Bharti Hexacom Limited

03 Apr 2024 - 05 Apr 2024 Individual Category NSE

Min Investment

₹14820

Price Band

₹542-₹570

Issue Size

412.5 lakhs
Equity Shares

Lot Size

26

IPO Dates
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03 Apr 2024

Open Date

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05 Apr 2024

Close Date

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08 Apr 2024

Allotment Date

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12 Apr 2024

Listing Date

Bharti Hexacom IPO is open for subscription starting Wednesday, April 3, 2024, and closing on Friday, April 5, 2024. The price is decided at Rs 542 to Rs 570 per share. The minimum lot size of this application for the retail category is 26 shares. The minimum lot size for small non-institutional investors is 14 lots consisting of 364 shares. Meanwhile, the minimum lot for big non-institutional investors is 68 lots with 1768 shares. The minimum investment required for retail category investors is Rs 14,820 ( 570 x 26 shares). However, for small non-institutional investors, the minimum investment amount required is Rs 2,07,480 (570 x 364 shares); for big non-institutional investors, it is Rs 10,07,760 (570 x 1768 shares). Bharti Hexacom IPO is a book-built issue of Rs 4,275 crores. The issue is completely an offer for sale of 7.5 crore equity shares. The allotment for this IPO is expected to be finalised on Monday, April 8, 2024. Bharti Hexacom Limited IPO will be listed on both BSE and NSE, and the listing date is fixed on Friday, April 12, 2024. The book-running lead managers of Bharti Hexacom Limited are SBI Capital Markets Limited, Axis Capital Limited, Bob Capital Markets Limited, ICICI Securities Limited and IIFL Securities. The registrar for this new IPO is Kfin Technologies Limited.

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About Bharti Hexacom Limited

Bharti Hexacom company was incorporated in 1995, engaged in the business of telecom. It provides fixed-line and telephone services in Rajasthan and areas of North East. The company is a wholly owned subsidiary of Bharti Airtel Limited. The 70% shareholding of Bharti Hexacom is owned by Bharti Airtel and remaining 30% is owned by Telecom Consultants of India Limited. The Bharti Hexacom continues to invest in technology and network to lead the market with the highest customer base and revenue. As per record, by the end of December 2023, the company has invested Rs 206 billion in digital infrastructure to be future ready. Moreover, as of 31 December 2023, the company has 27.1 million customers across 486 census towns. Company had 616 distributors and 89,454 retail touchpoints in the distribution network.

Founded

1995

Managing Director

Parent Organization

IPO Objectives

The objectives of this issue carry out the offer for sale of 7.5 crore equity shares by selling shareholders. Meanwhile, Bharti Hexacom will get the benefits of listing the shares on Stock Exchange.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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