Bharti Hexacom Limited's Initial Public Offering Set to Open on Wednesday, April 3, 2024

 

Mumbai: "Bharti Hexacom Limited" ("Bharti Hexacom" or "the Company") is set to commence its initial public offering (IPO) of Equity Shares on Wednesday, April 3, 2024.

The total offer size of Equity Shares with a face value of ₹5 each comprises an offer for sale of up to 75,000,000 equity shares by Telecommunications Consultants India Limited ("Selling Shareholder") (The "Offer For Sale").

The Anchor Investor Bidding Date is scheduled for Tuesday, April 2, 2024. The Bid/Offer will conclude on Friday, April 5, 2024.

The Price Band of the Offer has been fixed at ₹542 to ₹570 per Equity Share. Bids can be made for a minimum of 26 Equity Shares and in multiples of 26 Equity Shares thereafter.

The objectives of the Offer are to (i) carry out the Offer for Sale of up to 75,000,000 Equity Shares by the Selling Shareholder; and (ii) achieve the benefits of listing the Equity Shares on the Stock Exchanges (The "Objects of the Offer").

These equity shares are being offered through the red herring prospectus of the Company dated March 22, 2024, filed with the Registrar of Companies, Delhi & Haryana (The "RHP") and are proposed to be listed on the BSE Limited ("BSE") and the National Stock Exchange of India Limited ("NSE") (The "Listing").

SBI Capital Markets Limited, Axis Capital Limited, BOB Capital Markets Limited, ICICI Securities Limited, and IIFL Securities Limited are the Book Running Lead Managers to the offer ("BRLMs").

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