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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>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.

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

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