The Bharti Hexacom IPO date has been confirmed from April 3, 2024, and closes on April 5, 2024. Read the post to learn about Bharti Hexacom IPO GMP.
Buckle up because we’ve got some exciting news hitting the investment streets! Bharti Hexacom Developers is about to shake things up with a mind-blowing Rs 4,275.00 crores up for grabs in their IPO. They’ve set the stage with a price band ranging from ₹542 to ₹570 per share. Bharti Hexacom IPO GMP Today is ₹52. Now, if you’re thinking of diving into the action, here’s the lowdown: for the retail crew, you’ll need at least 26 shares to play, which translates to a minimum investment of ₹14,820. And for our seasoned investors, it’s a tad steeper – sNII folks gotta roll in with 14 lots (364 shares), totaling ₹207,480, while bNII players need to bring in 68 lots (1,768 shares), amounting to ₹1,007,760.
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Bidding Dates
April 3-5
Price Range
₹542 to ₹570 per share
Face Value
₹5 per share
GMP
₹37
Bharti Hexacom IPO GMP
The Bharti Hexacom IPO GMP Today is ₹37.
IPO Overview
Now, mark your calendars because the Bharti Hexacom IPO subscriptions kick off on April 3, 2024, and wrap up on April 5, 2024. Keep those fingers crossed because we’re hoping to hear the allocation news drop by Monday, April 8, 2024, with a tentative listing date set for Friday, April 12, 2024, on both BSE and NSE.
Bharti Hexacom IPO Details
| IPO Date | April 3, 2024 to April 5, 2024 |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Price Band | ₹542 to ₹570 per share |
| Lot Size | 26 Shares |
| Total Issue Size | 75,000,000 shares (aggregating up to ₹4,275.00 Cr) |
| Offer for Sale | 75,000,000 shares of ₹5 (aggregating up to ₹4,275.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 500,000,000 |
| Share holding post issue | 500,000,000 |
Bharti Hexacom Limited Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 19,603.00 | 18,252.90 | 16,674.30 | 15,003.50 |
| Revenue | 5,420.80 | 6,719.20 | 5,494.00 | 4,704.30 |
| Profit After Tax | 281.80 | 549.20 | 1,674.60 | -1,033.90 |
| Net Worth | 3,978.80 | 3,972.20 | 3,573.20 | 1,898.70 |
| Reserves and Surplus | 4,166.10 | 3,959.50 | 3,410.50 | 1,736.00 |
| Total Borrowing | 6,253.00 | 6,269.30 | 7,198.30 | 5,975.20 |
| Amount in ₹ Crore | ||||
Bharti Hexacom IPO Timeline
| IPO Open Date | Wednesday, April 3, 2024 |
| IPO Close Date | Friday, April 5, 2024 |
| Basis of Allotment | Monday, April 8, 2024 |
| Initiation of Refunds | Wednesday, April 10, 2024 |
| Credit of Shares to Demat | Wednesday, April 10, 2024 |
| Listing Date | Friday, April 12, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 5, 2024 |
Company Profile
So, what’s the story with Bharti Hexacom? These folks have been in the game since 1995, serving up fixed-line and broadband services to folks in Rajasthan and the Northeast regions of India. They’ve got a solid footprint in states like Rajasthan, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura. To keep ahead of the curve, they’ve pumped a hefty ₹206 billion into digital infrastructure by December 31, 2023. As of December 31, 2023, they were rocking a whopping 27.1 million subscribers across 486 census localities.
Talk about making waves! With a distribution network spanning 89,454 retail touchpoints and 616 distributors, and a solid base of 19,144 thousand data clients, mostly cruising on 4G and 5G networks, they’re a force to be reckoned with. So, if you’re ready to ride the IPO wave, keep those eyes peeled for Bharti Hexacom!
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | bhl.ipo@kfintech.com |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Bharti Hexacom Limited |
| Phone number | 011-46666100 |
| Email ID | bhartihexacom@bharti.in |
| Website | bhartihexacom.in |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
