Invest in latest IPO - 1 click, easy & convenient

Be an early bird and invest in companies, whether a promising start-up or an established business looking to raise fresh capital via Initial Public Offering. Search, evaluate, and invest in upcoming IPOs and get the first-mover advantage.

  • 100% Paperless
    1-click investing
  • Easy investing
    Supported by ASBA
  • First mover advantage
    Listing gain possibility
Ipo Investment
Price Range
₹10 - ₹11
Min. Quantity
1298
Date
18 Apr 24 - 22 Apr 24
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Price Range
₹80 - ₹85
Min.Quantity
1600
Date
15 Apr 24 - 18 Apr 24
Apply Now Learn More
Price Range
₹120
Min.Quantity
1200
Date
15 Apr 24 - 18 Apr 24
Apply Now Learn More
Price Range
₹100
Min.Quantity
1200
Date
08 Apr 24 - 10 Apr 24
Apply Now Learn More
Price Range
₹111
Min.Quantity
1200
Date
08 Apr 24 - 10 Apr 24
Apply Now Learn More
Price Range
₹542 - ₹570
Listing Date
12 Apr 24
IPO Doc
Price Range
₹111 - ₹119
Listing Date
08 Apr 24
IPO Doc
Price Range
₹80 - ₹85
Listing Date
09 Apr 24
IPO Doc
Price Range
₹45
Listing Date
09 Apr 24
IPO Doc
Price Range
₹75 - ₹81
Listing Date
08 Apr 24
IPO Doc
Price Range
₹100 - ₹106
Listing Date
05 Apr 24
IPO Doc
Price Range
₹72 - ₹76
Listing Date
05 Apr 24
IPO Doc
Price Range
₹95 - ₹101
Listing Date
04 Apr 24
IPO Doc
Price Range
₹51 - ₹54
Listing Date
03 Apr 24
IPO Doc
Price Range
₹159 - ₹168
Listing Date
03 Apr 24
IPO Doc
Price Range
₹200 - ₹210
Listing Date
03 Apr 24
IPO Doc
Price Range
₹84 - ₹89
Listing Date
02 Apr 24
IPO Doc
Price Range
₹86
Listing Date
01 Apr 24
IPO Doc
Price Range
₹71 - ₹75
Listing Date
28 Mar 24
IPO Doc
Price Range
₹91 - ₹96
Listing Date
22 Mar 24
IPO Doc
Price Range
₹70
Listing Date
22 Mar 24
IPO Doc
Price Range
₹680 - ₹715
Listing Date
21 Mar 24
IPO Doc
Price Range
₹71 - ₹75
Listing Date
20 Mar 24
IPO Doc
Price Range
₹61 - ₹65
Listing Date
19 Mar 24
IPO Doc
Price Range
₹280 - ₹295
Listing Date
19 Mar 24
IPO Doc
Price Range
₹71 - ₹75
Listing Date
18 Mar 24
IPO Doc
Price Range
₹220 - ₹227
Listing Date
14 Mar 24
IPO Doc
Price Range
₹381 - ₹401
Listing Date
14 Mar 24
IPO Doc
Price Range
₹210 - ₹221
Listing Date
13 Mar 24
IPO Doc
Price Range
₹136 - ₹143
Listing Date
13 Mar 24
IPO Doc
Price Range
₹85
Listing Date
12 Mar 24
IPO Doc
Price Range
₹270 - ₹288
Listing Date
12 Mar 24
IPO Doc
Price Range
₹26 - ₹28
Listing Date
07 Mar 24
IPO Doc
Price Range
₹120
Listing Date
07 Mar 24
IPO Doc
Price Range
₹98 - ₹100
Listing Date
12 Mar 24
IPO Doc
Price Range
₹162 - ₹171
Listing Date
05 Mar 24
IPO Doc
Price Range
₹135 - ₹142
Listing Date
05 Mar 24
IPO Doc
Price Range
₹70 - ₹71
Listing Date
05 Mar 24
IPO Doc
Price Range
₹83 - ₹87
Listing Date
04 Mar 24
IPO Doc
Price Range
₹95
Listing Date
01 Mar 24
IPO Doc
Price Range
₹177 - ₹186
Listing Date
29 Feb 24
IPO Doc
Price Range
₹342 - ₹360
Listing Date
28 Feb 24
IPO Doc
Price Range
₹129
Listing Date
27 Feb 24
IPO Doc
Price Range
₹75 - ₹79
Listing Date
27 Feb 24
IPO Doc
Price Range
₹80 - ₹84
Listing Date
23 Feb 24
IPO Doc
Price Range
₹73 - ₹77
Listing Date
23 Feb 24
IPO Doc
Price Range
₹45
Listing Date
23 Feb 24
IPO Doc
Price Range
₹216 - ₹227
Listing Date
23 Feb 24
IPO Doc
Price Range
₹77
Listing Date
23 Feb 24
IPO Doc
Price Range
₹141 - ₹151
Listing Date
20 Feb 24
IPO Doc
Price Range
₹140 - ₹147
Listing Date
19 Feb 24
IPO Doc
Price Range
₹1195 - ₹1258
Listing Date
16 Feb 24
IPO Doc
Price Range
₹54
Listing Date
16 Feb 24
IPO Doc
Price Range
₹109 - ₹115
Listing Date
15 Feb 24
IPO Doc
Price Range
₹295 - ₹311
Listing Date
14 Feb 24
IPO Doc
Price Range
₹393 - ₹414
Listing Date
14 Feb 24
IPO Doc
Price Range
₹445 - ₹468
Listing Date
14 Feb 24
IPO Doc
Price Range
₹147 - ₹155
Listing Date
12 Feb 24
IPO Doc
Price Range
₹68
Listing Date
12 Feb 24
IPO Doc
Price Range
₹129 - ₹135
Listing Date
06 Feb 24
IPO Doc
Price Range
₹100 - ₹108
Listing Date
05 Feb 24
IPO Doc
Price Range
₹170 - ₹180
Listing Date
06 Feb 24
IPO Doc
Price Range
₹79
Listing Date
02 Feb 24
IPO Doc
Price Range
₹66 - ₹70
Listing Date
02 Feb 24
IPO Doc
Price Range
₹186 - ₹192
Listing Date
02 Feb 24
IPO Doc
Price Range
₹39 - ₹41
Listing Date
31 Jan 24
IPO Doc
Price Range
₹66 - ₹70
Listing Date
30 Jan 24
IPO Doc
Price Range
₹218 - ₹230
Listing Date
30 Jan 24
IPO Doc
Price Range
₹130 - ₹140
Listing Date
30 Jan 24
IPO Doc
Price Range
₹31 - ₹33
Listing Date
23 Jan 24
IPO Doc
Price Range
₹397 - ₹418
Listing Date
23 Jan 24
IPO Doc
Price Range
₹51 - ₹54
Listing Date
18 Jan 24
IPO Doc
Price Range
₹51
Listing Date
16 Jan 24
IPO Doc
Price Range
₹315 - ₹331
Listing Date
16 Jan 24
IPO Doc
Price Range
₹71 - ₹75
Listing Date
08 Jan 24
IPO Doc
Price Range
₹51 - ₹54
Listing Date
05 Jan 24
IPO Doc
Price Range
₹36
Listing Date
03 Jan 24
IPO Doc
Price Range
₹52 - ₹55
Listing Date
03 Jan 24
IPO Doc
Price Range
₹426 - ₹448
Listing Date
29 Dec 23
IPO Doc
Price Range
₹61 - ₹65
Listing Date
29 Dec 23
IPO Doc
Price Range
₹180
Listing Date
01 Jan 24
IPO Doc
Price Range
₹65
Listing Date
29 Dec 23
IPO Doc
Price Range
₹33 - ₹35
Listing Date
29 Dec 23
IPO Doc
Price Range
₹499 - ₹524
Listing Date
28 Dec 23
IPO Doc
Price Range
₹93
Listing Date
27 Dec 23
IPO Doc
Price Range
₹266 - ₹280
Listing Date
27 Dec 23
IPO Doc
Price Range
₹808 - ₹850
Listing Date
27 Dec 23
IPO Doc
Price Range
₹95 - ₹100
Listing Date
27 Dec 23
IPO Doc
Price Range
₹52 - ₹55
Listing Date
26 Dec 23
IPO Doc
Price Range
₹277 - ₹291
Listing Date
26 Dec 23
IPO Doc
Price Range
₹340 - ₹360
Listing Date
26 Dec 23
IPO Doc
Price Range
₹627 - ₹660
Listing Date
21 Dec 23
IPO Doc
Price Range
₹65
Listing Date
21 Dec 23
IPO Doc
Price Range
₹469 - ₹493
Listing Date
20 Dec 23
IPO Doc
Price Range
₹750 - ₹790
Listing Date
20 Dec 23
IPO Doc
Price Range
₹121 - ₹125
Listing Date
19 Dec 23
IPO Doc
Price Range
₹72
Listing Date
18 Dec 23
IPO Doc
Price Range
₹133 - ₹140
Listing Date
15 Dec 23
IPO Doc
Price Range
₹70
Listing Date
11 Dec 23
IPO Doc
Price Range
₹111
Listing Date
13 Dec 23
IPO Doc
Price Range
₹16 - ₹18
Listing Date
08 Dec 23
IPO Doc
Price Range
₹26
Listing Date
08 Dec 23
IPO Doc
Price Range
₹160 - ₹169
Listing Date
30 Nov 23
IPO Doc
Price Range
₹475 - ₹500
Listing Date
30 Nov 23
IPO Doc
Price Range
₹133 - ₹140
Listing Date
30 Nov 23
IPO Doc
Price Range
₹288 - ₹304
Listing Date
01 Dec 23
IPO Doc
Price Range
₹136 - ₹140
Listing Date
30 Nov 23
IPO Doc
Price Range
₹30 - ₹32
Listing Date
29 Nov 23
IPO Doc
Price Range
₹80 - ₹83
Listing Date
16 Nov 23
IPO Doc
Price Range
₹268 - ₹282
Listing Date
15 Nov 23
IPO Doc
Price Range
₹84
Listing Date
20 Nov 23
IPO Doc
Price Range
₹57 - ₹60
Listing Date
10 Nov 23
IPO Doc
Price Range
₹81
Listing Date
10 Nov 23
IPO Doc
Price Range
₹72 - ₹76
Listing Date
15 Nov 23
IPO Doc
Price Range
₹52 - ₹55
Listing Date
08 Nov 23
IPO Doc
Price Range
₹308 - ₹324
Listing Date
07 Nov 23
IPO Doc
Price Range
₹67 - ₹70
Listing Date
06 Nov 23
IPO Doc
Price Range
₹617 - ₹648
Listing Date
06 Nov 23
IPO Doc
Price Range
₹91
Listing Date
03 Nov 23
IPO Doc
Price Range
₹78 - ₹82
Listing Date
07 Nov 23
IPO Doc
Price Range
₹95 - ₹100
Listing Date
03 Nov 23
IPO Doc
Price Range
₹329 - ₹346
Listing Date
01 Nov 23
IPO Doc
Price Range
₹208
Listing Date
01 Nov 23
IPO Doc
Price Range
₹480 - ₹505
Listing Date
26 Oct 23
IPO Doc
Price Range
₹47 - ₹50
Listing Date
31 Oct 23
IPO Doc
Price Range
₹86
Listing Date
27 Oct 23
IPO Doc
Price Range
₹45
Listing Date
25 Oct 23
IPO Doc
Price Range
₹77
Listing Date
18 Oct 23
IPO Doc
Price Range
₹58
Listing Date
12 Oct 23
IPO Doc
Price Range
₹76
Listing Date
12 Oct 23
IPO Doc
Price Range
₹51 - ₹54
Listing Date
12 Oct 23
IPO Doc
Price Range
₹68
Listing Date
10 Oct 23
IPO Doc
Price Range
₹48
Listing Date
13 Oct 23
IPO Doc
Price Range
₹93
Listing Date
10 Oct 23
IPO Doc
Price Range
₹29 - ₹31
Listing Date
11 Oct 23
IPO Doc
Price Range
₹71 - ₹75
Listing Date
09 Oct 23
IPO Doc
Price Range
₹99
Listing Date
11 Oct 23
IPO Doc
Price Range
₹162 - ₹165
Listing Date
06 Oct 23
IPO Doc
Price Range
₹133 - ₹140
Listing Date
06 Oct 23
IPO Doc
Price Range
₹36 - ₹38
Listing Date
11 Oct 23
IPO Doc
Price Range
₹44 - ₹47
Listing Date
05 Oct 23
IPO Doc
Price Range
₹59
Listing Date
05 Oct 23
IPO Doc
Price Range
₹97
Listing Date
03 Oct 23
IPO Doc
Price Range
₹171
Listing Date
04 Oct 23
IPO Doc
Price Range
₹70
Listing Date
09 Oct 23
IPO Doc
Price Range
₹113 - ₹119
Listing Date
03 Oct 23
IPO Doc
Price Range
₹280 - ₹300
Listing Date
04 Oct 23
IPO Doc
Price Range
₹215
Listing Date
03 Oct 23
IPO Doc
Price Range
₹80
Listing Date
04 Oct 23
IPO Doc
Price Range
₹36
Listing Date
28 Sep 23
IPO Doc
Price Range
₹75
Listing Date
28 Sep 23
IPO Doc
Price Range
₹210 - ₹222
Listing Date
27 Sep 23
IPO Doc
Price Range
₹366 - ₹385
Listing Date
27 Sep 23
IPO Doc
Price Range
₹140
Listing Date
29 Sep 23
IPO Doc
Price Range
₹70
Listing Date
26 Sep 23
IPO Doc
Price Range
₹40
Listing Date
25 Sep 23
IPO Doc
Price Range
₹92
Listing Date
28 Sep 23
IPO Doc
Price Range
₹160
Listing Date
27 Sep 23
IPO Doc
Price Range
₹135 - ₹142
Listing Date
28 Sep 23
IPO Doc
Price Range
₹119 - ₹126
Listing Date
22 Sep 23
IPO Doc
Price Range
₹156 - ₹164
Listing Date
22 Sep 23
IPO Doc
Price Range
₹983 - ₹1035
Listing Date
20 Sep 23
IPO Doc
Price Range
₹65
Listing Date
25 Sep 23
IPO Doc
Price Range
₹91
Listing Date
26 Sep 23
IPO Doc
Price Range
₹126 - ₹132
Listing Date
21 Sep 23
IPO Doc
Price Range
₹23
Listing Date
18 Sep 23
IPO Doc
Price Range
₹200 - ₹211
Listing Date
21 Sep 23
IPO Doc
Price Range
₹695 - ₹735
Listing Date
18 Sep 23
IPO Doc
Price Range
₹98
Listing Date
11 Sep 23
IPO Doc
Price Range
₹92 - ₹97
Listing Date
11 Sep 23
IPO Doc
Price Range
₹63
Listing Date
13 Sep 23
IPO Doc
Price Range
₹84
Listing Date
13 Sep 23
IPO Doc
Price Range
₹418 - ₹441
Listing Date
11 Sep 23
IPO Doc
Price Range
₹185
Listing Date
07 Sep 23
IPO Doc
Price Range
₹28
Listing Date
07 Sep 23
IPO Doc
Price Range
₹30
Listing Date
06 Sep 23
IPO Doc
Price Range
₹94 - ₹99
Listing Date
05 Sep 23
IPO Doc
Price Range
₹102 - ₹108
Listing Date
31 Aug 23
IPO Doc
Price Range
₹83
Listing Date
31 Aug 23
IPO Doc
Price Range
₹52
Listing Date
30 Aug 23
IPO Doc
Price Range
₹151 - ₹166
Listing Date
29 Aug 23
IPO Doc
Price Range
₹187 - ₹197
Listing Date
23 Aug 23
IPO Doc
Price Range
₹40 - ₹42
Listing Date
18 Aug 23
IPO Doc
Price Range
₹40
Listing Date
17 Aug 23
IPO Doc
Price Range
₹165
Listing Date
17 Aug 23
IPO Doc
Price Range
₹705 - ₹741
Listing Date
18 Aug 23
IPO Doc
Price Range
₹54 - ₹57
Listing Date
16 Aug 23
IPO Doc
Price Range
₹128
Listing Date
11 Aug 23
IPO Doc
Price Range
₹118
Listing Date
11 Aug 23
IPO Doc
Price Range
₹103
Listing Date
09 Aug 23
IPO Doc
Price Range
₹54 - ₹61
Listing Date
04 Aug 23
IPO Doc
Price Range
₹285 - ₹300
Listing Date
07 Aug 23
IPO Doc
Price Range
₹40
Listing Date
03 Aug 23
IPO Doc
Price Range
₹475 - ₹500
Listing Date
27 Jul 23
IPO Doc
Price Range
₹63 - ₹67
Listing Date
26 Jul 23
IPO Doc
Price Range
₹23 - ₹25
Listing Date
21 Jul 23
IPO Doc
Price Range
₹62 - ₹65
Listing Date
21 Jul 23
IPO Doc
Price Range
₹301 - ₹317
Listing Date
14 Jul 23
IPO Doc
Price Range
₹237
Listing Date
13 Jul 23
IPO Doc
Price Range
₹35 - ₹42
Listing Date
13 Jul 23
IPO Doc
Price Range
₹49
Listing Date
10 Jul 23
IPO Doc
Price Range
₹250 - ₹265
Listing Date
10 Jul 23
IPO Doc
Price Range
₹65 - ₹70
Listing Date
07 Jul 23
IPO Doc
Price Range
₹638 - ₹672
Listing Date
07 Jul 23
IPO Doc
Price Range
₹82 - ₹87
Listing Date
06 Jul 23
IPO Doc
Price Range
₹101 - ₹107
Listing Date
06 Jul 23
IPO Doc
Price Range
₹65
Listing Date
06 Jul 23
IPO Doc
Price Range
₹555 - ₹585
Listing Date
04 Jul 23
IPO Doc
Price Range
₹60
Listing Date
30 Jun 23
IPO Doc
Price Range
₹30
Listing Date
30 Jun 23
IPO Doc
Price Range
₹100
Listing Date
28 Jun 23
IPO Doc
Price Range
₹100
Listing Date
22 Jun 23
IPO Doc
Price Range
₹169 - ₹173
Listing Date
22 Jun 23
IPO Doc
Price Range
₹270 - ₹285
Listing Date
16 Jun 23
IPO Doc
Price Range
₹180
Listing Date
14 Jun 23
IPO Doc

About IPO

IPO is a process by which private companies go public for the first time and their shares are listed (open for buying and selling) in the stock market. IPO helps investors get the first mover advantage and also assists companies to assess their net worth in the primary market.

Benefits of IPO to Investors

  • benefit-icon1-img

    Opportunity to invest in new companies or startups, otherwise not accessible to general public

  • benefit-icon2-img

    Allows buying shares at a discount to the market price (post listing)

  • benefit-icon3-img

    Possibility of significant listing gains, especially in IPOs of high growth companies

  • benefit-icon4-img

    Absolute transparency with all critical information available in the draft red herring prospectus.

Who can invest in IPO?

While any individual can invest in IPO, there are three distinct categories of IPO investors:

  • ipo-invest-icon

    Institutional investors or Qualified institutional investors

    Commercial banks, mutual fund houses, pension funds, foreign portfolio, trusts, etc. QII allotment is capped at 50% by SEBI.

  • ipo-networth-icon

    High networth investors

    Non-Qualified institutional investors with net worth of more than ₹2 lakhs. Allotment for HNIs is capped at 15% of the overall subscription.

  • ipo-retial-icon

    Retail investors

    Investors with net worth of less than ₹2 lakhs. Minimum allotment capped at 35%.

How to apply for IPO @ logo-mstock

  • 1

    Open logo-mstock-img
    Demat Account

  • 2

    Select the IPO you
    want to invest in

  • 3

    Add funds through
    UPI and apply for the
    IPO. It's this easy!

+91
T&C and privacy policy

How to enhance chances of IPO allotment?

  • Apply from multiple Demat accounts (PAN should be different)
  • Bid at cut-off price
  • Apply for multiple lots
  • Apply for shares in the retail quota (value less than ₹2 lakh)
  • Apply early
  • Hold shares of the parent company and apply in the 'shareholder' category
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Earn ₹555 every time you refer friends!

News

  • BSE SME IPO of Greenhitech Ventures subscribed 14.99 times The initial public offer (IPO) of Greenhitech Ventures received bids for 1,88,97,000 shares as against 12,60,000 shares on offer, as per BSE data as of 17:00 hours on Friday, (12 April 2024). The issue was subscribed 14.99 times.

    The issue opened for bidding on Friday, (12 April 2024) and it will close on Tuesday, (16 April 2024). The price of the IPO is fixed at Rs 50 per share. The minimum order quantity is 3000 equity shares. The equity shares will list on BSE?s SME platform.

    The IPO comprises fresh issue of 12,60,000 equity shares. The promoter and promoter group shareholding will dilute to 70.64% from 96.52% Pre-IPO.

    About 66,000 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 11,94,000 equity shares. The issue and the net issue will constitute 26.81% and 25.40% respectively of the post offer paid up equity share capital of the company.

    The company intends to utilize the net proceeds to meet working capital requirement of the company and general corporate purpose.

    Greenhitech Ventures is engaged in trading of various petroleum-based products for the different categories of industries based on their requirement. This includes supply of biofuels, bitumen, light density oils, furnace oils etc. The company is also engaged in operation & maintenance as Job worker for Ethanol manufacturing in Government owned distilleries. The company provide business solutions and services to consumers of Fuels and other alternative materials across India. As on 31 January 2024 the company has 68 employees.

    The company recorded revenue from operations of Rs 3.35 crore and net profit of Rs 0.35 crore for the period as on 31 January 2024.

    Powered by Capital Market - Live News

  • Bharti Hexacom IPO ends with good subscription The initial public offer (IPO) of Bharti Hexacom received 123,23,48,884 bids for shares as against 4,12,50,000 shares on offer. The issue was subscribed 29.88 times.

    The Qualified Institutional Buyers (QIBs) category was subscribed 48.57 times. The Non Institutional Investors (NIIs) category was subscribed 10.52 times. The Retail Individual Investors (RIIs) category was subscribed 2.83 times.

    The issue opened for bidding on Wednesday (3 April 2024) and closed on Friday (5 April 2024). The price band of the IPO was fixed at Rs 542 to 570 per share.

    The offer comprises entirely an offer for sale (OFS) of 7,50,00,000 equity shares. The company will not receive any proceeds from the offer and all the offer proceeds will be received by the selling shareholder Telecommunications Consultants India Limited (TCIL).

    Post issue, parent Bharti Airtel will retain its 70% stake in Bharti Hexacom, while TCIL?s stake will drop to 15%.

    Ahead of the IPO, Bharti Hexacom on Tuesday, 2 April 2024 raised Rs 1,923.75 crore from anchor investors. The board allotted 3.37 crore shares at Rs 570 each to 97 anchor investors.

    Bharti Hexacom runs mobile services in Rajasthan and the Northeast telecommunication circles of India, comprising Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura. The company offers its services under the brand Airtel.

    As of 31 December 2023, the company was present in 486 census towns and had an aggregate of 27.1 million customers across both the circles. The distribution network comprised 616 distributors and 89454 retail touch points. It has invested Rs 206 billion in capital expenditures in its future ready digital infrastructure.

    The firm reported a net profit of Rs 281.80 crore and sales of Rs 5,220.80 crore for the nine months ended on 31 December 2023.

    Powered by Capital Market - Live News

  • Bharti Hexacom IPO subscribed 29.88 times The initial public offer (IPO) of Bharti Hexacom received 1,23,23,48,884 bids for shares as against 4,12,50,000 shares on offer, according to stock exchange data at 17:30 IST on Friday (5 April 2024). The issue was subscribed 29.88 times.

    The issue opened for bidding on Wednesday (3 April 2024) and it will close on Friday (5 April 2024). The price band of the IPO is fixed at Rs 542 to 570 per share. An investor can bid for a minimum of 26 equity shares and in multiples thereof.

    The offer comprises entirely an offer for sale (OFS) of 7,50,00,000 equity shares. The company will not receive any proceeds from the offer and all the offer proceeds will be received by the selling shareholder Telecommunications Consultants India Limited (TCIL).

    Post issue, parent Bharti Airtel will retain its 70% stake in Bharti Hexacom, while TCIL?s stake will drop to 15%.

    Ahead of the IPO, Bharti Hexacom on Tuesday, 2 April 2024 raised Rs 1,923.75 crore from anchor investors. The board allotted 3.37 crore shares at Rs 570 each to 97 anchor investors.

    Bharti Hexacom runs mobile services in Rajasthan and the Northeast telecommunication circles of India, comprising Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura. The company offers its services under the brand Airtel.

    As of 31 December 2023, the company was present in 486 census towns and had an aggregate of 27.1 million customers across both the circles. The distribution network comprised 616 distributors and 89454 retail touch points. It has invested Rs 206 billion in capital expenditures in its future ready digital infrastructure.

    The firm reported a net profit of Rs 281.80 crore and sales of Rs 5,220.80 crore for the nine months ended on 31 December 2023.

    Powered by Capital Market - Live News

  • Bharti Hexacom IPO subscribed 1.12 times The initial public offer (IPO) of Bharti Hexacom received 4,62,41,546 bids for shares as against 4,12,50,000 shares on offer, according to stock exchange data at 17:00 IST on Thursday (4 April 2024). The issue was subscribed 1.12 times.

    The issue opened for bidding on Wednesday (3 April 2024) and it will close on Friday (5 April 2024). The price band of the IPO is fixed at Rs 542 to 570 per share. An investor can bid for a minimum of 26 equity shares and in multiples thereof.

    The offer comprises entirely an offer for sale (OFS) of 7,50,00,000 equity shares. The company will not receive any proceeds from the offer and all the offer proceeds will be received by the selling shareholder Telecommunications Consultants India Limited (TCIL).

    Post issue, parent Bharti Airtel will retain its 70% stake in Bharti Hexacom, while TCIL?s stake will drop to 15%.

    Ahead of the IPO, Bharti Hexacom on Tuesday, 2 April 2024 raised Rs 1,923.75 crore from anchor investors. The board allotted 3.37 crore shares at Rs 570 each to 97 anchor investors.

    Bharti Hexacom runs mobile services in Rajasthan and the Northeast telecommunication circles of India, comprising Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura. The company offers its services under the brand Airtel.

    As of 31 December 2023, the company was present in 486 census towns and had an aggregate of 27.1 million customers across both the circles. The distribution network comprised 616 distributors and 89454 retail touch points. It has invested Rs 206 billion in capital expenditures in its future ready digital infrastructure.

    The firm reported a net profit of Rs 281.80 crore and sales of Rs 5,220.80 crore for the nine months ended on 31 December 2023.

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  • Bharti Hexacom IPO subscribed 34% The initial public offer (IPO) of Bharti Hexacom received 1,41,08,328 bids for shares as against 4,12,50,000 shares on offer, according to stock exchange data at 17:00 IST on Wednesday (3 April 2024). The issue was subscribed 0.34 times.

    The issue opened for bidding on Wednesday (3 April 2024) and it will close on Friday (5 April 2024). The price band of the IPO is fixed at Rs 542 to 570 per share. An investor can bid for a minimum of 26 equity shares and in multiples thereof.

    The offer comprises entirely an offer for sale (OFS) of 7,50,00,000 equity shares. The company will not receive any proceeds from the offer and all the offer proceeds will be received by the selling shareholder Telecommunications Consultants India Limited (TCIL).

    Post issue, parent Bharti Airtel will retain its 70% stake in Bharti Hexacom, while TCIL?s stake will drop to 15%.

    Ahead of the IPO, Bharti Hexacom on Tuesday, 2 April 2024 raised Rs 1,923.75 crore from anchor investors. The board allotted 3.37 crore shares at Rs 570 each to 97 anchor investors.

    Bharti Hexacom runs mobile services in Rajasthan and the Northeast telecommunication circles of India, comprising Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura. The company offers its services under the brand Airtel.

    As of 31 December 2023, the company was present in 486 census towns and had an aggregate of 27.1 million customers across both the circles. The distribution network comprised 616 distributors and 89454 retail touch points. It has invested Rs 206 billion in capital expenditures in its future ready digital infrastructure.

    The firm reported a net profit of Rs 281.80 crore and sales of Rs 5,220.80 crore for the nine months ended on 31 December 2023.

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