Can you tell me about the proposed Rs.5,000 crore IPO of Bharat FIH?
Answer
Answer
Bharat FIH is a subsidiary of Taiwan based Foxconn, one of the world leaders in electronic manufacturing services (EMS) outsourcing. It has filed DRHP with SEBI for its proposed Rs.5,004 crore IPO. This IPO will comprise of a fresh issue of Rs.2,502 crore and an offer for sale of Rs.2,502 crore. Bharat FIH has 15% market share in EMS services to OEM players and is the largest manufacturing and assembly partner to Xaomi of China. It is also a PLY play.