New Delhi: The upcoming weeks are set to be a busy one as numerous public offerings are set to hit the market. One of them is Bharti Hexacom. A subsidiary of telecom giant Bharti Airtel is gearing up to debut in the stock market with its initial public offering (IPO) on April 3.


First IPO Of New Financial Year


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This marks the first IPO of the new financial year 2024-25. (Also Read: IPO Calendar: 11 Public Offerings To Hit Market This Week; Details Here)


Bharti Hexacom IPO: Subscription Dates


The public issue will run from April 3 to April 5. (Also Read: iPhone 14 Plus Available With Big Discounts On Flipkart; Now You Can Buy At Rs 35,603 Off)


Bharti Hexacom IPO: Allotment Date


The Bharti Hexacom IPO's allotment will likely be decided on April 8, 2024.


Bharti Hexacom IPO: Listing Date


After the allotment, the IPO will start trading on both the BSE and NSE stock exchanges. This is expected to happen on April 12, 2024.


Bharti Hexacom IPO: Price Band


The price band for the IPO will be announced in the upcoming week.


Bharti Hexacom IPO: Issue Allocation


Bharti Hexacom has allocated 75 percent of the issue size for qualified institutional buyers. 15 percent of the issue size is reserved for non-institutional investors, including high net-worth individuals. The remaining 10 percent is set aside for retail investors.


Bharti Hexacom IPO: Anchor Book


The anchor book, a reserved portion for institutional investors, will open for a day on April 2.


Bharti Hexacom IPO: OFS


The Bharti Hexacom IPO will comprise solely an offer-for-sale (OFS), with no fresh issue component. Telecommunications Consultants India, the sole public shareholder in the company, will offload 7.5 crore equity shares, representing a 15 percent stake in the OFS.


Promoter Bharti Airtel currently holds a 70 percent stake in Bharti Hexacom, while Telecommunications Consultants India owns the remaining 30 percent (15 crore shares).