Bharti Hexacom Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹570
Per ShareLot Size
26 Shares
Minimum Investment
₹14,820
Issue Size
₹4,275 Cr
Face Value
₹5
Per ShareIPO Type
Book Building
Retail Quota
10%
QIB Quota
75%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Bharti Hexacom Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
70%
Promoter Holding (Post-Issue)
70%
Issue Type
Book Building
ISIN
INE343G01021
About the Company
Bharti Hexacom Limited is a communications solutions provider offering consumer mobile services, fixed-line telephone and broadband 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. The Company offers its services under the brand `Airtel'. Its revenue market share for the Rajasthan circle was 40.4%, 39.2%, 39.5%, 36.7% and 32.7%, while for the North East circle was 52.7%, 52.4%, 52.5%, 48.5% and 42.0% during the nine months ended December 31, 2023 and 2022 and Fiscals 2023, 2022 and 2021, respectively.
Industry Overview
The customer base in the Rajasthan circle is expected to grow at 1.4%-1.5% CAGR between Fiscals 2023 and 2028, to reach 69.0-69.5 million, with a teledensity of 82%-83%. By Fiscal 2028, the number of internet customers is projected to reach 62.5-63.0 million from 46.9 million in Fiscal 2023, clocking a CAGR of approximately 6.0%. The customer base in the Northeast circle is expected to grow at 1.0-1.5% CAGR between Fiscals 2023 and 2028, to 13.2-13.5 million, with teledensity at 81%-82%. By Fiscal 2028, internet customers in the Northeast are projected to reach 12.5-13.5 million, at a CAGR of 6.0%-7.0%.
Company History
Bharti Hexacom Limited was originally incorporated under the Companies Act, 1956 as `Hexacom India Limited', and was issued a certificate of incorporation on April 20, 1995 and subsequently, a certificate for commencement of business by the Registrar of Companies, NCT of Delhi & Haryana at New Delhi on April 26, 1995. Subsequently, the name of the Company changed to `Bharti Hexacom Limited', pursuant to a special resolution passed by its shareholders at its extraordinary general meeting ("EGM") held on September 10, 2004 and a fresh certificate of incorporation was issued by the Registrar of Companies, NCT of Delhi & Haryana at New Delhi on December 2, 2004.
Products & Services
- Bharti Hexacom Limited is a communications solutions provider offering consumer mobile services, fixed-line telephone and broadband services.
Growth Strategy
- Grow its Revenue by Focusing on Acquiring and Retaining Quality Customers.
- Expand its Network Coverage.
- Deliver Brilliant Customer Experience through an Omnichannel Approach and Extensive Use of Data Science.
- Improve its Cost Efficiencies.
Customer Base
The Company 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.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of 75,000,000* equity shares of face value of Rs. 5 each ("Equity Shares") of Bharti Hexacom Limited (the "Company" or the "Issuer") for cash at a price of Rs. 570 per equity share ("Offer Price") aggregating to Rs. 4275.00 crores* (the "Offer") comprising an offer for sale of 75,000,000* equity shares aggregatingto Rs. 4275.00 crores* by Telecommunications Consultants India Limited ("Selling Shareholder") (the "Offer for Sale"). The offer constituted 15.00% of our post-offer paid-up equity share capital. The offer price is 114 times the face value of the equity shares.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Established Leadership and Large Customer Base in its area of operations.
- Presence in Markets with High Growth Potential.
- Strong Parentage and Established Brand.
- Building a Future Ready Network .
- Extensive Distribution and Service Network .
- We derive our revenues from providing mobile telephone services in Rajasthan and the North East circleand any unfavourable developments in such regions could adversely affect our business, results of operations and financial condition.
- There are outstanding legal proceedings involving our Promoter, in addition to our Company. Any adverse outcome in any of these proceedings may adversely affect our reputation, business, financial condition and results of operations.
- The Offer shall be undertaken under Regulation 6(2) of the SEBI ICDR Regulations.
- As of December 31, 2023, we had contingent liabilities which have not been provided for in our Restated Financial Information and could adversely affect our business, financial condition and results of operations.
- Reduction in revenue we earn for our telecom services, due to regulatory ceilings on pricing, or owing to pricing pressure, reduction in average revenue per user ("ARPU"), may have an adverse effect on our business, financial condition, results of operations and prospects.