Bharti Infratel IPO opens for subscription on Dec 11
Bharti Infratel's initial public offering of over 18.89 crore equity shares of face value of Rs 10 each opens for subscription on December 11.
December 07, 2012 / 13:11 IST
Bharti Infratel's initial public offering of over 18.89 crore equity shares of face value of Rs 10 each opens for subscription on December 11.
The issue will constitute 10 per cent of the post-issue paid up equity share capital of the company, its Chairman Rakesh Bharti Mittal told reporters today.The price band has been fixed between Rs 210 and Rs 240 per share, he said.The company's Chief Financial Officer Pankaj Miglani was also present at event.Also read: Grey market for IPOs revives as equity outlook brightensThe issue will close on December 14 for non-institutional bidders and retail individual investors and on December 13 for QIB bidders.The issue comprises a fresh issue of over 14.62 crore equity shares of the company and an offer of sale of over 4.26 crore equity shares by certain shareholders.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
