Active Stocks
Wed Jun 19 2024 14:23:53
  1. HDFC Bank share price
  2. 1,662.05 3.31%
  1. Tata Steel share price
  2. 180.25 -0.50%
  1. State Bank Of India share price
  2. 855.30 1.27%
  1. ITC share price
  2. 424.65 -0.97%
  1. ICICI Bank share price
  2. 1,154.60 2.81%
Business News/ Markets / Ipo/  Bharti Hexacom IPO: What GMP, subscription status signal as focus shifts to allotment and listing date
BackBack

Bharti Hexacom IPO: What GMP, subscription status signal as focus shifts to allotment and listing date

Bharti Hexacom IPO GMP: Shares of the ‘Airtel’ brand owner company are available at a premium of ₹62 in the grey market, say market observers

Bharti Hexacom IPO subscription status: In three days of bidding from Wednesday to Friday last week, the public issue worth ₹4,275 crore was subscribed around 30 times. (https://www.bhartihexacom.in/)Premium
Bharti Hexacom IPO subscription status: In three days of bidding from Wednesday to Friday last week, the public issue worth 4,275 crore was subscribed around 30 times. (https://www.bhartihexacom.in/)

Bharti Hexacom IPO: Subscription for the initial public offering (IPO) of the 'Airtel' brand owner company Bharti Hexacom Limited ended on Friday last week. In three days of bidding from 3rd to 5th April 2024, Bharti Hexacom IPO subscription status signals a tepid response by retail investors. However, the mainboard IPO sailed through after receiving a strong response from QIB investors on the last date of the Bharti Hexacom IPO subscription. Meanwhile, the grey market has managed to remain steady regarding Bharti Hexacom IPO. According to stock market observers, shares of Bharti Hexacom Limited are available at a premium of 62 in the grey market today.

Bharti Hexacom IPO GMP today

As per the market observers, Bharti Hexacom IPO GMP (grey market premium) today is 62, which is unchanged from its Friday GMP. They said that on Friday, Bharti Hexacom IPO GMP had surged from 59 to 62, recording a 3 per share rise in the grey market. Observers went on to add that the grey market has managed to remain steady regarding Bharti Hexacom IPO despite high volatility in the Indian secondary market. They said that the tepid response by the retail investors also failed to dent grey market sentiments as the public issue received a strong response from QIB investors.

Bharti Hexacom IPO subscription status

In three days of bidding from Wednesday to Friday last week, the public issue worth 4,275 crore was subscribed around 30 times. The retail portion of the book build issue was booked 2.83 times, the NII portion was subscribed 10.52 times whereas the QIB segment was subscribed 48.57 times.

Infographic: Courtesy mintgenie
View Full Image
Infographic: Courtesy mintgenie

Bhrti Hexacom IPO allotment, listing date

In the wake of the T+3 listing rule, the Bharti Hexacom IPO listing date is most likely on the third working day after the end of the Bharti Hexacom IPO subscription. As the Bharti Hexacom IPO subscription ended on 5th April 2024 and the next two days are weekends, we can expect the Bharti Hexacom IPO listing date on 10th April 2024 i.e. on Wednesday next week. Likewise, the Bharti Hexacom IPO allotment date can be expected on Monday next week i.e. on 8th April 2024.

3.6 Crore Indians visited in a single day choosing us as India's undisputed platform for General Election Results. Explore the latest updates here!

ABOUT THE AUTHOR
Asit Manohar
Chief Content Producer at Live Mint Digital Team
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 06 Apr 2024, 08:33 AM IST
Next Story footLogo
Recommended For You
GENIE RECOMMENDS

Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Let’s get started