Bharti Hexacom Limited is going public with its initial public offering announcement, it will open and close on 3 and 5 April 2024, respectively. Investors looking to invest in telecom and broadband services have an exciting opportunity to invest in Bharti Hexacom with its upcoming IPO.
Bharti Hexacom Limited IPO
Recently, Bharat Hexacom Limited announced the schedule of its first public issue of Equity shares of the company. According to the announcement, the IPO will be open for application on 3 April 2024.
The Bharti Hexacom IPO will wrap up on 5th April 2024. The share allotment of the Bharati Hexacom IPO is scheduled for 8 April 2024.
The refund initiation for the subscribed shares that were not allotted to you in the share allotment will be initiated on 10 April 2024.
As per the announcement, the company plans to list the shares on BSE on 12 April 2024. You will receive the amount of shares allotment to your Demat account from 10 April 2024.
| Dates | Bharti Hexacom Limited IPO |
| 3 April 2024 | IPO Opening Date |
| 5 April 2024 | IPO Closing Date |
| 8 April 2024 | IPO allotment Date |
| 10 April 2024 | Refund Initiation Date |
| 12 April 2024 | IPO Listing Date |
| 5 April 2024 | UPI mandate confirmation cut-off time |
Bharti Hexacom Limited IPO Details
The Bharti Hexacom Limited offers an IPO issue that contains 75,000,000 equity shares for sale. The company plans to raise Rs 4,275 crore from the upcoming IPO.
The price band of the Bharti Hexacom IPO issue is mixed at ₹542 to ₹570 per equity share with a face value of ₹5 per equity share.
The minimum lot market size for the upcoming IPO of Bharti Hexacom is 26 shares.
The registrar of the Bahrti Hexacom IPO decided after the IPO pitch is Kfin Technologies Limited and the book-running lead managers are IIFL Securities Ltd., SBI Capital Markets Ltd., BOB Capital Markets Ltd., Axis Capital Ltd., and ICICI Securities Ltd.
The company aims to get the benefits of listing the equity shares of the company to the BSE.
| Company | Bharti Hexacom Limited |
| IPO issue Size | Up to 7.5 crore equity shares (matches up to ₹4,275 crore) |
| Issue type | Book Built Issue |
| Face Value | ₹5 per equity share |
| OFS | Up to 7.5 crore equity shares (matches up to ₹4,275 crore) |
| Price band | ₹542 to ₹570 per equity share |
| Lot Size | 26 shares |
| Listing at | BSE, NSE |
Bharti Hexacom IPO Reservations and Lot Size
The company has reserves the shares offered to the following investor categories of the net issue in the following percentage:
| Investor Category | Shares Offered |
| Qualified Institutional Buyers (QIB) | Not more than 75% |
| Retail Investors | Not more than 10% |
| Non-Institutional Investor (HNI) | Not more than 15% |
The minimum market lot size that an investor can subscribe to in one lot is 26 shares, with a minimum investment amount of ₹14,820. The lot shares then multiply thereafter with the lot size for the investor category in the following manner:
| Investor category | Lot | Shares | Amount |
| Retail (min.) | 1 | 26 | ₹14,820 |
| Retail (max.) | 13 | 338 | ₹192,660 |
| S-HNI (min.) | 14 | 364 | ₹207,480 |
| S-HNI (max.) | 67 | 1742 | ₹992,940 |
| B-HNI (min.) | 68 | 1768 | ₹1,007,760 |
Bharti Hexacom Limited IPO GMP
After the announcement of Bharti Hexacom IPO, the grey market premium trends of the IPO have updated to ₹31, which is currently going towards a downtrend.
Based on the latest IPO GMP trend, the estimated listing price of Bharti Hexacom IPO is ₹601 with an expected portion of loss/gain per share of around 5.44%.
The Bharti Hexacom IPO GMP trends from the last six sessions are as follows:
| GMP Date | IPO Price | IPO GMP | Subject to Sauda Rate | Listing Price Estimation |
| 28 March 2024 | 570 | ₹31 ↓ | 600 (Retail)/ 8400 (S-HNI) | ₹501 |
| 27 March 2024 | 570 | ₹40 ↑ | 800 (Retail)/ 11200 (S-HNI) | ₹610 |
| 26 March 2024 | 570 | ₹30 ↓ | 600 (Retail)/ 8400 (S-HNI) | ₹600 |
| 25 March 2024 | – | ₹50 | – | ₹50 |
| 24 March 2024 | – | ₹50 ↓ | – | ₹50 |
| 23 March 2024 | – | ₹65 | – | ₹65 |
The current trends of the Bharti Hexacom IPO GMP indicate towards the lower side of signals. But still, there are few days left for the IPO opening of Bharti Hexacom Limited which may affect the current trends of IPO GMP. Remember, GMP is not the only deciding factor for your investment decision, so do your own research before making any investment decision.
The market capitalization of Bharati Hexacom IPO is around ₹2,85,000 crore with 7.08% RoNW. The Bharti Hexacom Ltd. offers its services under the Airtel brand offering the company a strong customer base in Rajasthan and North East India. According to its financial performance, investors may receive medium to long-term benefits from the company.
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