Bharti Hexacom IPO, Schedule, Reservation, Lot Size, How to apply?

The pricing range for the Bharti Hexacom initial public offering (IPO) is set at ₹542 to 570 per share of equity, with a face value of ₹5. The Bharti Hexacom initial public offering (IPO) will begin on Wednesday, April 3, and run through Friday, April 5.

Bharti Hexacom IPO

The Bharti Hexacom initial public offering (IPO) price range is ₹542 to ₹570 per equity share, with a face value of ₹5. Subscriptions for the issue will be accepted starting on Wednesday, April 3, and ending on Friday, April 5. 

There is a minimum bid of 26 and bids can be made for numerous 26 shares. Ten percent of the offer has been reserved for ordinary investors, fifteen percent for non-institutional institutional investors (NII), and seventy-five percent for qualified institutional buyers (QIB).

The company’s Red Herring Prospectus claims that there will be no new offering component to the Bharti Hexacom IPO and that it is just an offer-for-sale (OFS). The only seller of the company, Telecommunications Consultants India, plans to divest 7.5 crore equity shares or fifteen percent of the OFS.

Bharti Hexacom IPO Schedule

Here is the full schedule of Bharti Hexacom IPO that can help you to become aware of the many important dates.

IPO Date of opening  On Wednesday, 3 April, will 2024 
IPO Date of Closing  On Friday, 5 April, 2024 
Basis of allotment  On Monday, 8 April, 2024 
Refunds Beginning Date  On Wednesday, 10 April, 2024 
The credit of shares to Demat  On Wednesday, 10 April 2024 
Date of Listing  On Friday, 12 April, 2024 
Time limit for UPI mandatory verification On 5 April, 2024

Bharti Hexacom IPO

Bharti Hexacom IPO Reservation 

The below table shows the Bharti Hexacom IPO Reservation. 

Investor Type Offered shares 
QIB offered shared  Maximum 75% of the net issue 
Retail offered shares  Maximum 10% of the net issue 
NII(HIN) offered shares  Maximum 15% of the net issue

Bharti Hexacom IPO Lot size

There is a minimum bid of 26 and bids can be registered for numerous of 26 shares. The table below displays the lowest and highest shares as well as the overall sum of investments made by retail and HNI investors.

Applications  Shares  Lot Size Amounts
Minimum Retail  26 1 ₹14,820
Maximum Retail  338 13 ₹192,660
Minimum S – HNI 364 14 ₹207,480
Maximum S-HNI 1742 67 ₹992,940
Minimum B-HNI 1768 68 ₹1,007,760

How to apply for Bharti Hexacom IPO?

On April 3, 2024, the Bharti Hexacom IPO will go live for subscriptions, and it will end on April 5, 2024. The listing date is slated for Friday, April 12, 2024, and the allotment is anticipated to be completed on Monday, April 8, 2024. 

The following is a step-by-step guide on applying through Zerodha for the Bharti Hexacom Limited IPO:

  • Visit the Zerodha website or app to access your account.
  • Navigate to the area for the portfolio.
  • Select IPO.
  • Keep an eye out for the “Bharti Hexacom” IPO.
  • Press the “Bid” button.
  • Input the number of shares you desire to apply for, your bid price, and your UPI ID.
  • To finish your IPO request form, click Submit.

Is it good to invest in Bharti Hexacom IPO?

If you want to make money through investment in Bharti Hexacom ipo then you must know about all the factors on which it depends whether you should invest or not. Before investing in the Bharti Hexacom IPO, take into account the following important factors:

  • Market Conditions: Evaluate the general mood of the market. Is it more pessimistic or favorable? Think about the market’s potential effects from geopolitical events as well as the economic forecast.
  • Financials: Examine the financial statements of the business. Examine profit margins, debt levels, and increase in sales.
  • Read more about their business model: Comprehend the business model of Bharti Hexacom. What kinds of services do they offer, and how do they make money?
  • Industry Position: Assess the business’s ability to compete in the telecom sector.
  • Risk Tolerance: Take your risk tolerance into account. Gains at an IPO are not guaranteed, and they might be rather volatile.

Examining the company’s financial statements, comprehending the dangers, and weighing the investment’s timing is crucial. It is also essential to speak with a financial counselor for a customized suggestion based on your particular financial circumstances. 

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