Bharti Hexacom Limited IPO Opens On April 03. Check IPO Details Issue Date Price


Bharti Hexacom Limited IPO Opens On April 03. Check IPO Details Issue Date Price

March 28, 2024
Bharti Hexacom Limited IPO Opens On April 03. Check IPO Details Issue Date Price

Bharti Hexacom Limited is coming out with a public issue to raise Rs 4275 crores from the market.

Below are the details of the Bharti Hexacom Limited IPO:

  • Issue opens – April 03 (Wednesday)
  • Issue closes – April 05 (Friday)
  • Issue size – Rs 4275 crores
  • Price band – Rs 542 to 570 per equity share
  • Bid lot – 26 shares and in multiples thereof

And here are some details of the company and further details on the IPO.

Company Details:

  • The Company was originally incorporated in 1995 as ‘Hexacom India Ltd’. In 2004, the name of the Company was changed to ‘Bharti Hexacom Ltd’ when Airtel acquired a majority equity interest in the Company. Airtel owns 70%, while the Government of India through Telecommunications Consultants India Ltd (TCIL) owns 30% of the company’s equity share capital.
  • Bharti Hexacom is 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.
  • Bharti Hexacom holds telecommunication licenses and spectrum in its two circles.  It has spectrum portfolio with varied pool of mid band spectrum (1800/2100/2300 MHz bands). None of the existing spectrum expires before the year 2030, and the validity of the spectrum pool ranges between the years 2030 and 2042.
  • The company’s revenue market share in the North-East circle was 52.7% and in the Rajasthan circle it was 40.4% during the nine months ended December 31, 2023. In North-East Circle, it was number one during the nine months ended December 31, 2023, and Fiscals 2023 and 2022, while in Rajasthan Circle it was at second position during the nine months ended December 31, 2023.
  • Bharti Hexacom was present at 486 census towns and had an aggregate of 27.1 million customers across both the circles. The company’s customer market share has grown consistently in Rajasthan from 33.1% as of March 31, 2021, to 35.0% as of December 31, 2023, and in the North-East from 43.6% to 49.8% during the same period.
  • The company has increased its ARPU for mobile services from Rs. 135 for Fiscal 2021 to Rs. 155 for Fiscal 2022 to Rs. 185 for Fiscal 2023 and to Rs. 197 for the nine months ended December 31, 2023.
  • The company utilized 24,874 network towers, of which it owned 5,092 towers and leased the remaining 19,782 towers, as of December 31, 2023. Over the years, the company successfully re-farmed 2100Mhz spectrum and deployed it for 4G to enhance network capacity and improve user experience.

Issue Size: Rs. 4275 crores

Issue Break-Up:

QIB – 75% of the offer – Rs 3206.25 crores

NIB – 15% of the offer – Rs 641.25 crores

RET – 10% of the offer – Rs 427.50 crores

Listing: BSE and NSE

Registrar: Kfin Technologies Limited

UPI: All Retail & NII bidders' (bids up to Rs. 5,00,000) applications through brokers are compulsorily in UPI Mode.


Application made using third-party UPI or ASBA Bank A/c are liable to be rejected.

The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs 5,00,000) shall expire at 5 PM on the closing day of the IPO i.e. Friday, April 05, 2024

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