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Bhatia Communications & Retail (India) Limited IPO (Bhatia Communications IPO) Detail

Feb 8, 2018 - Feb 12, 2018

Incorporated in 2008, Bhatia Communications & Retail (India) Limited is Surat Gujrat based company engaged into retail and wholesale distribution business of mobile handsets, tablets, data-cards, mobile accessories, mobile related products etc. Company sell smart mobile handsets of all the brands including Apple I-Phone, Samsung, OPPO, GIONEE, VIVO etc, mobile related products, tablets, data cards, accessories under one roof through its owned 72 retail outlets and 24 franchisee located all over the South Gujarat region including Surat, Vapi, Valsad, Navsari, Vyara etc.

Company also provide credit/EMI facilities to its customers for buying its products for which it has tied up with major leading credit houses like Bajaj Finserv, Capital First etc.

Company purchases the phones either from distributors or directly from the manufacturers. Bhatia Communications have 84 full time employees.

Company Promoters:

The promoters of the Company are Mr. Sanjeev Bhatia, Mr. Nikhil Bhatia & Mr. Harbanslal Bhatia.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. million)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 250.12 178.48 183.34 169.77 105.75
Total Revenue 1334.91 960.81 1105.74 1041.17 742.95
Profit After Tax 4.78 3.09 3.42 3.51 2.00

Objects of the Issue:

The Public Issue includes a Fresh Issue and an offer for sale by the Selling Shareholder

The Offer for Sale
Company will not receive any proceeds from the Offer for Sale.

Fresh Issue
The objects of the Issue are:
1. Long term Working capital requirement
2. General Corporate Purpose,
3. Meeting Public Issue Expenses.

Issue Detail:

  »»  Issue Open: Feb 8, 2018 - Feb 12, 2018
  »»  Issue Type: Fixed Price Issue IPO
  »»  Issue Size: 1,650,000 Equity Shares of Rs 10 aggregating up to Rs 24.75 Cr
    ›  Fresh Issue of 1,400,000 Equity Shares of Rs 10 aggregating up to Rs 21.00 Cr
    ›  Offer for Sale of 250,000 Equity Shares of Rs 10 aggregating up to Rs 3.75 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 150 Per Equity Share
  »»  Market Lot: 1000 Shares
  »»  Minimum Order Quantity: 1000 Shares
  »»  Listing At: BSE SME

Bhatia Communications IPO Reviews / Recommendations:

Dilip Davda's - avoid

 

Issue Subscription Detail / Current Bidding Status

Number of Bids Received
As on Date & TimeQIBNIIRIIOthersTotal
Shares Offered / Reserved0783,000783,00084,0001,650,000
Day 1 - Feb 8, 2018 17:00 IST0656,00027,000-683,000
Day 2 - Feb 9, 2018 17:00 IST4,0001,163,00050,000-1,217,000
Day 3 - Feb 12, 2018 17:00 IST4,0001,551,000573,000-2,128,000

Bhatia Communications IPO Prospectus

Bhatia Communications IPO Rating

49
3.0
Rating:Rated 3.0 stars

Vote Here ...

Bhatia Communications IPO News Alerts

  1. Monday, February 12, 2018 12:00:00 AM
    Bhatia Communications IPO Closes on Feb 12, 2018
  2. Thursday, February 8, 2018 12:00:00 AM
    Bhatia Communications IPO Opens on Feb 8, 2018

Company Contact Information

Bhatia Communications & Retail (India) Limited
132, Dr. Ambedkar Shopping Centre,
Ring Road, Surat 395 002.

Phone: 0261-2349892
Fax:
Email: info@bhatiamobile.com
Website: http://bhatiamobile.com/

Bhatia Communications IPO Registrar

Purva Sharegistry India Pvt Ltd   »  Report
   9, Shiv Shakti Industrial Estate,
   JR Borica Marg,
   Lower Parel (East), Mumbai – 400 011

Phone: +91-022-23018261/ 23016761
Fax: +91-022-23012517
Email: busicomp@gmail.com
Website: http://www.purvashare.com

Bhatia Communications IPO Lead Manager(s)

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Bhatia Communications IPO Review / Comments

avatar
8. Sinewave  Feb 20, 2018 6:45:03 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
avatar
7. Sinewave  Feb 20, 2018 6:19:05 PM IST I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
1. Trading Members may note that as per the guidelines issued by SEBI dated 16th February, 2000, securities of the company will only be traded in Dematerialised form. Trades effected in this scrip will be in minimum market lot (i.e. 1000 equity shares) and the same shall be modified by the Exchange from time to time by giving prior market notice of atleast one month.



2. Further the trading members may please note that the above mentioned scrip will be a part of Special Pre-open Session (SPOS) on Wednesday, February 21, 2018. For further information on SPOS, the trading members are requested to refer to the Exchange’s notice no. 20120216-29 dated February 16, 2012 on Enabling Special Pre-open Session for IPO’s & Relisted Scrips.



3. Trading Members may note that the shares bearing the distinctive numbers, the details of which are attached as Annexure I, are not transferable till the date(s) mentioned against them and would not be a good delivery in the market till then. The company has informed the Exchange that in respect of shares in demat form, necessary corporate action has been executed to have the lock-in period marked in the depository’s records.



4. A copy of shareholding pattern submitted by the company is enclosed as Annexure II.



5. The company’s financial year ending is March 31.



6. All shares are ranking pari-passu including dividend entitlement.






7. The Market Maker to the issue as mentioned in the prospectus is given below:



NNM Securities Private Limited

B 6/7, Shri Siddhivinayak Plaza, 2nd Floor, Plot No. B-31,

Oshiwara, Opp. CitiMall,

Behind Maruti Showroom,

Andheri Linking Road, Andheri (West),

Mumbai 400053

Tel: 022-40790011.

E-mail: support@nnmsecurities.com

Contact Person: Mr. Nikunj Anilkumar Mittal

SEBI Registration No.: INB231044638/INF231044638/INE231044638
avatar
6. akkujain  Feb 19, 2018 6:42:15 PM IST I Like It. | Report Abuse Reply
i want to sell any one buyer.... tell price
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5. Prabhat gadia  Feb 11, 2018 4:36:02 AM IST I Like It. | Report Abuse Reply
Clearly avoid. 100%chance of getting discount of
50% after listing.
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5.1. ASHISHDAVE  Feb 16, 2018 12:21:03 PM IST I Like It. | Report Abuse
I am a buyer @ par. Want to sell anything ??
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4. ASHISHDAVE  Feb 16, 2018 12:19:58 PM IST I Like It. | Report Abuse Reply
Strong upmove possible. Only company owns the full stock
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3. Jitendra Agarwal  Feb 14, 2018 11:27:32 AM IST I Like It. | Report Abuse Reply
Allotment chances are 100% and on LM front their companies are listing with premium and give better returns on long term investments.
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2. Rkg  Feb 8, 2018 8:14:55 AM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts)
Better is to avoid
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1. KiranS  Feb 7, 2018 12:30:54 PM IST I Like It. | Report Abuse Reply
Issue Sizes - 783 lots in NII. 783 lots in RII
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