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Issue Open Date
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03-Apr-24
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|
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Issue Closing Date
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05-Apr-24
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|
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Application Money
|
100
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Allotment Money
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Price Band
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542
-
570
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Minimium Application No.
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26
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Issue Size (Shares)
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75000000
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Market Lot
|
1
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Objective
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(i) To carry out the Offer for Sale of up to 75,000,000 Equity Shares by the Selling Shareholder; and(ii) Achieve the benefits of listing the Equity Shares on the Stock Exchanges.
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Category
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No. of Shares
|
No. of Shares
|
Subscription Ratio
|
|
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Offered / Reserved |
Bid For |
|
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Non-Institutional Investors
|
11250000
|
118308372
|
10.5162997333333
|
|
Qualified Institutional Buyers
|
22500000
|
1092925340
|
48.5744595555556
|
|
Retail Individual Investors
|
7500000
|
21246758
|
2.83290106666667
|
|
|
|
|
Business Description
We are a communications solutions provider offering consumer mobile services, fixed-line telephone and broadband services to customers in the Rajasthan and the North East telecommunication circles in India, which comprises the states of Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura. We offer our services under the brand ‘Airtel’. We have a distinct strategy to premiumise our portfolio by acquiring and retaining quality customers and deliver an experience to them through our omnichannel approach and use of data science. We have a gamut of digital offerings to enhance customer engagement and differentiated customised offerings through family and converged plans under Airtel Black proposition, which has resulted in the continuous improvement of our revenue market share during the last three Fiscals. We undertake prudent cost optimisation measures to improve our profitability and maintain an efficient capital structure with a comfortable leverage position. We continuously invest in network expansion, technology advancement and judicious spectrum investments. As of September 30, 2023, we had invested ? 203 billion in capital expenditure in our future ready digital infrastructure. We also derive significant synergies from our relationship with our Promoter, Airtel, through the expansive digital infrastructure, digital experience and the digital services it provides to its customers.
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Promoter's Holding
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|
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Total Share Capital
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350000000
|
|
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Offered to Public
|
75000000
|
|
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Promoter's Holding (Pre-Issue)
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70
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Promoter's Holding (Post-Issue)
|
70
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Address |
Bharti Crescent
1
Nelson Mandela Road
Vasant Kunj
Phase - I I
South Delhi
New Delhi,
Delhi,
110070
Phone : 011-46666100
Email : bhartihexacom@bharti.in
Website : www.bhartihexacom.in
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|
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Registrar |
K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
Karvy Selenium Tower B
Plot 31-32
Gachibowli
Financial District
Nanakramguda
Hyderabad
|
|
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Listed at |
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BSE, NSE
|
|
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Lead Manager |
Axis Capital Ltd.
BOB Capital Markets Ltd
ICICI Securities Ltd
IIFL Securities Ltd.
SBI Capital Markets Ltd
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Promoters |
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Bharti Airtel Ltd.
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|
