Bharti Hexacom IPO (Image Source: iStockphoto)
Bharti Hexacom IPO, a book built issue valued at Rs 4,275 crores, offering 7.5 crore shares for sale. The IPO was subscribed over 30 times.
Bharti Hexacom IPO Subscription Window
The bidding of Bharti Hexacom IPO commenced on April 3, 2024, and concluded on April 5, 2024.
Bharti Hexacom IPO Allotment Date
The allotment of Bharti Hexacom IPO is expected to finalise by Monday, April 8, 2024.
Bharti Hexacom IPO Listing Date
The Bharti Hexacom IPO is slated for listing on both BSE and NSE on Friday, April 12, 2024.
Bharti Hexacom IPO Price Band and Lot Size
The IPO price band is established at Rs 542 to Rs 570 per share, with a minimum lot size of 26 shares per application. Retail investors are required to invest a minimum of Rs 14,820. Institutional investors have varying minimum lot size investments, with sNII set at 14 lots (364 shares) amounting to Rs 207,480, and bNII at 68 lots (1,768 shares) totaling Rs 1,007,760.
Bharti Hexacom IPO GMP
As per multiple websites that track the grey market premium activities, the shares of Bharti Hexacom IPO are commanding a GMP in the price range of Rs Rs 50 – Rs 60 in the unlisted market.
Step By Step Guide To Check Bharti Hexacom IPO allotment status on BSE
Step 1. Visit the BSE official website’s allotment page
(https://www.bseindia.com/investors/appli_check.aspx)
Step 2. Under ‘Issue Type,’ select ‘Equity’
Step 3. Choose the IPO from the dropdown option under ‘Bharti Hexacom IPO’
Step 4. Enter PAN or application number
Lead Managers and Registrar
SBI Capital Markets Limited, Axis Capital Limited, Bob Capital Markets Limited, ICICI Securities Limited, and IIFL Securities Ltd act as the book running lead managers for the IPO. KFin Technologies Limited serves as the registrar for the issue.
Bharti Hexacom About
Bharti Hexacom Limited was established in 1995 and it specialises in offering fixed-line telephone and broadband services in Rajasthan and North East telecom circles of India. The company extends its services to states including Rajasthan, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura.
Objectives of Bharti Hexacom IPO
The primary objectives of the IPO include executing the Offer for Sale of up to 75,000,000 Equity Shares by the Selling Shareholder and realizing the benefits of listing the Equity Shares on the Stock Exchanges.
