₹ 14820 / 26 shares
IPO Details
RHP/DRHPIssue Date
03 Apr - 5 Apr'24
Investment/lot
₹ 14820
Price Range
542 - 570
Lot Size
26
IPO Size
₹ 4275.00 Cr
IPO Listing Details
Listing On
12 Apr'24
Issue Price
570
Listed Price
₹ 755
Retail Gain/Listing Gain
â–²32.46%
IPO Timeline
Bharti Hexacom IPO Issue Details
Kotak Securities
•03m 28s
Bharti Hexacom Company Background
Bharti Hexacom functions as a communications solutions provider, extending consumer mobile services, fixed-line telephone connectivity, and broadband solutions to clientele within the Rajasthan and the Northeast telecommunications circles of India. Services are delivered under the renowned brand name 'Airtel'.
With that, let's take a look at the competitive strength and risk factors for Bharti Hexacom Limited:
Bharti Hexacom Competitive Strengths
Established Leadership and Large Customer Base
As of December 31, 2023, the company maintained a presence in 486 census towns, catering to a total customer base of 27.1 million individuals. Among these customers, there were 19,144 thousand data users, with 18,839 thousand utilising 4G and 5G services. Additionally, the average monthly data consumption per customer during the nine months leading up to December 31, 2023, stood at approximately 23.1 GB.
The company held the top position in the North East circle from Fiscals 2023 and 2022 through the nine months ending on December 31, 2023. In the Rajasthan circle, it closed the market share gap with the leader between Fiscal 2021 and December 31, 2023, securing the second position. (Source: CRISIL Report)
Strong Parentage and Established Brand
With ownership of 70% of the outstanding equity share capital, Airtel emerges as a global communications solutions provider boasting a customer base exceeding 500 million across 17 countries in South Asia and Africa. Throughout the nine months concluding on December 31, 2023, and Fiscal 2023, Airtel maintained a revenue market share in India of 37.2% and 36.1%, respectively. As of December 31, 2023, its mobile customer count stood at 381.7 million, representing a customer market share of 33.0%. Airtel's consolidated net debt to EBITDA ratio is at 2.5, underpinning its robust financial risk profile, as affirmed by CRISIL Ratings, which rates it at AA+ as of July 2023.
Building a Future Ready Network
The company relies on a resilient network infrastructure comprising both owned and leased assets. Leveraging the telecommunications infrastructure and digital assets of its Promoter, Airtel, as well as its investment in Indus Towers, has been advantageous. Over time, the company has intensified its utilisation of digital tools, data science, and technology to bolster network efficiency, streamline costs, and promote environmental sustainability. As of December 31, 2023, the company's presence extended to 486 census towns across the two operational circles, supported by a network of 5,092 owned and 19,782 leased network towers.
Risk Factors
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Revenue is derived from a specific geographical region. Any unfavourable developments in these regions may adversely impact business operations.
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There are outstanding legal proceedings involving the promoter, in addition to the company.
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Reduction in revenue earned for telecom services, due to regulatory ceilings on pricing, or owing to pricing pressure, reduction in average revenue per user (ARPU), may have an adverse effect on the business.
Key Strategies
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Grow revenue by focusing on acquiring and retaining quality customers.
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Expand network coverage.
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Deliver brilliant customer experience through an omnichannel approach and extensive use of data science.
Bharti Hexacom Key Financials
Here are the key financials for Bharti Hexacom Limited:
Particulars (in Rs. million)
Particulars (in Rs. million)
How to apply for IPO through ASBA
Kotak Securities
•04m 01s
How to apply for an IPO using UPI
Kotak Securities
•01m 19s
Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.
How To Apply for Bharti Hexacom Ltd IPO?
Here are the steps to apply for Bharti Hexacom Ltd IPO:
Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
Bharti Hexacom Ltd IPO FAQs
When is Bharti Hexacom Ltd IPO listing date?
Bharti Hexacom Ltd will list on 2024-04-12.
What is the issue size of Bharti Hexacom Ltd IPO?
4275.00 is the issue size of Bharti Hexacom Ltd IPO.
What is the minimum lot size required for Bharti Hexacom Ltd IPO?
The minimum lot size is 26 shares and the investment required is ₹14820.
What is the price band of the Bharti Hexacom Ltd IPO?
The price band of Bharti Hexacom Ltd IPO is ₹542 to ₹570.
Where can I read more about Bharti Hexacom Ltd business?
You can read more about Bharti Hexacom Ltd and its IPO from the company’s red herring prospectus (RHP) here.
What is the Bharti Hexacom Limited IPO?
The Bharti Hexacom Limited IPO has an issue size of Rs. 4,275 crores. The IPO opens for subscription on 3rd April 2024 and closes on 5th April 2024.
Who is the Registrar for Bharti Hexacom Limited IPO?
Kfin Technologies Limited is the registrar for this IPO.
