Bharti Hexacom IPO Description – Bharti Hexacom is a communications solutions provider offering consumer mobile services, fixed-line telephone, and broadband services to customers in India’s Rajasthan and the Northeast telecommunication circles. This includes the states of Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura. The company provides its services under the brand name ‘Airtel’.
As of 31 December 2023, the company had invested INR 206 billion in capital expenditure in its future-ready digital infrastructure. Additionally, it utilized 24,874 network towers, with 5,092 towers owned by the company and the remaining 19,782 towers leased from tower companies. As of the same date, Bharti Hexacom had 422 full-time employees.
As of 31 December 2023, Bharti Hexacom was present in 486 census towns and had an aggregate of 27.1 million customers across both circles. The customer market share has consistently grown in Rajasthan from 33.1% as of 31 March 2021 to 35.0% as of 31 December 2023, and in the North East from 43.6% to 49.8% during the same period. As of the same date, the company has established 51 retail outlets and 24 small-format stores to cover 90 cities. Additionally, its distribution network consisted of 616 distributors and 89,454 retail touchpoints.
Promoters of Bharti Hexacom – Bharti Airtel Limited
Table of Contents
Bharti Hexacom IPO Details
| Bharti Hexacom IPO Dates | 3 – 5 April 2024 |
| Bharti Hexacom Issue Price | INR 542 – 570 per share |
| Fresh issue | NIL |
| Offer For Sale | 75,000,000 shares (INR 4,065 – 4,275 crores) |
| Total IPO size | 75,000,000 shares (INR 4,065 – 4,275 crore) |
| Minimum bid (lot size) | 26 Shares (INR 14,820) |
| Face Value | INR 5 per share |
| Retail Allocation | 10% |
| Listing On | BSE, NSE |
Bharti Hexacom Issue Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 |
| Revenue | 4,602.3 | 5,405.2 | 6,579.0 | 5,220.8 |
| Expenses | 3,549.9 | 3,591.2 | 3,793.3 | 2,737.4 |
| Net income | (1,033.9) | 1,674.6 | 549.2 | 281.8 |
| Margin (%) | (22.46) | 30.98 | 8.35 | 5.40 |
Bharti Hexacom Offer News
- Bharti Hexacom RHP
- Bharti Hexacom DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Bharti Hexacom Valuations & Margins
|  | FY 2021 | FY 2022 | FY 2023 (Pre-Issue) | FY 2024 (Post-Issue)* |
| EPS | (20.68) | 33.49 | 10.98 | 7.51 |
| PE ratio | – | – | 49.34 – 51.89 | 72.13 – 75.85 |
| FY 2021 | FY 2022 | FY 2023 | |
| RONW (%) | (54.45) | 46.87 | 13.83 |
| NAV | 37.97 | 71.46 | 79.44 |
| ROCE (%) | (1.58) | 4.10 | 10.72 |
| EBITDA (%) | 24.71 | 35.12 | 43.90 |
| Debt/Equity | 2.99 | 1.94 | 1.48 |
Bharti Hexacom IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 11 April 2024 | 93 | – | 2,200 |
| 10 April 2024 | 92 | – | 2,000 |
| 9 April 2024 | 85 | – | 1,800 |
| 8 April 2024 | 75 | – | 1,500 |
| 6 April 2024 | 65 | – | – |
| 5 April 2024 | 55 | – | – |
| 4 April 2024 | 50 | – | – |
| 3 April 2024 | 43 | – | – |
| 2 April 2024 | 40 | – | – |
| 1 April 2024 | 37 | – | – |
| 30 March 2024 | 40 | – | – |
| 29 March 2024 | 42 | – | – |
| 28 March 2024 | 40 | – | – |
| 27 March 2024 | 30 | – | – |
| 26 March 2024 | 50 | – | – |
Bharti Hexacom IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
| Shares Offered | 22,500,000 | 11,250,000 | 7,500,000 | 41,250,000 |
| 5 Apr 2024 | 48.57 | 10.52 | 2.83 | 29.88 |
| 4 Apr 2024 | 0.82 | 2.71 | 1.46 | 1.45 |
| 3 Apr 2024 | 0.29 | 0.36 | 0.48 | 0.34 |
Bharti Hexacom – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Bharti Hexacom | 75.85 | 7.51 | 13.83 | 84.19 | 6,579.0 |
| Bharti Airtel | 82.16 | 14.57 | 15.84 | 136.72 | 139,144.8 |
| Vodafone Idea | (1.63) | (8.43) | NA | (15.28) | 42,177.2 |
| Reliance Jio Infocomm | NA | 1.07 | 8.43 | 48.00 | 90,786.0 |
Bharti Hexacom IPO Allotment Status
Bharti Hexacom IPO allotment status is now available on the KFin Tech website. Click on this link to get allotment status.
Bharti Hexacom IPO Dates & Listing Performance
| IPO Opening Date | 3 April 2024 |
| IPO Closing Date | 5 April 2024 |
| Finalization of Basis of Allotment | 8 April 2024 |
| Initiation of refunds | 10 April 2024 |
| Transfer of shares to demat accounts | 10 April 2024 |
| Bharti Hexacom IPO Listing Date | 12 April 2024 |
| Opening Price on NSE | INR 755 per share (up 32.46%) |
| Closing Price on NSE | INR 813.30 per share (up 42.68%) |
Bharti Hexacom IPO Reviews – Subscribe or Avoid?
Ajcon Global Services – Subscribe for long term
Ashika Research – Not Rated
AUM Capital – Subscribe
BP Wealth – Subscribe
Capital Market – Neutral
Canara Bank Securities – Subscribe for listing gains
Choice Broking – Subscribe
Elite Wealth – Avoid
GEPL Capital – Avoid
Hem Securities – Subscribe for long term
Jainam Broking – Subscribe for long term
Marwadi Financial – Subscribe
Nirmal Bang – Subscribe for long term
SMIFS Limited – Subscribe for long term
Sushil Finance – Neutral
Samco Securities – Avoid
SBI Securities – Not Rated
SMC Global – 3/5
Ventura Securities – Subscribe
Way2Wealth Securities – Subscribe
Bharti Hexacom Offer Lead Manager
ICICI SECURITIES LIMITED
4th Floor, ICICI Venture House, Appasaheb Marathe Marg
Prabhadevi, Mumbai 400 025, Maharashtra
Phone: +91 22 6807 7100
Email:Â [email protected]
Website:Â www.icicisecurities.com
Bharti Hexacom Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel:Â +91 40 6716 2222/ 18003094001
E-mail:Â [email protected]
Website:Â www.kfintech.com
Bharti Hexacom Contact Details
BHARTI HEXACOM LIMITED
Bharti Crescent, 1, Nelson Mandela Road,
Vasant Kunj, Phase II, New Delhi 110 070
Phone:Â 011-46666100
Email:Â [email protected]
Website: www.bhartihexacom.in
Bharti Hexacom IPO FAQs
How many shares in Bharti Hexacom IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.
How to apply for Bharti Hexacom Public Offer?
The best way to apply for Bharti Hexacom’s public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Bharti Hexacom IPO GMP today?
Bharti Hexacom IPO GMP today is INR 93 per share.
What is Bharti Hexacom kostak rate today?
Bharti Hexacom kostak rate today is INR NA per application.
What is Bharti Hexacom Subject to Sauda rate today?
Bharti Hexacom’s subject-to- Sauda rate today is INR 2,200 per application.
