Bharti Hexacom IPO GMP: Check Issue Size, Price Band, Key Subscription Window Dates, Allotment And Other Details (image source: Canva)
Bharti Hexacom IPO GMP: The initial public offering of Bharti Hexacom is just around the corner. A lot of anticipation is built around the Bharti Hexacom IPO. Check the latest GMP, issue size, price band, allotment date and other details here.
Bharti Hexacom IPO Objective
Bharti Hexacom plans to conduct its IPO, intending to offer up to 75,000,000 Equity Shares through an Offer for Sale by the Selling Shareholder. The primary objective is to realize the advantages of listing the Equity Shares on the Stock Exchanges.
Bharti Hexacom IPO Issue Size
The Bharti Hexacom IPO comprises a book-built issue of 7.5 crore shares, with the entire issue being an offer for sale of 7.5 crore shares.
Bharti Hexacom IPO Anchor Bidding
Anchor investor bidding for Bharti Hexacom IPO is set to commence on April 2, a day before the IPO opens for subscription.
Bharti Hexacom IPO Subscription Window Opening Date
The subscription window of the Bharti Hexacom IPO opens on April 3, 2024.
Bharti Hexacom IPO Subscription Window Closing Date
Bharti Hexacom IPO subscription window will be open for three days and closes on April 05, 2024.
Bharti Hexacom IPO Price Band
Bharti Hexacom IPO price band is yet to be declared
Bharti Hexacom IPO GMP Today: Check Latest GMP
According to multiple unlisted market tracking websites. The grey market price of Bharti Hexacom IPO is priced at Rs 50 per share.
Bharti Hexacom IPO Allotment Date
The allotment for the Bharti Hexacom IPO is anticipated to be completed on Monday, April 8, 2024.
Bharti Hexacom IPO Listing Date
Bharti Hexacom IPO is scheduled to be listed on the BSE and NSE, with a tentative listing date set for Friday, April 12, 2024.
Bharti Hexacom IPO Registrar And Book Running Lead Managers
SBI Capital Markets Limited, Axis Capital Limited, Bob Capital Markets Limited, ICICI Securities Limited, and IIFL Securities Ltd serve as the book running lead managers for the Bharti Hexacom IPO, with KFin Technologies Limited appointed as the registrar for the issue.
About Bharti Hexacom
Bharti Hexacom was founded in 1995, Bharti Hexacom Limited operates as a provider of fixed-line telephone and broadband services primarily in the telecom circles of Rajasthan and North East India. It extends its services across various states including Rajasthan, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura. By December 31, 2023, the company had invested a substantial amount of Rs 206 billion in digital infrastructure capital expenditures, positioning itself for future growth. With a customer base of 27.1 million spread across 486 census towns as of the same date, Bharti Hexacom boasts a vast distribution network comprising 616 distributors and 89,454 retail touchpoints. Moreover, it recorded 19,144 thousand data customers by December 31, 2023, primarily consisting of 4G and 5G subscribers.
Despite the IPO, Bharti Airtel, the parent company, will maintain its 70 per cent stake in Bharti Hexacom, while TCIL’s stake will decrease to 15 per cent. The IPO is scheduled to conclude on April 5. Industry experts anticipate the government to generate revenues of approximately Rs 5,000 crore from the 15 per cent TCIL stake sale in Bharti Hexacom
