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<ul><li>Bharti Hexacom is expected to announce its share allotment status on Monday, April 8.</li><li>The shares of Bharti Hexacom were subscribed 29.88 times.</li><li>The shares are expected to be listed on the stock exchanges on April 12.</li></ul> New Delhi-based Bharti Hexacom, which provides fixed-line telephone and broadband services to customers is expected to announce the allotment status of its initial public offering (IPO) on Monday, March 8. The <keyword id="19580815" type="General" weightage="20" keywordseo="Bharti-Hexacom-IPO" source="Orion">Bharti Hexacom IPO</keyword> opened on April 3 and closed on April 5. The price band for the IPO was ₹542 to ₹570 per share. <cmsannotation type="cmsannotation" annotationid="Robust subscription" comment="subhead" text="Robust subscription">Robust subscription</cmsannotation> On its last day, the Bharti Hexacom IPO was subscribed 29.88 times, receiving bids for 123.25 crore equity shares against 4.13 crore shares on offer. While the qualified institutional buyer (QIB) portion was subscribed 48.57 times, the non-institutional investors portion was subscribed 10.52 times. The retail portion witnessed decent participation and was subscribed 2.83 times. <cmsannotation type="cmsannotation" annotationid="Grey market premium" comment="subhead" text="Grey market premium">Grey market premium</cmsannotation> The shares of Bharti Hexacom are currently commanding a grey market premium (GMP) of ₹80 per share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges. <cmsannotation type="cmsannotation" annotationid="Here’s how to check the IPO’s allotment status" comment="subhead" text="Here’s how to check the IPO’s allotment status">Here’s how to check the IPO’s allotment status</cmsannotation> You can check the allotment status on the registrar’s website. <ul><li>To check the <keyword id="21230678" type="General" weightage="100" keywordseo="Bharti-Hexacom-IPO-allotment" source="Orion">Bharti Hexacom IPO allotment</keyword> status, visit the registrar’s website<a href="https://kosmic.kfintech.com/ipostatus/"> here</a>. </li><li>Click on ‘Company Selection’ and then select ‘Bharti Hexacom’. </li><li>Now, enter your PAN, application number, DP / Client ID or Account number / IFSC. </li><li>Click on ‘Search’. </li></ul>You will be able to see your application status. It will display the number of shares that you have applied for and the number of shares that have been allotted to you. You can also check the Bharti Hexacom IPO allotment status on the BSE and NSE websites. To check the allotment status on BSE or NSE website: <ul><li>Go to the BSE<a href="https://www.bseindia.com/investors/appli_check.aspx"> website</a>. </li><li>On the website, click on 'Equity' and then select ‘Bharti Hexacom’ from the dropdown menu. </li><li>Now, enter your application number and PAN. </li><li>Click on 'Search'. </li><li>You will be able to see the number of shares allotted to you. </li><li>You can click<a href="https://www.nseindia.com/products-services/initial-public-offerings-bid-verification"> here</a> and log in to check your allotment status on NSE. </li></ul><cmsannotation type="cmsannotation" annotationid="Bharti Hexacom listing date" comment="subhead" text="Bharti Hexacom listing date">Bharti Hexacom listing date</cmsannotation> The shares of Bharti Hexacom will be listed on the stock exchanges on April 12. Disclaimer: The content on this website is for informational purposes only and should not be construed as investment advice. We recommend that readers consult certified, qualified, registered advisors for professional and personalised financial advice. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/motorola-edge-50-pro-with-snapdragon-7-gen-3-125w-charging-launched-in-india/articleshow/109023956.cms">Motorola Edge 50 Pro with Snapdragon 7 Gen 3, 125W charging launched in India</a> <a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-and-airtel-add-nearly-5-million-subscribers-in-january-2024/articleshow/109040220.cms">Reliance Jio and Airtel add nearly 5 million subscribers in January 2024</a> <a href="https://www.businessinsider.in/business/auto/news/indias-electric-two-wheeler-industry-records-highest-ever-monthly-sales-as-fame-subsidy-ends/articleshow/109030516.cms">India’s electric two-wheeler industry records highest-ever monthly sales as FAME subsidy ends</a>

Bharti Hexacom IPO allotment – How to check allotment, GMP, listing date and more

<ul><li><keyword id="19580815" type="General" weightage="20" keywordseo="bharti-hexacom-ipo" source="Orion">Bharti Hexacom IPO</keyword> will open for subscription to the public on April 3 and close on April 5.</li><li>The Bharti Airtel subsidiary intends to raise as much as ₹4,275 crore, in a complete offer for sale.</li><li><keyword id="488931" type="General" weightage="20" keywordseo="bharti-hexacom" source="Orion">Bharti Hexacom</keyword> provides telecom services in Rajasthan and the North East but does not own Airtel or Bharti trademarks. </li></ul>Bharti Airtel’s subsidiary, Bharti Hexacom, has fixed a price band of ₹542-₹570 per share for its initial public offer (IPO). The issue will open for subscription to the public on April 3 and close on April 5. Bharti Hexacom provides telecom services in Rajasthan and the North East. The issue, which intends to raise as much as ₹4,275 crore, is a complete offer-for-sale — wherein the company will receive no proceeds from the sale. Telecommunications Consultants India will offload 15% of its equity as a part of the issue. Ahead of the stake sale, Telecommunications Consultants India holds a 30% stake, with 70% held by Bharti Airtel. SBI Capital Markets, Axis Capital, BOB Capital Markets, ICICI Securities, and IIFL Securities are the book running lead managers of the public issue. Financials &amp; risk factors While the revenue of the company has been rising steadily, its profits have been wavering in the last three years. In FY21, its revenue and profitability were impacted by low average revenue per user (ARPU). It was addressed by a tariff hike in November 2021 by the company. “Further, our restated profit in FY22 is significantly attributable to exceptional items (net) amounting to ₹1,951 crore, which comprises gain on account of a commercial settlement with a service provider, settlement with a strategic vendor, and charge on account of levies,” the company said. In the nine months of FY24 ending December, its revenue from operations was at ₹5,220 crore, which is 7.8% higher than the ₹4,846 crore it reported in the same period of FY23. Its profits went up by 34% to ₹622 crore as compared to ₹463 crore in the same period. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY23 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY22 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY21 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Revenue from operations </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹6,579 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹5,405 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹4,602 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Net profit </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹733 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,841 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">(₹989 crore) </td></tr></tbody></table>Source: RHP Apart from intense competition and a heavy churn rate in the industry, Bharti Hexacom is also vulnerable to regulatory pressures. Apart from its business continuity depending on its ability to rebid and acquire spectrum, its revenues face the risk of regulatory ceilings on pricing, pricing pressure, a reduction in ARPU and more. As of December 31, 2023, its total outstanding borrowings stood at ₹3,771 crore. Not only can this limit its ability to undertake certain types of transactions, it also makes its business vulnerable to fluctuations in interest rates. “We require significant capital to fund our capital expenditure and if we are unable to raise additional capital, our business, financial condition and results of operations could be adversely affected,” the company said in its RHP. Without Bharti &amp; Airtel trademarks In spite of it being promoted by Bharti Airtel, Bharti Hexacom does not own the Airtel trademark. It is registered in favour of its promoter. They have entered into a trademark license agreement with the promoter, where they have been granted a non-exclusive, revocable, conditional license. It also does not own the Bharti trademark. The company is also engaged in a long-standing legal issue related to Adjusted Gross Revenue (AGR) demand by the government. Bharti Hexacom and Bharti Airtel have filed a review petition against the Supreme Court order dated July 23, 2021. The Apex court had dismissed clarification / modification applications filed by the telecom service providers for correction of errors in the AGR demands. The matter is pending adjudication before the Supreme Court. They have also filed a curative petition in the AGR matter against the orders dated October 24, 2019 and January 16, 2020 of the Supreme Court. It is also pending adjudication before the Supreme Court. It has already provided for the aggregate demand of ₹1,817 crore. “So any adverse outcome in this matter would not have any adverse impact on our financial condition,” the company said. (With inputs from PTI)

Bharti Hexacom IPO price band fixed at ₹542-570/sh, issue to open on April 3

<ul><li>The Bharti Airtel subsidiary provides telecom services in Rajasthan and the North East.</li><li>The issue is a complete offer-for-sale where <keyword id="21177918" type="General" weightage="20" keywordseo="telecommunications-consultants-india" source="keywords">Telecommunications Consultants India</keyword> will offload 15% stake.</li><li>It has raised ₹1,923.7 crore from anchor investors ahead of opening the issue to the public. </li></ul>As much as 34% of <keyword id="20275184" type="General" weightage="20" keywordseo="bharti-hexacom" source="keywords">Bharti Hexacom</keyword>’s ₹4,275 crore public offer was subscribed by the end of the first day of the issue, on Wednesday. It has received a similar amount of interest from all classes of investors. The issue will close on April 5. The company is Bharti Airtel’s subsidiary and provides telecom services in Rajasthan and the North East. It has fixed a price band of ₹542-₹570 per share for its initial public offer (IPO). The issue is a complete offer-for-sale — wherein the company will receive no proceeds from the sale. Telecommunications Consultants India will offload 15% of its equity as a part of the issue. It has raised ₹1,923.7 crore from anchor investors ahead of opening the issue to the public. Its anchor investors include <keyword id="21183058" type="General" weightage="20" keywordseo="blackrock-global-funds" source="keywords">Blackrock Global Funds</keyword>, <keyword id="21183057" type="General" weightage="20" keywordseo="fidelity-funds" source="keywords">Fidelity Funds</keyword> and <keyword id="20392245" type="General" weightage="20" keywordseo="abu-dhabi-investment-authority" source="keywords">Abu Dhabi Investment Authority</keyword> and more such. <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Category </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No of times subscribed </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">QIBs </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.29 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non institutional investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.36 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.48 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.34 </td></tr></tbody><tbody></tbody></table>Source: BSE Its revenues have been rising steadily, but its profits have been wavering in the last three years. In FY21, its revenue and profitability were impacted by low average revenue per user (ARPU). It was addressed by a tariff hike in November 2021 by the company. “Further, our restated profit in FY22 is significantly attributable to exceptional items (net) amounting to ₹1,951 crore, which comprises gain on account of a commercial settlement with a service provider, settlement with a strategic vendor, and charge on account of levies,” the company said. In the nine months of FY24 ending December, its revenue from operations was at ₹5,220 crore, which is 7.8% higher than the ₹4,846 crore it reported in the same period of FY23. Its profits went up by 34% to ₹622 crore as compared to ₹463 crore in the same period. Apart from intense competition and a heavy churn rate in the industry, Bharti Hexacom is also vulnerable to regulatory pressures. Apart from its business continuity depending on its ability to rebid and acquire spectrum, its revenues face the risk of regulatory ceilings on pricing, pricing pressure, a reduction in ARPU and more. As of December 31, 2023, its total outstanding borrowings stood at ₹3,771 crore. Not only can this limit its ability to undertake certain types of transactions, it also makes its business vulnerable to fluctuations in interest rates. “We require significant capital to fund our capital expenditure and if we are unable to raise additional capital, our business, financial condition and results of operations could be adversely affected,” the company said in its RHP.

Bharti Hexacom IPO opens to a tepid response with 34% of the issue subscribed

Think Initial Public Offers (IPOs) are a sure-shot, quickfire method to make a quick buck? If so, then investing in some of India's biggest IPOs to date would have created multiple millionaires. However, if the data is to be believed, 18 out of India's top 30 IPOs by way of size have failed to deliver on the returns front. Recent data from Capitalmind PMS suggests that of all the mega IPOs India has seen in the past 2 decades, only 12 IPOs i.e. stocks of 12 companies have delivered more returns that what you would have received, had you bought and held your investments in Nifty500(which invests in biggest 500 companies by market size). Infact, Paytm (54%), <keyword id="20024191" type="General" weightage="20" keywordseo="Reliance-Power" source="keywords" meta.keywordsubtype="org" meta.entityname="Reliance Power" meta.hostid="261" meta.entityid="Reliance Power">Reliance Power</keyword> (81%), General Insurance Corporation (2%) actually generated negative total returns to date. The only outliers in the list of top 10 IPOs were Zomato (listed in July 2021) and Coal India (listed in April, 2010), which managed to generate excess returns i.e. more than what was generated by Nifty500. While Zomato's total return to date, which is considered a comprehensive gauge of a stock's profitability, stands at 265%, Coal India total returns are a massive 443%. In these cases, had you simply bought and held the Nifty500 index for a similar duration, your returns would've been 73%, and 435% respectively. Also, 5 of the biggest IPOs India has ever seen (Bajaj Housing Finance, Bharti Hexacom, Brainbees, Ola Electric) have come in the last 2 years. In some cases, having stayed put in your index investments would have yielded you far better returns. Consider this, FSN E-Commerce, Nykaa's parent company, listed on the exchanges on November 2021. Its total returns till date have been 2%, while had you invested in Nifty500 index, your returns would've been 53%. Similarly, the total returns to date on Bandhan Bank's stock, which listed in March 2018, was a negative 43%. But, the index has delivered a whopping 163% returns during the same time. Hits and Misses <table class="redcator-table-advance"><tbody><tr><td>Company Name</td><td>Total Returns to Date (In %)</td><td>CNX (Nifty500) Returns (In %)</td></tr><tr><td>Reliance Power (Feb 2008)</td><td>-81</td><td>961</td></tr><tr><td>Zomato (July 2021)</td><td>265</td><td>73</td></tr><tr><td>Gland Pharma (November 2020)</td><td>14</td><td>124</td></tr><tr><td>NHPC (September 2009)</td><td class="se-table-selected-cell">389</td><td>961</td></tr><tr><td>Indian Railways Finance Corporation (January 2021)</td><td>582</td><td>109</td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table>Source: CapitalMind PMS <h2>Surge in IPOs? Not really </h2>It is impossible to overlook the sheer number of public offerings seen in the Indian markets over the past 2 years. Around 600 share sale offers have already hit the market since 2023. Out of these, 335 have come in this year, as of October 2024. While over Rs 50,000 crores have been raised by these share sales so far since 2023, only 22% of these funds raises have come from companies who are hitting the market for the first time i.e. bringing out their IPOs. The rest have come from already listed companies seeking to raise more funds. The biggest IPO that India has seen to date, that of <keyword id="19906087" type="General" weightage="20" keywordseo="Hyundai" source="keywords" meta.keywordsubtype="org" meta.entityname="Hyundai" meta.hostid="261" meta.entityid="Hyundai">Hyundai</keyword> Motor India, closes for subscription today. With an offer size of Rs 27,870.16 crore, it is 35% bigger than the previous biggest IPO in the country(LIC in May 2022). As of 12:30 pm today, Hyundai's offer had been 87% subscribed, with significant interest from QIBs and employees. At 0.43x, participation of retail investors remained largely subdued. Notably, an IPO is considered cancelled and withdrawn, if it fails to meet the 90% subscription threshold.

Do large IPOs guarantee large returns? Data suggests that 18 of India's biggest 30 IPOs did not generate solid returns

<ul><li>The stock listed at ₹813 as compared to its issue price of ₹570. </li><li>The company’s <keyword id="19932516" type="General" weightage="20" keywordseo="market-cap" source="keywords">market cap</keyword> is at ₹40,687 crore, as per the Bombay Stock Exchange.</li><li>The grey market was expecting 16% listing gains from the stock. </li></ul><keyword id="20275184" type="General" weightage="20" keywordseo="Bharti-Hexacom" source="keywords">Bharti Hexacom</keyword>’s stock sparkled on market debut, as it closed 42.7% higher than its issue price on Friday. The stock closed at ₹813 as compared to its issue price of ₹570. This was in spite of weakness in the broader markets. Sensex tanked 793 points on Friday, while Nifty fell 234 points after hitting new peaks in the last few sessions. The company’s market cap is at ₹40,687 crore, as per the Bombay Stock Exchange. The grey market was expecting 16% listing gains from the stock. “Healthy listing around 10-12% is justified due to a great opportunity for long-term investors to hold mid-cap telecommunications solutions providers and to play long term in India’s telecom structural average revenue per user (ARPU) growth story,” said Prashanth Tapse, senior VP of research at Mehta Equities. In spite of it being a total offer for sale, the issue was subscribed 30 times the shares on offer, with good interest from institutional investors. Qualified institutional buyers (QIBs) subscribed 30 times over, while non-institutional investors subscribed 10 times. The retail portion was subscribed 2.8 times over. The company has raised ₹1,923.7 crore from anchor investors ahead of opening the issue to the public. Its anchor investors include Blackrock Global Funds, Fidelity Funds, Abu Dhabi Investment Authority and more. About the IPO The company is <keyword id="19951944" type="General" weightage="20" keywordseo="Bharti-Airtel" source="keywords" meta.keywordsubtype="org" meta.entityname="Bharti Airtel" meta.hostid="261" meta.entityid="Bharti Airtel">Bharti Airtel</keyword>’s subsidiary and provides telecom services in Rajasthan and the North East. “The relationship between Bharti Hexacom and Airtel presents a compelling synergy, leveraging Airtel's brand strength, diverse service offerings and sustainability focus to drive sustained market growth. We recommend allotted investors to hold Bharti Hexacom from a long-term perspective,” said Shinde. The company’s revenues have been rising steadily, but its profits have been wavering in the last three years. In FY21, its revenue and profitability were impacted by low average revenue per user (ARPU). It was addressed by a tariff hike in November 2021 by the company. Further, our restated profit in FY22 is significantly attributable to exceptional items (net) amounting to ₹1,951 crore, which comprises gain on account of a commercial settlement with a service provider, settlement with a strategic vendor, and charge on account of levies,” the company said. In the nine months of FY24 ending December, its revenue from operations was at ₹5,220 crore, which is 7.8% higher than the ₹4,846 crore it reported in the same period of FY23. Its profits went up by 34% to ₹622 crore as compared to ₹463 crore in the same period. Apart from intense competition and a heavy churn rate in the industry, Bharti Hexacom is also vulnerable to <keyword id="21277667" type="General" weightage="20" keywordseo="regulatory-pressures" source="keywords">regulatory pressures</keyword>. Apart from its business continuity depending on its ability to rebid and acquire spectrum, its revenues face the risk of regulatory ceilings on pricing, pricing pressure, a reduction in ARPU and more. As of December 31, 2023, its total outstanding borrowings stood at ₹3,771 crore. Not only can this limit its ability to undertake certain types of transactions, but it also makes its business vulnerable to fluctuations in interest rates. “We require significant capital to fund our capital expenditure and if we are unable to raise additional capital, our business, financial condition and results of operations could be adversely affected,” the company said in its RHP. Disclaimer: The content on this website is for informational purposes only and should not be construed as investment advice. We recommend readers consult certified, qualified and registered advisors for professional and personalised financial advice.

Bharti Hexacom makes a stellar debut, lists at 42.7% premium

Benchmark <keyword id="19950208" type="General" weightage="20" keywordseo="bse-sensex" source="keywords">BSE Sensex</keyword> declined by 361 points on Tuesday, snapping its three-day gaining streak due to selling in index major <keyword id="19896380" type="General" weightage="20" keywordseo="reliance-industries" source="keywords">Reliance Industries</keyword>, <keyword id="19895995" type="General" weightage="20" keywordseo="hdfc-bank" source="keywords">HDFC Bank</keyword> and IT shares amid mixed global trends. The 30-share BSE <keyword id="19896382" type="General" weightage="20" keywordseo="sensex" source="keywords">Sensex</keyword> declined by 361.64 points or 0.50 per cent to settle at 72,470.30 with 20 of its components ending in the red and 10 in the green. During the day, it fell by 468.91 points or 0.64 per cent to 72,363.03 points. The broader Nifty of NSE declined 92.05 points or 0.42 per cent to 22,004.70 as 30 of its constituents dropped and 20 advanced. Among Sensex shares, PowerGrid fell the most by 2.07 per cent. Bharti Airtel dropped 1.99 per cent amid its subsidiary <keyword id="20275184" type="General" weightage="20" keywordseo="bharti-hexacom" source="keywords">Bharti Hexacom</keyword> announcing the launch of its Rs 4,275-crore IPO on April 3 at a price band of Rs 542 to Rs 570 per share. HDFC Bank declined 1.11 per cent contributing over 106 points to the total fall in Sensex. Reliance Industries fell 0.88 per cent, adding over 77 points to the fall. IT major Wipro dropped 1.5 per cent, Infosys by 1 per cent and TCS by 0.92 per cent and were a major drag on key indices. Kotak Mahindra Bank, UltraTech Cement, and Asian Paints were also among the losers. <keyword id="19955371" type="General" weightage="20" keywordseo="bajaj-finance" source="keywords">Bajaj Finance</keyword>, NTPC, Larsen &amp; Toubro, Axis Bank, Tata Motors, IndusInd Bank and Bajaj Finserv were among the gainers. "Aligned with global trends, the domestic market sustained its consolidation pattern, ending close to 22,000. While key data such as US GDP and inflation during the week may provide some clues on future rate cut paths, the fiscal year-ending truncated week, coupled with reduced trading volumes and monthly expiry, are likely to contribute to volatility.. "Generally, midcaps are performing well post the consolidation of the last 2-3 weeks, while the IT sector continued to experience sluggishness following weak global IT spending forecasts," said Vinod Nair, Head of Research, Geojit Financial Services. In the broader market, the BSE smallcap gauge declined 0.11 per cent while midcap index climbed 0.71 per cent. Among the indices, teck fell by 0.83 per cent, IT dipped by 0.57 per cent, bankex by 0.51 per cent and financial services by 0.26 per cent. Services jumped 1.48 per cent, realty climbed 1.45 per cent, industrials (0.95 per cent) and oil &amp; gas (0.84 per cent) were among the gainers. In Asian markets, Tokyo settled lower, while Seoul, Shanghai and Hong Kong ended in the positive territory. European markets were trading mostly in the green. Wall Street ended lower on Monday. Foreign institutional investors (FIIs) offloaded equities worth Rs 3,309.76 crore on Friday, according to exchange data. Equity markets were closed on Monday for Holi. Global oil benchmark Brent crude dipped 0.17 per cent to USD 86.60 a barrel. SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/news/best-smartphones-under-20000-in-india/slidelist/108790651.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/best-smartphones-under-20000-in-india/slidelist/108790651.cms" target="_blank">Best smartphones under ₹20,000 in India</a><a href="https://www.businessinsider.in/stock-market/webstories/srm-contractors-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/108779163.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/webstories/srm-contractors-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/108779163.cms" target="_blank">SRM Contractors IPO – Price band to risk factors, all you need to know</a><a href="https://www.businessinsider.in/tech/mobile/news/oneplus-12-review/articleshow/108723955.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/oneplus-12-review/articleshow/108723955.cms" target="_blank">OnePlus 12 review: A feature-packed device with promising battery back-up</a>

You Searched For "Bharti Hexacom IPO" and got 6 results

Bharti Hexacom IPO allotment – How to check allotment, GMP, listing date and more

Sourabh Jain

Bharti Hexacom IPO price band fixed at ₹542-570/sh, issue to open on April 3

Katya Naidu

Bharti Hexacom IPO opens to a tepid response with 34% of the issue subscribed

BI India Bureau

Do large IPOs guarantee large returns? Data suggests that 18 of India's biggest 30 IPOs did not generate solid returns

Ira Alok Puranik

Bharti Hexacom makes a stellar debut, lists at 42.7% premium

BI India Bureau

Sensex, Nifty snap 3-day winning run on selling in IT, banking shares

PTI

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