They are 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. They offer their services under the brand Airtel
They have a distinct strategy to premiumise their portfolio by acquiring and retaining quality customers and delivering an experience to them through their omnichannel approach and use of data science. They have a gamut of digital offerings to enhance customer engagement and differentiated customised offerings through family and converged plans under the Airtel Black proposition, which has resulted in the continuous improvement of their revenue market share during the last three Fiscals.
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. Growth of the market as a whole can help players like Bharti Hexacom.
Bharti Hexacom Ltd IPO Details
Bharti Hexacom Ltd IPO Date
Bharti Hexacom IPO is open from April 3, 2024 to April 5, 2024. The IPO will be listed on BSE and NSE.
Bharti Hexacom Ltd IPO Price Band
Bharti Hexacom is a book-built issue. The price band is set at ₹542 to ₹570 per share.
Bharti Hexacom Ltd IPO Lot Size
The Bharti Hexacom Ltd IPO lot size is 26 shares.
Bharti Hexacom Ltd IPO Objectives
The Bharti Hexacom IPO is a solely OFS IPO and its net proceeds will go to the selling shareholders.
Peer Details
The following are the listed peers of Bharti Hexacom:
- Bharti Airtel Limited
- Vodafone Idea Limited
How To Check the Allotment Status of the Bharti Hexacom Ltd IPO?
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Contact Details of Bharti Hexacom Ltd
Registered office: Bharti Crescent, 1, Nelson Mandela Road, Vasant Kunj, Phase II, New Delhi 110 070, India.
Phone: 011-46666100
E-mail: bhartihexacom@bharti.in
IPO Financials
| Particulars | Year Ending on March 31, 2023 | Year ending on March 31, 2022 | Year ending on March 31, 2021 |
|---|---|---|---|
| Total Income (in ₹ million) | 67,192 | 54,940 | 47,043 |
| Profit/(Loss) After Tax (in ₹ millions) | 5,492 | 16,746 | (10,339) |
| Return on Capital Employed | 10.72% | 4.10% | (1.58)% |
| Net Debt to EBITDA Ratio | 2.8 | 4.7 | 6.8 |
Know before investing
Strengths
2They were at the number one position in the North East circle during the 6 months ended September 30, 2023 and Fiscals 2023 and 2022. In Rajasthan, they stood at the close second position during the six months ended September 30, 2023.
Airtel owns 70% of their outstanding equity share capital. Airtel is a global communications solutions provider with over 500 million customers in 17 countries across South Asia and Africa. This helps Bharti Hexacom benefit from the economies of scale and distribution that its partner company can provide.
Risks
2They derive their revenues from providing mobile telephone services in Rajasthan and the North East circle and any unfavourable developments in such regions could adversely affect their business, results of operations and financial condition.
In the highly regulated telecommunications market, their licenses and spectrum allocations are subject to terms and conditions, ongoing review and varying interpretations, each of which may result in modification, suspension, early termination, expiry on completion of the term or additional payments, etc.
