Bharti Hexacom Ltd. IPO

Bharti Hexacom, India's telecom titan, connects lives across Rajasthan and the North East. Renowned for their 'Airtel' brand, they offer high-speed mobile, broadband, and fixed-line services. Their strategy focuses on premiumization, attracting quality customers through digital offerings like 'Airtel Black' family plans and data-driven experiences. This strategic approach has boosted revenue market share for three years straight. Bharti Hexacom invests heavily in network expansion, boasting a future-ready digital infrastructure with over 23,000 towers. Backed by the might of parent company Airtel, they leverage extensive digital experience and services to stay ahead. With a growing customer base and data consumption soaring, Bharti Hexacom connects homes and businesses, powering a brighter digital future in the region.

RHP
View
DRHP
View
Open Date

2024-04-03

Close Date

2024-04-05

IPO Details

Check out the issue details for Bharti Hexacom Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 570

Price Band

₹ 542 - 570

Issue Size

4275 Cr.

Issue Type

Book Built

Open

2024-04-03

Close

2024-04-05

Listingprice

₹ 755

ListingGain

32.46%

Listing Date

2024-04-12

CMP

₹ 868.65

Current Return

52.39%

Company Financials

You can get the following financial statements of Bharti Hexacom Ltd. as of now.

Subscription Details

The details about the Bharti Hexacom Limited IPO is as:

  • The issue size of Bharti Hexacom Limited IPO is 4275 Cr.
  • The price band for Bharti Hexacom Limited IPO is Rs 542 to Rs 570.
  • The shares of Bharti Hexacom Limited IPO will list on 12th April 2024.
  • The latest tentative GMP of Bharti Hexacom Limited IPO is Rs 50.
  • The shares of Bharti Hexacom Limited IPO is subscribed 29.88 Times as of 5th April 2024.

 

Bharti Hexacom Limited IPO Valuation

The approx valuation of Bharti Hexacom Limited IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 570
Existing Shares (Qty) 50 Cr
Market Cap 28,500 Cr
EPS (FY23) Rs 10.98
PE Ratio 51.91x
Industry PE 40.27x

 

Bharti Hexacom Limited IPO Issue Size

Bharti Hexacom Limited IPO issue size is 4275 Cr

Issue Amount
Fresh Issue 0 Cr
Offer For Sale 4275 Cr

 

Bharti Hexacom Limited IPO Market Lot

An Individual can apply for a minimum 1 lot of shares and a maximum of 13 lots of 338 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 26 14,820
 Maximum 13 338 1,92,660

 

Bharti Hexacom Limited IPO share offer

The shares of Bharti Hexacom Limited IPO is subscribed 29.88 Times as of 5th April 2024. The category-wise shares offered are as follows:

Category % Offered Subscription
Qualified Institutional Minimum 75% 48.57 Times
Non-Institutional Maximum 15% 10.52 Times
Retail Individual Maximum 10% 2.83 Times
Total   29.88 Times

Allotment Details

Find below the dates for Bharti Hexacom Limited IPO:

Schedule Date
Basis of Allotment 8 April 2024
Refunds 10 April 2024
Credit to Demat Account 10 April 2024
IPO Listing Date 12 April 2024

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 3613.6 3874.1 4602.3 5405.2 6579
Total Expenditure 3598.7 3399.3 3549.9 3596.2 3793.3
Operating Profit 14.9 474.8 1052.4 1809 2785.7
Other Income 13.6 53.4 149.1 93.8 140.2
Interest 247.5 526 563.7 571.8 638.8
Depreciation 1008.7 1249.7 1285.2 1441 1553.3
Exceptional Items 104.9 -2187.3 -341.7 1951.1 0
Profit Before Tax -1122.8 -3434.8 -989.1 1841.1 733.8
Provision for Tax -400.8 -718.3 44.8 166.5 184.6
Net Profit -722 -2716.5 -1033.9 1674.5 549
Adjusted EPS (Rs.) -1.44 -5.43 -2.07 3.35 1.1

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 250 250 250 250 250
Total Reserves 5517.6 2770 1736 3410.5 3959.5
Borrowings 0 1044.6 3692.6 4807.8 4729.9
Other N/C liabilities -70.9 390.1 719.6 1079.6 2408.5
Current liabilities 5249.4 9818.6 7488.7 6179 6142.1
Total Liabilities 10946.1 14273.3 13886.9 15726.9 17490
Assets
Net Block 9226.4 9873.8 10303.7 10233.6 11174.1
Capital WIP 161.9 110.4 70.7 64.1 456.3
Intangible WIP 0 0 0 0 1479.7
Investments 0 0 0 0 0
Loans & Advances 529.4 580 632.1 493.6 524.8
Other N/C Assets 27.9 669.1 860.9 913.3 957.5
Current Assets 1000.5 3040 2019.5 4022.3 2897.6
Total Assets 10946.1 14273.3 13886.9 15726.9 17490
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations -1122.8 -3434.8 -989.1 1841.1 733.8
Adjustment 1204.8 3915.1 2140.6 2030.5 2196.3
Changes in Assets & Liabilities 498 -774.3 399.2 -2598.8 2198
Tax Paid -87.4 -21.9 -33.5 -14.8 -19.7
Operating Cash Flow 492.6 -315.9 1517.2 1258 5108.4
Investing Cash Flow -1165.7 -1075.6 -882.5 -1382.5 -2030.9
Financing Cash Flow 559.5 1864.2 -604.2 183.1 -3111.4
Net Cash Flow -113.6 472.7 30.5 58.6 -33.9
X