Bharti Hexacom gets rating upgrade from Jefferies; stock surges 155% in 5 months
The telecom stock rallied 13% today to hit a fresh record high of ₹1,454; shares are up 155% against its IPO issue price of ₹570 apiece.
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Airtel Q1 profit zooms 158% to ₹4,160 cr; revenue up 3%
Bharti Airtel arm Bharti Hexacom reports 102% jump in profit at ₹511.2 crore for Q1 FY25, revenues up 13.6% to ₹1,911 cr
Bharti Hexacom share zooms 8% on ‘buy’ call by Jefferies
Jefferies initiates its coverage on recently listed stock, with a target price of ₹1,080, nearly 25.4% upside last closing price
Bharti Hexacom shares list at 32% premium over IPO price
Post listing, Bharti Hexacom shares surged as much as 35% to hit a high of ₹769 on the NSE, while it touched a high of ₹768.95 on the BSE.
Bharti Hexacom IPO subscribed 30 times on Day 3; listing on April 12
QIBs lead from the front as the quota subscribed 48 times after 109 cr shares were bid for against 2.25 cr on offer
Bharti Hexacom IPO opens; raises ₹1,923.7 cr via anchor investors
A total of 97 anchor investors take part in the anchor book; they have been allocated 3.37 cr shares at ₹570 apiece
Bharti Hexacom sets price band at ₹542-570 for its ₹4,275 cr IPO; issue to open on Apr 3
The IPO is completely an OFS of 15% stake by the Government of India through Telecommunication Consultants of India.
Bharti Airtel arm Bharti Hexacom gets SEBI approval to raise funds via IPO
The IPO is entirely an offer for sale (OFS) of up to 10 crore equity shares by the only public shareholder Telecommunications Consultants India.
