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.<\/p>\n
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.<\/p>\n
Since it is purely an OFS, the funds received will be deposited into the shareholders’ accounts who have sold their positions through it.<\/p>\n
About the company, it provides fixed-line telephone and broadband services in Rajasthan and North Eastern states.<\/p>\n
About the company: It offers broadband and fixed-line phone services in Rajasthan and the northeastern states.<\/p>\n
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\u00a0BSE<\/a>.<\/p>\n The IPO’s book-running lead managers included SBI Capital Markets<\/a>, Axis Capital, Bob Capital Markets, ICICI Securities, and IIFL Securities. The corporation selected Kfin Technologies to serve as the issue registrar.<\/p>\n The $975 Million Powerball Jackpot is up for Grabs in this Monday Night’s Drawing.\u00a0<\/a><\/p>\nAlso Read:<\/strong><\/h4>\n