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IPO Status: Listed [3rd Apr 2024 to 5th Apr 2024]
Bharti Hexacom IPO, a Mainline IPO of ₹4275.00 Cr was launced on 03-04-2024 to 05-04-2024 and the shares got listed on BSE, NSE on 12-04-2024.
The public issue of Bharti Hexacom IPO (BHARTIHEXA,544162) was offered at ₹570.00 per share and the ipo was listed at ₹755.00. It has delivered listing gain of 32.46%.
As the minimum lot size was 26 shares, the IPO has offered Rs 4810.00 per lot return on listing.
| IPO Issue Opening Date: | 3rd Apr 2024 |
| IPO Issue Closing Date: | 5th Apr 2024 |
| IPO Issue Price: | ₹542.00-570.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not more than 10% of the Net Issue |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹4275.00 Cr |
| Offer for Sale: | ₹4275.00 Cr |
| Face Value: | ₹5 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 70.00% |
| Promoter Holding Post IPO: | 70.00% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544162 |
| NSE Code: | BHARTIHEXA |
Get important updates regarding Bharti Hexacom IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 8th Apr 2024 |
| Refunds Initiation* | 10th Apr 2024 |
| Credit of Shares to Demat* | 10th Apr 2024 |
| IPO Listing Date* | 12th Apr 2024 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹542.00-570.00 |
| Market Lot: | 26 Shares |
| 1 Lot Amount: | ₹14820 |
| Min Small HNI Lots(2-10 Lakh): | 364 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 1768 shares (68 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 12-04-2024 | 570.00 | 140 | 2800/39200 | ₹710 (24.56%) | 12-Apr-2024 10:29 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Incorporated in April 1995, Bharti Hexacom Limited is a communications solutions provider offering mobile, fixed and broadband services to customers in Rajasthan and North Eastern telecom circles in India, which includes the states of Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura. The company offers its services under the brand "Airtel". The company has a clear strategy to expand its portfolio by attracting and retaining high-value customers and providing them with an exceptional experience through its omnichannel approach and use of data science.
The company has a range of digital offerings to enhance customer engagement, as well as differentiated, customised offerings through family and convergence plans under the Airtel Black Proposition, which have led to a steady improvement in market share over the last three financial years. The company is taking prudent cost optimization measures to improve its profitability and maintain an efficient capital structure with a comfortable leverage position.
The Company has an extensive distribution and service network in the regions in which it operates and has opened 18 retail stores and 8 small format stores to reach 88 cities in the six months ended September 30, 2023 and in the last three financial years (as of September 30, 2023). As of September 30, 2023, its distribution network comprised 617 dealers and 88,586 retail locations.
| Incorporation | Sector | IPO Issue Size | Website |
| 1995 | Telecom - Cellular & Fixed line services | ₹4275.00 Cr | https://www.bhartihexacom.in/ |
The objects of the Offer are to
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 22,500,000 (54.55%) | 11,250,000 (27.27%) | 7,500,000 (18.18%) | 41,250,000 | |
| 1 | 3rd Apr 2024 19:04 | 0.29x | 0.36x | 0.50x | 0.35x |
| 2 | 4th Apr 2024 19:04 | 0.82x | 1.72x | 1.16x | 1.12x |
| 3 | 5th Apr 2024 18:21 | 48.57x | 10.52x | 2.83x | 29.88x |
Bharti Hexacom Limited's revenue increased by 22.3% and profit after tax (PAT) dropped by -67.2% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 19,603.00 | 18,252.90 | 16,674.30 | 15,003.50 |
| Revenue | 5,420.80 | 6,719.20 | 5,494.00 | 4,704.30 |
| Profit After Tax | 281.80 | 549.20 | 1,674.60 | 1,033.90 |
| Net Worth | 3,978.80 | 3,972.20 | 3,573.20 | 1,898.70 |
| Reserves and Surplus | 4,166.10 | 3,959.50 | 3,410.50 | 1,736.00 |
| Total Borrowing | 6,253.00 | 6,269.30 | 7,198.30 | 5,975.20 |
| Amount in ₹ Crore | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Bharti Hexacom Limited | 10.98 | 10.98 | 84.19 | 13.83 | Standalone | |
| Bharti Airtel Limited | 14.8 | 14.57 | 136.72 | 82.16 | 15.84 | Consolidated |
| Vodafone Idea Limited | -8.43 | -8.43 | -15.28 | -1.63 | Consolidated | |
| Reliance Jio Infocomm Limited | 4.05 | 1.07 | 48 | 8.43 | Consolidated |
Last Updated on 16-Apr-2024 07:02:45
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Bharti Hexacom IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Bharti Hexacom IPO with Zerodha.
Alternate approch to apply in Bharti Hexacom IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Bharti Hexacom IPO Review and Important Updates
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To subscribe or apply in Bharti Hexacom IPO, you can use the following methods:
| Bharti Hexacom IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Bharti Hexacom IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Bharti Hexacom IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Bharti Hexacom IPO. Most of the Syndicate Banks provide access to apply in Bharti Hexacom IPO via ASBA process. You must have your net banking access, DP ID information to apply in Bharti Hexacom IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Bharti Hexacom IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Bharti Hexacom IPO Review and Important Updates
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Applying in Bharti Hexacom IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Bharti Hexacom IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Bharti Hexacom IPO, please refer article >> Link
Bharti Hexacom IPO Review and Important Updates
Steps to download the online application form for Bharti Hexacom IPO
Or
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Bharti Hexacom IPO is going to be list on 12-04-2024. NSE Code for Bharti Hexacom is BHARTIHEXA. BSE Code for Bharti Hexacom is 544162.
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Bharti Hexacom IPO Allotment Date is 08-04-2024.
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Bharti Hexacom IPO share allotment date?Bharti Hexacom IPO allotment date?
