Bharti Hexacom IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details

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Bharti Hexacom Limited IPO GMP

The Bharti Hexacom IPO, valued at Rs 4,275.00 crores, is a book built issue comprising solely of an offer for sale of 7.5 crore shares. Opening for subscription on April 3, 2024, it will conclude on April 5, 2024, with the allotment expected to be finalized on Monday, April 8, 2024. Bharti Hexacom IPO is scheduled to list on both the BSE and NSE, tentatively set for Friday, April 12, 2024.

The IPO's price band is fixed at ₹542 to ₹570 per share, with a minimum lot size for application set at 26 shares. Retail investors need a minimum investment of ₹14,820. For sNII, the minimum lot size investment is 14 lots (364 shares), totaling ₹207,480, while 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 serve as the book running lead managers for the Bharti Hexacom IPO, while Kfin Technologies Limited is the designated registrar for the issue.

Refer RHP (Red Herring Prospectus) & DRHP (Draft Red Herring Prospectus) for more details.

The objective of the issue is to provide liquidity to the existing investors.

The issue includes the offer for sale of up to 75,000,000 Equity Shares priced at Rs. 570/- per share helping the company to raise Rs. 4275 Cr.

The issue will also help in enhancing brand visibility and liquidity to the investors.