loader2
Partner With Us NRI
IPOLogoImage

Bharti Hexacom IPO

14,820
Minimum Investment

Price Range (₹)

Rs. 542 –Rs. 570

Issue Size (₹ in Cr.)

Up to 4,275 Cr

Minimum Quantity

26 Shares

Bidding Period

Apr 3 – Apr 5, 2024
  Prospectus Document: Download Now
Open An Account

Bharti Hexacom IPO Issue timeline

Open Free Trading Account Online with ICICIDIRECT

Incur '0' Brokerage upto ₹500

About the Bharti Hexacom IPO

-  A communications solutions provider offering consumer mobile services, fixed-line telephone and broadband services under the brand ‘Airtel’

- Provides services to customers in the Rajasthan and the North East telecommunication circles in India, which comprises the states of Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura.

-They were at number one position in the North East circle during the six months ended September 30, 2023 and Fiscals 2023 and 2022.

Read More

Strengths

Established Leadership and Large Customer Base
As of September 30, 2023, they were present in 486 census towns and had an aggregate of 29.1 million customers. As of the same date, their customer base included 18,592 thousand data customers, of which 18,270 thousand were 4G and 5G customers, and the customers consumed approximately 22.8 GB of data per customer per month during the six months ended September 30, 2023. (source: CRISIL Report)

Presence in Markets with High Growth Potential
Rajasthan had a teledensity of 79.5% as of Fiscal 2023, which lags the national average of 84.5% due to its lower rural teledensity of 57.2%. Rajasthan’s customer base is expected to grow at 1% to 1.5% between Fiscals 2023 and 2028 with a teledensity of 82% to 83% following pan-India trends with rising rural teledensity. The North East circle had a teledensity of 79.7% as of Fiscal 2023 due to the limited penetration of wireline services given the region’s hilly terrain and extreme weather conditions. The region is also receiving special attention from the Government towards infrastructure improvement (Source: CRISIL Report)

Strong Parentage and Established Brand
Airtel owns 70% of the company's outstanding equity share capital. Airtel is a global communications solutions provider with over 500 million customers in 17 countries across South Asia and Africa. They derive significant synergies from relationship with Airtel and its affiliates, including through Indus Tower’s infrastructure, inter circle roaming arrangements, its national long distance network and corporate functional support. (Source: Company DRHP)

Risks

Dependent on a limited number of vendors to supply critical network
Their principal vendors and suppliers provide network equipment and related services and site infrastructure for operations. While they have supply and services agreements with key suppliers and vendors, they cannot assure that they will be able to obtain satisfactory equipment and services as per expectations. Any material breach or non-compliance by their vendors could have an adverse effect on business and results of operations (Source: Company DRHP)

They have incurred losses in the past and may not achieve or sustain profitability in the future.
They have, in the past, incurred loss in their operations. In Fiscal 2021, their revenue and profitability were impacted by low average revenue per user ("ARPU"), which was addressed by a tariff hike in November 2021.If they are ultimately unable to generate sufficient revenue to meet financial targets, reduce costs, remain profitable and have sustainable positive cash flows, they could incur losses in future. (Source: Company DRHP)

Financials

  • Net Worth
  • Total Income
  • Total Borrowings
  • Restated Profit/Loss
  • Basic Earning Per Share

Industry Trends

- China and India are the top two telecom markets by customer base: China is the largest telecom market, with 1,781 million wireless customers as of 2022. India follows with 1,143 million wireless customers as of 2022. India has emerged as one of the five fastest-growing wireless telecom markets, with its customer base clocking 2.9% CAGR between calendar years 2013 and 2022. However, at 82.6 as of 2022, India’s wireless customers per 100 people is the lowest among the top five wireless markets as well as among emerging markets, indicating potential for further growth


- Mobile data traffic has increased exponentially in the last 10 years: Growth in the digital economy has encouraged people to rely more on digital applications for commonplace activities, leading to rise in mobile users and data consumption. Overall mobile customers' growth has been in the range of 2-4% CAGR across regions during the last ten years. However, growth was higher during the pandemic. Global mobile traffic per customer increased from 0.6 GB/customer/month in 2013 to 21.0 GB/customer/month in 2023, logging 35x growth in data consumption.

Subscription Status

Retail Individual Investor
Non-Institutional Investor
Qualified Institutional Buyers
Overall

Why invest in IPO through ICICIdirect

Paperless

Applications

Hassle-free

refunds

Convenient investments

within a few clicks
Multiple modes

of application

Follow 3 simple steps TO APPLY IPO

  • Directly from Bank A/c

    For ICICI Bank linked A/c

  • Using UPI

    For non ICICI Bank A/c

  • lock-in of 3 years
    Select IPO

    Go to the IPO section, select the IPO you want to apply from the list and click on ‘Apply’.

  • lock-in of 3 years
    Fill in the required details

    Fill in the quantity of the number of shares you want to buy. To apply at maximum price, check the cut-off price box and amount is auto calculated. If you want to apply at some other price within the price band, then you can enter the price manually by clicking on “Add bid” option.

  • lock-in of 3 years
    Confirm your request

    Click on proceed to confirm the order. You can view the placed order under “order book”.

stepstoapplyiponew1
stepstoapplyiponew2
stepstoapplyiponew3
  • lock-in of 3 years
    Select IPO

    Choose the IPO you want to apply from the list. Click on Apply.

  • lock-in of 3 years
    Fill in the required details

    Fill in the quantity of shares. To apply at maximum price, check the cut-off price box and amount is auto calculated. If you want to apply at some other price within the price band, then you can enter the price manually by clicking on “Add bid” option.

  • lock-in of 3 years
    Confirm your request

    Check the A/C, UPI details and click on proceed. You will get an UPI link by which payment can be made.

stepstoapplyiponew1
stepstoapplyiponew5
stepstoapplyiponew4

Features & Benefits ICICIdirect

Trusted by

75 lakh+

customers

45+

Investments & Liability Products

One Click

Investment Basket

Access to

Award-winnin

Bharti Hexacom IPO FAQs

The lot size is 26 shares and minimum investment required is Rs.14,820 for Bharti Hexacom IPO

Bharti Hexacom IPO is mainboard IPO of issue size up to Rs.4,275 Crores

Bharti Hexacom IPO issue dates are from 03rd – 05th Apr, 2024

The allotment date is 08th Apr, 2024 and listing date is 12th Apr, 2024 for Bharti Hexacom IPO

Head to IPO section on ICICI Direct website and select Bharti Hexacom IPO. Enter and submit bid details and then click on proceed to apply once details are verified. It’s that simple!!

The price band of Bharti Hexacom IPO is Rs.542 – Rs.570

The book runners for the Bharti Hexacom IPO are ICICI Securities Ltd, SBI Capital Markets Ltd, Axis Capital Ltd, Bob Capital Markets Ltd, IIFL Securities Ltd

The objectives of Bharti Hexacom IPO are (i) to carry out the Offer for Sale of up to 75,000,000 Equity Shares by the Selling Shareholder; and (ii) achieve the benefits of listing the Equity Shares on the Stock Exchanges

Download App

Download Our App

Play Store App Store
market app
 

Disclaimer – I ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is acting as a distributor to solicit bond related products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein mentioned are solely for informational and educational purpose.