Bharti Hexacom IPO: Planning to invest? Know key risks involved before subscribing to issue
Bharti Hexacom IPO receives lukewarm response on Day 1, issue booked 34%; check latest GMP The IPO price band for Bharti Hexacom has been fixed at ₹542 to ₹570 per share, with a face value of ₹5. Investors can bid for multiples of 26 shares, with a minimum bid of 26 shares.
In terms of allocation, Qualified Institutional Buyers (QIBs) are allotted 75% of the offer, Non-Institutional Investors (NIIs) are limited to 15%, and retail investors are capped at 10%. The tentative timeline for the Bharti Hexacom IPO is as follows: The share allotment date is set for Monday, April 8.
Refunds are scheduled to commence on Wednesday, April 10, and shares will be credited to the demat accounts of allottees on the same day. The listing of Bharti Hexacom shares on the BSE and NSE is expected to take place on Friday, April 12.
The public issue will remain open till April 5, investors who wish to invest in the Bharti Hexacom IPO should know key risks involved in the public issue. Also read: Bharti Hexacom IPO opens today: GMP, subscription status, review, other key details.
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