Bharti Hexacom IPO
Overview of Bharti Hexacom Limited
Bharti Hexacom Limited, established in 1995, is a leading provider of fixed-line telephone and broadband services operating primarily in the regions of Rajasthan and the Northeast telecom circles in India. With a commitment to digital infrastructure, the company has invested a substantial ₹206 billion by December 31, 2023, to ensure readiness for future technological advancements.
Market Presence and Customer Base
The company boasts a significant market presence, serving customers across states such as Rajasthan, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura. As of December 31, 2023, Bharti Hexacom Limited has garnered a substantial customer base of 27.1 million across 486 census towns, indicating its widespread reach and penetration in the telecom sector.
Robust Distribution Network
Bharti Hexacom Limited maintains a robust distribution network, comprising 89,454 retail touchpoints as of December 31, 2023. This extensive network facilitates efficient customer outreach and service delivery, contributing to the company's strong market position.
Focus on Data Services
The company places a significant emphasis on data services, with 19,144 thousand data customers recorded as of December 31, 2023. Notably, out of these, 18,839 thousand were 4G and 5G customers, highlighting Bharti Hexacom Limited's alignment with evolving technological trends and customer preferences. Objectives of the IPO
The primary objectives of the IPO are twofold:
Offer for Sale: The IPO includes an offer for sale of up to 75,000,000 Equity Shares by the Selling Shareholder, providing an opportunity for investors to participate in the company's growth trajectory.
Listing Benefits: Bharti Hexacom Limited aims to achieve the benefits of listing its Equity Shares on the Stock Exchanges, enhancing visibility, liquidity, and access to capital markets.
Bharti Hexacom IPO Key Details
IPO Dates: April 3 to April 5, 2024
Price Band: ₹542 to ₹570 per share
Lot Size: 26 Shares
Offer for Sale: ₹4,275.00 Crs
Retail Quota: 10%
GMP (Grey Market Premium): 5% (Provided for informational purposes)
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