Bharti Hexacom Limited IPO: An Overview and Corporate Insight
Bharti Hexacom Limited (BHL) was established in 1995 and offers fixed-line and broadband services to consumers in Rajasthan and the Northeast telecom regions of India. States like Rajasthan, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura are among those where the company offers its services. To be prepared for the future, the corporation had invested ₹206 billion in capital expenditures for digital infrastructure as of December 31, 2023. The corporation served 27.1 million customers in 486 census localities as of December 31, 2023. The distribution network included 89,454 retail touchpoints and 616 distributors as of December 31, 2023. The company had 19,144 thousand data clients as of December 31, 2023, of which 18,839 thousand were on 4G and 5G networks.
Grey Market Premium Analysis and IPO Timelines – Bharti Hexacom Limited IPO
| Date | GMP |
| March 28 | ₹37 |
| March 27 | ₹40 |
| March 26 | ₹30 |
| March 25 | ₹50 |
| March 24 | ₹50 |
| March 23 | ₹65 |
As of March 28, 2024, at 12:30 AM, the Bharti Hexacom IPO’s last GMP is ₹37. The expected listing price of the Bharti Hexacom IPO, with a price band of 570.00, is ₹607 (cap price + today’s GMP). A percentage gain or loss per share of 6.49% is anticipated.
Pricing Details and Lot Size – Bharti Hexacom Limited IPO
The price band for Bharti Hexacom Limited IPO is ₹542 to ₹570 per share
Book-Running Lead Managers and Registrar – Bharti Hexacom Limited IPO
The Bharti Hexacom IPO’s book-running lead managers are SBI Capital Markets Limited, Axis Capital Limited, Bob Capital Markets Limited, ICICI Securities Limited, and IIFL Securities Limited. And Kfin Technologies Limited is the issue’s registrar.
Offer for Sale and IPO Size Breakdown – Bharti Hexacom Limited IPO
The Rs 4,275.00 crore Bharti Hexacom IPO is a book-built offering. The entire purpose of the issuance is to sell 7.5 crore shares.
IPO Timelines at a Glance – Bharti Hexacom Limited IPO
| Event | Date |
| IPO Opening Date | April 3, 2024 |
| IPO Closing Date | April 5, 2024 |
| IPO Allotment Date | April 8, 2024 |
| Initiation of Refunds | April 10, 2024 |
| Credit of Shares to Demat | April 10, 2024 |
| IPO Listing Date | April 12, 2024 |
Utilisation of Fresh Issuance and Technological Advancements – Bharti Hexacom Limited IPO
The offer’s objectives are to:
- Fulfill the selling shareholder’s offer to sell up to 75,000,000 equity shares.
- To reap the rewards of having the equity shares listed on stock exchanges.
Conclusion
With a range of digital products to promote customer interaction and unique, personalised solutions via family and converged plans under the Airtel Black offer, the business has improved its revenue market share steadily over the last 3 fiscal years. BHL employs judicious cost optimisation strategies to boost earnings and preserve a productive capital structure with a good leverage position. The business makes consistent investments in technology development, network growth, and wise spectrum use. BHL had made capital expenditure investments of ₹206 billion in its future-ready digital infrastructure as of December 31, 2023. Because of its vast digital infrastructure, depth of experience, and customer-focused digital offerings, it also benefits greatly from its partnership with Airtel.
30% of BHL’s outstanding equity share capital is owned by the Government of India, via Telecommunications Consultants India Limited. The company’s primary areas of expertise include switching, transmission systems, cellular services, e-Governance, 4G/5G, FTTH, VOIP, Wi-Fi surveillance, cyber security, and consulting services for civil construction and project management. Its other areas of expertise include information technology and networking solutions.
As of December 31, 2023, BHL served 27.1 million consumers in both rings and was present in 486 census towns. From 33.1% on March 31, 2021, to 35.0% on December 31, 2023, its customer market share increased steadily in Rajasthan; in the North East, it increased from 43.6% to 49.8% between the same dates. As of December 31, 2023, it held the top spot in the North East circle with 6.4 million Visitor Location Register (VLR) users and a 52.3% market share, and the second-highest number in the Rajasthan circle with 23.2 million consumers and a 38.7% VLR market share.
Frequently Asked Questions (FAQ) – Bharti Hexacom Limited IPO
What does Bharti Hexacom Limited specialise in?
Bharti Hexacom Limited was established in 1995 and offers fixed-line and broadband services to consumers in Rajasthan and the North East telecom regions of India. ‘Airtel’ is the brand under which the corporation provides its services. Through the use of data science and an omni-channel approach, it has a unique strategy to premiumise its portfolio by attracting and keeping quality clients and providing them with an experience. Under the Airtel Black concept, the business offers a range of digital products to improve customer engagement, including convergent and family plans that offer differentiated customized offerings.
What is the primary purpose of Bharti Hexacom Limited’s IPO?
The offer’s objectives are to fulfill the selling shareholder’s offer to sell up to 75,000,000 equity shares, and to reap the rewards of having the equity shares listed on stock exchanges.
Who are the lead managers for Bharti Hexacom Limited’s IPO?
SBI Capital Markets Limited, Axis Capital Limited, Bob Capital Markets Limited, ICICI Securities Limited, and IIFL Securities Limited are the Book Running Lead Managers (BRLM) to the issue.
How is the IPO structured in terms of new issuance and offer for sale (OFS)?
The Rs 4,275.00 crore Bharti Hexacom IPO is a book-built offering. The entire purpose of the issuance is to sell 7.5 crore shares.
What is the lot size and minimum investment for retail investors in the Bharti Hexacom Limited IPO?
Bharti Hexacom Limited’s IPO lot size is 26 shares, and the minimum amount is ₹14,820.
What is the price band for the Bharti Hexacom Limited IPO?
The price band for Bharti Hexacom Limited IPO is ₹542 to ₹570 per share.
How has the Grey Market Premium (GMP) trend for Bharti Hexacom Limited IPO?
As of March 28, 2024, at 12:30 AM, the Bharti Hexacom IPO’s last GMP is ₹37. The expected listing price of the Bharti Hexacom IPO, with a price band of 570.00, is ₹607 (cap price + today’s GMP). A percentage gain or loss per share of 6.49% is anticipated.
When does the IPO open and close for subscription?
Bharti Hexacom Limited IPO will open for subscription on April 3, 2024, and close on April 5, 2024.
When is the allotment date for the Bharti Hexacom Limited IPO?
The allotment date is set for April 8, 2024.
When is Bharti Hexacom Limited expected to be listed on the stock exchanges?
The anticipated listing date for Bharti Hexacom Limited IPO is April 12, 2024, on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
