Bharti Hexacom IPO Debut: All Information GMP, Subscription Status, Allotment and Listing Date

Bharti Hexacom’s Initial Public Offering (IPO) is scheduled to be launched on the 12th of April, with the shares expected to be credited to demat accounts by 10th April. The subscription status shows a strong demand particularly from Qualified Institutional Buyers thereby indicating a healthy listing price expected around 10-12% higher than the issue price of ₹570 per share.

The IPO witnessed robust demand and closed at 29.88 times subscription majorly driven by QIBs. Retail investors also participated in a decent way. The offer allocation reserved 75% for QIBs, 15% for NIIs and 10% for retail investors. Bharti Hexacom, which is a subsidiary of Bharti Airtel, offers communication solutions in Rajasthan and the North Eastern telecom circles including Arunachal Pradesh and Tripura among others states. Analysts see potential for Bharti Hexacom offering with positive market trends and expectations of long-term growth in Indian telecom industry that may have it list around 10-12% above its IPO price.

Currently, the grey market premium (GMP) for Bharti Hexacom IPO stands at +92 which indicates that there is strong interest from investors leading to a prospective listing price of ₹662 per share or a premium of about16.14% over the IPO price, increasing trend in IPO GMP along with high activity levels in gray market suggest firm listing prospects for Bharti Hexacom shares as compared to their issue prices implying preparedness by investors to pay more than the stated costs.

Bharti Hexacom IPO Details:

The Bharti Hexacom IPO, which offered for sale existing shares by the government, concluded its bidding process on April 5th and is set to debut on the stock exchanges (BSE & NSE) on April 12th. The IPO received a decent response with a subscription nearly 30 times higher than the shares offered. Unofficially, the grey market premium hints at a possible listing price above the IPO range. While this suggests investor interest, remember that GMP is an unofficial estimate and shouldn’t be the sole factor for your investment decisions.

Bharti Hexacom Company Detail:

Bharti Hexacom, a communications solutions provider based in India, has a strong focus on delivering fixed-line telephone and broadband services. It was formed as Hexacom in 1995, but in 2004 it underwent significant changes; this followed its acquisition by Bharti Airtel, a leading telecom company. It changed its name to Bharti Hexacom after being acquired by a major telecom player, Bharti Airtel in 2004. At present, Bharti Airtel controls 70% of the shares while the remaining 30% are owned by the Government of India through TCIL (Telecommunications Consultants India Ltd.). Hence forth this paper will focus on some of the significant things that have happened since them especially as far as business operations are concerned around the world hence brought about change in our lives. The main area of operation for Bharti Hexacom includes Rajasthan and North Eastern states such as Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura where it offers various items like fixed line phones and broadband connections.

GMP Meaning In IPO:

GMP (Grey Market Premium) and subscription status can be indicators of potential investor interest in an upcoming Initial Public Offering (IPO) listing, but they should be interpreted with caution as they are not guarantees of future performance. The Grey Market Premium (GMP) serves as an unofficial indicator of the premium at which a share is being traded in the unlisted (grey) market before its official listing on the stock exchange. It essentially reflects investor sentiment and their anticipations regarding the stock’s potential trading price post-listing. A positive GMP signifies investors’ optimism, suggesting an expected increase in the share price after listing. Conversely, a negative GMP hints at a potential decline in the share price post-listing, reflecting a more cautious outlook among investors.

Bharti Hexacom IPO Allotment Results Released; Latest GMP and Steps to Check Application Status Online

The Bharti Hexacom IPO has completed its allotment process, signaling the finalization of share allocations for prospective investors. With the bidding window closing on April 5th, 2024, the allotment of shares was officially confirmed on April 8th, 2024. This step solidifies the company’s determination of the number of shares allotted to each applicant, considering their individual applications and the overall demand for shares.

Checking Application Status Online:

Since allotment is complete, you can now check if your application for Bharti Hexacom shares was successful. Here’s how:

1. Through KFin Technologies Limited (Registrar):

• Visit the KFin Technologies website: [kfintech.com] (Disclaimer: I cannot provide specific links).
• Look for a section dedicated to IPO allotment status.
• Select “Bharti Hexacom Ltd” from the list of IPOs (if available, allotment needs to be finalized for it to be listed).
• Choose the method for checking your status: PAN number, application number, or Demat account number.
• Enter the required details and captcha code.
• Click “Submit” to view your allotment status.

2. Through Stock Exchange Websites (BSE or NSE):

• Visit the website of either the BSE (Bombay Stock Exchange) or NSE (National Stock Exchange).
• Look for a section on IPO allotment or investor services.
• Select “Bharti Hexacom Ltd” from the IPO list.
• Enter your PAN number and application number (specific requirements might differ).
• Click “Search” to view your allotment status.

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