Bharti Hexacom IPO GMP, Price, Date, Allotment

Bharti Hexacom IPO GMP

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.

Bharti Hexacom

Promoters of Bharti Hexacom – Bharti Airtel Limited

Bharti Hexacom IPO Details

Bharti Hexacom IPO Dates3 – 5 April 2024
Bharti Hexacom Issue PriceINR 542 – 570 per share
Fresh issueNIL
Offer For Sale75,000,000 shares (INR 4,065 – 4,275 crores)
Total IPO size75,000,000 shares (INR 4,065 – 4,275 crore)
Minimum bid (lot size)26 Shares (INR 14,820)
Face Value INR 5 per share
Retail Allocation10%
Listing OnBSE, NSE

Bharti Hexacom Issue Financial Performance

 FY 2021FY 2022FY 20239M FY 2024
Net income(1,033.9)1,674.6549.2281.8
Margin (%)(22.46)30.988.355.40
Figures in INR Crores unless specified otherwise

Bharti Hexacom Offer News

Bharti Hexacom Valuations & Margins

FY 2021FY 2022FY 2023 (Pre-Issue)FY 2024 (Post-Issue)*
PE ratio49.34 – 51.8972.13 – 75.85
* Calculated on the basis of annualized Profits After Tax for FY 2024
FY 2021FY 2022FY 2023
RONW (%)(54.45)46.8713.83
ROCE (%)(1.58)4.1010.72
EBITDA (%)24.7135.1243.90
*Compiled by IPO Central from Prospectus

Bharti Hexacom IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
11 April 2024932,200
10 April 2024922,000
9 April 2024851,800
8 April 2024751,500
6 April 202465
5 April 202455
4 April 202450
3 April 202443
2 April 202440
1 April 202437
30 March 202440
29 March 202442
28 March 202440
27 March 202430
26 March 202450

Bharti Hexacom IPO Subscription – Live Updates

Shares Offered22,500,00011,250,0007,500,00041,250,000
5 Apr 202448.5710.522.8329.88
4 Apr 20240.822.711.461.45
3 Apr 20240.290.360.480.34

Bharti Hexacom – Comparison With Listed Peers

CompanyPE ratioEPSRONW (%)NAVRevenue (Cr.)
Bharti Hexacom75.857.5113.8384.196,579.0
Bharti Airtel82.1614.5715.84136.72139,144.8
Vodafone Idea(1.63)(8.43)NA(15.28)42,177.2
Reliance Jio InfocommNA1.078.4348.0090,786.0

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 Date3 April 2024
IPO Closing Date5 April 2024
Finalization of Basis of Allotment8 April 2024
Initiation of refunds10 April 2024
Transfer of shares to demat accounts10 April 2024
Bharti Hexacom IPO Listing Date12 April 2024
Opening Price on NSEINR 755 per share (up 32.46%)
Closing Price on NSEINR 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

4th Floor, ICICI Venture House, Appasaheb Marathe Marg
Prabhadevi, Mumbai 400 025, Maharashtra
Phone: +91 22 6807 7100
Email[email protected]

Bharti Hexacom Offer Registrar

Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222/ 18003094001
E-mail: [email protected]

Bharti Hexacom Contact Details

Bharti Crescent, 1, Nelson Mandela Road,
Vasant Kunj, Phase II, New Delhi 110 070
Phone: 011-46666100
Email: [email protected]

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.


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