Bharti Hexacom IPO shall be listed as we speak, know what sign GMP is giving – India TV Hindi

Bharti Hexacom IPO: The IPO of Airtel’s subsidiary Bharti Hexacom could also be listed on Friday (April 12). Within the info given by BSE, it was stated that the mainboard IPO shall be listed on NSE and BSE in Group B safety. The itemizing of shares will happen at 10:00 am on each the exchanges.

GMP of Bharti Hexacom IPO

In accordance with InvestorGain.com web site, the GMP of Bharti Hexacom’s IPO is working at Rs 125 per share. If seen in response to GMP, its itemizing may very well be at Rs 695, a 22 % premium in comparison with its situation worth of Rs 570. Allow us to let you know, GMP is just an index and it retains altering relying available on the market circumstances.

IPO received bumper subscription

Bharti Hexacom’s IPO acquired 29.88 occasions subscription. The retail particular person traders (RII) class acquired 2.83 occasions subscription, whereas the non-institutional traders class acquired 10.52 occasions subscription. On the identical time, the portion of certified institutional traders (QIB) received subscription 48.57 occasions.

Bharti Hexacom IPO

Bharti Hexacom IPO was open for normal traders from April 03 to April 5. This whole IPO was OFS. On this the corporate has raised about Rs 4,275 crore. Its worth band was from Rs 542 to Rs 570. The lot web site of this IPO was 26 shares. Bharti Airtel is the promoter of this firm and holds about 70 % shares. Bharti Hexcom was established in 1995. The corporate offers fastened line phone and broadband providers in Rajasthan and North-East Telecom Circle. Its itemizing shall be on NSE and BSE.

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