Bharti Hexacom Ltd. IPO
Bharti Hexacom Ltd.
IPO Listing Details
Listed On
BSE & NSE
Listed On
Issue Price
₹570
Issue Price
Listing Price
₹755
Listing Price
Listing Gains
+₹185.20 (+32.49%)
Listing Gains
IPO Details
Bidding Dates
03 Apr - 05 Apr '24
Bidding Dates
Min. Investment
₹14,092
Min. Investment
Lot Size
26.00
Lot Size
Price Range
₹542 - ₹570
Price Range
Issue Size
4,065 Cr
Issue Size
Subscription Rate
- Retail Individual Investor2.83x
- Non-Institutional Investor10.52x
- Qualified Institutional Buyers48.57x
- Employees
About Company
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.
Important Dates - Bharti Hexacom IPO
| Application opens on | 3rd April 2024 |
| Last date of application | 5th April 2024 |
| Date of Allotment | 8th April 2024 |
| Refund begins from | 10th April 2024 |
| Credit of shares to Demat | 10th April 2024 |
| Listing date | 12th April 2024 |
Why should you invest in Bharti Hexacom Ltd. IPO?
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.
Bharti Hexacom IPO Grey Market Premium
| Date | GMP |
|---|---|
| 28th March | Rs.37 |
| 27th March | Rs.40 |
| 26th March | Rs.30 |
Financial Snapshot - Bharti Hexacom IPO
Check out the financial performance of Bharti Hexacom for recent years:
| Financial Year | Total Assets | Total Revenues | Net Profit |
|---|---|---|---|
| March 2021 | Rs 15,003.50 crore | Rs 4,704.30 crore | Rs -1,003.90 crore |
| March 2022 | Rs 16,674.30 crore | Rs 5,494.00 crore | Rs 1,674.60 crore |
| March 2023 | Rs 18,252.90 crore | Rs 6,719.20 crore | Rs 549.20 crore |
Bharti Hexacom Ltd. IPO - SWOT Analysis
Strengths:
- Established Brand: It is a part of the Bharti Group, a leading conglomerate in India.
- Extensive Network: Wide coverage across Rajasthan, offering reliable telecom services.
- Diversified Portfolio: Offers a range of services including mobile, broadband, and enterprise solutions.
- Customer Loyalty: Strong customer base and brand loyalty due to quality services.
- Technological Advancements: Invests in advanced technologies to enhance network capabilities and service offerings.
Weaknesses:
- Regional Presence: Limited geographical presence primarily in Rajasthan, potentially limiting market reach.
- Competition: Faces intense competition from other telecom operators in the region.
- Infrastructure Challenges: Rural areas may face infrastructural limitations affecting service quality and expansion.
- Dependence on Telecom Industry: Vulnerable to fluctuations in the telecom industry and regulatory changes.
- Limited Innovation: Relatively slower in introducing new services and innovations compared to competitors.
Opportunities:
- Expansion: Opportunity to expand geographically into other regions within India.
- Rural Penetration: Potential for growth by focusing on rural market segments with tailored solutions.
- Digitalization: Increasing demand for digital services presents opportunities for offering innovative solutions.
- Strategic Partnerships: Collaborations with content providers or technology firms for bundled services.
- 5G Implementation: Embracing 5G technology to offer faster and more advanced services.
Threats:
- Regulatory Changes: Changes in telecom regulations could impact operations and profitability.
- Price Wars: Intense competition leading to price wars and margin pressure.
- Technological Disruptions: Rapid advancements in technology could render existing infrastructure obsolete.
- Economic Factors: Fluctuations in the economy affecting consumer spending and investment in telecom services.
- Security Concerns: Increasing cyber threats pose risks to data privacy and network security.
How to apply for Bharti Hexacom Ltd. IPO?
You can apply for the Bharti Hexacom Ltd. IPO in these ways:
UPI
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.
Demat Account
1. If you are an Existing TradeSmart demat account holder and wish to apply for an Bharti Hexacom Ltd. click here.
2. If you don't have a TradeSmart Account? Sign up.
