Incorporated in 2006, Bharti Infratel Limited is a provider of tower and related infrastructure. Bharti Infratel is one of the world's largest telecom tower infrastructure providers which deploys, owns and manages telecom towers and communication structures for all wireless operators. The business of Bharti Infratel and Indus is to acquire, build, own and operate tower and related infrastructure.
Bharti Infratel and Indus currently provide access to their towers primarily to wireless telecommunications service providers. Bharti Infratel's and Indus's three largest customers are Bharti Airtel (together with Bharti Hexacom), Vodafone India and Idea Cellular. They are the three leading wireless telecommunications service providers in India by wireless revenue.
In India, Infratel has over 34,000+ towers, across 18 states, and 11 Telecom circles, and still growing. Bharti Infratel also has a 42% stake in Indus Towers which was created as a Joint Venture between Bharti Infratel, Vodafone and Aditya Birla Telecom to hive off the Towers business in 15 telecom circles.
The promoter of the company is Bharti Airtel.
|Particulars||For the year/period ended (in Rs. Million)|
|Profit After Tax (PAT)||4,604.6||7,507.3||5,514.8||2,529.7||1,952.4||403.7|
The objects of the issue are to:
1. Installation of 4,813 new towers;
2. Upgradation and replacement on existing towers;
3. Green initiatives at tower sites;
4. General corporate purposes; and
5. Benefits of listing of the Equity Shares on the Stock Exchanges.
»» Issue Open: Dec 11, 2012 - Dec 14, 2012
»» Issue Type: Book Built Issue IPO
»» Issue Size: 188,900,000 Equity Shares of Rs 10 aggregating up to Rs 4,155.80 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 210 - Rs 240 Per Equity Share
»» Market Lot: 50 Shares
»» Minimum Order Quantity: 50 Shares
»» Listing At: BSE, NSE
CRISIL has assigned a IPO Grade 4/5 to the IPO of Bharti Infratel. This grade indicates that the fundamentals of the Bharti Infratel IPO are 'above average' relative to the other listed equity securities in India. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Please note that this grade is not an opinion on whether the issue price is appropriate in relation to the issue fundamentals. The grade is not a recommendation to buy, sell or hold the graded instrument, or a comment on the graded instrument's future market price or its suitability for a particular investor.
The promoter of Bharti Infratel has offered Rs 10 discount to retail investors in Bharti Infratel IPO shares. The discount will be given on the final price of the IPO shares.
|Number of Times Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved||66,115,000||28,335,000||66,115,000||160,565,000|
|Day 1 - Dec 11, 2012 17:00 IST||0.3600||0.0000||0.0100||0.1500|
|Day 2 - Dec 12, 2012 17:00 IST||0.8100||0.0000||0.0300||0.3500|
|Day 3 - Dec 13, 2012 17:00 IST||2.8400||0.1000||0.0600||1.2100|
|Day 4 - Dec 14, 2012 20:15 IST||2.8400||0.2900||0.1900||1.3000|
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