Bharti Hexacom IPO: A Telecom Giant’s Big Move! Key Details and GMP

Bharti Hexacom Limited, a renowned name in the telecommunications sector, has recently announced its mainline IPO with an offer size of ₹4275.00 cr. The IPO is scheduled to open for subscription from 3rd April 2024 to 5th April 2024. This is an exciting opportunity for investors to participate in the growth story of a leading telecommunications company.

Key Details of the IPO

The face value of each share is Rs 5, and the price band is fixed at ₹542.00-₹570.00 per share. Investors can apply for a minimum lot of 26 shares, amounting to Rs 14,820. The tentative listing date on the exchange (BSE, NSE) is 12th April 2024.

"Exciting news! Stockesta is now on WhatsApp and Telegram Channels 🚀 Subscribe today | Stay updated with the latest IPO insights!" Follow on Whatsapp! and Join Telegram!

IPO DateApril 3, 2024 to April 5, 2024
Basis of AllotmentApril 8, 2024
Listing DateApril 12, 2024
Face Value₹5 per share
Price Band₹542 to ₹570 per share
Lot Size26 Shares
Total Issue Size75,000,000 shares
(aggregating up to ₹4,275.00 Cr)
Offer for Sale75,000,000 shares of ₹5
(aggregating up to ₹4,275.00 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue500,000,000
Share holding post issue500,000,000

Also Read: Unveiling IPO Grey Market Premium (GMP): Meaning, Calculation, Examples, and Significance in India

Bharti Hexacom IPO Lot Size

Investors can bid for a minimum of 26 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (Min)126₹14,820
Retail (Max)13338₹192,660
S-HNI (Min)14364₹207,480
S-HNI (Max)671,742₹992,940
B-HNI (Min)681,768₹1,007,760

Grey Market Premium (GMP) and Estimated Listing Price

The Grey Market Premium (GMP) for the Bharti Hexacom IPO is ₹37 as of the latest update on 28th March 2024. With the price band set at ₹570.00, the estimated listing price is ₹607 (cap price + today’s GMP), indicating an expected percentage gain/loss per share of 6.49%. Investors can check the live GMP status on investorgain.com.

About Bharti Hexacom

Incorporated in April 1995, Bharti Hexacom Limited is a leading communications solutions provider offering mobile, fixed, and broadband services to customers in Rajasthan and the North Eastern telecom circles in India. The company operates under the brand “Airtel” and has a clear strategy to expand its portfolio by attracting and retaining high-value customers.

Bharti Hexacom has a range of digital offerings and has seen a steady improvement in market share over the last three financial years. The company has an extensive distribution and service network, including retail stores and small-format stores, reaching 88 cities. Its distribution network comprises 617 dealers and 88,586 retail locations as of September 30, 2023.

Also Read: Benefits and Risks of Investing in IPOs

Strengths of Bharti Hexacom

  • Established leadership position and large customer base
  • Presence in markets with high growth potential
  • Strong parent company and established brand
  • Development of a sustainable network
  • Extensive sales and service network
  • Experienced management team

Conclusion

The Bharti Hexacom IPO presents an exciting opportunity for investors to participate in the growth story of a leading telecommunications company. However, it’s essential to note that IPO GMP is subject to extreme volatility, and investment decisions should be made after considering all factors. Investors are advised to consult with their financial advisors before making any investment decisions.

Disclaimer: The above information is for informational purposes only and should not be construed as investment advice. Investors are advised to conduct their research or consult with a financial advisor before making any investment decisions.

"Exciting news! Stockesta is now on WhatsApp Channels 🚀 Subscribe today by clicking the link and stay updated with the latest IPO insights!" Click here!

👉 Learn Stock Market || Stocks Analysis || Learn Trading || IPO || Join Whatsapp Channel and read Stock Market related Blogs on Stockesta.com.
Disclaimer: The information provided on this website is for informational purposes only and should not be construed as financial or investment advice. Users are advised to do their own research and consult a qualified financial advisor before making any investment decisions.
T+0 Settlement Explained: Benefits of T+0 Settlement What is an IPO?- Why Companies Go Public