IPO In April 2024: Bharti Hexacom, and more to Open this Month

IPO In April 2024 going to launch soon in the share market. Everyone investor is excited about the new releases. We will share details about upcoming new IPOs in April month. There are only a few announcements made till now. Many IPOs for April month are yet to come. Let us have a look at the upcoming IPO below. These companies have a good potential for growth. Thus, do have a look at the company’s IPO details once.

IPO In April 2024: Bharti Hexacom, and more to Open this Month

IPO In April 2024: IPOs to Open This Month

Company Name IPO Date
Bharti Hexacom Open date: 3 April 2024

Close date: 5 April 2024

VLCC Health Care Ltd (VLCC) April 2024 (expected)
Go First (Go Airlines) (GO FIRST) April 2024 (expected)
Ixigo (Le Travenues Technology Limited) (IXIGO) April 2024 (expected)
One MobiKwik Systems Ltd April 2024 (expected)
Healthvista April 2024 (expected)
SSBA Innovations April 2024 (expected)

Bharti Hexacom Limited is a telecom company providing telecommunications services in Rajasthan and North-East India. The company is also a subsidiary of Bharti Airtel. It will provide a face value of Rs. 5 per share with a Lot Size of 26 shares. There will be 75,000,000 shares in total constituting the offer-for-sale. The company is moving towards its goal at a full pace. The company is raising Rs. 4,275 crores.

The price band will be Rs. 542 to Rs. 570 per share, listing at BSE and NSE. The listing date for the IPO is expected to be 12 April 2024 with the allotment on 8 April 2024 (expected). The shares will be divided into QIB with more than 75%, Retail with more than 10%, and NII with more than 15%. The company is profitable. However, its profit is decreasing every year. While the revenue is maintaining a similar pace. The company had a revenue of Rs. 5,420.80 Crore by 31 Dec 2023 of financial year 2023-24. It has PAT (Profit After Tax) of Rs. 281.80 Crore. It seems hard that the company will be able to touch its previous year’s profit by the end of the last quarter.

In the previous year, the company made a profit after tax of Rs. 549.20 Crore. Thus, its revenue for the financial year 2022-23 is 6,719.20 Crore. The EPS post-IPO tends to fall to 7.51. It was 10.98 pre-IPO. Bharti Hexacom Limited has a net worth of Rs. 3,978.80 Crore. They have a current borrowing of Rs. 6,253 Crores, which is more than their revenue for the year now. However, if we look at the financial year 2021-22, the PAT (Profit After Tax) is Rs. 1,674.60 crores with a revenue of Rs. 5,494 crores. The IPO will launch in a few days. Other companies like VLCC, IXIGO, and GO First can announce their IPO date soon.

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