO Reservation Details

QIB Shares Offered75%
NII (HNI) Shares Offered15%
Retail Shares Offered10%

Bharti Hexacom Financial Performance

 FY 2021FY 2022FY 20239M FY 2024
Net income(1,033.9)1,674.6549.2281.8
Margin (%)(22.46)30.988.355.40
(Amount in ₹ Crores)

Bharti Hexacom Valuations & Margins

FY 2021FY 2022FY 2023 (Pre-Issue)FY 2024 (Post-Issue)*
PE ratio49.34 – 51.8972.13 – 75.85
* Calculated on the basis of annualized Profits After Tax for FY 2024
FY 2021FY 2022FY 2023
RONW (%)(54.45)46.8713.83
ROCE (%)(1.58)4.1010.72
EBITDA (%)24.7135.1243.90

Company Promoters

  • Bharti Airtel Limited

Promoter Holding

Pre Issue Share Holding70%
Post Issue Share Holding

Bharti Hexacom IPO Lead Manager(s)

  • SBI Capital Markets Limited
  • Axis Capital Limited
  • BOB Capital Markets Limited
  • ICICI Securities Limited
  • IIFL Securities Ltd

Bharti Hexacom Registrar

Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222/ 18003094001

Company Contact Details

Bharti Crescent, 1, Nelson Mandela Road,
Vasant Kunj, Phase II, New Delhi 110 070
Phone: 011-46666100

Bharti Hexacom IPO Allotment Status

Bharti Hexacom IPO allotment status will be available on the KFin Tech website. Click on this link to get allotment status.

Final thoughts

Bharti Hexacom IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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