As of April 2nd, 2024, Bharti Hexacom’s IPO has ₹39 as Grey Market Premium, with a price band ₹542 to ₹570 per share. Offering lots of 26 shares, the subscription window is open from April 3, 2024 to April 5, 2024
Bharti Hexacom Limited GMP Today
The Grey Market Premium (GMP) for Bharti Hexacom Limited is ₹39 as of April 2, 2024. This assessment coincides with a price band of ₹542 to ₹570 per share for the IPO.
Bharti Hexacom Limited IPO Review
Bharti Hexacom Limited’s IPO analysis shows complex results. While their revenue rose from ₹54,052 million in March 2022 to ₹65,790 million in March 2023, their profit after tax plunged from ₹16,745 million to ₹2,816 million by December 2023. The debt-equity ratio also fell, reflecting a shift away from debt financing.
However, the company faces challenges: a significant drop in profitability and a decreased return on net worth from 46.87% to 7.08%. Their assets grew, indicating expansion, but their current ratio and net profit ratio both declined, raising concerns about liquidity and profitability.
Bharti Hexacom Limited IPO Date
Bharti Hexacom Limited will start accepting subscriptions on April 3, 2024, to April 5, 2024
Bharti Hexacom Limited IPO Price
Bharti Hexacom Limited price range is between ₹542 to ₹570 per share with a face value of ₹5 each.
Bharti Hexacom Limited
Bharti Hexacom, operating under the ‘Airtel’ brand, offers mobile, fixed-line, and broadband services in Rajasthan and India’s North East regions. With significant investments of INR 206 billion in digital infrastructure by December 31, 2023, the company leads in North East with a 52.7% revenue share and holds second place in Rajasthan. Their ARPU for mobile services grew from INR 135 in Fiscal 2021 to ₹197 by December 2023.
How To Apply For Bharti Hexacom Ltd IPO?
To apply for the Bharti Hexacom through Alice Blue, follow these steps:
1. Open a Demat and Trading Account with Alice Blue if you don’t have one.
2. Access IPO details for Bharti Hexacom on the Alice Blue platform.
3. Place your bid for the desired number of shares within the IPO’s price range.
4. Confirm your information and submit your application quickly.
You can apply for the Bharti Hexacom IPO at Alice Blue in just a few clicks!