The IPO of another company from the country’s second largest telecom company Bharti Airtel Group (Bharti Hexacom) is coming to the market today.
You can make money by investing in it. Airtel’s subsidiary company Hexacom’s IPO will start today. The company aims to raise Rs 4,275 crore through this IPO. Here are the details:
Understanding the GMP
The company’s shares are trading at a premium of 7.02 percent in the gray market. It’s important to note that Bharti Hexacom won’t issue new shares in this IPO. Instead, it will sell approximately 7.5 crore shares through offer for sale.
IPO opening date: April 3, 2024
IPO closing date: April 5, 2024
Issue price: Rs 542 to Rs 570
Listing date: April 12, 2024
Listing on: BSE and NSE
Issue size: Rs 4,275 crore
Face value: Rs 5
You need to invest a minimum of Rs 14,092 for the Bharti Hexacom IPO. In one lot size of this IPO, you’ll get 26 shares. The maximum you can invest in this IPO is up to Rs 2 lakh.
What is the GMP?
The company’s shares are trading at a premium of 7.02 percent in the gray market. The company won’t issue new shares in this IPO.
It will sell all shares through offer for sale. Approximately 7.5 crore shares will be sold in this IPO.
What is the company’s business?
Bharti Hexacom Company provides telecom services in different parts of the country. It’s associated with being a solution provider.
Currently, the company operates in many states including Rajasthan, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura. Rajasthan has the most customers for the company presently.
