Now Bharti Airtel will make you huge income, this IPO is going to open

Business News Desk, Another company of Bharti Airtel Group, which owns the country’s second largest telecom company Airtel, is entering the stock market today. The IPO of Bharti Hexacom, a subsidiary of Airtel, is going to open today. This company can help you earn big money, do you know all the information about it? Let us tell you… Even before the opening of the IPO, Bharti Hexacom has raised Rs 1,924 crore from anchor investors. This IPO is worth a total of Rs 4,275 crore, which will open on April 3 and close on April 5.

The company is issuing 7.5 crore shares
Bharti Hexacom is selling 7.5 crore shares in this IPO. In this, the face value of each share will be Rs 5. Telecom Consultants India Limited is selling its stake in Bharti Hexacom and putting all these shares for sale in a single offer. Bharti Airtel holds 70 percent stake in Bharti Hexacom and Telecom Consultants India holds 30 percent stake. The company provides mobile services, fixed line telephone services and broadband services in Rajasthan and North-Eastern regions under the brand name ‘Airtel’.

One lot size is 26 shares
The size of one lot in Bharti Hexacom’s IPO is 26 shares. For this, the company has fixed the price band at Rs 542 to Rs 570 per share. Shares of this company will be listed on BSE and NSE. Share allotment can be completed by April 8, while trading can start from April 12, 2024.

Bharti Airtel will earn well
Listing of shares of ‘Bharti Hexacom’, a subsidiary of Bharti Airtel Group, can bring you huge earnings. The reason for this is that the ‘grey market premium’ rate of this stock market looks quite tremendous. It is expected to get a premium of up to Rs 50 per share, which means it can be listed at a price of Rs 620 on the day of listing.