Bharti Airtel arm Bharti Hexacom IPO will knock the Dalal Street soon. Bharti Hexam has filed the Draft Red Herring Prospectus (DRHP) to SEBI on Sat 19 Jan 2024 to get approval for IPO. After the filing of DRHP, investors in the stock market became curious to know Bharti Hexacom IPO date, price band, issue size, and details. Let’s discuss everything here with the offer for sale and the face value of the shares.
The company board of directors has approved the IPO with the ₹5 face value of each equity share. In this IPO, the existing investors will sell the equity and the offer for sale (OFS) is 10 crore equity shares. As per the letter, there will be no fresh issue of equity shares. Telecommunications Consultants India Ltd will sale the 10,000,0000 shares in this initial public offer.
Bharti Hexacom is primarily working as the largest mobile telephony service provider in Rajasthan and the northern-eastern region of India. It is a big subsidiary of Bharti Airtel which can gain the trust of investors at the time of IPO launch. This IPO is gaining attention in the stock market because of Bharti Airtel which is one of the largest telecom companies in India. Currently, Bharti Airtel is the second big telecom company with a huge number of active users.
Most probably, the Bharti Hexacom IPO may hit the market mid of 2024. However, currently, the company needs the approval from Securities and Exchange Board of India (SEBI). The details related to the price band will be revealed by the company after getting approval from SEBI. We will update many more details about this Initial Public Offer and Bharti Hexacom financials for the past few years. Stay tuned for the latest business news and updates from the various industries of India.
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