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Bharti Hexacom Share Price: Bharti Hexacom shares made a bumper debut on the bourses at the moment. The shares bought listed at a 32.4 per cent premium of Rs 755, as in opposition to the IPO value of Rs 570. The itemizing positive factors beat analyst estimates of a 12-15 per cent premium.
Bharti Hexacom IPO Details
This will mark the primary public providing within the 2024-25 fiscal 12 months. The firm’s IPO is solely a proposal-for-sale (OFS) of seven.5 crore fairness shares, indicating a 15 per cent stake by Telecommunications Consultants India Ltd, with no contemporary problem part.
The minimal lot dimension for an software is 26 shares. The minimal quantity of funding required by retail traders is Rs 14,820. The minimal lot dimension funding for small NII is 14 tons (364 shares), amounting to Rs 2,07,480, and for large NII, it’s 68 tons (1,768 shares), amounting to Rs 10,07,760.
Bharti Hexacom’s Rs 4,275-crore IPO — India’s largest public problem in a single 12 months — had garnered sturdy subscription figures at almost 30 occasions its allotted quota. Qualified institutional traders led the pack, subscribing 48.57 occasions their allocation. Non-institutional traders adopted carefully, shopping for 10.52 occasions their portion, whereas retail traders confirmed robust curiosity by subscribing 2.83 occasions the reserved portion.
Since it’s a proposal-for-sale or OFS, Bharti Hexacom won’t obtain any proceeds from the IPO. At current, promoter Bharti Airtel holds 70 per cent stake and the remaining 30 per cent stake is owned by Telecommunications Consultants India.
Bharti Hexacom offers telecommunication providers in Rajasthan and the North East. At the higher-finish of the value band, the IPO dimension will probably be Rs 4,275 crore. About 75 per cent of the difficulty dimension has been reserved for certified institutional consumers (QIBs), 15 per cent for non-institutional traders and the remaining 10 per cent for retail traders.
Bharti Hexacom, which filed its preliminary IPO papers with Sebi on January 20, obtained its nod on March 11, to drift the maiden public problem. SBI Capital Markets, Axis Capital, BOB Capital Markets, ICICI Securities, and IIFL Securities are the guide-working lead managers of the general public problem.
