Business 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]
Website: www.bhatiamobile.com
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:Â [email protected]
Website: www.purvashare.com
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)
