Advantages of Investing in Bharti Hexacom IPO

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Invest in the Bharti Hexacom IPO with confidence! Learn about the price band, IPO size, lot size, promoters, and more. Get insights to make informed decisions.

Telephone and broadband solutions provider Bharti Hexacom is all set to launch its initial public offering (IPO) on April 3, marking a significant milestone in the telecom industry. With the IPO subscription period running until April 5, prospective investors are keen to understand the dynamics of this offering. Here’s a comprehensive guide detailing everything you need to know before considering subscribing to the Bharti Hexacom IPO.

Bharti Hexacom IPO

Introduction:

The Bharti Hexacom IPO presents an exciting opportunity for investors to participate in the growth story of one of India’s leading telecom service providers. With an established presence in Rajasthan and the North-East, serving around 18 million subscribers, Bharti Hexacom has built a reputation for its robust network and quality services. As the company prepares to go public, investors need to delve into the finer details to make informed decisions.

Key Highlights of the Bharti Hexacom IPO:

IPO Date and Price Band:

The IPO for Bharti Hexacom is scheduled to open for subscription on Wednesday, April 3, and will conclude on Friday, April 5. The price band for the IPO has been fixed at ₹542 to ₹570 per equity share, with a face value of ₹5.

IPO Size and Lot Size:

The Bharti Hexacom IPO is a book-built issue of ₹4,275 crores, entirely offered for sale (OFS), without including a fresh issue component. Investors can bid for a minimum of 26 shares and in multiples thereof, with a minimum investment requirement of ₹14,820 for retail investors.

Promoters and Allotment Date:

Bharti Hexacom is promoted by telecom giant Bharti Airtel, a name synonymous with innovation and reliability in the telecommunications sector. The allotment for the IPO is expected to be determined by Monday, April 8, 2024.

Listing Date and Managers:

The IPO is slated to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), with a tentative listing date set for Friday, April 12, 2024. Leading financial institutions such as SBI Capital Markets Limited, Axis Capital Limited, and ICICI Securities Limited are serving as the book running lead managers of the IPO.

Registrar and Grey Market Premium:

Kfin Technologies Limited has been appointed as the registrar for the Bharti Hexacom IPO. Additionally, the shares of Bharti Hexacom are currently trading at a premium of ₹37 in the grey market, indicating a positive sentiment among investors.

FAQs (Frequently Asked Questions):

When is the subscription period for the Bharti Hexacom IPO? The subscription period for the Bharti Hexacom IPO is from April 3 to April 5, 2024.
What is the minimum investment required for retail investors? Retail investors must invest a minimum of ₹14,820 in the Bharti Hexacom IPO.
Who are the promoters of Bharti Hexacom? Bharti Hexacom is promoted by telecom giant Bharti Airtel, a well-established player in the industry.
When is the anticipated listing date for the Bharti Hexacom IPO? The IPO is scheduled to be listed on both the BSE and NSE, with a tentative listing date set for Friday, April 12, 2024.
What is the lot size for bidding in the Bharti Hexacom IPO? Investors can bid for a minimum of 26 shares and in multiples thereof.
Who are the book-running lead managers for the Bharti Hexacom IPO? SBI Capital Markets Limited, Axis Capital Limited, and ICICI Securities Limited are among the book running lead managers of the IPO.

Conclusion:

Investing in the Bharti Hexacom IPO presents a compelling opportunity to be part of a leading player in the telecom sector. With its strong market presence, experienced promoters, and promising financials, Bharti Hexacom is poised for growth in the coming years. By considering the factors outlined in this guide, investors can make well-informed decisions to maximize their investment potential.

Invest wisely and seize the opportunity to be part of Bharti Hexacom’s journey towards success!