New Delhi: Bharti Hexacom’s preliminary public providing acquired a lukewarm response from the buyers because it acquired a 34 p.c subscription on the primary day of bidding on Wednesday. That is the primary public difficulty of the monetary yr 2024-25. The preliminary share sale of Bharti Hexacom acquired bids for 1,41,08,328 shares in opposition to 4,12,50,000 shares on supply, in line with the NSE knowledge.
The class for Retail Particular person Buyers (RIIs) subscribed 48 p.c, whereas the quota for non-institutional buyers acquired 36 p.c subscription, and the portion for Certified Institutional Consumers (QIBs) subscribed 29 p.c. (Additionally Learn: ‘You Give Extra Cash To Govt Than Spend On Your self’: Social Media Submit On Earnings Tax Considerations Goes Viral)
On Tuesday, Bharti Airtel’s arm Bharti Hexacom mentioned it has collected about Rs 1,924 crore from anchor buyers. The corporate had mounted a value band of Rs 542-570 per share. (Additionally Learn: Excessive-Safety Alert For Apple Customers! CERT-In Requested To Deploy Fast Measures)
The corporate’s Rs 4,275 crore IPO is totally a proposal of sale (OFS) of seven.5 crore fairness shares, indicating a 15 p.c stake by Telecommunications Consultants India Ltd, with no recent difficulty part.
Bharti Hexacom won’t obtain any proceeds from the IPO. At current, promoter Bharti Airtel holds a 70 p.c stake, and the remaining 30 p.c stake is owned by Telecommunications Consultants India.
The Bharti group’s earlier IPO of Bharti Infratel, now often called Indus Towers, was in 2012. Bharti Hexacom gives telecommunication companies in Rajasthan and the Northeast.
On the higher finish of the worth band, the IPO measurement shall be Rs 4,275 crore. About 75 p.c of the problem measurement has been reserved for certified institutional consumers (QIBs), 15 p.c for non-institutional buyers, and the remaining 10 p.c for retail buyers.
Bharti Hexacom, which filed its preliminary IPO papers with Sebi on January 20, obtained its market watchdog’s nod on March 11 to drift the maiden public difficulty.
SBI Capital Markets, Axis Capital, BOB Capital Markets, ICICI Securities, and IIFL Securities are the book-running lead managers of the general public difficulty.
 of 7.5 crore equity shares.){kind=link}