The first public offer of the new fiscal year was made on Wednesday, April 3, when subscriptions for the initial public offering (IPO) of Bharti Airtel subsidiary Bharti Hexacom commenced. Subscriptions for the Bharti Hexacom IPO will be accepted for three trading days, ending on April 5.
The first share sale, projected to be worth ₹4,275 Crore, consists of an offer for sale (OFS) of 7.5 Crore equity shares, or 15% of Telecommunications Consultants India's ownership.
Day 2 of the Bharti Hexacom IPO's bidding procedure resulted in bids for 4.6 Crore shares as opposed to the 4.1 Crore shares that were available, representing 112% of the shares subscribed.
According to BSE data, at the end of day 2, QIB portion was subscribed 0.82 times. NII portion was subscribed 1.71 time and the retail category was subscribed 1.15 times.
According to a circular posted on the BSE, Bharti Hexacom received around ₹1,923.8 Crore from anchor investors prior to the IPO. Small Cap World Fund Inc., Aberdeen, Morgan Stanley Asia (Singapore) Pte., BlackRock, Fidelity Funds, Wellington Management, Abu Dhabi Investment Authority, Schroder, and Aberdeen were among the anchor investors.
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