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
Jefferies initiates its coverage on recently listed stock, with a target price of ₹1,080, nearly 25.4% upside last closing 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.
QIBs lead from the front as the quota subscribed 48 times after 109 cr shares were bid for against 2.25 cr on offer
A total of 97 anchor investors take part in the anchor book; they have been allocated 3.37 cr shares at ₹570 apiece
The IPO is completely an OFS of 15% stake by the Government of India through Telecommunication Consultants of India.
The IPO is entirely an offer for sale (OFS) of up to 10 crore equity shares by the only public shareholder Telecommunications Consultants India.