The Foxconn group Indian subsidiary Bharat FIH is a company who mostly deals in contract manufacturing and provides electronic manufacturing services(ems) especially of mobile phones and it's components in India mostly for Xiaomi phones in India.
Bharat FIH is a subsidiary of FIH Mobile which itself is a subsidiary of electronics manufacturing giant Taiwan-based Foxconn group and now it has filed it's draft red herring prospectus(DRHP) papers for an initial public offering(IPO) of Rs.5,000 Crores($663 millions USD) at the Indian Stock Exchange which has been approved by the Securities and Exchange Board of India(SEBI), a body who manages Indian stock market.
However one thing to be noted is that FIH mobile does not directly hold shares in Bharat FIH but it owns Wonderful stars who with it's nominees holds about 99.97% of the share in the company.
When it was announced that Bharat FIH filed it's IPO for Indian stock exchange. The FIH mobile shares which are listed at Hong Kong Stock Exchange saw a jump in it's price.
The 5,004 Crores IPO comprises a fresh issue of Rs.2,502 Crores means a offer for sale(OFS) upto Rs 2,502 Crores worth of shares. The company will be listed at both National Stock Exchange (NSE) and Bombay Stock Exchange(BSE).
Currently the Bharat FIH including all the other Foxconn's business in India claims to be the largest company in India's electronics manufacturing services sector with 15% share of revenue in the market. It has other rivals like Flex, Wistron and homegrown electronics manufacturing supplier Dixon Technologies.
Bharat FIH currently operates three manufacturing plants across the country with one in Andhra Pradesh and two in Tamil Nadu. And employs more than 25,000 people and claims that 85% of it's workforce is consists of women. And they are the biggest supplier of Xiaomi phones in India and that is where they gets most of their revenues in India.