Mumbai: Bharti Hexacom Limited IPO, a book built issue of Rs 4,275.00 crores, will open pens for subscription on April 3, 2024 and close on 5th April 5. The price band has been fixed in the range Rs 542 to Rs 570 per equity share, with a face value of Rs 5. Bharti Hexacom is the arm of telecom giant Bharti Airtel.
Anchor investors can bid for the first IPO of the financial year 2024-25 on April 2.
Bharti Hexacom IPO allotment, other details
The Bharti Hexacom Limited IPO is expected to be allotted on April 8, 2024, while the process of initiation of refunds would take place from April 10. The shares of the Bharti Hexacom Limited are likely to be credited to the Demat accounts of eligible shareholders on 10th April. The stock will be listed on BSE, NSE with a tentative date April 12.
75 per cent of Bharti Hexacom IPO reserved for qualified institutional buyers (QIBs), no more than 15 per cent for non-institutional investors (NIIs), and a maximum of 10 per cent has been kept for retail investors.
The retail investors have to bid for a minimum lot size of 26 shares which would require a minimum amount of investment of Rs 14,820. The minimum lot size investment for sNII is 14 lots, and for bNII it is 68 lots.
Bharti Hexacom IPO GMP
Bharti Hexacom IPO GMP is at Rs 35-37 reports suggest. The shares of th atre telecom company trading at a premium of Rs 35-37 in the grey market premium.
Book running lead managers of the Bharti Hexacom IPO: SBI Capital Markets Limited, Axis Capital Limited, Bob Capital Markets Limited, ICICI Securities Limited and Iifl Securities Ltd. Kfin Technologies Limited is the registrar for the issue.
Bharti Hexacom provides telecommunication services in Rajasthan and states in some North East, including Manipur, Meghalaya, Arunachal Pradesh, Mizoram, Nagaland and Tripura.