The listing date of the country’s leading telecom company Bharti Hexacom has been decided. The company’s shares will be listed on Friday (April 12). According to the information, all the investors who have got allotment in the IPO. The shares will be credited to their demat account by Wednesday (April 10). At the same time, those investors who have not received allotment. The money will be credited to their bank account.
GMP of Bharti Hexacom IPO
According to Investgain.com, the GMP of Bharti Hexacom IPO is hovering around Rs 98. That means the listing of Bharti Hexcom’s IPO can be above Rs 98. According to GMP, the listing could be Rs 666 per share i.e. the IPO price could be Rs 570 to Rs 666 per share. Let us tell you, GMP is only an index. It changes according to market sentiment. Many times the IPO is listed at a price lower than the GMP.
Subscription received 28.99 times
Bharti Hexacom’s IPO received 29.88 times subscription. The retail individual investors (RII) category received 2.83 times subscription, while the non-institutional investors category received 10.52 times subscription. At the same time, the portion of qualified institutional investors (QIB) got subscription 48.57 times.
Bharti Hexacom IPO
Bharti Hexacom IPO was open for general investors from April 03 to April 5. This entire IPO was OFS. In this the company has raised about Rs 4,275 crore. Its price band was from Rs 542 to Rs 570. The lot site of this IPO was 26 shares. Bharti Airtel is the promoter of this company and holds about 70 percent shares. Bharti Hexcom was established in 1995. The company provides fixed line telephone and broadband services in Rajasthan and North-East Telecom Circle. Its listing will be on NSE and BSE.
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