IPO - Initial Public Offers - Bharti Infratel Limited IPO - Dec 14, 2012 in IPO's & MF's - Issue Price: Rs. 210 - Rs. 240 Per Equity Share
Issue Detail:
»» Issue Open: Dec 11, 2012 - Dec ...
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11-30-2012 08:15 PM
Bharti Infratel Limited IPO - Dec 14, 2012
Issue Price: Rs. 210 - Rs. 240 Per Equity Share
Issue Detail:
»» Issue Open: Dec 11, 2012 - Dec 14, 2012
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 188,900,000 Equity Shares of Rs. 10
»» Issue Size: Rs. 3,966.90 - 4,533.60 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Market Lot:
»» Minimum Order Quantity:
»» Listing At: BSE, NSE
Company Promoters:
The promoter of the company is Bharti Airtel.
Objects of the Issue:
The objects of the issue are to:
1. Installation of 4,813 new towers;
2. Upgradation and replacement on existing towers;
3. Green initiatives at tower sites;
4. General corporate purposes; and
5. Benefits of listing of the Equity Shares on the Stock Exchanges.
5% Discount for Retail Bidders The promoter of Bharti Infratel has offered 5% discount to retail investors in Bharti Infratel IPO shares. The discount will be given on the final price of the IPO shares.
Incorporated in 2006, Bharti Infratel Limited is a provider of tower and related infrastructure. Bharti Infratel is one of the world's largest telecom tower infrastructure providers which deploys, owns and manages telecom towers and communication structures for all wireless operators. The business of Bharti Infratel and Indus is to acquire, build, own and operate tower and related infrastructure.
Bharti Infratel and Indus currently provide access to their towers primarily to wireless telecommunications service providers. Bharti Infratel's and Indus's three largest customers are Bharti Airtel (together with Bharti Hexacom), Vodafone India and Idea Cellular. They are the three leading wireless telecommunications service providers in India by wireless revenue.
In India, Infratel has over 34,000+ towers, across 18 states, and 11 Telecom circles, and still growing. Bharti Infratel also has a 42% stake in Indus Towers which was created as a Joint Venture between Bharti Infratel, Vodafone and Aditya Birla Telecom to hive off the Towers business in 15 telecom circles.
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