Bhatia Communications & Retail IPO is set to make its debut on 8th feb 18 with 24.75 cr is Surat Gujrat based company engaged into retail and wholesale distribution business of mobile handsets, tablets, data-cards, mobile accessories, mobile related products etc.
Bhatia Communications & Retail IPO – overview
| IPO Dates | 8-12 Feb 18 |
| IPO Price | INR 150 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 1,650,000 shares (INR 24.75 crore) |
| Minimum bid (lot size) | 1000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Company Overview
Incorporated in 2008, Bhatia Communications & Retail (India) Limited is Surat Gujrat based company engaged into retail and wholesale distribution business of mobile handsets, tablets, data-cards, mobile accessories, mobile related products etc. Company sells smart mobile handsets of all the brands including Apple I-Phone, Samsung, OPPO, GIONEE, VIVO etc., mobile related products, tablets, data cards, accessories under one roof through its owned 72 retail outlets and 24 franchisees located all over the South Gujarat region including Surat, Vapi, Valsad, Navsari, Vyara etc.
The company also provides credit/EMI facilities to its customers for buying its products for which it has tied up with major leading credit houses like Bajaj FinServ, Capital First etc.
The company purchases the phones either from distributors or directly from the manufacturers. Bhatia Communications have 84 full-time employees.
Objects of the Issue
1.Long-term Working capital requirement
2. General Corporate Purpose,
3. Meeting Public Issue Expenses.
Company Financials
| Particulars | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
| Total Assets | 250.12 | 178.48 | 183.34 |
| Total Revenue | 1334.91 | 960.81 | 1105.74 |
| Profit After Tax | 4.78 | 3.09 | 3.42 |
Company Contact Information
Bhatia Communications & Retail (India) Limited
132, Dr. Ambedkar Shopping Centre,
Ring Road, Surat 395 002.
Phone: 0261-2349892
Email: info@bhatiamobile.com
Website: http://bhatiamobile.com/
Bhatia Communications IPO Registrar
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: busicomp@gmail.com
Website: http://www.purvashare.com
Bhatia Communications IPO Lead Manager(s)
- Guiness Corporate Advisors Pvt Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
