Bharti Hexacom Ltd IPO
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Bharti Hexacom Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 750 L | ₹ 750 L | ₹ 75 L | ₹ 3,500 L | BSE | ₹ 4275 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 03 Apr, 24 | 05 Apr, 24 | 26 | ₹ 14,092 | Book Building | 12 Apr, 24 |
Bharti Hexacom Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Telecommunications - Service Provider |
| Sub Sector | NA |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 19.43x | 56250000 | 1092925340 |
| NII | 10.52x | 11250000 | 118308372 |
| Retail | 2.83x | 7500000 | 21246758 |
| Employee | 0x | 0 | 0 |
| Total | 16.43x | 75000000 | 1232480470 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Bharti Hexacom Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 2,662.50 | 2,287.10 | 3,282.10 |
| EBITDA | 4,401.70 | 3,840.40 | 4,723.10 |
| PAT | 504.40 | 549.20 | 1,674.60 |
| Total Assets | 3,017.50 | 2,615.60 | 4,920.70 |
| Share Capital | 250.00 | 250.00 | 250.00 |
| Total Borrowings | 2,498.60 | 2,378.00 | 2,704.00 |
| Operating Activities (Net Cash) | 2,243.60 | 2,102.50 | 3,115.60 |
| Investing Activities (Net Cash) | -206.90 | -890.00 | -15.10 |
| Financing Activities (Net Cash) | 2,498.60 | 2,378.00 | 2,704.00 |
| Net Cashflow | 74.30 | 88.70 | 120.90 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Bharti Hexacom Ltd
Bharti Hexacom Limited was originally incorporated under the Companies Act, 1956 as `Hexacom India Limited', and was issued a certificate of incorporation on April 20, 1995 and subsequently, a certificate for commencement of business by the Registrar of Companies, NCT of Delhi & Haryana at New Delhi on April 26, 1995. Subsequently, the name of the Company changed to `Bharti Hexacom Limited', pursuant to a special resolution passed by its shareholders at its extraordinary general meeting (EGM) held on September 10, 2004 and a fresh certificate of incorporation was issued by the Registrar of Companies, NCT of Delhi & Haryana at New Delhi on December 2, 2004.
The customer base in the Rajasthan circle is expected to grow at 1.4%-1.5% CAGR between Fiscals 2023 and 2028, to reach 69.0-69.5 million, with a teledensity of 82%-83%. By Fiscal 2028, the number of internet customers is projected to reach 62.5-63.0 million from 46.9 million in Fiscal 2023, clocking a CAGR of approximately 6.0%. The customer base in the Northeast circle is expected to grow at 1.0-1.5% CAGR between Fiscals 2023 and 2028, to 13.2-13.5 million, with teledensity at 81%-82%. By Fiscal 2028, internet customers in the Northeast are projected to reach 12.5-13.5 million, at a CAGR of 6.0%-7.0%.
Bharti Hexacom Limited is a communications solutions provider offering consumer mobile services, fixed-line telephone and broadband services to customers in the Rajasthan and the North East telecommunication circles in India, which comprises the states of Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura. The Company offers its services under the brand `Airtel'. Its revenue market share for the Rajasthan circle was 40.4%, 39.2%, 39.5%, 36.7% and 32.7%, while for the North East circle was 52.7%, 52.4%, 52.5%, 48.5% and 42.0% during the nine months ended December 31, 2023 and 2022 and Fiscals 2023, 2022 and 2021, respectively.
Peer Comparison:
- Bharti Airtel Ltd
- Vodafone Idea Ltd
- Reliance Jio Infocomm Ltd
Bharti Hexacom Ltd IPO Key Points
Strengths
- Established Leadership and Large Customer Base in its area of operations.
- Presence in Markets with High Growth Potential.
- Strong Parentage and Established Brand.
- Building a Future Ready Network .
- Extensive Distribution and Service Network .
Risk
- We derive our revenues from providing mobile telephone services in Rajasthan and the North East circleand any unfavourable developments in such regions could adversely affect our business, results of operations and financial condition.
- There are outstanding legal proceedings involving our Promoter, in addition to our Company. Any adverse outcome in any of these proceedings may adversely affect our reputation, business, financial condition and results of operations.
- The Offer shall be undertaken under Regulation 6(2) of the SEBI ICDR Regulations.
Strategy
- Grow its Revenue by Focusing on Acquiring and Retaining Quality Customers.
- Expand its Network Coverage.
- Deliver Brilliant Customer Experience through an Omnichannel Approach and Extensive Use of Data Science.
- Improve its Cost Efficiencies.
- Established Leadership and Large Customer Base in its area of operations.
- Presence in Markets with High Growth Potential.
- Strong Parentage and Established Brand.
- Building a Future Ready Network .
- Extensive Distribution and Service Network .
How To Apply for Bharti Hexacom Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.