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

Company Financials

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

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

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 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 3874.1 4602.3 5405.2 6579 7088.8
Total Expenditure 3399.3 3549.9 3596.2 3793.3 3727.6
Operating Profit 474.8 1052.4 1809 2785.7 3361.2
Other Income 53.4 149.1 93.8 140.2 249.6
Interest 526 563.7 571.8 638.8 645.3
Depreciation 1249.7 1285.2 1441 1553.3 1739.2
Exceptional Items -2187.3 -341.7 1951.1 0 -303
Profit Before Tax -3434.8 -989.1 1841.1 733.8 923.3
Provision for Tax -718.3 44.8 166.5 184.6 418.9
Net Profit -2716.5 -1033.9 1674.5 549 504.2
Adjusted EPS (Rs.) -5.43 -2.07 3.35 1.1 1.01

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 250 250 250 250 250
Total Reserves 2770 1736 3410.5 3959.5 4388.7
Borrowings 1044.6 3692.6 4807.8 4729.9 2792.4
Other N/C liabilities 390.1 719.6 1079.6 2408.5 2677.3
Current liabilities 9818.6 7488.7 6179 6142.1 7551.2
Total Liabilities 14273.3 13886.9 15726.9 17490 17659.6
Assets
Net Block 9873.8 10303.7 10233.6 11174.1 13615
Capital WIP 110.4 70.7 64.1 456.3 196.9
Intangible WIP 0 0 0 1479.7 247.6
Investments 0 0 0 0 0
Loans & Advances 580 647.6 613.3 524.8 361
Other N/C Assets 669.1 845.4 793.6 957.5 841.9
Current Assets 3040 2019.5 4022.3 2897.6 2397.2
Total Assets 14273.3 13886.9 15726.9 17490 17659.6
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2024 Jun 2024 Sep 2024
Other Income 48.7 39.9 49.1
Profit Before Tax 301 576.8 339.5
Tax 78.4 65.6 86.4
Profit After Tax 222.6 511.2 253.1
Adjusted EPS (Rs) 4.45 10.22 5.06

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 70 0
Jun 2024 70 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations -3434.8 -989.1 1841.1 733.8 923.3
Adjustment 3915.1 2140.6 2030.5 2196.3 2570.5
Changes in Assets & Liabilities -774.3 399.2 -2598.8 2198 69.7
Tax Paid -21.9 -33.5 -14.8 -19.7 -17.4
Operating Cash Flow -315.9 1517.2 1258 5108.4 3546.1
Investing Cash Flow -1075.6 -882.5 -1382.5 -2030.9 -1155.1
Financing Cash Flow 1864.2 -604.2 183.1 -3111.4 -2403.6
Net Cash Flow 472.7 30.5 58.6 -33.9 -12.6
X