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The initial public offer (IPO) of Bharti Hexacom was subscribed 11% so far on Wednesday, the first day of the bidding process. The Rs 4,275 crore issue will close on April 5.
Bharti Hexacom's IPO, with strong parentage and brand, is priced at Rs 542-570 per share. Analysts recommend subscribing to the Rs 4,275 crore issue as it is available at a reasonable valuation. The company offers 5G plus services and operates in Rajasthan and the Northeast circles.
India Business News: The initial public offering (IPO) of Bharti Hexacom opened for subscription on Wednesday. The Bharti Hexacom IPO has been opened for subscription following a successful anchor round, where prominent investors such as Capital Group, Fidelity Funds, ADIA, and Morgan Stanley showed strong interest, contributing over Rs 1,900 crore.
Shares of Tata Steel ended near their record high for the second straight session on Tuesday. The metal stock ended 0.95% higher at Rs 164.65 on BSE.
Unlisted shares of Bharti Hexacom Ltd are trading Rs 55 higher in the grey market, expecting a 9.65 per cent listing gain from the public issue, Bharti Hexacom IPO Opens Today: Should You Subscribe? Check Subscription Status, Latest GMP