Bharti Hexacom IPO: Top Things to Know Before Subscribing to The Issue

Communications solutions provider Bharti Hexacom Ltd. (BHL) will open its initial public offer (IPO) for subscription on April 3, 2024. The issue will remain open till April 5, 2024. The company has set the IPO price range for Bharti Hexacom between Rs 542 to Rs 570 per equity share, with a face value of Rs 5.

About the Company

Bharti Hexacom Ltd. is a communications solutions provider offering consumer mobile services, fixed-line telephone and broadband services to customers in the Rajasthan and the North East telecommunication circles in India, which comprises the states of Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura. The company
offers its services under the brand ‘Airtel’. It has a distinct strategy to premiumise portfolio by acquiring and retaining quality customers and deliver an experience to them through its Omni channel approach and use of data science.

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IPO Size

The company is issuing a book-built offer of Rs 4,275 crore, entirely through offer for sale (OFS). The IPO excludes a fresh issue component.

IPO Reserve Portion

• Qualified Institutional Buyers (QIB): At least 75% of the offer
• Non-Institutional Buyers: No more than 15% set aside
• Retail Investors: Maximum of 10% reserved

Revenue from Operations – Business Vertical

Research Analyst: Krishna Kumar Agarwal
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Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment decisions.