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 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.

Bhatia Communications IPO Details

Bhatia Communications IPO Date Feb 8, 2018 to Feb 12, 2018
Bhatia Communications IPO Face Value ₹10 per share
Bhatia Communications IPO Price ₹150 per share
Bhatia Communications IPO Lot Size 1000 Shares
Issue Size1,650,000 shares of ₹10
(aggregating up to ₹24.75 Cr)
Fresh Issue1,400,000 shares of ₹10
(aggregating up to ₹21.00 Cr)
Offer for Sale250,000 shares of ₹10
(aggregating up to ₹3.75 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

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

Bhatia Communications IPO Lot Size

The Bhatia Communications IPO lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹150,000).

Application Lots Shares Amount
Retail (Min) 1 1000 ₹150,000
Retail (Max) 1 1000 ₹150,000

Bhatia Communications IPO Review

Company’s peers are no comparable on an apple to apple basis. It is operation in the highly competitive field with many unorganized players. Considering its exorbitant pricing one may give it a miss.

Read detail review...

Bhatia Communications IPO Subscription Status (Bidding Detail)

The Bhatia Communications IPO is subscribed 1.36 times on Feb 12, 2018 5:00:00 PM. The public issue subscribed 0.73 times in the retail category, times in the QIB category, and 1.98 times in the NII category. Check Day by Day Subscription Details (Live Status)

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Bhatia Communications IPO Prospectus

Bhatia Communications IPO Rating

Rating:Rated 3.0 stars
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Bhatia Communications IPO Listing Date

Listing Date Tuesday, February 20, 2018
BSE Script Code 540956
NSE Symbol
Listing In MT Group of Securities
ISIN INE341Z01017
IPO Price ₹150 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

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

Phone: 0261-2349892

Bhatia Communications IPO Registrar

Purva Sharegistry India Pvt Ltd

Phone: +91-022-23018261/ 23016761

Bhatia Communications IPO Review

Bhatia Communications IPO Recommendation Summary

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Bhatia Communications IPO FAQs

Bhatia Communications IPO is a SME IPO of 1,650,000 equity shares of the face value of ₹10 aggregating up to ₹24.75 Crores. The issue is priced at ₹150 per share. The minimum order quantity is 1000 Shares.

The IPO opens on Feb 8, 2018, and closes on Feb 12, 2018.

Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Bhatia Communications IPO opens on Feb 8, 2018 and closes on Feb 12, 2018.

Bhatia Communications IPO lot size is 1000 Shares and the minimum order quantity is .

You can apply in Bhatia Communications IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Bhatia Communications IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Bhatia Communications IPO allotment status.

The Bhatia Communications IPO listing date is on Tuesday, February 20, 2018.
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Bhatia Communications IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



11. AhireR |   Link |Mar 27, 2018 9:41:31 AM
IPO Mentor IPO Mentor (700+ Posts, 1000+ Likes)
BSE 451
NSE 490
10. TOPS |   Link |Mar 12, 2018 3:51:23 PM
9. RAJAKUMAR |   Link |Mar 2, 2018 11:19:39 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Bandan Bank issue size earlier states at 2500 crore. When filing to sebi, bank states that it issue size is 2500 crore. After filing drhp a firm can enhance or reduce issue size maximum 20%. Now issue size is not more than 3000 crore. Issue is 11 crore share so issue price may be below Rs.300. It may be Rs.270/-. 2018 eps is Rs.12/= hence it comes around 23 pe. ICICI Trading at 17 pe and HDFC trading at 30pe. And Book value is Rs.46. At Rs.270 book value comes around 6 times. Even HDFC trading 5.15 times of the book value. And all other bank like indusind, icici, idfc, rbl, kotak yes bank all are trading below 5 times of the book value. So Bandan Bank will not come Rs.350 or 370 as mentioned by our board members.
8. Sinewave |   Link |Feb 20, 2018 5:45:03 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Listing notice:
7. Sinewave |   Link |Feb 20, 2018 5:19:05 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ 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.


Contact Person: Mr. Nikunj Anilkumar Mittal

SEBI Registration No.: INB231044638/INF231044638/INE231044638
6. akkujain |   Link |Feb 19, 2018 5:42:15 PM
i want to sell any one buyer.... tell price
5. Prabhat gadia |   Link |Feb 11, 2018 3:36:02 AM
Clearly avoid. 100%chance of getting discount of
50% after listing.
5.1. ASHISHDAVE |   Link |Feb 16, 2018 11:21:03 AM
I am a buyer @ par. Want to sell anything ??
4. ASHISHDAVE |   Link |Feb 16, 2018 11:19:58 AM
Strong upmove possible. Only company owns the full stock
3. Jitendra Agarwal |   Link |Feb 14, 2018 10:27:32 AM
Allotment chances are 100% and on LM front their companies are listing with premium and give better returns on long term investments.
2. Rkg |   Link |Feb 8, 2018 7:14:55 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Better is to avoid
1. KiranS |   Link |Feb 7, 2018 11:30:54 AM
Issue Sizes - 783 lots in NII. 783 lots in RII