Does Bharti Hexacom IPO offer investment opportunities for a Investor?
Bharti Hexacom, a subsidiary of Bharti Airtel, is gearing up for its highly anticipated initial public offering (IPO) scheduled to launch on April 3. This move has generated significant interest from top global investors, including renowned names such as Capital Group, Fidelity, Blackrock, and ADIA. The IPO, valued at Rs 4,275 crore, is expected to attract a wide range of institutional investors and is set to close on April 5.
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The company has received strong interest from approximately 70-80 institutional investors, encompassing long-only funds and foreign institutional investors such as Wellington Management and Aberdeen. Additionally, top mutual fund houses and major domestic insurance companies have also expressed interest in participating in the offering.
Bharti Hexacom operates in the telecommunications sector, providing mobile, fixed-line, and broadband services under the popular ‘Airtel’ brand in regions like Rajasthan and the North East. As part of the IPO, Telecommunications Consultants India will dilute its shareholding by 15 percent. The price band for the IPO has been set at Rs 542-570 per share, aiming to attract a diverse range of investors.
The IPO is being managed by leading merchant bankers, including SBI Capital Markets, Axis Capital, BOB Capital Markets, ICICI Securities, and IIFL Securities. This IPO marks a significant milestone for the Bharti Group as it is the first public offering from the conglomerate since 2012.
The strong interest and participation from both domestic and international investors reflect the confidence in Bharti Hexacom’s business model and growth prospects. The company’s established presence in the telecommunications sector, coupled with the backing of a well-known parent company like Bharti Airtel, has positioned it as an attractive investment opportunity in the market.
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Overall, the upcoming IPO of Bharti Hexacom is expected to be highly subscribed, driven by the strong demand from institutional investors and the positive outlook for the company’s future growth and expansion plans. Investors are eagerly awaiting the opportunity to be part of this milestone event in the telecommunications sector.
