2024-03-30 18:44:28
New Delhi: If you like to invest in IPO then you have a great opportunity next week. Next week, the initial public offering (IPO) of Bharti Hexacom, a subsidiary of telecom operator Bharti Airtel, is going to open. According to the company’s IPO documents, the 3-day initial share sale will close on April 5. Anchor investors will be able to place bids for shares on April 2. This will be the first IPO of the new financial year 2024-25. The financial year 2024 is about to end in the country. India has emerged as the world’s second most active market for equity capital market deals, raising just over Rs 15,400 crore through IPOs in the March quarter. According to experts, IPOs of many big companies are coming in the new financial year. . The first IPO at the beginning of the new financial year will be of Bharti Hexacom. The company is planning to raise around Rs 4,275 crore. The IPO will be entirely in the form of an offer for sale (OFS) of 7.5 crore shares. The existing shareholder is Telecommunications Consultants India Ltd. Is equal to 15 percent stake. However, the size of the OFS has been reduced from the earlier 10 crore shares.
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Listing will happen on this day
Bharti Hexacom’s IPO will be open for applications from 3rd to 5th April. The allotment in the IPO is expected to be done by April 8 while its listing on NSE and BSE is expected by April 12. A lot of 26 shares has been fixed in this IPO. This means that investors will have to bid for at least 26 shares, for which they will have to pay Rs 14820. On top of this, retail investors will have to bid in multiples of 26 shares.
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Do not invest without information
Before investing in any IPO, definitely talk to your financial advisor once. If you do not do this, you may have to suffer financial loss. Invest in any IPO or shares only after talking to a financial advisor.