Bharti Hexacom IPO allotment expected on April 8: Steps to check status, listing date and other key details
Upstox
3 min read • Updated: April 6, 2024, 4:14 PM
Summary
The investors, who applied for shares during Bharti Hexacom IPO subscription from April 3 to April 5, can check share allotment status on the website of the official registrar, Kfin Technologies Ltd. Bharti Hexacom shares are expected to list on BSE and NSE on April 12.
Bharti Hexacom IPO share allotment status is expected to be finalised on Monday, April 8, after the public issue closed with a strong subscription on the final day of bidding on Friday, April 5.
The first mainboard initial public offer of FY25 was booked nearly 30 times during the subscription period. The Bharti Hexacom IPO subscription window was open from April 3 to April 5.
Bharti Hexacom, a wholly-owned subsidiary of Bharti Airtel, is likely to finalise the basis of the allotment of IPO shares on Monday. Subsequently, the non-allottees will get refunds on April 10 and the company will also transfer the shares to the demat accounts of the successful applicants the same day.
The investors, who participated in the bidding process, can visit either the registrar portal or the BSE and NSE websites to check the IPO share allotment status.
Steps to check Bharti Hexacom IPO share allotment status on registrar Kfin Technologies Ltd's website:
- Visit official website of Kfin Technologies - https://www.kfintech.com/
- On the top of the menu, select 'Products' section
- Choose 'IPO Allotment Status'
- Click on any of the 'links' to view IPO allotment status
- On the new page, select Bharti Hexacom from the dropdown menu
- Enter either Application Number or Demat Account Number or PAN
- Enter Captcha and hit the ‘Submit' button
Steps to check the IPO allotment status on BSE:
- Visit BSE website - https://www.bseindia.com/
- Locate 'Investors' section on the home page
- Visit 'Investor Services'
- Click on the 'Status of Issue Application'; a new window opens
- Select 'Issue Type' and select IPO name from the drop-down list
- Enter 'Application number' or PAN to know allotment status
- Click on the 'Search' button.
Similarly, the applicants can check the Bharti Hexacom IPO share allotment status on NSE using their PAN, application number and bank account details.
It’s important to note that the IPO share allotment status will only be visible on the websites after the company finalises the share allocation.
Bharti Hexacom shares are expected to list on BSE and NSE on April 12.
Bharti Hexacom IPO subscription status and other details
The ₹4,275-crore book-build issue of Bharti Hexacom received applications for more than 123.24 crore shares against 4.12 crore equity shares available, resulting in about 30 times oversubscription. Qualified institutional buyers’ (QIBs) portion was booked 49 times, the non-institutional buyers (NIIs) booked their portion over 10 times while retail investors’ segment saw 2.83 times bidding.
The price band for the Bharti Hexacom IPO was set at ₹542 to ₹570 per share, with a minimum lot size for an application being 26 shares.
Of the 7.5 crore shares under the IPO, Bharti Hexacom offered 30 to qualified institutional investors, 15% to non-institutional investors, and 10% to retail investors. Anchor investors' portion was 45%.
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