BHARTI HEXACOM IPO
IPO rush amid market rally boosts demand for independent directors
Amid IPO frenzy, companies race to appoint independent directors with specific skill sets crucial for growth. Women lead key committees, while former bureaucrats remain sought after. The process overlooks competencies, favoring recommendations from bankers and auditors. Specialized firms aid in identifying professionals for board roles, ensuring compliance with listing regulations.
73% IPOs trading above issue price as primary market shines in H1, four turn multibaggers
The fundraising of Rs 26,272 crore, however fell short of the previous two years likely due to the absence of mega issues. Investors' reception also remained positive with only one failed IPO.
Bharti Hexacom Q4 Results: Net profit rises 10% YoY to Rs 222.6 crore
Bharti Hexacom, a subsidiary of Bharti Airtel, reported a 10% on-year rise in net profit in the fiscal fourth quarter to Rs 222.6 crore, on the back of strong mobile broadband user additions and average revenue per user (ARPU) growth.
Buy RIL, sell Jio Financial: How mutual funds tweaked stock portfolios in April
For three consecutive months, MFs bought shares of Reliance Industries, HDFC Bank, Hindustan Unilever, Axis Bank and ONGC. During the same time they slashed holdings in ICICI Bank, State Bank of India, Bajaj Finance, Bajaj Auto, and Nestle India
Government may sell 15% stake in Bharti Hexacom in multiple chunks
Last week, Bharti Hexacom, a unit of Sunil Mittal-driven Bharti Airtel completed shares allotment to the investors following the public issue early this month. The qualified institutional investors (QIB) showed an overwhelming response and the portion was oversubscribed by 48.57-fold. “The investors have shown confidence in the growth story of the telecom sector. A right mix of price and issue size can attract investors’ interest and fetch better returns,” Kumar said.
Bharti Hexacom shares jump 9% as stock enters good books of Jefferies
The brokerage said Bharti Hexacom (BHL) offers a way to invest in those parts of Airtel's businesses that are growing faster, have higher ROCE and better free cash flow conversion.
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Bharti Hexacom shares jump 12% post listing. Should you buy, sell or hold?
The listing pop was expected after it received an overwhelming response, as the issue was subscribed to a whopping almost 30 times. The qualified institutional investors (QIB) led the pack, subscribing 48.57 times their allocation.
Bharti Hexacom shares list at 32% premium over issue price
Bharti Hexacom shares listed at a 32.5% premium on BSE and NSE, after attracting strong interest from non-institutional investors. The IPO was solely an offer for sale by TCIL, with the company operating in Rajasthan and the North East telecommunication circles.
Bharti Hexacom GMP: Will there be a listing pop at the bourses tomorrow?
However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly.
Bharti Hexacom IPO allotment to be finalised soon. Here's how you can check status
After a robust response for the IPO, Bharti Hexacom is likely to finalise the share allotment today. The issue was booked 86 times at close on strong interest from non-institutional investors. Investors can check the status of their share allotment on the BSE or even by logging in to the registrar website.
IPO calendar next week: Bharti Hexacom's listing, 3 new issues to keep primary market rolling on
Even though there are no new IPO launches next week, the Street will see the listing of Bharti Hexacom's public offer, which received a healthy subscription of nearly 30 times.
Bharti Hexacom IPO retail segment subscribed 2.9x
The company's only public shareholder, Telecommunications Consultants India divested 15% stake in the company.
Bharti Hexacom IPO booked nearly 30 times on final day. Check GMP and other details
The category reserved for institutional investors was booked the most at 48 times, followed by non institutional investors at 10 times and retail investors at 2.82 times.
Bharti Hexacom IPO fully subscribed on Day 2. Check GMP and other details
Bharti Hexacom's IPO is completely an offer-for-sale and has no fresh equity issue. The company's shares were trading with a premium of Rs 40 in the unlisted market ahead of the issue launch.
Bharti Hexacom IPO: Check subscription on Day 1, GMP and other details
The initial public offer (IPO) of Bharti Hexacom was subscribed 34% on Wednesday, the first day of the bidding process. The Rs 4,275 crore issue will close on April 5.
Bharti Hexacom IPO opens for subscription. Should you bid?
Bharti Hexacom's IPO, with strong parentage and brand, is priced at Rs 542-570 per share. Analysts recommend subscribing to the Rs 4,275 crore issue as it is available at a reasonable valuation. The company offers 5G plus services and operates in Rajasthan and the Northeast circles.
Bharti Hexacom's Rs 4,275 crore IPO opens today. What GMP indicates ahead of subscription
Sunil Mittal-driven telco Bharti Airtel holds a 70% stake or 35 crore shares and the remaining 30% shareholding, equivalent to 15 crore equity shares is held by non-promoter TCIL.
Bharti Hexacom a telecom leader with strong parentage, but offer looks pricey
BHL provides mobile, fixed-line, and broadband services in Rajasthan, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura. The company expanded its revenue market share in Rajasthan to 40.4% in nine months to December 2023 from 32.7% in FY21 and in North East to 52.7% from 42% by similar comparison.
IPO Calendar: Bharti Hexacom's Rs 4200 cr IPO, 10 listings to kick-off primary market activity in FY25
Kicking off the IPO market in FY25 is the mega Bharti Hexacom public offer, the sole issue next week, which plans to raise around Rs 4,275 crore. The issue opens for subscription on April 3 and closes on April 5.
Bharti Hexacom IPO opens this week. 10 things to know before subscribing to the issue
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 Hexacom pegs IPO price band at Rs 542-570 a share
Bharti Hexacom has pegged Rs 542-to-570 per share price band for its upcoming Rs 4,275 crore initial public offering (IPO) thqt opens April 3, and will pave the way for state-run Telecommunications Consultants India Ltd (TCIL) to divest 15% of its shares in the Bharti Airtel unit.
Bharti Hexacom sets price band at Rs 542-570 for IPO, issue opens on April 3
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.
Bharti Hexacom IPO opens April 3; TCIL to halve stake in co to 15%
Bharti Hexacom IPO on April 3, TCIL divests 15%. Bharti Airtel keeps 70%. ₹5,000 crore revenue expected. BofA's view on wireless services potential in Hexacom circles.
Bharti Airtel's subsidiary Bharti Hexacom to launch IPO on April 3, TCIL to sell 15% stake
Bharti Hexacom's IPO on April 3, targeting Rs 28,000-35,000 crore valuation, with operations in Rajasthan and Northeast circles. Airtel subsidiary to maintain majority ownership, showcasing improved ARPU, large customer base, and diverse spectrum portfolio.
TCIL to sell 15% stake in Bharti Hexacom
Initially, the public sector company sought to offload 20% of the equity in Bharti Hexacom, but according to the sources, it has now withdrawn the application, and informed the telecom department (DoT) about its plans to divest 15% equity for now.
Airtel's unit Bharti Hexacom gets Sebi nod to raise funds through an IPO
The government is looking to garner around Rs 10,000 crore through the stake sale by Telecommunications Consultants, a state-owned telecom engineering and consulting firm with business interests overseas, including in pan-African and West Asia markets.
Bharti Hexacom files IPO papers, to sell TCIL’s 20% stake
Bharti Airtel unit, Bharti Hexacom, has filed a draft offer document with Sebi to sell 20% held by state-owned Telecommunications Consultants India Ltd in the firm. TCIL will sell 100 million equity shares of face value of ₹5 each. IPO will have no fresh issuance of equity shares. 3
Bharti Hexacom files IPO papers, to sell TCIL’s 20% stake
BRIEF-Bharti Airtel -BRIEF-Bharti Airtel - Unit Bharti Hexacom Files For IPO
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