Today is the public subscription opening for Bharti Hexacom Limited's first public offering (IPO), a subsidiary of Bharti Airtel. Bidding for this will be open to retail investors through April 5.
On April 12, the company's shares will be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). With this offering, the company hopes to raise ₹4,275 crore. The current investors in the company are offering to sell 75,000,000 shares for ₹4,275 crore as part of a comprehensive offer.
We are letting you know how much you can invest in this IPO if you also intend to contribute money.
What is the investment amount that can be made, both minimum and maximum?
Retail investors must apply for a minimum of one lot, or 26 shares, in this IPO. The IPO price range has been set by the business at ₹542-₹570 per share. You will need to invest ₹ 14,820 if you apply for 1 lot at the IPO's upper pricing band of ₹ 570. Retail investors must pay ₹192,660 in order to bid on a maximum of 13 lots, or 338 shares.
Bharti Hexacom's gray market premium is 7.19%.
The company's shares have increased in value in the gray market to ₹ 41 per share, or 7.19%, prior to the IPO opening. In such a case, the listing may be at ₹ 611 based on the top price band of ₹ 570.
The business offers broadband and phone services.
Bharti Hexacom Limited is a 1995-founded company that offers internet and phone services. The states where the company offers its services are Rajasthan, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura. The company's customer base stood at 27.1 million as of December 31, 2023.
