Bharti Hexacom IPO Price Band Revealed

Bharti Hexacom IPO Price Band Revealed
Bharti Hexacom IPO Price Band Revealed
Bharti Hexacom IPO Price Band Revealed
Bharti Hexacom IPO Price Band Revealed

Bharti Hexacom IPO Price Band Revealed

Bharti Hexacom IPO Price Band Revealed

Bharti Hexacom IPO Price Band Revealed

  • Bharti Hexacom IPO announces price band: ₹542 to ₹570 per equity share of face value ₹5.
  • Subscription opens: Wednesday, April 3; Closes: Friday, April 5.
  • Bids in multiples of 26 shares, minimum bid: 26 shares.

Offer Structure:

  • 75% for Qualified Institutional Buyers (QIB).
  • Up to 15% for Non-Institutional Investors (NII).
  • Up to 10% for Retail Investors.

Offer Composition:

  • Offer-for-sale (OFS) only, no fresh issue.
  • Telecommunications Consultants India to sell 7.5 crore equity shares, 15% of OFS.

IPO Size:

  • Finalized after consultation with book running lead managers (BRLMs).
  • Government to sell only 15% shares through TCIL.
  • TCIL holdings subject to six-month lock-in period.

Lead Managers:

  • SBI Capital Markets Limited
  • Axis Capital Limited
  • BOB Capital Markets Limited
  • ICICI Securities Limited
  • IIFL Securities Limited.

Bharti Hexacom’s Expansion Plans

  • Provides communication solutions in Rajasthan and North East circles.
  • Aims to enhance network coverage in existing areas.
  • Focuses on revenue-generating cities and high-value catchment areas.
  • Prioritizes rural coverage to increase 4G/5G customer base.
  • Invested ₹71,033 million in network expansion in recent fiscal years.
  • Achieved growth in market share and average revenue per user (ARPU).

Director’s Statement

  • Soumen Ray emphasizes continuous network expansion and infrastructure investment.
  • Highlights growth in 4G/5G customer base and market share.
  • Stresses commitment to enhancing customer experience and revenue growth.

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