Bharti Hexacom IPO Day 3: Subscription Status, GMP, And Other Key Details

Bharti Hexacom IPO, aiming to raise ₹4,275 crore, is entirely an Offer for Sale (OFS) of 7.5 crore shares. The Bharti Hexacom IPO opened for subscription on April 3 and is scheduled to close on today, April 5.

Bharti Hexacom IPO Subscription

As of 1:06 pm on the final day of bidding, the Bharti Hexacom IPO was subscribed 2.43 times. The retail portion was subscribed 1.82 times, while the Non-Institutional Investor portion was subscribed 5.04 times. The Qualified Institutional Buyers (QIBs) portion saw a subscription of 1.33 times.

The IPO has been structured to ensure broad participation across investor categories, with 30% of the shares reserved for QIBs, 15% for Non-Institutional Investors, and 10% for Retail Investors. The remaining 45% of the shares are allocated to anchor investors.

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Bharti Hexacom IPO GMP

The Bharti Hexacom IPO GMP is reported at ₹57. It is a slight dip from the ₹60 reported on Thursday. Based on the upper end of the IPO price band, the shares are expected to list at ₹627, indicating a premium of 10% on the listing However, it’s important to remember that while GMPs can provide some insight into market sentiment towards an IPO, they should not be considered as the sole factor behind the company’s performance upon listing.

Bharti Hexacom IPO Details

The Bharti Hexacom IPO comprises entirely of an offer for sale (OFS) of 7.5 crore shares. The price band for the IPO is set between ₹542 to ₹570 per share, with a minimum lot size of 26 shares. For retail investors, the minimum investment required is ₹14,820. Prior to the IPO launch, the company has secured ₹180 crores from anchor investors. Tentatively, the shares are scheduled to be listed on both the BSE and NSE on Friday, April 12, 2024.

Bharti Hexacom Company Details

Bharti Hexacom is a leading provider of fixed-line telephone and broadband services in India. The company has a strong presence in the Indian telecom market and is known for its high-quality services and customer-centric approach.

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