Bharti Hexacom IPO listing date today. GMP, experts see healthy debut of shares

livemint.com:

Bharti Hexacom IPO: The listing date of the initial public offering (IPO) of Bharti Hexacom Limited has been fixed on 12th April 2024 i.e. today. The mainboard IPO will list on BSE and NSE in the ‘B’ group of securities, the BSE notice says.

As per the information available on BSE, shares of the ‘Airtel’ brand owner company are going to be listed on BSE and NSE in a special pre-open session during Friday deals. So, Bharti Hexacom share price will become available for trade on Friday at 10:00 AM. "Trading Members of the Exchange are hereby informed that effective from Friday, April 12, 2024, the equity shares of Bharti Hexacom Limited shall be listed and admitted to dealings on the Exchange in the list of 'B' Group of Securities," the BSE notice says.

According to stock market experts, despite a 100 percent Offer for Sale (OFS), Bharti Hexacom IPO received a strong subscription on the last day of bidding. They said that investors have shown interest in the telecom growth story and Bharti Hexacom IPO subscription to the tune of nearly 30 times the initial offer is proof of it. They expected Bharti Hexacom IPO listing at a healthy premium of around 15 percent against the issue price of ₹542 to ₹570 per equity share.

Asked about the Bharti Hexacom IPO listing price range, they said that the Bharti Hexacom shares may list in the ₹650 to ₹660 per share range. Speaking on Bharti Hexacom IPO listing, Prathamesh Masdekar, Research Analyst at StoxBox said, "Following a strong oversubscription of about 30x to the IPO issue, Bharti Hexacom is expected to open higher when its lists on the bourses on Friday. We expect the issue to list at a premium of around 15% to the issue price of ₹570 per share." On expected Bharti Hexacom IPO