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 c...