Bharti Hexacom’s IPO shares to list on April 12, know what’s happening at GMP – India TV Hindi

Bharti Hexacom - India TV Money

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The listing date of country’s leading telecom company Bharti Hexacom has been decided. The company’s shares will be listed on Friday (April 12). According to the information, the investors who have received allotment in the IPO. The shares will be credited to their demat account by Wednesday (April 10). Also those investors who have not received allotment. The amount will be credited to their bank account.

Bharti Hexacom IPO + GMP

According to Investgacom.com, the GMP of Bharti Hexacom IPO is hovering around Rs.98. That means Bharti Hexcom’s IPO listing may go above Rs 98. According to GMP, the listing could be at Rs 666 per share, meaning the IPO price could range from Rs 570 to Rs 666 per share. Let us tell you, GMP is just an index. It changes according to market sentiment. Many times the IPO is listed at a price below the GMP.

Subscription received 28.99 times.

Bharti Hexacom’s IPO received 29.88 times subscription. The retail individual investors (RII) category received 2.83 times subscription, while the non-institutional investors category received 10.52 times subscription. At the same time, the Qualified Institutional Investors (QIB) segment received 48.57 times subscription.

Bharti Hexacom IPO

The Bharti Hexacom IPO was open to general investors from April 03 to April 5. This entire IPO was OFS. In this, the company has raised around Rs 4,275 crore. Its price band was Rs 542 to Rs 570. The lot size of this IPO was 26 shares. Bharti Airtel is the promoter of the company and holds around 70% of the shares. Bharti Hexcom was established in 1995. The company provides fixed line telephone and broadband services in Rajasthan and Northeast Telecom Circle. It will be listed on NSE and BSE.

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