Bharti Hexacom IPO Subscribed 29.88 times

About Bharti Hexacom IPO

Bharti Hexacom IPO, book-built issue worth ₹4,275.00 crores, comprises entirely of offer for sale of 7.5 crore shares. Bharti Hexacom IPO bidding commenced for subscription on April 3, 2024, & is scheduled to conclude on April 5, 2024. allotment for Bharti Hexacom IPO is anticipated to be finalized on Monday, April 8, 2024. Following this, IPO is set to list on both BSE & NSE, with tentative listing date fixed as Friday, April 12, 2024.

Bharti Hexacom IPO price band for has been established at ₹542 to ₹570 per share. Retail investors are required to apply for minimum lot size of 26 shares, entailing minimum investment of ₹14,820. For SNIIs, minimum lot size is 14 lots, equivalent to 364 shares, amounting to ₹207,480. Meanwhile, for BNII investors, minimum lot size is 68 lots, comprising 1,768 shares, totaling ₹1,007,760. Bharti Hexacom IPO purpose of Offer is to sell up to 75,000,000 Equity Shares owned by Selling Shareholder & to achieve benefits of listing Equity Shares on Stock Exchanges.

Read more about Bharti Hexacom IPO

Bharti Hexacom IPO Subscription Status

Bharti Hexacom IPO subscribed 29.88x. public issue subscribed 2.82x in retail category, 48.57x in QIB, & 10.51x in NII category by April 5, 2024 5:47:08 PM.

Subscription status of Bharti Hexacom IPO reflects significant interest from investors, with public issue being oversubscribed by 29.88 times by closing date of April 5, 2024. This level of oversubscription indicates strong demand for IPO shares.

Breaking down subscription by investor category, we observe varying levels of interest:

1. Retail Investors: subscription from retail investors stood at 2.82 times, indicating moderate interest from individual investors. This suggests that retail investors are cautiously optimistic about IPO & its prospects.

2. Qualified Institutional Buyers (QIBs): QIBs showed substantial interest, with subscription of 48.57 times. This robust demand from institutional investors highlights their confidence in company's fundamentals & growth potential.

3. Non-Institutional Buyers (NIIs): NIIs also demonstrated significant interest, with subscription of 10.51 times. Within NII category, bids above ₹10 lakhs (bNII) recorded higher subscription of 12.27 times compared to bids below ₹10 lakhs (sNII) at 7.00 times. This suggests that larger investors have shown more enthusiasm for IPO compared to smaller ones.

Subscription figures indicate that Bharti Hexacom IPO has garnered substantial attention across all investor categories. However, investors should exercise caution & conduct thorough due diligence before participating in IPO. Factors to consider include company's financial performance, industry outlook, competitive positioning, & valuation relative to peers.

Given strong demand for IPO shares, investors may need to strategize their approach, considering factors such as allotment probability & potential listing gains. Additionally, retail investors should evaluate their risk appetite & investment objectives before making any investment decisions.

In conclusion, while Bharti Hexacom IPO has attracted significant investor interest, potential investors should carefully assess investment opportunity & consider consulting with financial advisors to make informed decisions aligned with their investment goals & risk tolerance.

Bharti Hexacom IPO Allocation Quota for Various Categories

Data Source: BSE

Here it must be noted that 33,750,000 shares issued to anchor investors on 23rd March 2024, were actually reduced from original QIB quota; & only residual amount would be available to QIBs in IPO. That change has been reflected in table above, with QIB IPO portion reduced to extent of anchor allocation.

Overall allocation to QIBs includes anchor portion, so anchor shares allotted has been deducted from QIB quota for purpose of public issue.

Bharti Hexacom IPO Subscription Details

To Summarize

Bharti Hexacom IPO saw gradual increase in subscription over three days, with QIBs showing significant interest by Day 3, oversubscribing by 48.57 times.

NIIs also displayed robust demand, while retail investors demonstrated moderate interest throughout subscription period.