Investors can trade in Bharti Hexacom IPO shares with effect from April 12. At the upper price band, Bharti Hexacom will have a market cap of Rs 28,500 crore.
As many as five SME IPOs opened for subscription earlier on Tuesday and four of them sailed through within hours of opening, as usual, backed by strong retail interest.
While FY24 saw firms from varied sectors tapping the IPO market, BFSI had a limited presence, with just Rs 9,655 crore being raised by companies from this sector. This accounts for about 18% of the total IPO fundraising, compared with 51% in FY23.
An ETIG analysis of the SME issues floated since the beginning of 2021 when the IPO rush began in this segment reveals that unlike the popular belief, majority of the listed SMEs failed to earn huge listing gains. On a one-year horizon, however, they were able to retain and even surpass their listing gains making a case for long-term holding period.