About Bharti Hexacom
Bharti Hexacom Limited is a telecommunications solutions provider that offers mobile, fixed-line telephone, and broadband services to customers in the Rajasthan and North East telecommunication circles in India.
These circles include the states of Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura. The company operates under the brand name ‘Airtel’. In terms of revenue market share
Bharti Hexacom IPO Overview
- IPO Date: April 3, 2024, to April 5, 2024
- Listing Date: Tentatively set for Friday, April 12, 2024
- Price Band: ₹542 to ₹570 per share
- Lot Size: 26 shares
- Total Issue Size: 75,000,000 shares (aggregating up to ₹4,275.00 crores)
- Offer for Sale: Entirely an offer for sale of 7.5 crore shares
Subscription Details
- QIB (Qualified Institutional Buyers): 30.00% of the shares offered
- NII (High Net Worth Individuals): 15.00% of the shares offered
- RII (Retail Individual Investors): 10.00% of the shares offered
- Anchor Investors: 45.00% of the shares offered
Grey Market Premium (GMP)
The Grey Market Premium (GMP) for Bharti Hexacom’s IPO currently stands at ₹60 per share in the grey market. This indicates that there is a premium of ₹60 over the IPO price in the unofficial market.
Based on this GMP the estimated listing price for the shares is expected to be ₹630, which is approximately 10.52% higher than the upper price band of ₹570.
How to check the allotment status for the Bharti Hexacom Limited IPO
You can check the allotment status for the Bharti Hexacom Limited IPO on the Registrar website – Kfin Technologies Limited
Investor Categories
- Retail Investors: Minimum investment required is ₹14,820
- sNII (Small Non-Institutional Investors): Minimum lot size investment is 14 lots (364 shares), amounting to ₹207,480
- bNII (Big Non-Institutional Investors): Minimum lot size investment is 68 lots (1,768 shares), amounting to ₹1,007,760
Anchor Investors
Bharti Hexacom IPO raised ₹1,923.75 crore from anchor investors. The anchor bid date was April 2, 2024. The lock-in period for 50% of the anchor investor shares ends on May 8, 2024, and for the remaining shares, it ends on July 7, 2024
