Bharti Hexacom To Launch IPO On April 3: Check Subscription, Allotment Dates And More

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New Delhi: The upcoming weeks are set to be a busy one as numerous public offerings are set to hit the market. One of them is Bharti Hexacom. A subsidiary of telecom giant Bharti Airtel is gearing up to debut in the stock market with its initial public offering (IPO) on April 3.

First IPO Of New Financial Year

This marks the first IPO of the new financial year 2024-25. ()

Bharti Hexacom IPO: Subscription Dates

The public issue will run from April 3 to April 5. ()

Bharti Hexacom IPO: Allotment Date

The Bharti Hexacom IPO's allotment will likely be decided on April 8, 2024.

Bharti Hexacom IPO: Listing Date

After the allotment, the IPO will start trading on both the BSE and NSE stock exchanges. This is expected to happen on April 12, 2024.

Bharti Hexacom IPO: Price Band

The price band for the IPO will be announced in the upcoming week.

Bharti Hexacom IPO: Issue Allocation

Bharti Hexacom has allocated 75 percent of the issue size for qualified institutional buyers. 15 percent of the issue size is reserved for non-institutional investors, including high net-worth individuals. The remaining 10 percent is set aside for retail investors.

Bharti Hexacom IPO: Anchor Book

The anchor book, a reserved portion for institutional investors, will open for a day on April 2.

Bharti Hexacom IPO: OFS

The Bharti Hexacom IPO will comprise solely an offer-for-sale (OFS), with no fresh issue component. Telecommunications Consultants India, the sole public shareholder in the company, will offload 7.5 crore equity shares, representing a 15 percent stake in the OFS.

Promoter Bharti Airtel currently holds a 70 percent stake in Bharti Hexacom, while Telecommunications Consultants India owns the remaining 30 percent (15 crore shares).