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.

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Bharti Hexacom Ltd. 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

4,275.00 Cr.

Issue Type

Book Built

Open

2024-04-03

Close

2024-04-05

Listing price

₹ 755

Listing Gain

32.46%

Listing Date

2024-04-12

CMP

₹ 1608

Current Return

182.11%

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 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Net Sales 5405.2 6579 7088.8 8547.9 9353.8
Total Expenditure 3596.2 3793.3 3727.6 4350.7 4463.4
Operating Profit 1809 2785.7 3361.2 4197.2 4890.4
Other Income 93.8 140.2 249.6 181.8 223.8
Interest 571.8 638.8 645.3 688.3 601.2
Depreciation 1441 1553.3 1739.2 2094.5 2213.2
Exceptional Items 1951.1 0 -303 212.6 -33.7
Profit Before Tax 1841.1 733.8 923.3 1808.8 2266.1
Provision for Tax 166.5 184.6 418.9 315.2 532.9
Net Profit 1674.5 549 504.4 1493.6 1733.2
Adjusted EPS (Rs.) 3.35 1.1 1.01 2.99 3.47

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity and Liabilities
Share Capital 250 250 250 250 250
Total Reserves 3410.5 3959.5 4388.7 5682.1 6915.2
Borrowings 4807.8 4729.9 2792.4 2652.2 2415.7
Other N/C liabilities 1079.6 2408.5 2677.3 2803.4 2555.2
Current liabilities 6179 6142.1 7551.2 6841.3 5919.6
Total Liabilities 15726.9 17490 17659.6 18229 18055.7
Assets
Net Block 10233.6 11174.1 13615 14732.9 14038.4
Capital WIP 64.1 456.3 196.9 297.3 476.1
Intangible WIP 0 1479.7 247.6 0 0
Investments 0 0 0 0 0
Loans & Advances 613.3 524.8 361 547.7 612.1
Other N/C Assets 793.6 957.5 841.9 732.8 704.1
Current Assets 4022.3 2897.6 2397.2 1918.3 2225
Total Assets 15726.9 17490 17659.6 18229 18055.7
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Other Income 47.8 47.5 61.2 37.5 77.6
Profit Before Tax 513.2 526.8 564.1 569 606.2
Tax 44.8 135.2 142.9 95.3 159.5
Profit After Tax 468.4 391.6 421.2 473.7 446.7
Adjusted EPS (Rs) 9.37 7.83 8.42 9.47 8.93

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2026 70 0
Mar 2026 70 0
Dec 2025 70 0
Sep 2025 70 0
Jun 2025 70 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Profit from operations 1841.1 733.8 923.3 1808.8 2266.1
Adjustment 2030.5 2196.3 2570.5 2562.2 2826
Changes in Assets & Liabilities -2598.8 2198 69.7 886.3 105.1
Tax Paid -14.8 -19.7 -17.4 -674.7 -733.2
Operating Cash Flow 1258 5108.4 3546.1 4582.6 4464
Investing Cash Flow -1382.5 -2030.9 -1155.1 -2340.6 -2010.2
Financing Cash Flow 183.1 -3111.4 -2403.6 -2264.7 -2437.9
Net Cash Flow 58.6 -33.9 -12.6 -22.7 15.9
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