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Bharti Hexacom anchors Rs 1,924 cr from investors before IPO opens on April 3

The Bharti Hexacom IPO opens for subscription on April 3, with a price band at Rs 542-570 per share, and closes on April 5.

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Bharti Hexacom IPO opens this week. 10 things to know before subscribing to the issue

Bharti Hexacom IPO: The company has fixed a price band of Rs 542-570 per share for its maiden public offer. At the upper end, the company plans to raise Rs 4,275 crore. The current GMP is Rs 40 in the unlisted market.

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Bharti Hexacom sets price band at Rs 542-570 for IPO, issue opens on April 3

The Bharti Hexacom IPO consists solely of an OFS component, without any fresh issue of shares. The anchor book of the first public issue of the new financial year FY2024-25 will be open for a day on April 2. The company aims to raise Rs 4,275 crore from the stake sale.​

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Bharti Airtel arm Bharti Hexacom files draft papers for IPO; govt to offload 10 crore shares

​The issue comprises an offer for sale of up to 100,000,000 shares by Telecommunications Consultants India. There will be no fresh issue of shares in the IPO, and, therefore, Bharti Hexacom will not receive any proceeds from the share sale, Bharti Airtel said in a release to the exchanges.

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