Bharti Hexacom Debuts on Stock Market

Bharti Hexacom Debuts on Stock Market/Mint

VoM News Desk | March 25, 2024 | 02:06 PM IST | Breaking News | Follow on Google News

Bharti Hexacom Debuts on Stock Market

Bharti Hexacom Debuts on Stock Market

Bharti Hexacom, a subsidiary of Bharti Airtel, is set to enter the stock market on April 3, initiating the first IPO of the fiscal year 2024-25.

Offering Structure

The IPO, exclusively an offer-for-sale (OFS) segment, sees Telecommunications Consultants India selling a 15% stake, aiming to offload 7.5 crore equity shares.

Company Performance and Outlook

Bharti Hexacom, operating in Rajasthan and the Northeast, has seen growth, with an improved average revenue per user (ARPU) of ₹195. Despite revenue growth to ₹3,420 crore, profits declined to ₹69 crore in the six months ending September 2023.

VoM News Desk

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