Incorporated in 1995, Bharti Hexacom Limited provides fixed-line telephone and broadband services to customers in Rajasthan and North East telecom circles in India.
The company provides services in states such as Rajasthan and Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura. ;
By December 31, 2023, the company has invested ₹206 billion in digital infrastructure capital expenditures to be future-ready.
As of December 31, 2023, the company has 27.1 million customers across 486 census towns.
As of December 31, 2023, there were 616 distributors and 89,454 retail touchpoints in the distribution network.
As of December 31, 2023, the company had 19,144 thousand data customers, out of which 18,839 thousand were 4G and 5G customers.
| Purpose | Amount (₹ Cr) |
|---|---|
| To carry out the Offer for Sale of up to 75,000,000 Equity Shares by the Selling Shareholder; and | — |
| Achieve the benefits of listing the Equity Shares on the Stock Exchanges. | — |
| Metric | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Total Assets | 19,603 | 18,253 | 16,674 |
| Revenue | 5,421 | 6,719 | 5,494 |
| PAT | 282 | 549 | 1,675 |
| Net Worth | 3,979 | 3,972 | 3,573 |
| Reserves | 4,166 | 3,960 | 3,411 |
| Total Borrowing | 6,253 | 6,269 | 7,198 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 56,250,000 (75%) | — |
| NII / HNI | — | 11,250,000 (15%) | — |
| Retail (RII) | — | 7,500,000 (10%) | — |
| Total | — | 75,000,000 (100%) | — |
* Amount calculated at upper price band (₹570) · ** Total includes all investor categories
- 1 Initiation of Refund 10 Apr 2024
- 2 Credit of Shares to Demat 10 Apr 2024
- 3 Lock-in Period (30%) May 8, 2024
- 4 Lock-in Period (50%) July 7, 2024
- Retail allocation is weak at 10% of the total offering.
- HNI/NII demand is good at 15%.
- Institutional (QIB) interest is strong at 75%.
- The IPO P/E of 76x reflects a weak valuation relative to typical market ranges.
- Pre-issue EPS of ₹11 compares to post-issue EPS of ₹8 after dilution.
This IPO has relatively lower interest or stretched valuation. Proceed with thorough research and caution.
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