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Right Issue Status: Closed [5th Oct 2021 to 21st Oct 2021]

Bharti Airtel Right Issue

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Bharti Airtel Right Issue Review

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NRI Form ⇒

Bharti Airtel right issue of 39.23 Cr shares worth issue size of Rs. 20,987.39 Cr opens for subscription from 5 Oct to 21 October 2021. The company issues 1 right equity share for every 14 fully paid-up equity shares held as on the record date, 28 Sep 2021. The right issue price is Rs. 535 per share and 25% or Rs. 133.75 is payable on the application and the remaining 75% worth Rs. 401.25 will be payable on the first & subsequent calls.

Bharti Airtel Right Issue Objective

The company aims to raise money from the right issue for the following objectives;

  1. To make prepayment and/or repayment of company's borrowings fully or partially and other liabilities of the company and its subsidiaries including deferred payment term obligations to DoT.
  2. Meet general corporate purposes.

Bharti Airtel Right Issue Details

Bharti Airtel Right Issue details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.

Bharti Airtel Right Issue Details
Bharti Airtel Issue Details Values
Category RightIssue
Right Issue Issue Size(Shares) 39.29 Cr Eq Shares
Right Issue Issue Size(Amount) ₹20,987.39 Cr
Face Value ₹5 Per Equity Share
Right Issue Issue Price ₹535
Right Issue Record Date 28th Sep 2021
Right Issue Entitlement 1 Right Issue for every 14 Equity shares held on the record date
Right Issue Terms of payment 25% or Rs. 133.75 is payable on the application and 75% or Rs. 401.25 will be payable on the two or more subsequent calls.
Listing At BSE, NSE
BSE Code 532454
NSE Code BHARTIARTL

Bharti Airtel Financials

Past performance and financial results of Bharti Airtel.

Bharti Airtel financial
Bharti Airtel Financials (₹ in Cr) 31-Mar-2021 31-Mar-2020
Total Assets ₹3,46,027 ₹3,60,779
Total Income ₹1,01,258.6 ₹86,212.2
Net Profit/Loss ₹(12364) ₹(30664)

Bharti Airtel Right Issue Strengths

  1. Leading and most-renowned brand name of "Airtel" in the telecom industry in India.
  2. Large subscriber base as the company is service 474 million customers over the world.
  3. International market presence in 18 countries including India, South Asian, and African markets.
  4. Extensive distribution and service network covering both rural and urban geographies.
  5. Experienced managers with a robust execution track record.

Bharti Airtel Right Issue Threats/Weaknesses

  1. The adverse impact of the COVID-19 outbreak on business performance.
  2. The Telecom industry is a highly regulated industry hence changing laws and regulations will have a direct impact on operations.
  3. Significant indebtedness in the business hence failure to meet debt covenants timely will affect its performance.
  4. Poor credit rating as currently, rated BBB- with a negative outlook by Fitch whereas Moody and S&P rated the firm with a stable outlook.

Bharti Airtel Right Issue Important Dates

In this section we have covered all important dates related to Bharti Airtel Right Issue. Dates are updated as they are announced. The most noted dates are Right Issue start date and Right Issue end date, which one should use to participate in Right Issue.

Bharti Airtel Right Issue important dates
Right Issue Activity Date
Right Issue Issue Open Date 5th Oct 2021
Right Issue Issue Close Date 21st Oct 2021
Basis of Allotment Finalisation Date* 28th Oct 2021
Refunds Initiation* 28th Oct 2021
Credit of Shares to Demat Account* 29th Oct 2021
Right Issue Listing Date* 1st Nov 2021

* - Tentative Dates

Bharti Airtel Right Issue Offer Document (Letter of Offer) >>Document

Bharti Airtel Right Issue Online Application (Registrar & Transfer Agent) >>Bharti Airtel Right Issue RTA information is not yet available.

Company Address

Bharti Airtel Limited
Airtel Center, Plot No. 16, Udyog Vihar, Phase-IV,
Gurugram,Haryana-122 015
India
Website: https://www.airtel.in/
Phone: +91 12 4422 2222
Email: [email protected]

Registrar

KFintech Private Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Website: https://karisma.kfintech.com/
Phone: 04067162222, 04079611000
Email: [email protected]

Lead Manager

  1. Kotak Mahindra Capital Company Limited
  2. ICICI Securities Limited
  3. JM Financial Consultants Private Limited
  4. J.P. Morgan India Private Limited
  5. BoA Merrill Lynch
  6. Citigroup Global Markets India Private Limited
  7. Goldman Sachs (India) Securities Private Limited
  8. HDFC Bank Limited
  9. Axis Capital Limited
  10. BNP Paribas
Bharti Airtel Right Issue Important dates - Issue Open Date, close Date, Right Issue Listing Date. Right Issue Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, Right Issue Listing date. What is the issue open date and close date for Bharti Airtel? Should I apply in Bharti Airtel Right Issue?

Last Updated on 2021-10-01T11:14:57+00:00


User Reviews

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5. Mr Jeevanandham Masilamani 9/30/2021 10:22:03 PM Reply
Bharti Airtel RightIssue expected listing gain.
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4. Zakir Ahmed 9/30/2021 10:22:03 PM Reply
Please confirm Bharti Airtel RightIssue GMP (grey market premium) and kostak.
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3. Rajesh 9/30/2021 10:22:03 PM Reply
Bharti Airtel RightIssue good or bad.
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2. Vinod  9/30/2021 10:22:03 PM Reply
Bharti Airtel RightIssue whether to invest or not.
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1. Manpreet 9/30/2021 10:22:03 PM Reply
Bharti Airtel RightIssue - CRISIL Rating, Apply or not?.
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