IPO Updates: Bharti Hexacom Listing Date & Details
Bharti Hexacom is a subsidiary company of Bharti Airtel. The IPO auction, which started on April 3, 2024, and ended on April 5, 2024, was priced between Rs 542-570 per share. The allotment for Bharti Hexacom’s IPO was finalized on April 8, 2024. The listing is on both the NSE and BSE. The listing was on April 12, 2024. The minimum investment required for retail investors is Rs 14,820. sNll Investors’ minimum lot size is 14 and for bNll Investors 68 lots.
Let us know the IPO details:
- The IPO date is April 3, 2024, to April 5, 2024.
- The listing date is April 12, 2024.
- Face Value: Rs. 5 per share
- Lot Size: 26 shares
- The total issue size is 75,000,000 shares, and the offer for sale is 75,000,000 shares of Rs 5.
- Aggregating price of shares up to Rs 4,275 crore
Bharti Hexcom IPO Promoter Holding Details
The 70% shareholding of Bharti Hexacom by the Chairman of Bharti Airtel, or 30% shareholding, was held by non-promoter TCIL.
Telecommunication Consultants India (TCIL), the sole public shareholder in the company, transferred a 15% stake (7.5 crore equity shares) through the Offer for Sale (OFS).
The main motive for issuing an IPO given by the company is to achieve the benefits of Equity Shares on the Stock Exchanges
