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BhartiHexacom IPO

Bharti Hexacom Limited

IPO Doc

Start Date03-05-2024

Application Timing10am-5pm

Price Range₹542 - ₹570

Min Qty26

Min. Investment₹14092

Listing DateNA

Close Date05-03-2024

About Bharti Hexacom Limited

Why To Invest in Bharti Hexacom Limited

Leading player offering communication services in Rajashthan and North East circles under Airtel brand name. The IPO proceeds will be utilised 100% towards fulfilling Offer For Sale.

Financial Table

Year	FY 2021	FY 2022	FY 2023
Operating Revenue (Rs. Cr)	4602	5405	6579
Profit After Tax (Rs. Cr)	-1033.9	1674.6	1674.6 549.20

Strengths And Risks

Established Leadership : Bharti Hexacom is at number one position in the North East circle. In the Rajasthan circle, it stands at the close second position. They have been able to grow their market share by following a strategy of acquiring and retaining high value customers.

High Growth Market: The company operates in circles with low teledensity compared to national average, especially in rural areas. The government is also implementing various infrastructure development projects to augment connectivity.

Strong Brand: Airtel owns 70% of our outstanding equity share capital. Airtel is a global communications solutions provider with over 500 million customers in 17 countries across South Asia and Africa. Airtel holds a revenue market share in India of 37%. Company also benefits from the telecommunication infrastructure and other digital assets of Airtel.

Extensive Distribution: Company has an extensive sales and distribution network across the rural and urban areas of the Rajasthan and North East circles serviced by 617 distributors and 59 stores.

Regional Concentration: Bharti Hexacom derives revenue from providing mobile telephone services in Rajasthan and the North East circle and any unfavourable developments in such regions could adversely affect the business.

Outstanding Legal Proceedings: There are outstanding legal proceedings involving company's promoter, in addition to the company. Any adverse outcome in any of these proceedings may adversely affect its reputation and business.

Regulation: In the highly regulated telecommunications market, licenses and spectrum allocations are subject to terms and conditions, review and varying interpretations, each of which may result in modification, suspension, early termination, expiry on completion of the term or additional payments.,

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Astha Credit & Securities Pvt Ltd
NSE, BSE & MCX Sebi Reg No:
INZ000187932

For any grievance contact:
grievance@rupeezy.in
0755-4268599

Membership ID:
NSE - 12227 BSE-6844 MCX - 40000
NSDL-IN303420 CDSL-94500

For cyber attack incident reporting:
gyanesh@rupeezy.in
9669695615

CIN:
U65929MP2003PTC016241

SEBI RA Registration:
INH000013332

SEBI Depository Participant Reg No:
IN-DP-611-2021

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Client Bank account Details:

Sr. No	Name of Bank Account	Bank Account Number	IFSC Code
1	ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c	00620340000150	HDFC0000062
2	ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c	57500000351820	HDFC0000062

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