Investors are gearing up as Bharti Hexacom, a subsidiary of Bharti Airtel Group, unveils its IPO today.
With the potential to yield substantial returns, this IPO presents a golden opportunity for investors to capitalize on the telecom giant’s expansion plans.
Here’s a comprehensive look at what investors need to know.
Key Details of Bharti Hexacom IPO
The Bharti Hexacom IPO opens on April 3, 2024, and will close on April 5, 2024. Priced between Rs 542 to Rs 570 per share, the company aims to raise Rs 4,275 crore through this offering.
The listing date is set for April 12, 2024, with the shares set to be listed on both BSE and NSE. The issue size stands at Rs 4,275 crore, with a face value of Rs 5 per share.
Investment Requirements and Allotment
To participate in the Bharti Hexacom IPO, investors are required to make a minimum investment of Rs 14,092.
Each lot size consists of 26 shares. Investors can invest a maximum amount of Rs 2 lakh in this IPO.
Grey Market Premium (GMP) Analysis
Currently, the company’s shares are trading at a premium of 7.02 percent in the grey market.
Notably, Bharti Hexacom will not issue fresh shares in this IPO; instead, it plans to sell all existing shares through an offer for sale. The IPO comprises the sale of approximately 7.5 crore shares.
Business Overview of Bharti Hexacom
Bharti Hexacom is a telecom solutions provider operating across various regions in India. With a strong presence in states like Rajasthan, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura, the company caters to a diverse customer base.
Currently, Rajasthan boasts the highest number of customers for Bharti Hexacom.
