‘Airtel’ brand owner Bharti Hexacom Limited’s initial public offering (IPO) saw a close on Friday of last week for subscriptions. Retail investors’ lackluster response to the Bharti Hexacom IPO subscription status indicates a three-day bidding period from April 3–5, 2024. On the last day of the Bharti Hexacom IPO subscription, QIB investors responded favorably, and the mainboard IPO went ahead as planned. Regarding the Bharti Hexacom IPO, the gray market has managed to hold constant in the interim.
Observers of the stock market claim that shares of Bharti Hexacom Limited are currently trading on the gray market for ₹62 premium.
Today’s Bharti Hexacom IPO GMP
Market watchers report that the grey market premium (GMP) for Bharti Hexacom’s IPO is ₹62 today, remaining the same as Friday. According to them, the Bharti Hexacom IPO GMP increased by ₹3 per share on the gray market on Friday, rising from ₹59 to ₹62. Observers continued by saying that despite significant volatility in the Indian secondary market, the grey market has managed to maintain stability with reference to the Bharti Hexacom IPO. They added that because the public offering garnered a big response, the lackluster response from retail investors also failed to dampen emotions in the grey market. Status of Bharti Hexacom’s IPO subscription.
During the public issue worth ₹4,275 crore, which was put up for bid across three days from Wednesday to Friday last week, about thirty subscriptions were made. There were 2.83 bookings for the retail section of the book build problem, 10.52 subscriptions for the NII component, and 48.57 subscriptions for the QIB sector.
