Bharti Hexacom Limited IPO
The Bharti Hexacom Limited IPO aims to collect ₹4,275 crore. It involves selling 7.5 crore shares through a book-building process. Bharti Hexacom Limited offers phone and internet services in Rajasthan and North East India.
Bharti Hexacom IPO opens on April 3, 2024 and closes on April 5, 2024
Price band set at ₹542 to ₹570 per share
Company plans to raise ₹4,275 crore
Bharti Hexacom Limited’s IPO starts on April 3, 2024, aiming to raise ₹4,275 crore. You can subscribe until April 5, 2024. The company offers fixed-line phone and internet services, setting the IPO price between ₹542 to ₹570 per share.
Synopsis
Detail about Bharti Hexacom Limited
Here is detail about the Bharti Hexacom Limited IPO as it opens for subscription.
How much is the GMP of Bharti Hexacom Limited IPO?
GMP and Grey market premium of R K Swamy Limited has reached ₹55. GMP can be used to find out how much more premium a stock has reached than its IPO price band. From this, the profit on listing can be estimated. But keep in mind that the GMP of any IPO may reduce after reaching listing.
Bharti Hexacom IPO’s last Grey Market Premium (GMP) is ₹37. This is an estimated listing price of ₹607 (cap price + today’s GMP), indicating a potential gain/loss of 6.49% per share. We regularly update GMP, and recent trends show it’s leaning towards the lower side, ranging from ₹30 to ₹65.
Bharti Hexacom Limited IPO Price Band and Issue Size
The Bharti Hexacom Limited IPO will be sold at a price between ₹542 to ₹570 for each share. If you want to apply, you’ll need to buy at least 26 shares. Retail investors have to invest at least ₹14,820. For the sNII investment, you need to buy at least 14 lots, which is 364 shares, costing ₹207,480. And for bNII, you have to buy a minimum of 68 lots, which is 1768 shares, costing ₹ 1,007,760.
Bharti Hexacom Limited IPO Listing Date
Bharti Hexacom IPO will be listed on both the BSE and NSE, with a likely listing date of Friday, April 12, 2024.
Bharti Hexacom Limited IPO Allotment Date
Bharti Hexacom IPO allocation is set to be decided on Monday, April 8, 2024.
Bharti Hexacom Limited IPO Detail
- Open Date April 3, 2024
- Close Date April 5, 2024
- Face Value ₹5 per share
- Price Band ₹542 to ₹570 per share
- Lot Size 26 Shares
- Total Issue Size 75,000,000 shares (aggregating up to ₹4,275.00 Cr)
- Listing at BSE NSE
- Allotment Date Monday, April 8, 2024
- Listing Date Friday, April 12, 2024
About Bharti Hexacom Limited
Established in 1995, Bharti Hexacom Limited offers phone and internet services in Rajasthan and North East India. It operates in states like Rajasthan, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura. By Dec 31, 2023, it invested ₹206 billion in digital infrastructure. As of the same date, it served 27.1 million customers in 486 towns. It had 616 distributors and 89,454 retail touchpoints. It also had 19,144 thousand data customers, including 18,839 thousand 4G and 5G users.
Disclaimer: The information provided is for informational purposes only and does not represent financial advice or guidance. Investing in the stock market involves essential risks, and individuals should conduct thorough research or seek professional guidance before making any investment decisions. The content reflects the market situation at the time of writing and is subject to change. The author and platform do not guarantee the accuracy or completeness of the information and shall not be responsible for any losses or damages occurs from actions taken based on the provided information.
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