Key Points
Bharti Airtel's subsidairy company Bharti Hexacom, on Tuesday, said that it has raised over 1,923.75 crore from anchor investors ahead of its initial public offerings (IPO)..
According to the exchange filing, the company allocated 3,37,50,000 shares to anchor investors at a price of 565 per equity share..
"The Board of Directors of the Company in its meeting held on April 02, 2024, in consultation with SBI Capital Markets Limited, Axis Capital Limited, BOB tapital Markets Limited, ICICI Securities Limited and IIFL Securities Limited (collectively, the "Book Running Lead Managers"), have finalized allocation of 3,37,50,000 Equity Shares to Anchor Investors at Anchor Investor Allocation Price of Rs..
The company further said, Out of the total allocation of 3,37,50,000 Equity Shares to the Anchor Investors, 1,38,77,630 Equity Shares (i.e..
The company further said, Out of the total allocation of 3,37,50,000 Equity Shares to the Anchor Investors, 1,38,77,630 Equity Shares (i.e. 41.12% of the total allocation to Anchor Investors) were allocated to 22 domestic mutual funds through a total of 55 schemes.".
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