Bharti Airtel can make good earnings, this IPO will open today - know these 5 things before investing

Business News: Another company of Bharti Airtel Group, which owns Airtel, the country's second largest telecom company, is entering the stock market today. The IPO of Airtel's subsidiary company Bharti Hexacom is going to open today. This company can make you huge income, do you know all its details? Let us tell you… Even before the opening of the IPO, Bharti Hexacom has raised Rs 1,924 crore from anchor investors. This IPO is worth a total of Rs 4,275 crore, which will open on April 3 and close on April 5.

Company is issuing 7.5 crore shares

Bharti Hexacom is selling 7.5 crore shares in this IPO. In this, the face value of each share will be Rs 5. Telecommunications Consultants India Limited is selling its stake in Bharti Hexacom and is keeping all these shares in the same offer for sale.

Bharti Airtel holds 70 percent stake in Bharti Hexacom and Telecommunications Consultants India holds 30 percent stake. This company provides mobile service, fixed line telephone service and broadband service in Rajasthan and North-Eastern areas under the brand name ‘Airtel’.

One lot size is 26 shares

The size of one lot in Bharti Hexacom's IPO is 26 shares. For this, the company has fixed the price band at Rs 542 to Rs 570 per share. The shares of this company will be listed on BSE and NSE. Share allotment can be completed by April 8, while trading can start from April 12, 2024.

Bharti Airtel will make good money

The listing of shares of Bharti Airtel Group's subsidiary 'Bharti Hexacom' can bring you huge earnings. The reason for this is that the 'grey market premium' rate of this share market is showing quite tremendous. It is expected to get a premium of up to Rs 50 per share, which means it can be listed at a price of Rs 620 on the day of listing.

Know 5 important things about Bharti Hexacom IPO before investing.

IPO Price Band and Issue Size: The price band of Bharti Hexacom's IPO has been fixed at Rs 542 to Rs 570 per share. The lot size of this IPO has been fixed at 26 shares. Its issue size is Rs 4,275 crore.

Purpose of bringing IPO: In the information given by the company, it was said that the purpose of this IPO is to sell 7.5 crore equity shares through Offer for Sale by a shareholder and to take advantage of the stock market by getting listed on the stock exchange.

Bharti Hexacom Promoter: According to the information given in DRHP, Bharti Airtel is the promoter of this company. He holds about 35 crore shares, which is 70 percent of the equity of this company.

Business of Bharti Hexacom: Bharti Hexacom was established in 1995. The company provides fixed line telephone and broadband services in Rajasthan and North-East Telecom Circle. Talking about the states, the company's services are in Rajasthan, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura. The company has 2.70 crore customers.

Bharti Hexacom's GMP: According to InvestorGain, Bharti Hexacom's gray market premium (GMP) is running at Rs 47 per share. Let us tell you, GMP is only an index and it keeps changing according to the market conditions.