Bharti Hexacom IPO GMP 2024 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. The subscription period for the Bharti Hexacom IPO begins on April 3, 2024, and ends on April 5, 2024. On Monday, April 8, 2024, the allocation for the Bharti Hexacom IPO is anticipated to be completed. The Bharti Hexacom initial public offering (IPO) is scheduled to go live on the BSE and NSE on Friday, April 12, 2024.
The pricing range for the Bharti Hexacom IPO is ₹542 to ₹570 per share. A minimum of 26 shares is required for an application lot size. Retail investors are required to invest a minimum of ₹14,820. For both sNII and bNII, the minimum lot size investment is ₹207,480 for 14 lots (364 shares) and ₹1,007,760 for 68 lots (1,768 shares).
Bharti Hexacom IPO Details 2024
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IPO Date
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April 3, 2024 to April 5, 2024
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Listing Date
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[.]
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Face Value
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₹5 per share
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Price Band
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₹542 to ₹570 per share
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Lot Size
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26 Shares
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Total Issue Size
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75,000,000 shares
(aggregating up to ₹4,275.00 Cr)
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Offer for Sale
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75,000,000 shares of ₹5
(aggregating up to ₹4,275.00 Cr)
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Issue Type
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Book Built Issue IPO
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Listing At
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BSE, NSE
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Share holding pre issue
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500,000,000
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Share holding post issue
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500,000,000
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Bharti Hexacom IPO Timeline 2024 Tentative Schedule
Bharti Hexacom IPO opens on April 3, 2024, and closes on April 5, 2024.
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IPO Open Date
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Wednesday, April 3, 2024
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IPO Close Date
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Friday, April 5, 2024
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Basis of Allotment
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Monday, April 8, 2024
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Initiation of Refunds
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Wednesday, April 10, 2024
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Credit of Shares to Demat
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Wednesday, April 10, 2024
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Listing Date
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Friday, April 12, 2024
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Cut-off time for UPI mandate confirmation
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5 PM on April 5, 2024
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Bharti Hexacom IPO Lot Size
Bids can be placed for multiples of 26 shares, with a minimum bid of 26. The minimum and maximum share and amount investments made by HNIs and retail investors are shown in the table below.
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Application
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Lots
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Shares
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Amount
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Retail (Min)
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1
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26
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₹14,820
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Retail (Max)
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13
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338
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₹192,660
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S-HNI (Min)
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14
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364
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₹207,480
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S-HNI (Max)
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67
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1,742
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₹992,940
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B-HNI (Min)
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68
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1,768
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₹1,007,760
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Bharti Hexacom IPO Promoter Holding
The Promoter of the Company is Bharti Airtel Limited
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Share Holding Pre Issue
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70.00%
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Share Holding Post Issue
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Bharti Hexacom IPO Reservation
75,000,000 shares are available in the Bharti Hexacom IPO. 22,500,000 (30.00%) went to QIB, 11,250,000 (15.00%) went to NII, 7,500,000 (10.00%) went to RII, and 33,750,000 (45.00%) went to Anchor investors. The minimum number of shares for 288,461 RIIs is 26; the minimum number of shares for 10,302 sNII and 20,604 bNII is 364. (If there is a large subscription)
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Investor Category
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Shares Offered
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Maximum Allottees
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Anchor Investor Shares Offered
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33,750,000 (45.00%)
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NA
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QIB Shares Offered
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22,500,000 (30.00%)
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NA
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NII (HNI) Shares Offered
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11,250,000 (15.00%)
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bNII > ₹10L
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7,500,000 (10.00%)
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20,604
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sNII < ₹10L
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3,750,000 (5.00%)
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10,302
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Retail Shares Offered
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7,500,000 (10.00%)
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288,461
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Total Shares Offered
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75,000,000 (100%)
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Bharti Hexacom IPO Anchor Investors Details
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Bid Date
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April 2, 2024
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Shares Offered
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33,750,000
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Anchor Portion Size (In Cr.)
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1,923.75
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Anchor lock-in period end date for 50% shares (30 Days)
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May 8, 2024
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Anchor lock-in period end date for remaining shares (90 Days)
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July 7, 2024
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About Bharti Hexacom Limited
Incorporated in 1995, Bharti Hexacom Limited provides fixed-line telephone and broadband services to customers in Rajasthan and North East telecom circles in India.
- The company provides services in states such as Rajasthan and Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura. ;
- By December 31, 2023, the company has invested ₹206 billion in digital infrastructure capital expenditures to be future-ready.
- As of December 31, 2023, the company has 27.1 million customers across 486 census towns.
- As of December 31, 2023, there were 616 distributors and 89,454 retail touchpoints in the distribution network.
- As of December 31, 2023, the company had 19,144 thousand data customers, out of which 18,839 thousand were 4G and 5G customers.
Bharti Hexacom Limited Financial Information (Restated Standalone)
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.
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Period Ended
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31 Dec 2023
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31 Mar 2023
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31 Mar 2022
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31 Mar 2021
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Assets
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19,603.00
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18,252.90
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16,674.30
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15,003.50
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Revenue
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5,420.80
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6,719.20
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5,494.00
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4,704.30
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Profit After Tax
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281.80
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549.20
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1,674.60
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-1,033.90
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Net Worth
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3,978.80
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3,972.20
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3,573.20
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1,898.70
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Reserves and Surplus
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4,166.10
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3,959.50
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3,410.50
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1,736.00
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Total Borrowing
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6,253.00
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6,269.30
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7,198.30
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5,975.20
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Objects of the Issue (Bharti Hexacom IPO Objectives)
- To carry out the Offer for Sale of up to 75,000,000 Equity Shares by the Selling Shareholder; and
- Achieve the benefits of listing the Equity Shares on the Stock Exchanges.
Bharti Hexacom IPO Review 2024 Apply
Bharti Hexacom’s IPO, with strong parentage and brand, is priced at Rs 542-570 per share. Analysts recommend subscribing to the Rs 4,275 crore issue as it is available at a reasonable valuation. The company offers 5G plus services and operates in Rajasthan and the Northeast circles.
