Bharti Hexacom IPO GMP Today: 100 pc Jump In Grey Market Premium On Last Day Of Bidding; Check Subscription Status And Other Details (image source: Canva)
Bharti Hexacom IPO GMP Today: The initial public offering (IPO) of telecom giant Bharti Airtel-backed Bharti Hexacom IPO is set to close tomorrow. The IPO’s grey market premium(GMP) price saw 100 per cent jump compared to the day one IPO subscription window opening day GMP. For interested investors today is the last day to apply for IPO. Check the latest GMP, key dates, price band, allotment and other details.
Bharti Hexacom Subscription Status
The IPO of Bharti Hexacom has been oversubscribed by 2.25 times. The public issue garnered subscriptions of 1.78 times in the retail category, 1.24 times in the Qualified Institutional Buyer (QIB) category, and an impressive 4.60 times in the Non-Institutional Investor (NII) category as of April 5, 2024, at 12:49:08 PM.
Bharti Hexacom IPO Details
Bharti Hexacom IPO, valued at Rs 4,275.00 crores, constitutes an offer to sell 7.5 crore shares. Here are the key details and timelines for interested investors.
Bharti Hexacom IPO Subscription Window Opening Date
Bharti Hexacom IPO opens for subscription on April 3, 2024.
Bharti Hexacom IPO Subscription Window Closing Date
Bharti Hexacom IPO subscription window will be open for 3 days and closes on April 5, 2024.
Bharti Hexacom IPO Price Band
Bharti Hexacom IPO price band ranges from Rs 542 to Rs 570 per share.
Bharti Hexacom IPO GMP Today: Check Latest GMP
According to the multiple unlisted market tracking websites. The grey market price (GMP) of Bharti Hexacom ranges from Rs 56 to Rs 60 per share.
Bharti Hexacom IPO Lot Size And Minimum Investment
The minimum lot size for the Bharti Hexacom IPO application stands at 26 shares. Retail investors are required to invest a minimum of Rs 14,820. Meanwhile, the minimum lot size investment for sNII (small Non-Institutional Investors) is 14 lots (364 shares), amounting to Rs 207,480, and for bNII (big Non-Institutional Investors), it is 68 lots (1,768 shares), totalling Rs 1,007,760.
Bharti Hexacom IPO Allotment Date
The allotment of Bharti Hexacom IPO is anticipated to be finalised on Monday, April 8, 2024.
Bharti Hexacom IPO Listing Date
Bharti Hexacom IPO is set to be listed on both BSE and NSE. The tentative listing date has been scheduled 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 are the book-running lead managers for the Bharti Hexacom IPO. Meanwhile, KFin Technologies Limited has been appointed as the registrar for the issue.
About Bharti Hexacom
Bharti Hexacom Limited was established in 1995 and specializes in delivering fixed-line telephone and broadband services primarily across Rajasthan and the Northeast telecom circles in India. Its operational footprint extends to states like Rajasthan, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura. By December 31, 2023, the company had made significant investments totalling Rs 206 billion in digital infrastructure capital expenditures to ensure its readiness for future demands. With a customer base of 27.1 million spread across 486 census towns as of December 31, 2023, Bharti Hexacom has established a strong presence. Furthermore, its distribution network comprises 616 distributors and 89,454 retail touchpoints, facilitating widespread accessibility of its services. Notably, as of December 31, 2023, the company boasted 19,144 thousand data customers, with the majority, 18,839 thousand, being 4G and 5G subscribers, indicative of its technological advancement and market penetration.
(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.)
