Airtel subsidiary Bharti Hexacom’s IPO to open today, 5 things to know before investing – India TV Hindi

Bharti Hexacom- India TV Paisa

Image: File Bharti Hexacom is a subsidiary of Airtel.

Bharti Hexacom IPO: The country’s second largest telecom company Bharti Hexacom’s IPO is going to open for general investors from April 3, 2024. This IPO is a full OFS i.e. Offer for Sale. In this, 7.5 crore shares of face value of Rs.5 are being sold by Telecom Consultants India Limited.

Know 5 Important Things About Bharti Hexacom IPO Before Investing

  1. IPO Price Band and Issue Size: Bharti Hexacom’s IPO price band has been set at Rs 542 to Rs 570 per share. The lot size of this IPO has been fixed at 26 shares. Its issue size is Rs 4,275 crore.
  2. Purpose of bringing IPO: The purpose of the IPO is to sell 7.5 crore equity shares through an offer for sale by one shareholder and to capitalize on the stock market by listing on the stock exchange, the information provided by the company said.
  3. Bharti Hexacom Promoter: As per information given in DRHP, Bharti Airtel is the promoter of this company. He owns around 35 crore shares which is 70% of the equity of the company.
  4. Business of Bharti Hexacom: Bharti Hexcom was established in 1995. The company provides fixed line telephone and broadband services in Rajasthan and Northeast Telecom Circle. Speaking of states, the company has services in Rajasthan, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura. The company has 2.70 crore users.
  5. Bharti Hexacom’s GMP: Bharti Hexacom’s gray market premium (GMP) is running at Rs 47 per share, according to InvestorGain. Let us tell you, GMP is just an index and it keeps changing according to the market conditions.

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