Retail bidding for the Bharti Hexacom IPO will begin tomorrow, on April 3. The business set the IPO price band between Rs. 542-570 per equity share. The auction will close on April 5. The Bharti Airtel subsidiary intends to sell 75 million offer-for-sale shares to raise Rs 4,275 crore.
To participate in the auction, a retail bidder must purchase a minimum of 26 shares, which multiply the maximum band of Rs 570 by Rs 14,820.
Since it is purely an OFS, the funds received will be deposited into the shareholders’ accounts who have sold their positions through it.
About the company, it provides fixed-line telephone and broadband services in Rajasthan and North Eastern states.
About the company: It offers broadband and fixed-line phone services in Rajasthan and the northeastern states.
Bharati Hexacom is expected to list on April 12 and shares are expected to allot on April 08. The shares of the company will be listed on NSE and BSE.
The IPO’s book-running lead managers included SBI Capital Markets, Axis Capital, Bob Capital Markets, ICICI Securities, and IIFL Securities. The corporation selected Kfin Technologies to serve as the issue registrar.
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