Produced by: Pawan Kumar Nahar
The initial public offering (IPO) of Bharti Hexacom opened for bidding on Wednesday, April 3, 2024. Check out the key details of the issue:
The issue can be subscribed between April 3 and April 5, 2024.
The company is offering its shares in the range of Rs 542-570 apiece.
Investors can make a bid for a minimum of 26 equity shares in its multiples thereafter.
The company is looking to raise Rs 4,275 crore via IPO by selling 7,50,00,000 equity shares.
The issue is entirely an offer-for-sale (OFS) by Telecommunications Consultants India. No proceeds shall go to the company.
Bharti Hexacom raised about Rs 1,924 crore through its anchor book. Allocated 3,37,50,000 shares at a price of Rs 565 apiece.
Bharti Hexacom commanded a premium of Rs 50-55 in the grey market, suggesting a listing pop of 9-10 per cent for the investors.
Book Running Lead Managers: SBI Capital Markets, Axis Capital, BoB Capital Markets, ICICI Securities, IIFL Securities Registrar: Kfin Technologies
Shares of the company are likely to be listed at both BSE and NSE on April 10, Wednesday.