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Bharti Airtel Limited Rights Issue (Bharti Airtel Rights Issue) Detail

Oct 5, 2021 - Oct 21, 2021
Bharti Airtel Limited Logo

Incorporated in 1995, Airtel is the world's second-largest provider of telecommunications services, based on total mobile connections on the sum of consolidated subsidiaries. The company approximately has 474 million customers globally and is present in 18 countries across Asia and Africa.


The company's retail portfolio includes high-speed 4G/4.5G mobile broadband, Airtel Xstream Fiber, streaming services, digital payments, and financial services. The company offers a wide range of solutions that includes secure connectivity, cloud and data center services, cyber security, Internet of Things, and cloud-based communication for enterprise customers. These services are covered under the company's brand - "Airtel". Another brand of the company - "Airtel Money", includes financial inclusion products and offers the convenience of payments and money transfers. The brand renders services across all 14 countries in Africa.


As of June 30, 2021, the company operates a global fiber network covering over 365,000 km, and 332,542 km of optical fiber covering in India. The company is further investing in building data capabilities to attract new customers and had increased its mobile base stations from approximately 503,883 in FY' 2020 to 606,783 at the end of FY' 2021.

Bharti Airtel Rights Issue Detail

Issue Open Oct 5, 2021 - Oct 21, 2021
Security Name Bharti Airtel Limited
Issue Size (Shares) 39.23 Crores
Issue Size (Amount) ₹20,987.39 Crores
Issue Price ₹535 per share
Face Value ₹5 per share
Minimum Lot size
Market Lot 1 per share
Listing At
Terms of Payment On application, the investors will have to pay ₹ 133.75 per rights equity share which constitutes 25% of the issue price. The balance ₹ 401.25 per rights equity share which constitutes 75% of the issue price, will have to be paid on two more additional calls as may be decided by the board/ committee of the board from time to time.
Entitlement 1 Rights Equity Share for every 14 Equity Shares held on the Record Date.

Bharti Airtel Rights Issue Issue Timetable

Bid/Offer Opens On Oct 5, 2021
Bid/Offer Closes On Oct 21, 2021
Record Date Sep 28, 2021
Deemed Date of Allotment Oct 28, 2021
Renunciation of Rights Entitlements Oct 14, 2021

Company Financials

Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs.in Millions)
31-Mar-21 31-Mar-20
Total Assets 3,460,278 3,607,790
Total Income 1,012,586 862,122
Profit After Tax (123,640) (306,642)

Objects of the Issue:

The Proceeds from the Issue will be utilized towards funding of the following objects:
1. Pre-payment or repayment, repurchase of all or a portion of certain borrowings (including interest thereon) and other liabilities availed, as applicable, by the company and it's subsidiaries, including deferred payment term liabilities to DoT.
2. General corporate purposes.

Bharti Airtel Rights Issue Documents

Bharti Airtel Rights Issue Rating

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Bharti Airtel Rights Issue Reviews

Company Contact Information

Bharti Airtel Limited
Airtel Center, Plot No. 16,
Udyog Vihar, Phase-IV,
Gurugram, Haryana, 122 015, India

Phone: +91 12 4422 2222
Email: compliance.officer@bharti.in
Website: https://www.airtel.in/

Bharti Airtel Rights Issue FAQs

The Bharti Airtel Rights Issue opens on Oct 5, 2021, and closes on Oct 21, 2021.

Bharti Airtel Rights Issue Schedule

Last Date for credit of Rights EntitlementsOct 4, 2021
Last Date for renunciation of Rights EntitlementsOct 14, 2021
Issue Opening DateOct 5, 2021
Issue Closing DateOct 21, 2021
Date of Allotment (on or about)Oct 28, 2021
Date of Credit (on or about)Oct 29, 2021
Date of Listing (on or about)Nov 1, 2021

Bharti Airtel Rights Issue price is set at ₹535 per share per equity share.

The eligible shareholders are being offered 1 Rights Equity Share for every 14 Equity Shares held on the Record Date. (Sep 28, 2021).

The record date for the Bharti Airtel Rights Issue is Sep 28, 2021.

The issue size of Bharti Airtel Rights Issue is of 39.23 Crores equity shares at ₹535 per share aggregating upto ₹20,987.39 Crores.

The Letter of Offer for Bharti Airtel Rights Issue can be download here.

You can apply for Bharti Airtel Rights Issue in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Bharti Airtel Rights Issue using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Bharti Airtel Rights Issue available on the list.
  4. Click the Apply button next to the Bharti Airtel Rights Issue.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Bharti Airtel Rights Issue using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Bharti Airtel Rights Issue from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

17 Comments

17. Nachiketa Mangaraj  Oct 19, 2021 16:19 I Like It. | Report Abuse Reply
How to renounce the Rights entitlement...i cant sell the share on my demat account.
16. aqib pagarkar  Oct 19, 2021 12:05 I Like It. | Report Abuse Reply
How NRI's can apply for rights issue online.
HDFC Bank not allowing through Net banking.
KFINTECH website only allowing resident investors

we cannot submit offline as we outside india.

please anybody can help on this otherwise my rights likely to get elapsed.
15. Akash Agrawal  Oct 19, 2021 00:36 I Like It. | Report Abuse Reply
Anyone please provide detail for this mail.

Dear Sir/ Madam,
With regard to Right Entitlement (RE) of BHARATRI AIRTEL LIMITED held by you in your demat account, it is informed that the right issue of BHARATRI AIRTEL LIMITED is closing on October 21, 2021.
These REs will lapse after the Issue Closing Date unless they are:
Subscribed by making an application with requisite application money on or before the Issue Closing Date, or
Renounced on or before the Issue Closing Date.
For Central Depository Services (India) Limited,
​Authorized Signatory
14. Rishu Karn  Oct 18, 2021 15:29 I Like It. | Report Abuse Reply
My RE not showing in my Demat Account ? However i m already paid RE amount. what the reason ???????
Thanks in advance..
13. Shrewd Investor  Oct 5, 2021 10:34 I Like It. | Report Abuse Reply
Hi

I am an NRI with Demat in IIFL and PIS with axis bank. I cannot see the bharti airtel in the IPO section as of 10.30 AM , 05/oct/2021. How to apply for the RE. I have 1000 shares of Bharti Airtel.

Thanks
13.2. RajK  Oct 8, 2021 00:11 I Like It. 1 | Report Abuse
RE shares can be purchased from market just like normal share. It will be available upto 14th.
13.3. MRavichandran  Oct 15, 2021 20:03 I Like It. | Report Abuse
@Shrewd Investor,
I am a NRI, Demat with IIFL, PIS with RBL bank.
I have purchased 2000 shares from the market. I haven't recived the RE letter. (I dont have CAF/CNN Number. I cant to able to apply.

If you received RE letter from the Kfintech (CAF/CNN Number), You can apply rights through your axis bank ASBA.

Thanks
12. MRavichandran  Oct 15, 2021 19:50 I Like It. | Report Abuse Reply
Dear all,
I am a NRI, I have purchased 2000 Airtel RE shares from seondary market. The shares are credited in my demat account. When I try to apply rights, Bank ASBA form is asking for CAF/CNN number. I did not receive any email from Kfintech.
Please advise with your thoughts.

thanks
11. Deena  Oct 14, 2021 15:42 I Like It. | Report Abuse Reply
I have Airtel shares in 2 demat accounts. I have got RE shares in both. Both accounts have same PAN. My question is, can I apply for rights shares from both these demats? Will it be considered as duplicate entry or it is fine to apply?
10. Nikk  Oct 6, 2021 22:49 I Like It. 2 | Report Abuse Reply
The current RE price is about 205, more than the intrinsic value (681-535 = 146) by 40%. The actual share price would be 205+535 = 740 if someone buys RE and apply through ASBA. I don't see any sense.
People with RE should sell them directly.

People are less likely to buy RE even if price comes down to 160 also. Then also it will cost them about 695. Promoters will surely subscribe the issue, due to which RE will become shares in a month. The share price is likely to fall due to dilution.
10.1. Sharanakumar  Oct 12, 2021 12:03 I Like It. | Report Abuse
Nikk, what you wrote makes sense.. you are very right here in your analysis
10.2. IPOVini  Oct 14, 2021 10:16 I Like It. 1 | Report Abuse
@Nikk, You don't have to pay complete 740Rs (205+535) now.
For now you will have to pay 338.75 Rs (205 + 133.75 (25% of rights issue price)) If you are interested in RE and remaining amount 401.25 Rs (75% of rights issue price) must be paid based on calls by the Company.
It works like pay down payment and pay EMIs like any other loans.
You can pay the down payment of 338.75 Rs and remaining amount 401.25 Rs in 2 installments.
So people with less fund can benefit.
9. NitinNikhil  Oct 12, 2021 19:43 I Like It. | Report Abuse Reply
Dear Friends,

I have few questions regarding Airtel Rights Issue.

1. Can I apply for more shares other than the number of RE transferred to my account? Let say I have been allotted 35 REs, Can I apply for 500.

2. How retail category for rights issue will be considered?
Eg. 500 x 133.75 should be less than 200000 Rs.
or 500 x 535 should be less than 200000 Rs.

3. While bidding at what price should I bid. i.e can I bid for 134 instead of 133.75.

Your response will be highly valuable.

Regards
9.1. RajK  Oct 12, 2021 23:36 I Like It. | Report Abuse
@NitinNikhil Ji, Yes you can buy 500 RE shares in open market. You should spend 500×197=98500. This can be possible on or before 14th. Finally you got 500 RE shares. All 500 RE is available in your Demat a/c. Now after 14th, before 21st you should pay Rights price to 500 RE shares. (500*133.75 =66875) + (35×133.75 = 4681.25).
8. Shrewd Investor  Oct 5, 2021 09:08 I Like It. | Report Abuse Reply
Hi
I am an NRI, with my Demat in IIFL and PIS in Axis bank. How can i apply for the RE. I am holding 1000 shares of airtel.
8.1. RajK  Oct 8, 2021 00:16 I Like It. | Report Abuse
🤔 if you bought that 1000 shares before record date, Check your Demat a/c. Most probably you got 72 RE shares in your Demat a/c.
7. Sulthan Ibrahim  Oct 5, 2021 09:49 I Like It. | Report Abuse Reply
I am allocated 3 RE, this is the first time I am dealing with REs. I understand if I hold them after 14th, I have to pay 133 immediately and the remaining 402 (approx) on the company fixed dates.

But what if I want to buy them say I want to buy 10 more REs. So I will buy 7 more now and follow the same process above.
7.1. KAILASH SINGH BISHT  Oct 5, 2021 10:56 I Like It. | Report Abuse
Yes
7.2. RajK  Oct 8, 2021 00:05 I Like It. 1 | Report Abuse
@Sulthan Ibrahim ji , YES you should follow the same procedure.
6. Yagami  Oct 6, 2021 17:11 I Like It. | Report Abuse Reply
If I have 10 RE after 14 October and I apply for 25 shares via ASBA.
I assume I be alloted 10 shares against 10 RE.
Will I be considered for the excess 15 shares if the rights issues goes undersubsribed?
6.1. RajK  Oct 8, 2021 00:03 I Like It. 1 | Report Abuse
Most probably you may get additional 1 or 2, Remaining amount will be returned or Unhold.

Earlier in reliance rights issue my friend and I got 1 extra Rights share. We applied extra share through ASBA.
5. RABHAT  Oct 6, 2021 00:08 I Like It. | Report Abuse Reply
First time dealing with RE shares, please help. I have 100 shares of Airtel and I received 7 AIRTEL-RE-BE shares today in my demat. In my Zerodha holdings, it is already show a profit of 1400Rs against these 7 RE shares. Can I simply sell these and realize this profit?? Because that is pretty much the gain which I would probably get when finally these 7 RE becomes real shares which is probably after a month or so. Please suggest :)
5.3. RajK  Oct 7, 2021 23:51 I Like It. 1 | Report Abuse
@RABHAT Hold these RE shares for longterm. Others didn't getting at free. If you hold these RE after 14th Oct, you have to pay 133 per share through ASBA or Online. That 133 is only 25% of 535. Remaining 75% you have to pay in future stages.

If you want to buy more RE shares you should spare current RE price i.e 210 or more. My suggestion just hold for longterm. Pay rights price at prescribed intervals specified by company.
5.4. RajK  Oct 7, 2021 23:58 I Like It. | Report Abuse
@KAILASH SINGH BISHT ji RE buying and selling should be on or before 14th. After 14th, before 21st you should pay the rights price per RE share based on the holding.

If you are holding RE after 14th and cant able to pay the Rights price (i.e 133) on or before 21st, all holding shares will be going to loose. So be cautious while playing with Rights issue.

By 21st you paid rights price and next time 2nd call, you forget the payment, that time also you will be going to loose all RE shares. Take care.
4. IPOINPUT  Oct 4, 2021 14:33 I Like It. | Report Abuse Reply
I have 40 shares and received 2 RE shares. Can I still apply for more than two shares using ASBA? Say 10 shares?
4.1. RajK  Oct 4, 2021 21:01 I Like It. 1 | Report Abuse
Yes you can buy and sell Any number of RE shares till 14th. If you hold any RE share after 14th You should pay Rights Price 133/ RE Share on or before 21st.
4.2. RajK  Oct 4, 2021 21:18 I Like It. 1 | Report Abuse
Applying through ASBA not now. After 14th for paying Rights price 133.75 we use ASBA
3. Mr. Singh  Oct 4, 2021 10:57 I Like It. | Report Abuse Reply
I want to convert RE to regular share. How do I need to pay? Will broking site allow?
3.1. RajK  Oct 4, 2021 21:07 I Like It. 1 | Report Abuse
Conversion of RE share to 25% of regular share price(535) can be possible only after paying 133 on or before 21st. Remaining 75% of(535) can be paid in future dates fixed by company. After 100% paying on prescribe intervals, then only RE will be convert to Regular Share.
2. RajK  Oct 4, 2021 09:58 I Like It. 1 | Report Abuse Reply
@Business Standards

Airtel RE trading set to commence

The trading in rights entitlement (RE) of Bharti Airtel will commence on Tuesday and will remain open till October 14. Under this window, existing shareholders will get to sell their RE, while those who wish to participate in the Rs 21,000-crore rights offering will get to buy the permit to apply. One RE gives a shareholder right to subscribe to one share in the rights issue programme, which will remain open till October 21. Analysts expect one RE to trade in the range between Rs 180-200 per unit. Shares of Airtel last closed at Rs 676, while the rights issue price is Rs 535 per share. ETFs will sell their REs as they are not allowed to subscribe for shares in the rights issue. Last year, trading in Reliance Industries RE had seen huge investor interest.
1. ganesh jaiswal  Oct 1, 2021 11:08 I Like It. | Report Abuse Reply
when the Bharti airtel RE shares will start trading on exchanges?
1.2. RajK  Oct 1, 2021 21:06 I Like It. 1 | Report Abuse
Airtel Renounce RE share will be trade from 5th October to 14th October. Who got allotment of RE and hold after 14th Oct Should pay 133.75/per share on or before 21st October. Most probably RE price will be start 140 on 1st day. RE price is based on the Current Price 675 - Rights Issue Price 535 = 140. 😁👍. All the best
1.3. ganesh jaiswal  Oct 2, 2021 13:27 I Like It. | Report Abuse
@RajK not exactly 140, RE issue list on discount only so hopefully in 90-130 bracket. No body apply right issue at premium.