The public issue of Bharti Hexacom continued to get a solid response on April 5, the final day of bidding, as investors picked up 123.24 crore shares. This amounts to 29.88 times the issue of 4.12 crore shares that were up for grabs.
Qualified institutional buyers (QIBs) took the lead, buying 48.57 times the allotted quota. Non institutional investors or NIIs were second in line subscribing 10.52 times the portion set aside for them, followed by retail investors who picked 2.83 times the allotted quota.
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According to quick calculations, the company has received bids worth about Rs 76,000 crore. Furthermore, Bharti Hexacom has raised around Rs 1,924 crore through its anchor book. Top global investors such as Capital Group, Fidelity, Blackrock, and ADIA participated ahead of the opening of the IPO.
Also read: Bharti Hexacom IPO: Should you subscribe to Bharti Group’s first public offer in over a decade?
The Bharti Airtel subsidiary's IPO opened for subscription on April 3 and will close today, April 5. The arm of the country's second largest telecom operator plans to garner Rs 4,275 crore through its public offer.
Read more: Bharti Hexacom IPO: 10 things to know before you buy into the Rs 4,275-cr issue
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