The Bharti Hexacom IPO opened for subscription on April 3 and closed on April 5. Bharti Hexacom IPO allotment status is set to be finalised today, April 8.
If you applied for the IPO, here is how you can check the Bharti Hexacom IPO allotment status.
Checking IPO Allotment Status on Registrar's Website:
Follow these steps to check the Bharti Hexacom IPO allotment status
- Visit the registrar's website.
- Click on "Company Selection" and choose "Bharti Hexacom" from the dropdown menu.
- Then you can enter your PAN, application number, or Demat.
- Enter the captcha and click Submit to retrieve the Bharti Hexacom IPO allotment status
Checking IPO Allotment Status on BSE:
- Go to the BSE website.
- Click on the ‘Equity' section and select "Bharti Hexacom" from the dropdown menu.
- Enter your application number or PAN.
- Click on the ‘Search' button.
- The result will show the number of shares allotted to you.
If all the details are entered correctly and the allotment has been finalised, the Bharti Hexacom IPO allotment status will be visible.
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Bharti Hexacom IPO Subscription
At the end of the final day of bidding, the Bharti Hexacom IPO was subscribed 29.88 times. The retail portion was subscribed 2.83 times, while the Non-Institutional Investor portion was subscribed 10.52 times. The Qualified Institutional Buyers (QIBs) portion saw a subscription of 48.57 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.
Bharti Hexacom IPO GMP
The Bharti Hexacom IPO GMP is reported at ₹82. It is a jump from the ₹60 reported on Thursday. Based on the upper end of the IPO price band, the shares are expected to list at ₹652, indicating a premium of 14% 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
Bharti Hexacom IPO, aiming to raise ₹4,275 crore, is entirely 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. Before the IPO launch, the company secured ₹180 crores from anchor investors. The shares are scheduled to be listed on both the BSE and NSE on Friday, April 12.
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