Bhatia Communications IPO

Bhatia Communications IPOBusiness description – Bhatia Communications is engaged into retail and wholesale distribution business of mobile handsets, tablets, data-cards, mobile accessories, mobile related products etc. The company sells smart mobile handsets of all the brands including Apple I-Phone, Samsung, OPPO, GIONEE, VIVO etc, mobile related products, tablets, data cards, accessories under one roof through self-owned 72 retail outlets chain located all over the South Gujarat region including Surat, Vapi, Valsad, Navsari, Vyara etc. It also sells cellular mobile devices and accessories of all brands through its 24 franchisee retail chain dealers located in the South Gujarat region.

The company also provides credit/EMI facilities to its customers for buying products for which it has tied up with major leading credit houses like Bajaj Finserv, Capital First etc. The company also provides after sale services related to mobile handsets and tablets in its retail and franchisee outlets.

Promoters of Bhatia Communications – Mr Sanjeev Bhatia, Mr Nikhil Bhatia and Mr Harbanslal Bhatia
Bhatia Communications IPO details
Subscription Dates 8 – 12 February 2018
IPO Price band INR150 per share
Fresh issue 1,400,000 shares (INR21.00 crore)
Offer for sale 250,000 shares (INR3.75 crore)
Total IPO size 1,650,000 shares (INR24.75 crore)
Minimum bid (lot size) 1,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform
Use of funds
  • Working capital requirements – INR15.5 crore
  • General corporate purposes – INR5 crore
Bhatia Communications’ financial performance (in INR crore)
FY2013 FY2014 FY2015 FY2016 FY2017 H1 FY2018
Total revenue 74.3 104.1 110.6 96.1 133.5 85.2
Total expenses 73.9 103.6 110.0 95.6 132.8 83.3
Profit after tax 0.2 0.4 0.3 0.3 0.5 1.3
Bhatia Communications’ Contact Details

Bhatia Communications & Retail (India) Limited
132, Dr. Ambedkar Shopping Centre
Ring Road
Surat, Gujarat – 395 002

Phone: +91 0261 2349 892
Email: [email protected]

Bhatia Communications IPO Subscription Details
Day Subscription (no. of times)
Day 1 0.41
Day 2 0.73
Day 3 1.28
Bhatia Communications Valuation (Latest FY)

Earnings Per Share (EPS): INR0.98 (adjusted for bonus shares)

Price/Earnings (P/E) ratio: 153.06

Return on Net Worth (RONW): 20.91%

Net Asset Value (NAV): INR68.90 per share

Registrar of Bhatia Communications IPO

Purva Sharegistry India Private Limited
Unit no. 9, Shiv Shakti Industrial Estate,
JR Boricha Marg, Lower Parel (E)
Mumbai – 400 011

Phone: +91 22 2301 6761
Fax: +91 22 2301 2517
Email[email protected]

Bhatia Communications IPO Allotment Status

Bhatia Communications IPO allotment status is now available on Purva Sharegistry’s website. Click on this link to get allotment status.

Listing performance of Bhatia Communications

IPO Opening Date: 7 February 2018

IPO Closing Date: 12 February 2018

Listing Date: 21 February 2018

Listing Price on BSE SME: INR153.95 per share (up 2.63% from IPO price)

Closing Price on BSE SME: INR150.10 per share (up 0.07% from IPO price)


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