Investors are on the edge of their seats as they await the finalization of Bharti Hexacom IPO allotment, scheduled for today, April 8. The allotment status will be available on the registrar’s portal managed by Kfin Technologies Ltd. The IPO, floated by Bharti Airtel’s subsidiary company, garnered substantial interest from both retail and non-institutional investors during its subscription window from April 3 to April 5.
Data from the BSE indicates overwhelming demand for the Bharti Hexacom IPO, with oversubscription reaching 29.88 times by the end of the third day. This surge in demand highlights the keen interest of investors in participating in the offering. Notably, retail investors displayed significant enthusiasm, with a subscription rate of 2.83 times, while Qualified Institutional Buyers (QIBs) and non-institutional investors witnessed subscription rates of 48.57 times and 10.52 times, respectively.
Also read: Bharti Hexacom IPO: GMP and Subscription Status Indicate Investor Interest Ahead of Listing
Following the allotment process, investors will have the opportunity to check the basis of allotment to determine the number of shares allocated to them. For those who are unsuccessful in securing allotment, the refund process will commence on April 10. Conversely, allocated shares will be credited to the demat accounts of successful applicants on the same day.
The anticipation surrounding Bharti Hexacom IPO doesn’t end with the allotment process; investors are eagerly awaiting its listing on April 12. The listing is expected to mark a significant milestone for the company as it makes its debut on the stock market, further enhancing investor interest and market dynamics.
Investors who have eagerly participated in the Bharti Hexacom IPO now have the opportunity to check their allotment status online via the official website of the IPO registrar, Kfin Technologies Ltd. Today, they can expect the finalization of IPO allotments, marking a crucial milestone in the IPO process. By visiting the dedicated portal of Kfin Technologies Ltd, applicants can conveniently access real-time updates on the allotment status of Bharti Hexacom IPO shares. This online facility ensures transparency and ease of access, empowering investors to stay informed about the outcome of their applications without any hassle. Whether anticipating a positive outcome or preparing for alternative strategies in case of non-allotment, investors can rely on this digital platform for timely updates and seamless navigation of the allotment process.
How to check Bharti Hexacom IPO allotment status on BSE
Step 1: Upon accessing one of the provided URLs, you’ll encounter five distinct links where you can view the status.
Step 2: Navigate to the “Select IPO” section and opt for Bharti Hexacom IPO from the drop-down menu after opening any of the five URLs.
Step 3: To ascertain the status, you have three options: PAN, Demat Account, or Application No.
Step 4:
- If you opt for the Application No., input the application number along with the captcha code (if prompted). Then, click “Submit.”
- For the Demat Account option, furnish your account details along with the captcha code and proceed by clicking “Submit.”
- Lastly, if you choose PAN, input the PAN number and the captcha code, then click “Submit.”
How to Check Bharti Hexacom IPO Allotment Status on BSE Step 1: Visit the official BSE website’s allotment page: https://www.bseindia.com/investors/appli_check.aspx
Step 2: Under ‘Issue Type,’ select ‘Equity.’
Step 3: From the drop-down menu labeled ‘Issue Name,’ choose the IPO.
Step 4: Enter your application number or PAN.
How to Check Bharti Hexacom IPO Allotment Status on NSE Step 1: Head to NSE’s official website: https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
Step 2: Register with PAN by clicking ‘Click here to sign up’ on the NSE website.
Step 3: Provide your username, password, and captcha code.
Step 4: Upon accessing the next page, review the status of your IPO allocation.
Additionally, it’s worth noting that the Bharti Hexacom IPO’s Grey Market Premium (GMP) today stands at +82. This suggests that Bharti Hexacom shares are trading at a premium of ₹82 in the grey market. Considering the upper end of the IPO pricing range and the existing premium in the grey market, Bharti Hexacom shares are anticipated to list at ₹652, reflecting a 14.39% increase over the IPO price of ₹570. Grey market trends over the past 17 sessions indicate a positive trajectory in the IPO GMP, hinting at a strong listing. Grey market premium serves as an indicator of investors’ willingness to pay more than the issue price.
Sources: livemint.com
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