About Bharat FIH IPO
In 2014, Nokia closed its mobile manufacturing operations in India due multiple local challenges. This put a dampener on India’s electronic manufacturing services (EMS) space. However, this subdued sentiment was short-lived.
The following year, Bharat FIH – a part of Taiwan headquartered Foxconn Technology Group – commenced its journey in India with a focus on mobile phone manufacturing.
Since then, the company has made strong inroads in the country, riding on the increasing mobile phone penetration. Today, it is the largest EMS provider to the mobile phone industry in India, with 23% market revenue share in FY21. In fact, it is the largest mobile phone manufacturing and assembly services provider to Xiaomi, which is the leader in the Indian smartphone industry.
Besides this, it has also started catering to high-growth industries such as mechanics, electric vehicles, televisions, telecom and hearables. And now, the company is planning to launch the Bharat FIH IPO to raise money. The money raised through the fresh issue of the Bharat FIH Ltd IPO will be used to expand the mobile manufacturing capacity as well as further fuel the diversification of the business.
Here are key details about Bharat FIH IPO:
A quick look at Bharat FIH IPO’s strengths, risks and threats
Risks and threats
Bharat FIH IPO details
| Bharat FIH IPO date
The company has filed its Draft Red Herring Prospectus (DRHP) with the market regulator SEBI. It has also received a nod from SEBI to launch its IPO. But the Bharat FIH IPO’s opening date – in other words, the Bharat FIH IPO launch date – hasn’t been announced yet. The Bharat FIH IPO closing date also hasn’t been declared. Along with these dates, investors will be updated about the Bharat FIH shares allotment date.
Investors, who receive allotment, can expect Bharat FIH shares to be credited in their demat account after the allotment date. Besides this, the Bharat FIH IPO listing date hasn’t been announced yet. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. Stay tuned with Uptox for all the key updates about the Bharat FIH IPO.
| Bharat FIH IPO price band
The Bharat FIH IPO is a book-built issue. The Bharat FIH IPO price band hasn’t been set yet. The price band is a price range within which investors can apply for the IPO. When the Bharat FIH IPO opens, interested investors will have to choose a price within the band to apply for the public issue.
Also, the Bharat FIH IPO listing price will be determined on the listing date. The listing price is the price at which the shares of a company make their debut on the stock exchanges.
| Bharat FIH IPO lot size
The Bharat FIH IPO details haven’t been declared. Hence, the Bharat FIH IPO lot size also hasn’t been announced yet. It’s important to note that an investor can apply for a minimum of 1 lot. Meanwhile, according to the news reports, the Bharat FIH IPO issue size could be around ₹5,000 crore.
How to apply for the Bharat FIH IPO?
If you are interested in this investment opportunity but unsure how to apply for the Bharat FIH IPO, here we are listing out the steps for you.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Bharat FIH IPO on Upstox:
How to check the Bharat FIH IPO allotment status?
When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes.
Here’s a step-by-step guide on how to check the Bharat FIH IPO allotment status:
Upstox – trading app to apply for the Bharat FIH IPO
You can apply for the Bharat FIH IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.
In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.
Pre-applying for the Bharat FIH IPO means applying for this public issue before it goes live. However, pre-apply for the Bharat FIH IPO isn’t open currently.
The pre-apply for the Bharat FIH IPO usually begins two days before the launch date. After pre-applying, once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the Bharat FIH IPO opens for subscription.
The dates for the Bharat FIH IPO haven’t been announced yet.
The details about the Bharat FIH IPO’s lot size haven’t been announced yet.
The price band for the Bharat FIH IPO isn’t available currently.
The size of the Bharat FIH IPO has not been announced yet.
You can place up to three bids for an application.
No, the bids have to be placed at one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
The date for crediting Bharat FIH shares to the demat account has not been announced yet.
Bharat FIH shares will on NSE and BSE
The listing date has not been announced yet.