Bharti Hexacom IPO: The IPO of Airtel’s subsidiary Bharti Hexacom may be listed on Friday (April 12). In the information given by BSE, it was said that the mainboard IPO will be listed on NSE and BSE in Group B security. The listing of shares will take place at 10:00 am on both the exchanges.
GMP of Bharti Hexacom IPO
According to InvestorGain.com website, the GMP of Bharti Hexacom’s IPO is running at Rs 125 per share. If seen according to GMP, its listing could be at Rs 695, a 22 percent premium compared to its issue price of Rs 570. Let us tell you, GMP is only an index and it keeps changing depending on the market conditions.
IPO got bumper subscription
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.
Latest Business News