Bharti Hexacom IPO - Investment Rationale, Issue Details, Financials, Strategies, Risks And More: Anand Rathi

"NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Anand Rathi's Report.Bharti Hexacom Ltd. launched its initial public offering today and the offer will conclude on April 05. The communications solutions provider has fixed the price band in the range between 542-570 apiece. The Rs 4,275 crore IPO comprises only of fresh issue. The minimum order lot is 26..Objects of the Issue To carry out OFS of up to 7,50,00,000 equity shares by selling shareholder. Achieve the benefits of listing equity shares on stock exchanges..Valuation Bharti Hexacom boasts a well-established leadership and a sizable customer base within its operational domain. Delivering consumer mobile services, fixed-line telephone, and broadband services primarily in Rajasthan and the Northeast telecommunication circles of India, the company benefits from strong parentage and brand recognition, with Airtel holding a significant 70% stake in its outstanding equity share capital. The company's strategy entails bolstering revenue through a dual approach: prioritising the acquisition and retention of high-value customers while concurrently expanding network coverage. At the upper price band company is valuing at price/earning ratio of 52.3 times of its FY23 earnings with a market cap of Rs 2,85,000 million post issue of equity shares and return on net worth of 13.8%. We believe that valuations of the company is fairly priced and recommend 'Subscribe – Long Term' rating to the IPO..Click on the attachment to read the full IPO report:.Bharti Hexacom IPO: All You Need To Know.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Bharti Hexacom IPO - Investment Rationale, Issue Details, Financials, Strategies, Risks And More: Anand Rathi

Bharti Hexacom launched its Rs 4,275 crore IPO today and the offer will conclude on April 05, with price band in the range between 542-570 apiece.

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Bharti Hexacom IPO - Investment Rationale, Issue Details, Financials, Strategies, Risks And More: Anand Rathi

Bharti Hexacom launched its Rs 4,275 crore IPO today and the offer will conclude on April 05, with price band in the range between 542-570 apiece.

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