The price range for the IPO is fixed at Rs 542 to Rs 570 per share.
Bharti Hexacom IPO GMP Today
According
According to observers' business analysis, unlisted shares of Bharti Hexacom Ltd were traded at Rs 56 cr compared to the issue price in the gray market. Premium gray market or GMP of Rs 56 means Gray Market should get a subscription increase of 9.82 percent. GMPs are based on industry opinion and are constantly changing.
The gray market price indicates that investors are willing to pay more than the issue price.
Bharti Hexacom IPO: Should you apply?
Brokerage firm Geojit Securities, which has a 'Subscribe' rating on the IPO, said: “With a price-to-earnings ratio of 51.9x (FY23) in the high price band of Rs 570, BHL has a strong track record, leadership, wide customer base across key operating cycles.” With its base, growth potential, increasing ARPU, and expanding customer base, we give it a "subscriber" rating in the medium and long term. br>< br>Canara Bank Securities also gave a "subscribe" rating to this public offering. “The Company's revenue has increased at an annual rate of 19.5% since FY21,” the company said. The company's mobile ARPU grew by 18%, outpacing its peers. The company's returns are also better. ROE and ROCE for 2023 are 13.00% and 10.50% respectively. In FY23, EBITDA and PAT margins compared to peers stood at 43.90% and 8.2% respectively.
The company's price-earnings ratio is said to be 51.91. Compared to its peers, the annual price/earnings ratio for fiscal 2023 was 75.80 times. "We recommend you sign up for the benefits list."
Another brokerage firm, Mastertrust, said in its IPO announcement that investors looking to invest "can invest in this IPO in the medium and long term."
>Bharti Hexacom IPO Details
This will be the first IPO in the financial year 2024-25. The company's full public offer is an overall offer (OFS) of 750 million shares, representing 15 per cent stake held by Telecom Consultants India Limited, without any fresh issue.
The minimum size to be applied is 26 shares. The minimum capital requirement for retail businesses is Rs 14,820. The minimum investment for small NII is 14 lots (364 shares) worth Rs 2,07,480 and for large NII 68 lots (1,768 shares) worth Rs 10,07,760.
Since this is an IPO or OFS, Bharti Hexacom will not earn any proceeds from the IPO. Currently, promoter Bharti Airtel owns 70% of the shares, while the remaining 30% is held by Telecom Consultants India.
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