Bharti Infratel Ltd. (BIL) was incorporated in 2006 as a subsidiary of Bharti Airtel, a global telecom company. Bharti Infratel is a provider of tower and related infrastructure and on a consolidated basis, it is one of the largest tower infrastructure providers in India, based on the number of towers that Bharti Infratel owns and operates and the number of towers owned or operated by Indus, that are represented by Bharti Infratel's 42% equity interest in Indus. 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 on a shared basis, under long-term contracts and we believe that there exists the possibility of providing additional services such as signal transmission and first level maintenance services in relation to customer equipment at towers. Bharti Infratel's and Indus' three largest customers are Bharti Airtel (together with Bharti Hexacom), Vodafone India and Idea Cellular, which are the three leading wireless telecommunications service providers in India by wireless revenue
Bharti Infratel has a nationwide presence with operations in all 22 telecommunications Circles in India, with Bharti Infratel's and Indus' operations overlapping in four telecommunications Circles. As of September 30, 2012, Bharti Infratel owned and operated 34,220 towers in 11 telecommunications Circles while Indus operated 1,10,651 towers in 15 telecommunications Circles. With Bharti Infratel's towers and Bharti Infratel's 42% interest in Indus, it has an economic interest in the equivalent of 80,656 towers in India as of September 30, 2012.
Issue opens on : Tuesday, December 11, 2012
Issue closes on : Friday, December 14, 2012
Price band : Rs 210 - 240 (Discount of Rs.10/- to Retail Individuals)
Bid Lot size : 50 Equity Shares and in multiples thereof
IPO Grading : “IPO Grade 4/5” by CRISIL
Issue size : Public offer of 188,900,000 equity shares of Rs.10 each