The IPO of a subsidiary company of the country’s second largest telecom company Bharti Airtel is hitting the market today. This IPO can bring you huge income. Let us know about it…
Another company of Bharti Airtel Group, which owns the country’s second largest telecom company Airtel, is knocking in the stock market today. The IPO of Airtel’s subsidiary company Bharti Hexacom is going to open today. This company can make you huge income, do you know all its details? Let us tell you…
Even before the opening of the IPO, Bharti Hexacom has raised Rs 1,924 crore from anchor investors. This IPO is worth a total of Rs 4,275 crore, which will open on April 3 and close on April 5.
Company is issuing 7.5 crore shares
Bharti Hexacom is selling 7.5 crore shares in this IPO. In this, the face value of each share will be Rs 5. Telecommunications Consultants India Limited is selling its stake in Bharti Hexacom and is keeping all these shares in the same offer for sale.
Bharti Airtel holds 70 percent stake in Bharti Hexacom and Telecommunications Consultants India holds 30 percent stake. This company provides mobile service, fixed line telephone service and broadband service in Rajasthan and North-Eastern areas under the brand name ‘Airtel’.
One lot size is 26 shares
The size of one lot in Bharti Hexacom’s IPO is 26 shares. For this, the company has fixed the price band at Rs 542 to Rs 570 per share. The shares of this company will be listed on BSE and NSE. Share allotment can be completed by April 8, while trading can start from April 12, 2024.
Bharti Airtel will make good money
The listing of shares of Bharti Airtel Group’s subsidiary ‘Bharti Hexacom’ can bring you huge earnings. The reason for this is that the ‘grey market premium’ rate of this share market is showing quite tremendous. It is expected to get a premium of up to Rs 50 per share, which means it can be listed at a price of Rs 620 on the day of listing.