Bharti Hexacom IPO Subscription Status Reaches 29.88 Times

Bharti Hexacom IPO Subscription Status/bhartihexicon

VoM News Desk | April 5, 2024 | 05:52 PM IST | Breaking News | Follow on Google News

Bharti Hexacom IPO Subscription Status Reaches 29.88 Times

Bharti Hexacom IPO Subscription Status Reaches 29.88 Times

The Bharti Hexacom IPO subscription status, as of 17:18 IST on Friday, stands at 29.88 times, according to BSE data, marking a strong demand from various investor categories.

Subscription Trend Across Days

The IPO saw a significant surge in subscription on the last day, with the QIBs portion oversubscribed by 48.57 times, followed by the retail segment at 2.82 times and the NIIs category at 10.51 times. On the second day, retail and non-institutional investors showed enthusiasm, while QIBs portion garnered 82% subscription. However, the first day witnessed 34% subscription, with retail and NII segments being subscribed at 48% and 36%, respectively.

Insights into Bharti Hexacom

Bharti Hexacom, a communication solutions provider serving Rajasthan and North-East circles, reported a steady increase in client market share in both regions. With Bharti Airtel Ltd owning 70% of the company and the Government of India through TCIL owning 30%, Bharti Hexacom demonstrated growth in its subscriber base and market share, positioning itself as a significant player in the telecom industry.

GMP Signals Positive Listing

The grey market premium (GMP) for Bharti Hexacom IPO stands at +70, reflecting investors’ readiness to pay a premium over the issue price. With expectations of a strong listing, the GMP indicates a bullish sentiment among investors, suggesting a positive outlook for the company’s shares in the market.

VoM News Desk

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