IPO
Bharti Hexacom’s Rs.4,275-Cr IPO subscribed 30x
The INR 4,275-crore initial public offering (IPO) of Bharti Hexacom garnered nearly 30 times subscription, generating bids worth INR 70,000 crore. The retail portion of the issue was subscribed 2.81 times, high networth individual portion 10.5 times, and institutional investor portion 49 times.Earlier, Bharti Hexacom had raised around INR 1,924 crore through its anchor book. Global investors such as Capital Group, Fidelity, Blackrock, and ADIA participated ahead of the opening of the IPO.Axis Capital, SBI Capital Markets, BoB Capital Markets, ICICI Securities and IIFL Securities are the book running lead managers to the public issue.
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