Bharti infratel filed its draft red herring prospectus for the share sale with the securities and exchange board of india on 15 september. The company received a certificate of commencement of business on april 10. Ipo is not a great deal for pe investors in bharti infratel. Bharti infratel limited has informed the exchange that the board of directors of the company at its meeting held on january 23, 2014, have approved the following.
Natl india including stock price, stock chart, company news, key statistics, fundamentals and company profile. Bharti infratel share price live, live stock updates, views. Bharti infratel 201718 annual report analysis annual result update dec 21, 2018 updated on dec 21, 2018. Bharti infratel directors report bharti infratel director. Bharti infratel s almostflop ipo is another proof of this. Bse and nse allow a preopen trading on listing day. Corporate identification number cin l74899dl1995plc070609 bharti airtel limited is a leading global telecommunications company with operations headquartered in new delhi, india, the company. Mar 28, 2017 the deal was sealed at rs 325 per share.
After cares ipo last week, it is now the turn of bharti infratels ipo to hit the market today 11 dec, 2012. On a consolidated basis, we are one of the largest panindia tower infrastructure providers, based on the number of towers owned and operated by bharti infratel and indus towers, which are represented by bharti infratels 42% equity interest in indus towers. Bharti infratel limited track record name of the issue. Bharti infratel reports 7% yoy rise in net profit, declares a third interim dividend of rs 4. Bharti infratel stock price, share price, live bsense, buy. The regular trading starts at 10 am on listing day. This 45 minutes session starts at 9 am and ends at 9. Initial public offer bharti infratel has listed its equity shares on the nse and bse in india on friday, december 28, 2012. The company was founded in 2006 and is headquartered in gurugram, india. Bharti infratel ipo frequently asked questions chittorgarh. Find bharti infratel limited ipo date, price, allotment date, gmp, news and subscription. As of march 31, 2020, it owned and operated 42,053 towers with 75,715 colocations in 11 telecommunications circles in india.
Retail investors are yet to get their confidence back. Bharti infratel ltd stock quote, bharti infratel ltd company. Countrys largest telecom service provider bharti airtel today said it has not yet decided on the possible initial public offering ipo of its. Bharti airtel, indias largest telecom operator is not bhartti to participate in its tower companys initial. Bharti airtel and bharti infratel are a part of the bharti group, one of indias leading business conglomerates, with business interests in the telecommunications, real estate, insurance and retail sectors. Our subsidiary, bharti infratel, is engaged in the business of building. Rights equity shares, to be decided prior to filing of the letter of offer. If airtel africa limited is unable to complete its ipo or if the ipo of airtel africa limited is. Ipo is not a great deal for pe investors in bharti infratel the initial public offers ipos always remain the first and the best exit route for private equity pe investors. Bharti airtel has no immediate plan to list its telecom tower infrastructure unit, bharti infratel, and joint venture firm indus towers. Dec 11, 2012 after a long break, the ipo market in india is finally picking up pace.
The price band of the bharti infratel ipo has already been decided between rs. It also captures the holding period returns and annual returns. Bharti airtel limited bharti crescent, 1, nelson mandela road, vasant kunj, phase ii, new delhi 110 070, india website. Bharti infratel limited is a subsidiary of bharti airtel limited. However, pe investors in bharti infratel have nothing to cheer when bharti is launching one of the largest ipos in india to raise about rs 4,500crore this month. Final post issue monitoring report dated january4,20 3 grade of issue along with name of the rating agency name crisil grade 45 4 subscription level number of times 1.
Bharti infratel set to launch ipo in december 1 min read. The rbi has granted banking license dated april 11, 2016 to airtel. Get india stock market quotes, stock quote news india, latest share prices for bhri. Benefits of listing of the equity shares on the stock exchanges. Bharti infratel is one of the countrys biggest telecoms tower businesses. Prospectus dated december 19, 2012 please read section 60 of the companies act, 1956 book built issue bharti infratel limited the company was incorporated as bharti infratel limited on november 30, 2006, at new delhi, as a public limited company under the companies act, 1956, as amended the companies act. The attendance slip in pdf format will appear on the screen. Draft red herring prospectus dated september 14, 2012 the draft red herring prospectus will be updated upon filing with the roc book built issue.
Bharti infratel quarterly results, bharti infratel financial. Bharti infratel to use ipo proceeds for towers telecomtalk. Bharti infratel, a subsidiary of telecom operator bharti airtel, will use the proceeds of its initial public offering ipo to set up 4,8 new telecom transmission towers and upgradation its. Read on for a complete analysis of bharti infratels quarterly results. Dec 10, 2012 the prospectus says some of the new funds will be used to install 4,8 new towers and upgrade existing towers. Countrys second largest telecom tower company bharti infratel, a subsidiary of bharti airtel, said it has filed a draft red herring prospectus. November 30, 2006, at new delhi, as a public limited company under the companies act, 1956, as amended. However, pe investors in bharti infratel have nothing to cheer when bharti is launching one of the largest ipos in. Bharti infratel has won top telecom tower company of the year 2016 award at amity telecom national awards for excellence telefocus. After a long break, the ipo market in india is finally picking up pace. The ipo will constitute a new issue of equity shares by bharti infratel and offloading of stake by four investors. Bharti infratel history bharti infratel information the economic times. Jul 23, 2019 bharti infratel limited media release april 26. The business of bharti infratel is to acquire, build, own and operate tower and related infrastructure.
Thats 4% higher than bharti infratel s closing share price on monday. Ns stock quote, history, news and other vital information to help you with your stock trading and investing. Bharti infratel is a provider of tower and related infrastructure and on a consolidated basis, we are one of the largest tower infrastructure providers in india, based on the number of towers that bharti infratel owns and operates and the number of towers owned or operated by indus, that are represented by bharti infratels 42% equity interest in indus. Mar 12, 2018 the ipo will constitute a new issue of equity shares by bharti infratel and offloading of stake by four investors. Dec 11, 2012 bharti infratel ipo listing date is dec 28, 2012. Final post issue monitoring report dated january4,20 3 grade of issue along with name of the rating agency name crisil grade grade of. Bharti infratel is a provider of tower and related infrastructure and on a consolidated basis, we are one of the largest tower infrastructure providers in india, based on the number of towers that bharti infratel owns and operates and the number of towers owned or operated by indus, that are represented by bharti infratel s 42% equity interest in indus. The draft red herring prospectus will be updated upon filing with the roc book built issue bharti infratel limited the company was incorporated as bharti infratel limited on november 30, 2006, at new delhi, as a public limited company under the companies act, 1956, as amended the companies act. For the quarter ended march 2019, bharti infratel has posted a net profit of rs 3 bn up 23. The company was incorporated as bharti infratel limited on. Find information on red herring prospectus, red herring prospectus india, draft bharti infratel prospectus credit analysis and research prospectus.
Get bharti infratel buy sell tips by experts including news, detailed information, profit and loss account and more. Bharti infratel ipo draft red herring prospectus drhp pdf. The following disclaimer applies to the offering documents of certain companies filed with securities and exchange board of india and the registrar of companies in india the offering documents and each, an offering document hosted on this website in connection with a public offering of securities the issue that deutsche equities india private limited deipl is associated. The following disclaimer applies to the offering documents of certain companies filed with securities and exchange board of india and the registrar of companies in india the offering documents and each, an offering document hosted on this website in connection with a public offering of securities the issue. Nov 26, 2011 no decision yet on bharti infratel ipo. Adlabs entertainment ipo is a mainboard ipo of 20,326,227 equity shares of the face value of. The following disclaimer applies to the offering documents of certain companies filed with securities and exchange. Bharti infratel, a subsidiary of telecom major bharti airtel, is the companys leading telecom infrastructure player. This grade indicates that the fundamentals of the bharti infratel ipo are above average relative to the other listed equity securities in india. Bharti infratel limited 1 type of issue initial public offer 2 issue size rs. Bharti infratel is a provider of tower and related infrastructure sharing services. Akhil gupta as executive chairman of the company w.
The prospectus says some of the new funds will be used to install 4,8 new towers and upgrade existing towers. Dec 15, 2019 countrys second largest telecom tower company bharti infratel, a subsidiary of bharti airtel, said it has filed a draft red herring prospectus. The discount will be given on the final price of the ipo shares. In january 2008, bharti airtel transferred its towers to bharti infratel through a scheme of arrangement effective as of january 31, 2008. Bharti infratel has set a price band of between rs 210 and rs 240 a share for the issue of 188. Bharti infratels almostflop ipo is another proof of this.
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