Bharti Hexacom IPO debuts on April 3: Discover price range, lot size, and essential insights into FY25's Inaugural public offering.
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Bharti
Hexacom IPO is a book-built issue of Rs 4,275.00 crores. The issue is entirely
an offer for the sale of 7.5 crore shares.
Bharti
Hexacom IPO opens for subscription on April 3, 2024, and closes on April 5,
2024. The allotment for the Bharti Hexacom IPO is expected to be finalized on
Monday, April 8, 2024. Bharti Hexacom IPO will be listed on BSE, and NSE with a tentative
listing date fixed as Friday, April 12, 2024.
Bharti
Hexacom IPO price band is set at ₹542 to ₹570 per share. The minimum lot size
for an application is 26 Shares. The minimum amount of investment required by
retail investors is ₹14,820. The minimum lot size investment for sNII is 14
lots (364 shares), amounting to ₹207,480, and for bNII, it is 68 lots (1,768 shares),
amounting to ₹1,007,760.
SBI
Capital Markets Limited, Axis Capital Limited, Bob Capital Markets Limited,
ICICI Securities Limited, and Iifl Securities Ltd are the book-running lead
managers of the Bharti Hexacom IPO, while Kfin Technologies Limited is the
registrar for the issue.
About Bharti Hexacom:
Incorporated
in 1995, Bharti Hexacom Limited provides fixed-line telephone and broadband
services to customers in Rajasthan and North East telecom circles in India. The
company provides services in states such as Rajasthan and Arunachal Pradesh,
Manipur, Meghalaya, Mizoram, Nagaland and Tripura. By December 31, 2023, the
company has invested ₹206 billion in digital infrastructure capital expenditures
to be future-ready. As of December 31, 2023, the company has 27.1 million
customers across 486 census towns. As of December 31, 2023, there were 616
distributors and 89,454 retail touchpoints in the distribution network. As of
December 31, 2023, the company had 19,144 thousand data customers, out of which
18,839 thousand were 4G and 5G customers.
Source
- https://www.chittorgarh.com/ipo/bharti-hexacom-ipo/1694/
About RR Finance:
An
integrated financial services group, offering a wide range of financial
products and services to corporates, institutions, high-net-worth individuals, and retail investors.
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