On listing day, the IPO opened at a premium of 32% to the IPO price which is a testament to the exceptional trust in the management and interest in the company’s growth story

SBICAPS Value Add

• SBICAPS positioned Bharti Hexacom as a key player and a leading telecom services provider in the Rajasthan and Northeast telecommunication circles in India.
• SBICAPS delivered a stellar performance with an above pro-rata procurement (over 20% in a 5 BRLMs deal) in the anchor book
• SBICAPS played a crucial role in hand holding TCIL and Bharti management throughout the IPO Process and converting marquee long only investors
• SBICAPS as “Left Lead” banker leveraged its exceptional domain capabilities to complete the IPO end-to-end in ~ 4.5 months (from kick off to listing) including due diligence, documentation, SEBI approval and trading.

Company Highlights

• Communications solutions provider offering consumer mobile services, fixed-line telephone and broadband services to customers in the Rajasthan and the Northeast telecommunication circles in India, under the ‘Airtel’ brand.
• Number one player in the Northeast circle, and a close second player in the Rajasthan circle.
• Subsidiary of Bharti Airtel Limited, a global communications solutions provider with over 500 million customers in 17 countries across South Asia and Africa, and India’s largest integrated communications solutions provider.