Bhatia Communications & Retail Ltd IPO Detail

Bhatia Communications & Retail Ltd was established at 2008 in Surat, Gujarat.Bhatia Communications is engaged into retail and wholesale distribution business of mobile handsets, tablets, data-cards, mobile accessories, mobile related products etc. The 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 self-owned 72 retail outlets chain located all over the South Gujarat region including Surat, Vapi, Valsad, Navsari, Vyara etc. It also sells cellular mobile devices and accessories of all brands through its 24 franchisee retail chain dealers located in the South Gujarat region.

Initial public offer of 16,50,000 equity shares of face value of Rs.10 each (equity shares) of Bhatia Communications & Retail (India) Limited (company or issuer) for cash at a price of Rs. 150 per equity share (including a share Premium of Rs. 140 per equity share) (issue price) aggregating to Rs. 24.75 Crores (issue ) consisting of a freshIssue of 14,00,000 equity shares of face value of Rs.10 each (equity shares) for cash at a price of Rs. 150 per equity Share aggregating to Rs.21 Crores (issue) and 2,50,000 equity shares of face value of Rs.10 each (equity shares) for cash at a price of Rs. 150 per equity share aggregating to Rs. 3.75 Crores through an offer for sale by mr.Sanjeev Bhatia (referred as selling shareholder) of which 84,000 equity shares of face value of Rs.10.00 each for a Cash price of Rs. 150 per equity share, aggregating to Rs. 1.26 Crores will be reserved for subscription by market maker (market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 15,66,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs. 150 per equity share aggregating to Rs. 23.49 Crores (is hereinafter referred to as the net issue). The issue and the net issue will constitute 26.37% and25.03%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the issue price is Rs.150 each. The issue price is 15 times of the face value.

Bhatia Communications & Retail Ltd IPO Details
Issue Open	08-02-2018
Issue Close	12-02-2018
Allotment Date	19-02-2018
Unblocked Amount	20-02-2018
Listing Date	21-02-2018
Issue Share	16,50,000 Total Equity Share 14,00,000 Fresh Equity Share 2,50,000 OFS Equity Share 2,76,000 Reserved by Market Maker
Issue Size	₹ 24.75 Cr Total ₹ 21.00 Cr Fresh ₹ 3.75 Cr OFS
IPO Price Band	₹ 150
Minimum Share Bid	1000
Minimum Investment Amount [Rs]	₹ 1,50,000
Face Value	₹ 10
Retail Allocation	50%
Listing On	BSE SME
Premium [Per Share]	NA
Average Earning Per Share	NA
Expected Listing Gain	₹ -

Bhatia Communications & Retail Ltd IPO Financial details [in Rs, Cr]
Financial Year	Total Revenue	Total Expenses	Profit After Tax
FY-2013	74.3	73.9	0.2
FY-2014	104.1	103.6	0.4
FY-2015	110.6	110	0.3
FY-2016	96.1	95.6	0.3
FY-2017	133.5	132.5	0.5
H1-FY-2018	85.2	83.3	1.3

Bhatia Communications & Retail Ltd IPO Subscription Details
As on Date	QIB/NII	RII	Total
Shared Offred	7,83,000	7,83,000	15,66,000
Day-1 [08-02-2018]	6,56,000 [0.84]	27,000 [0.03]	6,83,000 [0.44]
Day-2 [09-02-2018]	11,67,000 [1.49]	50,000 [0.06]	12,17,000 [0.77]
Day-3 [12-02-2018]	15,55,000 [1.99]	5,73,000 [0.73]	21,28,000 [1.36]
Day-4 [-]	-[-]	-[-]	-[-]

Bhatia Communications & Retail Ltd IPO Valuation Details
Earnings Per Share [EPS]	₹ 0.98
Price/Earnings [P/E] Ratio	153.06
Return on Net Worth [RoNW]	20.91%
Net Asset Value [NAV]	₹ 68.90

Bhatia Communications & Retail Ltd IPO Contact Details
Bhatia Communications & Retail (India) Limited 132, Dr. Ambedkar Shopping Centre Ring Road Surat, Gujarat - 395 002 Phone: +91 0261 2349 892 Email: info@bhatiamobile.com Website: www.bhatiamobile.com

Registrar of Bhatia Communications & Retail Ltd IPO
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED Address: Unit no. 9, Shiv Shakti Ind. Est. J.R. BorichaMarg, Lower Parel, (E), Mumbai – 400011 Tel No: +91-022-23016761/8261 Fax No: +91-022-2301 2517 SEBI Registration NO: INR000001112 Email Id: busicomp@vsnl.com / busicomp@gmail.com Website: www.purvashare.com Contact Person: Mr. V.B. Shah / Ms. Purva Shah

Lead Managers of Bhatia Communications & Retail Ltd IPO
GUINESS CORPORATE ADVISORS PRIVATE LIMITED 18 Deshapriya Park Road, Kolkata - 700 026, West Bengal, India Tel: +91 - 33 - 3001 5555; Fax: +91 - 33 - 3001 5531 Email:gcapl@guinessgroup.net Investor Grievance Email: gcapl.mbd@guinessgroup.net Website: www.guinessonline.net Contact Person: Mr. Devendra Shah / Ms. Alka Mishra SEBI Registration No.: INM 000011930

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Bhatia Communications & Retail Ltd IPO Recommendations
Live IPO Team Recommendation:- Avoid