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.
The promoters of the Company are Mr. Sanjeev Bhatia, Mr. Nikhil Bhatia & Mr. Harbanslal Bhatia.
|Particulars||For the year/period ended (in Rs. million)|
|Profit After Tax||4.78||3.09||3.42||3.51||2.00|
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.
The objects of the Issue are:
1. Long term Working capital requirement
2. General Corporate Purpose,
3. Meeting Public Issue Expenses.
|Issue Open||Feb 8, 2018 - Feb 12, 2018|
|Issue Type||Fixed Price Issue IPO|
|Issue Size||1,650,000 Eq Shares of Rs 10 |
(aggregating up to Rs 24.75 Cr)
|Fresh Issue||1,400,000 Eq Shares of Rs 10 |
(aggregating up to Rs 21.00 Cr)
|Offer for Sale||250,000 Eq 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|
|Min Order Quantity||1000 Shares|
|Listing At||BSE SME|
No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time
Feb 12, 2018 17:00
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