Bharti Hexacom IPO GMP Today Price: Jump in Grey Market Premium Ahead of Listing on Friday; Check Share Price Expectation
Bharti Hexacom IPO GMP Today Price, Bharti Hexacom Expected Listing Date Share Price: Bharti Hexacom shares are set to be listed on the bourses on Friday, 12th April. The company’s Rs 4,275 crore IPO was entirely an offer of sale (OFS) of 7.5 crore equity shares, indicating a 15 per cent stake by Telecommunications Consultants India Ltd, with no fresh issue component. Bharti Hexacom will not receive any proceeds from the IPO. At present, promoter Bharti Airtel holds a 70 per cent stake and the remaining 30 per cent stake is owned by Telecommunications Consultants India. The Bharti group’s previous IPO of Bharti Infratel, now known as Indus Towers, was in 2012. This is the first public issue of the financial year 2024-25.
Bharti Hexacom IPO GMP Price Today
According to multiple websites that track the grey market premium activities, the shares of Bharti Hexacom are commanding a GMP in the price range of Rs 80 in the unregulated market.
Bharti Hexacom IPO Subscription Status
The maiden share sale received 29.88 times subscription after getting an overwhelming response from the investors on the final day of bidding on Friday. The initial share sale of Bharti Hexacom received bids for 1,23,24,83,460 shares against 4,12,50,000 shares on offer, according to the NSE data. The category for Qualified Institutional Buyers (QIBs) received 48.57 times subscription, while the portion for non-institutional investors received 10.52 times subscription, and the quota for Retail Individual Investors (RIIs) got subscribed 2.83 times. On Tuesday, Bharti Airtel’s arm Bharti Hexacom said it has collected about Rs 1,924 crore from anchor investors. The company had fixed a price band of Rs 542-570 per share.
Bharti Hexacom Expected Share Price
Bharti Hexacom shares are likely to be listed at Rs 650 at the current GMP of Rs 80, calculated on the upper price band of Rs 570, showing a rise of 14.03 per cent, as of 10th April.
Bharti Hexacom provides telecommunication services in Rajasthan and the Northeast. At the upper end of the price band, the IPO size was Rs 4,275 crore.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Today Technology Market ResearchDigital suggests its readers/audience to consult their financial advisors before making any money related decisions.)
