Key Points
Bharti Hexacom, the arm of Bharti Airtel, will open its initial public offering (IPO) for subscription on April 3..
The company has fixed a price band of 542-570 per share for its 4,275 crore IPO...
The bidding for anchor investors will open for a day on April 2. Bharti Hexacom is the first IPO of the financial year 2024-25...
According to the report, the IPO comprises an offer-for-sale (OFS) of 7.5 crore equity shares, indicating a 15 per cent stake by Telecommunications Consultants India Ltd, with no fresh issue component...
Bharti Airtel holds 70 per cent stake and the remaining 30 per cent stake is owned by Telecommunications Consultants India..
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Bharti Hexacom IPO opens for subscription today. Should you bid?
03, Apr, 24Bharti Hexacom's IPO, with strong parentage and brand, is priced at Rs 542-570 per share. Analysts recommend subscribing to the Rs 4,275 crore issue as it is available at a reasonable valuation. The company offers 5G plus services and operates in Rajasthan and the Northeast circles.
Airtel's unit Bharti Hexacom gets Sebi nod to raise funds through an IPO
19, Mar, 24The government is looking to garner around Rs 10,000 crore through the stake sale by Telecommunications Consultants, a state-owned telecom engineering and consulting firm with business interests overseas, including in pan-African and West Asia markets.
Bharti Hexacom IPO likely to fetch centre ₹10,000 crore
22, Nov, 23Airtel has reportedly appointed a clutch of investment banks, including Axis Capital, SBI Caps, IIFL and ICICI Securities to start the IPO process. The listing is likely to be concluded by early-2024. Industry experts, though, said the government's expectations of raking in around Rs 10,000 crore from a potential divestment of its 30% stake in Bharti Hexacom is more than three times higher than an earlier valuation conducted by brokerage J M Financial some two years ago.