The Rs 4,275.00 crore Bharti Hexacom IPO is a book-built offering. The entire purpose of the issuance is to sell 7.5 crore shares.
The subscription period for the Bharti Hexacom IPO begans on April 3, 2024, and ended on April 5, 2024. On Monday, April 8, 2024, the allocation for the Bharti Hexacom IPO is anticipated to be completed. The Bharti Hexacom initial public offering (IPO) is scheduled to go live on the BSE and NSE on Friday, April 12, 2024.
The pricing range for the Bharti Hexacom IPO is ₹542 to ₹570 per share. A minimum of 26 shares is required for an application lot size. Retail investors are required to invest a minimum of ₹14,820. For sNII and bNII respectively, the minimum lot size investment is ₹207,480 for 14 lots (364 shares) and ₹1,007,760 for 68 lots (1,768 shares).
The Bharti Hexacom IPO’s book-running lead managers are SBI Capital Markets Limited, Axis Capital Limited, Bob Capital Markets Limited, ICICI Securities Limited, and Iifl Securities Ltd. Kfin Technologies Limited is the issue’s registrar.
Here’s how you can check the allotment status of Bharti Hexacom Limited IPO:
Step 1: Go to the BSE website.
Step 2: Choose ‘Equity’ and then the issue name from the selection menu.
Step 3: Enter your application number as well as your PAN card number and press ‘Search’.
You can also follow a similar procedure to check the allotment status on the Registrar’s website:
Step 1: Go to the Kfin Technologies Limited website.
Step 2: Select the IPO name by clicking on ‘Company Selection’.
Step 3: Input your PAN, application number, DP/Client ID, or account number/IFSC number and click on ‘Search’.
If the details are input correctly, the status will appear only after allotment. The equity shares are expected to be credited to successful investors’ demat accounts on April 10, 2024.
Bharti Hexacom Limited (BHL) was established in 1995 and offers fixed-line and broadband services to consumers in Rajasthan and the Northeast telecom regions of India. States like Rajasthan, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura are among those where the company offers its services. To be prepared for the future, the corporation had invested ₹206 billion in capital expenditures for digital infrastructure as of December 31, 2023. The corporation served 27.1 million customers in 486 census localities as of December 31, 2023. The distribution network included 89,454 retail touchpoints and 616 distributors as of December 31, 2023. The company had 19,144 thousand data clients as of December 31, 2023, of which 18,839 thousand were on 4G and 5G networks.
Bharti Hexacom Limited GMP
| Date | GMP |
| March 28 | ₹37 |
| March 27 | ₹40 |
| March 26 | ₹30 |
| March 25 | ₹50 |
| March 24 | ₹50 |
| March 23 | ₹65 |
As of March 28, 2024, at 12:30 AM, the Bharti Hexacom IPO’s last GMP is ₹37. The expected listing price of the Bharti Hexacom IPO, with a price band of 570.00, is ₹607 (cap price + today’s GMP). A percentage gain or loss per share of 6.49% is anticipated.
