Bharti Hexacom IPO Allotment: Investors Await Finalization

Bharti Hexacom IPO Allotment: Investors Await Finalization/Mint

VoM News Desk | April 8, 2024 | 01:45 PM IST | Breaking News | Follow on Google News

Bharti Hexacom IPO Allotment: Investors Await Finalization

Bharti Hexacom IPO Allotment: Investors Await Finalization

The Bharti Hexacom IPO allotment is set to be finalized today, April 8. Investors eagerly anticipate checking their allotment status on the registrar’s portal, Kfin Technologies Ltd. The IPO, which opened on April 3 and closed on April 5, witnessed strong demand, with subscription levels reaching 29.88 times on the third day.

Investors can expect refunds for unallocated shares to commence on April 10, while shares allotted will be credited to demat accounts on the same day. The listing date for Bharti Hexacom IPO is scheduled for April 12.

To check the allotment status, investors can visit the IPO registrar’s website and follow the provided steps. Additionally, they can check through BSE or NSE websites using their application number or PAN.

Grey market premium (GMP) for Bharti Hexacom IPO stands at +82, indicating a premium of ₹82 in the grey market. This suggests investors’ willingness to pay above the issue price, with predictions indicating a potential listing price of ₹652, reflecting a 14.39% increase over the IPO price of ₹570.

The upward trend in GMP over recent sessions indicates strong anticipation for a robust listing. Grey market premium serves as an indicator of investors’ confidence and market sentiment.

Reference Source: Mint

VoM News Desk

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