Bharti Hexacom's IPO To Open On April 03

Price Band fixed at Rs542 to Rs570 per equity share of face value of Rs5 each

(L-R): Akhil Garg (CFO Bharti Hexacom); Naval Seth (Head of Investor Relations, Bharti Hexacom); Soumen Ray (Director, Bharti Hexacom); Sanjeev Kumar (Chairaman & Director, Telecommunications Consultants India); Surajit Mandol (Director, Telecommunications Consultants India) at the IPO conference in Mumbai

FinTech BizNews Service    

Mumbai, March 26, 2024: Bharti Hexacom Limited (“Bharti Hexacom” or “the Company”), shall open its Bid / Offer in relation to its initial public offer (IPO) of Equity Shares on Wednesday, April 03, 2024.

The total offer size of Equity Shares of face value ₹ 5 each comprising an offer for sale of up to 75,000,000 equity shares by Telecommunications Consultants India Limited (“Selling Shareholder”) (The “Offer For Sale”).

The Anchor Investor Bidding date shall be Tuesday, April 02, 2024.  The Bid/Offer will close on Friday, April 05, 2024.

The Price Band of the Offer has been fixed at ₹ 542 to ₹ 570 per Equity Share. Bids can be made for a minimum of 26 Equity Shares and in multiples of 26 Equity Shares thereafter.

The objects of the Offer are to (i) to carry out the Offer for Sale of up to 75,000,000 Equity Shares by the Selling Shareholder; and (ii) achieve the benefits of listing the Equity Shares on the Stock Exchanges. (The “Objects of the Offer”)

This Equity Shares are being offered through the red herring prospectus of the Company dated March 22, 2024 filed with the Registrar of Companies, Delhi & Haryana (The “RHP”) and are proposed to be listed on the BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”). (The “Listing”).

SBI Capital Markets Limited, Axis Capital Limited, BOB Capital Markets Limited, ICICI Securities Limited and IIFL Securities Limited are the Book Running Lead Managers to the offer (“BRLMs”).

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