Exciting News: Bharti Hexacom Plans IPO Launch on April 3rd, with Telecommunications Consultants Offering 15% Stake Sale

It’s interesting to note the strategic allocation of the issue size by the communications solutions provider to cater to diverse investor interests. The company’s focus on serving discerning customers across Rajasthan and the North East telecommunication circles in India via its comprehensive suite of consumer mobile services, fixed-line telephone, and broadband offerings under the trusted Airtel brand is commendable. Although the company witnessed a decline in net profit for the fiscal year FY23, it’s worth noting that the decline was due to an elevated base stemming from exceptional gains of Rs 1,951.1 crore in the previous year. 

The company’s robust performance in terms of healthy topline and operating figures is indeed remarkable. In particular, Bharti Hexacom registered a 21.7 percent surge in revenue from operations during the fiscal year, reaching an impressive Rs 6,579 crore. Additionally, the company’s EBITDA soared by an impressive 53.6 percent to Rs 2,785.7 crore, accompanied by a notable margin expansion of 878 basis points, culminating at 42.34 percent during the same period. These figures highlight the company’s steadfast commitment to delivering value and resilience in the face of dynamic market landscapes.

It’s interesting to note how Bharti Hexacom managed to navigate through a challenging year in fiscal year 2023-24, showing remarkable resilience in the midst of changing market dynamics. Despite experiencing a decline in net profit due to increased tax costs and exceptional losses, the company was able to leverage its other income streams and strong operational figures to maintain a commendable revenue from operations of Rs 5,220.8 crore in the 9MFY24 period.

One of the most notable achievements of Bharti Hexacom during this period was its remarkable improvement in EBITDA and margin expansion. The company recorded a 23.2 percent surge in EBITDA year-on-year, surpassing Rs 2,483.4 crore, and a substantial margin expansion of 597 basis points, reaching 47.57 percent from April to December FY24. These figures speak volumes about the company’s unwavering commitment to operational excellence and strategic resilience.

As Bharti Hexacom moves closer to the culmination of its IPO journey, anticipation is mounting among investors. The company is set to finalize the basis of allotment of IPO shares by April 8th, marking a significant milestone in its journey. Successful investors can expect to receive the coveted 7.5 crore equity shares in their demat accounts by April 10th, representing a significant step forward for the company in the public market realm.

It seems like there’s a lot of excitement surrounding the upcoming Bharti Hexacom IPO, which is set to begin on April 12th. This marks a major milestone for the company, as it prepares to go public. The Securities and Exchange Board of India (SEBI) granted approval for the IPO on March 11th, paving the way for a successful offering.

 The IPO is being led by esteemed book running lead managers, including SBI Capital Markets, Axis Capital, BOB Capital Markets, ICICI Securities, and IIFL Securities. KFin Technologies is also playing a vital role as registrar, managing shareholder registration and management. With so many capable stakeholders involved, Bharti Hexacom is well-positioned to take the public market by storm, offering exciting opportunities for investors and stakeholders alike.