Bharti Hexacom IPO: Open/Close Date, Price, Lot Size, Allotment & Subscription

Q: When will Bharti Hexacom Ltd's IPO open for subscription?

The IPO subscription window will open on April 3, 2024 .

IPO Details

Bidding Dates

03 Apr '24 - 05 Apr '24

Minimum Investment

₹14,820 / 1 Lots ( 26 Shares )

Price Range

₹542 - ₹570

Maximum Investment

₹192,660 / 13 Lots ( 338 Shares )

Retail Discount

Not Applicable

Issue Size

₹4,275 Cr

Investor category and sub category

Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |

Bharti Hexacom IPO Dates

Important dates with respect to IPO allotment and listing

Opening Date

Apr 3, 2024

Closing Date

Apr 5, 2024

Basis of Allotment

Apr 8, 2024

Initiation of Refunds

Apr 10, 2024

Credit of Shares to Demat

Apr 10, 2024

Listing Date

Apr 12, 2024

Cut-off time for UPI mandate confirmation

Apr 5, 2024

IPO Subscription Details

Date	QIB	NII	Retail	Total
Day 1Apr 3, 2024	0.29x	0.36x	0.50x	0.35x
Day 2Apr 4, 2024	0.82x	1.72x	1.16x	1.12x

Bharti Hexacom IPO Subscription Status Live

Investor Category	Subscription (Times)
Qualified Institutional Buyers	0.82
Non-Institutional Buyers	2.42
Retail Investors	1.42
Total	1.36

About Bharti Hexacom Ltd

They are 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. They offer their services under the brand Airtel

They have a distinct strategy to premiumise their portfolio by acquiring and retaining quality customers and delivering an experience to them through their omnichannel approach and use of data science. They have a gamut of digital offerings to enhance customer engagement and differentiated customised offerings through family and converged plans under the Airtel Black proposition, which has resulted in the continuous improvement of their revenue market share during the last three Fiscals.

India has emerged as one of the five fastest-growing wireless telecom markets, with its customer base clocking 2.9% CAGR between calendar years 2013 and 2022. However, at 82.6 as of 2022, India’s wireless customers per 100 people is the lowest among the top five wireless markets as well as among emerging markets, indicating potential for further growth. Growth of the market as a whole can help players like Bharti Hexacom.

Bharti Hexacom Ltd IPO Details

Bharti Hexacom Ltd IPO Date

Bharti Hexacom IPO is open from April 3, 2024 to April 5, 2024. The IPO will be listed on BSE and NSE.

Bharti Hexacom Ltd IPO Price Band

Bharti Hexacom is a book-built issue. The price band is set at ₹542 to ₹570 per share.

Bharti Hexacom Ltd IPO Lot Size

The Bharti Hexacom Ltd IPO lot size is 26 shares.

Bharti Hexacom Ltd IPO Objectives

The Bharti Hexacom IPO is a solely OFS IPO and its net proceeds will go to the selling shareholders.

Peer Details

The following are the listed peers of Bharti Hexacom:

Bharti Airtel Limited
Vodafone Idea Limited

How To Check the Allotment Status of the Bharti Hexacom Ltd IPO?

A: Steps to check IPO allotment status on Angel One’s app:

Log in to the Angel One app.
Go to the IPO Section and then to IPO Orders.
Select the individual IPO that you had applied for and check the allotment status.
Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Bharti Hexacom Ltd

Registered office: Bharti Crescent, 1, Nelson Mandela Road, Vasant Kunj, Phase II, New Delhi 110 070, India.

Phone: 011-46666100

E-mail: bhartihexacom@bharti.in

IPO Financials

Particulars	Year Ending on March 31, 2023	Year ending on March 31, 2022	Year ending on March 31, 2021
Total Income (in ₹ million)	67,192	54,940	47,043
Profit/(Loss) After Tax (in ₹ millions)	5,492	16,746	(10,339)
Return on Capital Employed	10.72%	4.10%	(1.58)%
Net Debt to EBITDA Ratio	2.8	4.7	6.8

Know before investing

Strengths

They were at the number one position in the North East circle during the 6 months ended September 30, 2023 and Fiscals 2023 and 2022. In Rajasthan, they stood at the close second position during the six months ended September 30, 2023.
Airtel owns 70% of their outstanding equity share capital. Airtel is a global communications solutions provider with over 500 million customers in 17 countries across South Asia and Africa. This helps Bharti Hexacom benefit from the economies of scale and distribution that its partner company can provide.

Risks

They derive their revenues from providing mobile telephone services in Rajasthan and the North East circle and any unfavourable developments in such regions could adversely affect their business, results of operations and financial condition.
In the highly regulated telecommunications market, their licenses and spectrum allocations are subject to terms and conditions, ongoing review and varying interpretations, each of which may result in modification, suspension, early termination, expiry on completion of the term or additional payments, etc.