Bharti Hexacom Makes a Strong Market Debut with 32% Premium

Exciting news shook the market as shares of Bharti Hexacom Ltd, a subsidiary of Bharti Airtel, hit the trading floor with a remarkable 32% premium against the issue price of Rs 570. The stock kicked off the trade at Rs 755.20 on the BSE, marking a gain of 32.49% from its issue price, and later surged to Rs 824.70, a climb of 44.68%.

Bharti Hexacom shares make market debut with 32% premium

Over on the NSE, the stock debuted at Rs 755, reflecting a 32.45% rise. With this successful entry into the market, Bharti Hexacom's market valuation soared to Rs 40,637.50 crore.

The overwhelming response to Bharti Hexacom's initial public offering was evident, with a subscription rate of 29.88 times on the last day of bidding, which closed on April 5. This marked the first public issue of the financial year 2024-25.

The IPO, totaling Rs 4,275 crore, was open for public subscription from April 3-5, featuring a price band of Rs 542-570 per share for the Initial Public Offer. Notably, the IPO comprised entirely of an Offer For Sale (OFS) of 7.5 crore equity shares, representing a 15% stake divested by Telecommunications Consultants India Ltd, without any fresh issue component.

Bharti Hexacom is a leading provider of telecommunication services in Rajasthan and the Northeast region, contributing to the Bharti Group's diverse portfolio. This momentous market debut follows the group's previous IPO of Bharti Infratel, now known as Indus Towers, back in 2012.

With Bharti Hexacom's stellar performance on its market debut, all eyes are on its future trajectory as it navigates the dynamic landscape of the telecommunications industry.