Company History - Bharti Airtel

Bharti Tele-Ventures was incorporated on July 7, 1995 as a company

with
limited liability under the Companies Act, for promoting
telecommunications services. Bharti Tele-Ventures received
certificate
for commencement of business on January 18, 1996. The Company was
initially formed as a wholly-owned subsidiary of Bharti Telecom
Limited.
A

IPO:

Procedures

Issuers
Issuers desirous of using NSE's online IPO system are required to comply with the following
procedures:

1. Submit a written request as per prescribed format (Letter1, Letter2, BRLM) for usage of
electronic facilities and software of NSE

2. Give details regarding Book Running Lead Manager, Co Book Running Lead Managers and
Syndicate Members.

3. Pay the requisite charges to NSE.

Trading Members
The Book Running Lead Manager will give the list of trading members who are eligible to participate in
the Book Building process to the Exchange. Members have to submit a one time undertaking to the
Exchange. Eligible trading members have to give in the prescribed format details of the user IDs that
they would like to use.

Subscribers
Subscribers can approach any of the approved trading members for submitting bids in the NEAT IPO
system. On line transaction registration slip are generated automatically after entering the bids in to
the system which acts as proof of the registration of each Bid option.

Technical Analysis – Bharti Airtel – 21st Feb

2010
Posted by admin
February 21, 2010

Bharti Airtel (Rs 278.8) – Bharti Airtel gave investors the jitters last week as it turned tail
following the announcement of its offer to buy the African operations of Kuwait
telecommunications company, Zain. The stock lost 14 per cent in the first two sessions of the
week as it plunged to the low of Rs 269.3.

The stock is in an intermediate-term downtrend since the May 2009 peak of Rs 518. The decline
last week is a resumption of this down-move. If we consider the Fibonacci retracement of the
stock’s up-move from the 2003 trough, it has strong long-term support at Rs 300 and then at Rs
230. Even while in the throes of the bear-market in October 2008, the stock did not fall below Rs
241. Further it is observed that the stock tends to rebound strongly intra-week in instances of
declines below Rs 270.

Long-term investors can therefore utilize declines to the zone between Rs 230 and Rs 270 to
accumulate the stock with stop at Rs 220. The stock could however remain choppy in the near-
term and a close above Rs 300 is needed to signal that it is on a path of sustainable recovery

IPO
Issuers

An Issuer Company can issue capital through book building in following two ways:

 75% Book Building process

The option of 75% Book Building is available to all body corporates that are otherwise eligible
to make an issue of capital to the public. The securities issued through the book building
process are indicated as 'placement portion category' and securities available to public are
identified as 'net offer to public'. In this option, underwriting is mandatory to the extent of the
net offer to the public. The issue price for the placement portion and offers to public are
required to be same.

 100% of the net offer to the public through Book Building process
In the 100% of the net offer to the public, entire issue is made through Book Building process.
However, there can be a reservation or firm allotment to a maximum of 5% of the issue size
for the permanent employees, shareholders of the company or group companies, persons
who, on the date of filing of the draft offer document with the Board, have business
association, as depositors, bondholders and subscribers to services, with the issuer making an
initial public offering.
The number of bidding centres, in case of 75% book building process should not be less than the
number of mandatory collection centres specified by SEBI. In case of 100% book building process, the
bidding centres should be at all the places where the recognised stock exchanges are situated.