₹ 542 - ₹ 570
03-Apr-2024 - 05-Apr-2024
₹ 14820.00



03-Apr-2024 - 05-Apr-2024

₹ 542 - ₹ 570

Price Band

₹ 14820.00

Minimum Investment


Bid Lot


  • Face Value - ₹ 5/- Per Share

  • Listing at NSE BSE

  • 288,461 Application Required in Retail for 1 Time.

  • Registrar : KFin Technologies Limited

IPO Details

Offer For Sale of 7,50,00,000 Equity Shares

Category % Shares/Amount
QIB 75% 56,250,000 Shares Rs.3206.25
HNI 1 5% 3,750,000 Shares Rs.213.75 Cr @10302 Form 1X
HNI 2 10% 7,500,000 Shares Rs.427.50 Cr @ 20604 Form 1X
Retail 15% 7,500,000 Shares Rs.427.50 Cr @288462 Form 1X

SBI Capital Markets Ltd, BOB Capital Markets Ltd, ICICI Securities Ltd, IIFL Securities Ltd.

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
288462 Form 1X 10302 Form 1X 20604 Form 1X

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 26 ₹ 14,820
Retail (Upto 2 Lakh) 13 338 ₹ 192,660
S-HNI (2 Lakh to 10 Lakh) 14 364 ₹ 207,480
S-HNI (2 Lakh to 10 Lakh) 67 1742 ₹ 992,940
B-HNI (Above 10 Lakh) 68 1768 ₹ 1,007,760

IPO Timeline

  • Open Date

  • Close Date

  • Basis of Allotment Date

  • Initiation of Refunds

  • Credit Shares to Demat A/c

  • IPO Listing Date


Subscription as on
06-Apr-2024 21:27

Category Book Size Subscription No. of Times
QIB 22,500,000 ₹ 1282.50 Cr. 360,759,282 ₹ 20563.28 Cr. 16.03x
HNI (<10 LAKH) 3,750,000 ₹ 213.75 Cr. 11,070,826 ₹ 631.04 Cr. 2.95x
HNI2 (>10 LAKH) 7,500,000 ₹ 427.50 Cr. 36,995,712 ₹ 2108.76 Cr. 4.93x
RETAIL 7,500,000 ₹ 427.50 Cr. 7,717,918 ₹ 439.92 Cr. 1.03x
Total 41,250,000 416,543,738 10.10x
Category Book Size Subscription No. of Times
QIB 22,500,000 ₹ 1282.50 Cr. 360,759,282 ₹ 20563.28 Cr. 16.03x
HNI (<10 LAKH) 3,750,000 ₹ 213.75 Cr. 11,070,826 ₹ 631.04 Cr. 2.95x
HNI2 (>10 LAKH) 7,500,000 ₹ 427.50 Cr. 36,995,712 ₹ 2108.76 Cr. 4.93x
RETAIL 7,500,000 ₹ 427.50 Cr. 7,717,918 ₹ 439.92 Cr. 1.03x
Total 41,250,000 416,543,738 10.10x

*Excluding Anchor

Total No. of Application Approx : ~236890 (0.82 Appwise)

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

  • 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 ? 135 for Fiscal 2021 to ? 155 for Fiscal 2022 to ?185 for Fiscal 2023 and to ? 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.
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Competitive Strength 

  • Established Leadership and Large Subscriber Base;

  • Presence in Markets with Growth Potential;

  • Strong Parentage and Established Brand;

  • Building a Future Ready Network;

  • Extensive Distribution and Service Network;

  • Experienced Management Team.

 Business Strategies 

  • Grow Revenue by Focusing on Acquiring and Retaining Quality Customers;

  • Expand Network Coverage;

  • Deliver Brilliant Customer Experience through an Omnichannel Approach and Extensive Use of Data Science;

  • Improve its Cost Efficiencies.

Company Promoters

Jagdish Saksena Deepak is the Chairperson of the company. Prior to joining the Company. Devendra Khanna is a Non-Executive Director of the company. Soumen Ray is a Non-Executive Director of the company. Sanjeev Kumar is a Non-Executive Director of the company. Surajit Mandol is a Non-Executive Director of the company. Ashok Tyagi is an Independent Director of the company. rvind Kohli is an Independent Director of the company Arun Gupta is an Independent Director of the company. Nalina

Company Financials

Bharti Hexacom Limited Financial Information (Restated Standalone)

Bharti Hexacom Limited's revenue increased by 22.3% and profit after tax (PAT) dropped by -67.2% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended 31 Dec 2023 31 Mar 2023 31 Mar 2022 31 Mar 2021
Assets 19,603.00 18,252.90 16,674.30 15,003.50
Revenue 5,420.80 6,719.20 5,494.00 4,704.30
Profit After Tax 281.80 549.20 1,674.60 -1,033.90
Net Worth 3,978.80 3,972.20 3,573.20 1,898.70
Reserves and Surplus 4,166.10 3,959.50 3,410.50 1,736.00
Total Borrowing 6,253.00 6,269.30 7,198.30 5,975.20
Amount in ? Crore

Objects of the Issue

  1. To carry out the Offer for Sale of up to 75,000,000 Equity Shares by the Selling Shareholder; and
  2. Achieve the benefits of listing the Equity Shares on the Stock Exchanges.

How to Apply

Apply for IPO in few simple steps.

  • Step 01 :

    Once you create your account, Login to Us.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with Us, in just a few clicks your application is processed. You can bid for any IPO through Us, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
  • You can apply at the cut off price set by the company or bid for a desired amount within the price band.
  • Maximum three bids will be accepted.
  • You then need to enter the UPI ID on IPO application form.

  • You will immediately get a fund blocked request on your UPI for the submitted IPO application.
  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
  • On allotment of the shares, the money will be automatically debited.
  • If the share aren’t allotted the blocked funds will reflect back into your account.

Frequently Asked Questions

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