Bharti Hexacom Limited IPO : Key Updates

Bharti Hexacom Limited IPO is set to launch on 3 April, 2024. The company initiated its business operations in the year 1995. It is involved in the business of providing broadband services and telephone lines to customers in the region of North East and Rajasthan. Its services are also given in the states of Manipur, Arunachal Pradesh, Mizoram, Meghalaya, Tripura and Nagaland. It has invested a total of 206 Billion rs in infrastructure till date and has a customer base of 27.1 million people in 486 towns.The company has 89454 touchpoints and 616 distributors. It also has 19144 customers with 18839 using 4G and 5G data.

Bharti Hexacom Limited IPO DETAILS

Bharti Hexacom Limited IPO is set to launch on 3 April, 2024. The subscription timeline extends till 5 April, 2024. The size for the IPO is 4275 Crore Rs. No shares are issued through fresh issue mode. Shares issued through offer for sale mode are worth Rs 4275 Crore. The lot size is 26 shares and the price is 542 Rs to 570 Rs per share. The company is going to get listed at both NSE and BSE. The face value per share is Rs. 5 and this is a Book Built issue. The registrar for the company is KFin Technologies Limited.

Tabular Description of Bharti Hexacom Limited IPO 

Bharti Hexacom Limited IPO : IMPORTANT DATES

Bharti Hexacom Limited IPO begins for subscription from 3 April, 2024. The IPO subscription would continue till 5 April, 2024. The allotment status for the shareholders who applied would come on 8 April, 2024. The refunds for the ones who did not get allotment would be initiated on 10 April, 2024. The DEMAT accounts of shareholders would be credited on 10 April, 2024. The listing of the company would be completed on 12 April, 2024.

Bharti Hexacom Limited IPO : Lead Managers

The lead managers are :

• Axis Capital Limited
• SBI Capital Markets Limited
• IIFL Securities Limited
• ICICI Securities Limited
• BOB Capital Markets Limited

The minimum lot size for the company is decided at 26 shares. This holding accounts to 14820 Rs.. The maximum lot size is decided at 338 shares. This amounts to 192660 Rs.. Hence the company’s final holdings would be set as :

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.

COMPANY FINANCIALS

Bharti Hexacom Limited had an asset base of 15003 Crore Rs in the year 2021 which increased to 16674 Crore Rs in the year 2022. The asset base of the company in the year 2023 was 18252 crore Rs. The revenue of the firm was 4704 Crore Rs in 2021 which increased to 5494 Crore Rs in the year 2022 and 6719 C5ore Rs in the year 2023. The firm suffered a loss of 1033 Crore Rs in 2021. Then in 2022 the profit of the company was 1674 Crore Rs and this decreased to 549 Crore Rs in the year 2023.

PROS

• Its services are also given in the states of Rajasthan, Manipur, Arunachal Pradesh, Mizoram, Meghalaya, Tripura and Nagaland. 
• It has invested a total of 206 Billion rs in infrastructure till date and has a customer base of 27.1 million people in 486 towns.
• The company has 89454 touchpoints and 616 distributors. It also has 19144 customers with 18839 using 4G and 5G data.

Bharti Hexacom Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the Bharti Hexacom Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.