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Bharti Hexacom IPO
Price Band
₹542.0–570.0
Issue Size
₹4275.0 Cr
Lot Size
26 shares
Min Investment
₹14,820
GMP
+₹140.0 (24.56%)
Issue Price
₹570.0
Subject to Sauda
₹2800
Paid only if allotted
Bharti Hexacom IPO AI Summary
- Bharti Hexacom IPO is listed on BSE, NSE in the Telecom - Cellular & Fixed line services sector.
- Price band: ₹542.0–₹570.0 per share, lot size 26 shares (min. investment ₹14,820).
- Subscription window: 03 Apr–05 Apr 2024, listing on 12 Apr 2024.
- Current GMP is +₹140.0 (24.56%), an estimated listing price of ₹710 — unofficial and can change daily.
Bharti Hexacom Limited is entering the IPO market with a focus on expanding its digital infrastructure and customer base in the telecom sector. With a significant investment in technology and a growing customer base, the company aims to leverage the benefits of being publicly listed.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Bharti Hexacom IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 05 Apr 2024 — not a current signal.
8 of 11 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Bharti Hexacom IPO Grey Market Premium (GMP) Today
GMP
+₹140.0
GMP %
+24.56%
Est. Listing
₹710.0
Updated: 25 Jul 2026 14:06
About the Company
Incorporated in 1995, Bharti Hexacom Limited provides fixed-line telephone and broadband services to customers in Rajasthan and North East telecom circles in India. The company provides services in states such as Rajasthan and Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura. ; By December 31, 2023, the company has invested ₹206 billion in digital infrastructure capital expenditures to be future-ready. As of December 31, 2023, the company has 27.1 million customers across 486 census towns. As of December 31, 2023, there were 616 distributors and 89,454 retail touchpoints in the distribution network. As of December 31, 2023, the company had 19,144 thousand data customers, out of which 18,839 thousand were 4G and 5G customers.
Company Financials (₹ Cr)
As of 2023-12-31
| 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 |
| Total Income | 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 |
Key Ratios
EPS
₹10.98
NAV
₹88.32
RoNW
7.08%
P/B Value
6.45
P/E Ratio
51.89
Market Cap
₹28500.00 Cr
Debt/Equity
1.41
Peer Comparison
| Company | NAV | RoNW | EPS Basic | EPS Diluted | P/E (x) |
|---|---|---|---|---|---|
| Reliance Jio Infocomm Limited | 48 | 8.43% | 4.05 | 1.07 | — |
| Vodafone Idea Limited | -15.28 | — | -8.43 | -8.43 | -1.63 |
| Bharti Airtel Limited | 136.72 | 15.84% | 14.8 | 14.57 | 82.16 |
| Bharti Hexacom Limited This IPO | 84.19 | 13.83% | 10.98 | 10.98 | — |
Promoters
Bharti Airtel Ltd.
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Achieve the benefits of listing the Equity Shares on the Stock Exchanges
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹6,719.20 Cr in the period ending 31 Mar 2023, but decreased to ₹5,420.80 Cr by 31 Dec 2023, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹549.20 Cr for the period ending 31 Mar 2023, declining to ₹281.80 Cr by 31 Dec 2023, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
Bharti Hexacom's implied P/E at the issue price is 51.89, compared to peers trading at a range of approximately -1.63 to 82.16.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on unofficial trading before it officially lists on the stock exchange. A positive GMP suggests strong demand, while a negative GMP indicates weaker interest.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's fundamentals, market conditions, and peer performance.
Who May Want to Wait
Risk-averse investors or those seeking stable returns may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainties.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While a positive GMP may suggest a strong opening, various factors can influence the stock's performance on its debut, including overall market conditions and investor sentiment.
This evaluation is generated from Bharti Hexacom's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Bharti Hexacom IPO GMP today?
Bharti Hexacom IPO GMP today is +₹140.0 (24.56%), indicating an estimated listing price of ₹710. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Bharti Hexacom IPO?
The price band of Bharti Hexacom IPO is ₹542.0–₹570.0 per share.
When does Bharti Hexacom IPO open and close?
Bharti Hexacom IPO opens on 03 April 2024 and closes on 05 April 2024.
When does Bharti Hexacom IPO list on the stock exchange?
Bharti Hexacom IPO listed on 12 April 2024 at ₹710.0.
What is the lot size for Bharti Hexacom IPO?
The lot size for Bharti Hexacom IPO is 26 shares, requiring a minimum investment of ₹14,820.
What is the lot size for this IPO?
The lot size for Bharti Hexacom's IPO is 26 shares.
What is the minimum investment required?
The minimum investment required is ₹14,820.
What is the price band for the IPO?
The price band for the IPO is ₹542.0 to ₹570.0.
When is the IPO opening and closing?
The IPO opens on April 3, 2024, and closes on April 5, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
03 Apr 2024
Close
05 Apr 2024
Allotment
08 Apr 2024
Listing
12 Apr 2024
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