The Bharti Hexacom IPO has been highly anticipated due to the company’s association with the well-known Airtel brand and its involvement in the telecommunications industry. The IPO received strong interest from investors, reflected in its oversubscription rate of around 30 times the initial offer.
Based on expert predictions, Bharti Hexacom’s IPO is expected to list at a premium of approximately 15% against the issue price, suggesting a listing price range of ₹650 to ₹660 per share. This is higher than the issue price range of ₹542 to ₹570 per share, indicating strong market interest and confidence in the company’s prospects.
Investors will be keen to observe how the stock performs upon listing and throughout the trading session. The company’s financials and market potential, particularly in the northeast regions where it provides communication solutions, will likely play a key role in its performance.
Bharti Hexacom IPO is poised for a strong stock market debut, according to Prashanth Tapse, Senior VP of Research at Mehta Equities. Tapse highlights the robust interest on the final day of the offering, particularly from QIB (48.57x) and NII (10.51x) investors, which led to an overall subscription rate of 29.87x. This demand sets the stage for a solid listing, especially given the current market uptrend.
Bharti Hexacom IPO grey market premium (GMP) today is ₹93, suggesting a potential listing price of around ₹663 per share. This is roughly 16% above the upper end of the IPO price band, pointing to an optimistic market sentiment for Bharti Hexacom’s trading debut.
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