Next upcoming mainboard IPO of Bharat FIH, a Foxcomm Technology Group company is the largest Electronics Manufactuing SErvices company in the country, serving top brands locally and the internationally.

    BHARAT FIH IPO Analysis @ Chanakyanipothi.com , India`s Oldest & most Trusted Investment Blog.Operational since 8th December 1999, We are the Only Investment Platform in India, which has successfully completed 22 Years

    BHARAT FIH IPO Grey Market News TodayBHARAT FIH IPO Analysis #
    On 15 July 2022 @ 7.00 pm
    Grey Market Premium Rs. 2.75 ( very few trades)
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    Subject to Rates : Rs. NIL

    BHARAT FIH IPO Company Details
    Bharat FIH is the largest Electronic Manufacturing Services provider in India, with approximately 15% market revenue share in Financial Year 2021 and more than twice the revenue of the second largest EMS provider in the country in Financial Year 2021, according to the F&S Report. In addition to its EMS services, which mainly comprise manufacturing services, it is building the capabilities to provide Original Equipment Manufacturers ,who are its brand-owning customers, with a comprehensive, vertically integrated “one-stop solution” comprising a range of Original Design Manufacturing (ODM) services including product design and development, component manufacturing and sourcing, logistics, and after-sales services. Its service offerings are aimed at enabling its customers to reduce manufacturing costs, improve supply chain management, reduce inventory obsolescence and product fulfilment time, and accelerate their time-to-market, time-to-volume and time-to-money requirements.

    Since it commenced operations in 2015, it has focused on the manufacturing of mobile phones. Bharat FIH is the largest EMS provider to the mobile phone industry in India, with 23% market revenue share in Financial Year 2021. It is the largest mobile phone manufacturing and assembly services
    provider to Xiaomi Technology India Private Limited , which is the leader in the Indian smart phone
    industry with 27% and 26% market share by volume in Financial Year 2021 and the six months ended 30 September 2021.

    In those periods it had a 39% and 50% share of Xiaomi’s mobile phone sales by volume. Since March 2021 Bharat FIH has been expanding its business into industries other than mobile phones, with a focus on highgrowth industries that benefit from market tailwinds, including mechanics, electric vehicles, televisions and hearables. Its applications for PLIs for the mobile phone, telecom and networking products, and IT hardware industries have been approved in October 2020, October 2021 and July 2021. India’s total addressable EMS market is expected to grow to US$135 billion by Financial Year 2026 with a CAGR of 30.3% between Financial Years 2021 and 2026, giving it substantial growth opportunities to diversify into these new high-growth industries and
    provide new categories of customers with a range of service offerings.
    Its campuses comprise an aggregate of 94 production lines, consisting of 29 surface mount technology (SMT) lines, 35 assembly lines and 30 sub-assembly mechanics lines. Its campuses are staffed by a workforce of over 25,000, of whom approximately 85% are women and for a majority of whom we offer accommodation at or near its campuses. Our operations are enhanced by our product research and development teams, including at a recently inaugurated R&D centre based at the Indian Institute of Technology (Madras) Research Park.
    Our revenues from operations in Financial Years 2019, 2020 and 2021 were Rs 343,453.89 million, Rs 266,355.58 million and Rs 158,548.58 million.
    Some of the qualitative factors 
    # Largest EMS provider in India by revenue market share, with the size, scale and competencies to pursue substantial growth opportunities in the EMS market;
    # Availability of PLIs;
    # Long-term, strategic relationships with industry leading OEM customers;
    # Large-scale, high quality and state-of-the-art manufacturing and assembly capabilities;
    # In-house capabilities across the ODM value chain, enabling vertical integration;
    # Ability to drive innovation through advanced research and development capabilities;
    # Resilient, capital efficient business with stable working capital cycle;
    # Experienced management with a demonstrated track record of delivering profitable growth; and
    # Strong parentage with global leadership, backed by experienced management.
    For more information, click https://www.bharatfih.com

    The Promoters of BHARAT FIH IPO
    Wonderful Starts Pte ltd and FIH Mobile Ltd

    BHARAT FIH IPO Main Objects
    1. Funding capital expenditure requirements of the Company towards upgradation and expansion of the existing campuses;
    2. Investment in the Subsidiary, RSHTPL, for financing its capital expenditure requirements;
    3. Funding working capital requirements of the Company

    BHARAT FIH IPO Details
    IPO opens on (?) , 2022
    IPO closes on (?) ,2022
    Issue Type: Book Built Issue IPO
    Issue : up to (?)Shares /Rs 5003.80 Crore
    * Fresh Issue of (?) Sh/ Rs. 2501.80 Cr
    * Offer for Sale Up to (?) Sh/ Rs.2501.80 Cr

    Face Value per share : Rs. 10
    BHARAT FIH IPO Price Band Per Equity Share: Rs. (?)
    BHARAT FIH IPO Retail Lot Size (?) Shares
    BHARAT FIH IPO Listing will at BSE,NSE

    Shares offered to
    QIB (?%) (?) Shares = Rs (?) Cr
    NII (?%) Shares = Rs (?) Crs
    RII (?%) Shares = Rs (?) Crs
    Lot size: (?) Shares = (?) Forms
    Min Retail Application : (?) Sh , Rs. (?)
    Max Retail Application : (?) Sh, Rs (?)

    BHARAT FIH IPO Analysis IPO Tentative timeTable
    BHARAT FIH IPO Analysis IPO Allotment on ? 2022
    Unblocking of ASBA ? 2022
    Credit to Demat Accounts ? 2022
    Listing on ? 2022

    BHARAT FIH IPO Analysis : Financial & Analytical Ratios
    Earnings per Share 2019-20 Rs 2.08
    Earnings per Share 2020-21,Rs 0.68
    Earnings per Share 2021-22 6M Rs 0.37
    Return on Net Worth: 19-20 14.57 %
    Return on Net Worth: 20-21: 5.71%
    Return on Net Worth: 21-22 6M : 3.05 %
    Equity Shares prior the IPO : 2,380,944,980 Shares
    Book Value of the Share as on 30.09.2021 Rs 12.29
    NAV per Equity Share after the Offer ?

    Ratio Analysis
    Upper Price Band/last EPS:
    Upper offer price/Book Value Ratio
    Upper offer price/BV after IPO Ratio:

    BHARAT FIH IPO Peer Comparison:
    Dixon Technologies @ PE Multiple of 206.62
    Amber Enterprises@ PE Multiple of 131.02

    BHARAT FIH IPO Lead Managers 
    Kotak Mahindra Capital Company, Citigroup Global Markets,BNP Paribas, HSBC Securities
    Registrar to BHARAT FIH IPO
    Kfin Technologies India pvt ltd.

    Registered Office of BHARAT FIH
    M-2B, DTA Area, SIPCOT Industrial Park, Phase – II Chennai Bangalore NH- 4, Sunguvarchatram, Sriperumbudur, Kancheepuram 602 106, Tamil Nadu,
    Company Secretary & Compliance Officer : Ramachandran Kunnath

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