Bharti Hexacom IPO: The company has fixed a price band of Rs 542-570 per share for its maiden public offer. At the upper end, the company plans to raise Rs 4,275 crore. The current GMP is Rs 40 in the unlisted market.
Bharti Airtel: Bharti Hexacom IPO consists solely of an offer-for-sale (OFS) component, without any fresh issue of shares. Telecommunications Consultants India (TCIL), the sole public shareholder in the company, will offload 7.5 crore equity shares or a 15% stake in the OFS.
The Bharti Hexacom IPO consists solely of an OFS component, without any fresh issue of shares. The anchor book of the first public issue of the new financial year FY2024-25 will be open for a day on April 2. The company aims to raise Rs 4,275 crore from the stake sale.