Bharti Hexacom IPO: The IPO of Bharti Hexacom, the country’s second largest telecom company, is going to open for general investors from April 3, 2024. This IPO is a complete OFS i.e. Offer for Sale. In this, 7.5 crore shares of face value of Rs 5 are being sold by Telecom Consultants India Limited.
Know 5 important things about Bharti Hexacom IPO before investing.
- IPO price band and issue size: The price band of Bharti Hexacom’s IPO has been fixed at Rs 542 to Rs 570 per share. The lot size of this IPO has been fixed at 26 shares. Its issue size is Rs 4,275 crore.
- Objective of bringing IPO: In the information given by the company, it was said that the objective of this IPO is to sell 7.5 crore equity shares through Offer for Sale by a shareholder and to take advantage of the stock market by getting listed on the stock exchange.
- Bharti Hexacom Promoter: According to the information given in DRHP, Bharti Airtel is the promoter of this company. He holds about 35 crore shares, which is 70 percent of the equity of this company.
- Business of Bharti Hexacom: Bharti Hexcom was established in 1995. The company provides fixed line telephone and broadband services in Rajasthan and North-East Telecom Circle. Talking about the states, the company’s services are in Rajasthan, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura. The company has 2.70 crore customers.
- Bharti Hexacom’s GMP: According to InvestorGain, Bharti Hexacom’s gray market premium (GMP) is running at Rs 47 per share. Let us tell you, GMP is only an index and it keeps changing according to the market conditions.
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