Bharti Hexacom IPO opens on 3 April 2024 know details of price band listing date and GMP

Bharti Hexacom IPO: If you like to invest in Initial Public Offering then there is good news for you. The first IPO of the financial year 2024-25 has opened for investment today. The IPO of Rs 4,275 crore of Bharti Hexacom, a subsidiary of the leading telecom company Bharti Airtel, has opened for investors. This issue has come entirely through Offer for Sale (OFS) and not a single fresh shares have been issued in it. In such a situation, a total of 7.5 crore shares are being sold through IPO. You can subscribe in this IPO till Friday i.e. 5th April 2024.

Know important details related to IPO

Bharti Hexacom has fixed the price band of shares between Rs 542 and Rs 570. In this IPO, retail investors can buy a lot size of at least 26 shares. In such a situation, retail investors can invest a minimum of Rs 14,820 and a maximum lot size of 13 shares i.e. Rs 1,92,660 in this IPO. In this IPO, 10 percent share has been reserved for retail investors. Whereas 30 percent share has been reserved for qualified institutional buyers, 15 percent share has been reserved for high net individuals and 45 percent share has been reserved for anchor investors.

When will the shares be listed?

The company has already collected Rs 1,923.75 crore from anchor investors in exchange for 33,750,000 shares. The company will allot shares to successful investors on April 8. Whereas unsuccessful investors will get their refund on April 10. The company's shares will be transferred to the demat account on April 10. Listing of shares will take place on NSE and BSE on 12 April.

What is the condition of GMP?

Shares of Bharti Hexacom are trending in the gray market at Rs 52 per share i.e. 9.12 percent premium on April 3, 2024. In such a situation, if this situation persists till the day of listing, then the shares of the company can be listed on BSE and NSE at Rs 622 per share.

How much was the IPO subscribed?

Bharti Hexacom's IPO has opened for subscription on Wednesday, April 3, 2024. The IPO has collected Rs 1,923.750 from anchor investors. Retail investors have subscribed their shares up to 0.14 times so far. Whereas NII has subscribed its share up to 0.3 times. In such a situation, overall this IPO has received only 0.03 times subscription.

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