What is the Bharti Hexacom IPO Price Band?
In a move that has garnered significant interest from the investment community, Bharti Hexacom, a subsidiary of the telecom behemoth Bharti Airtel, is set to make its debut on the Indian stock market. This initial public offering (IPO) is particularly noteworthy not just for its association with one of India’s leading telecom providers but also for the strategic implications it holds for the market. In this article, we will delve into the specifics of the Bharti Hexacom IPO, including its price band, offer details, schedule, and the regulatory framework governing its launch.
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Bharti Hexacom IPO Price Band and Dates
Bharti Hexacom has announced a price band of Rs 542 to Rs 570 per share for its upcoming IPO, marking a significant milestone in the company’s history. This price range is set to cater to a wide array of investors, aiming to attract both individual and institutional stakeholders. The IPO is slated to open on April 3 and conclude on April 5, with an anchor book opening on April 2. This timing not only kicks off the new financial year FY25 but also sets the stage for what could be one of the most closely watched IPOs in recent times.
Bharti Hexacom IPO Size & Offer Details
The telecom provider is aiming to raise Rs 4,275 crore through this public offering, which exclusively consists of an offer-for-sale (OFS) by its existing shareholder, Telecommunications Consultants India. This entity is set to offload 7.5 crore equity shares, translating to a 15 percent stake in Bharti Hexacom. Notably, there will be no fresh issue of shares, with the IPO serving primarily as a liquidity event for the existing shareholder rather than a capital-raising activity for the company itself.
Bharti Hexacom IPO Schedule
Post the closure of the IPO on April 5, the company has outlined a clear timeline for the subsequent steps. The basis of allotment is expected to be finalized by April 8, with the allocated shares credited to successful investors’ demat accounts by April 10. Trading of Bharti Hexacom shares is anticipated to commence on April 12, allowing investors to trade their holdings in the open market. This structured schedule underscores the company’s commitment to transparency and efficiency throughout the IPO process.
| Event | Date |
|---|---|
| IPO Opening Date | April 3 |
| IPO Closing Date | April 5 |
| Anchor Book Opening Date | April 2 |
| Basis of Allotment Finalization | April 8 |
| Credit of Shares to Demat | April 10 |
| Trading Commencement | April 12 |
Bharti Hexacom Regulatory Approval and Issue Management
The Securities and Exchange Board of India (Sebi) approved the IPO on March 11, paving the way for Bharti Hexacom’s market debut. A consortium of leading financial institutions, including SBI Capital Markets, Axis Capital, BOB Capital Markets, ICICI Securities, and IIFL Securities, have been appointed as the book-running lead managers for the issue. KFin Technologies is serving as the registrar, ensuring a smooth operational flow from application processing to share allotment and trading.
Conclusion
The Bharti Hexacom IPO represents a pivotal moment for both the company and potential investors. With a strong backing from its parent company Bharti Airtel and a clear strategic vision, Bharti Hexacom is poised to leverage this IPO to strengthen its market position. The detailed structure of the IPO, from its pricing and schedule to the regulatory oversight and issue management, has been meticulously planned to ensure a successful market entry. As the telecom sector in India continues to evolve, Bharti Hexacom’s IPO is set to be a significant milestone in its journey.
