20 March 2024 – Bharti Hexacom, a subsidiary of Bharti Airtel, has been granted approval by Sebi to proceed with its initial public offering (IPO). With this development, the telecom giant is all set to make its debut in the stock market, presenting investors with a lucrative opportunity.
Bharti Hexacom’s IPO, comprising an offer for sale (OFS) of up to 10 crore shares by Telecommunications Consultants India, signifies a significant move in the telecom sector. The company, which operates in Rajasthan and Northeast India, is gearing up to expand its 5G services in urban and rural areas. With a strong financial performance, including a net profit of ₹549 crore in FY23, Bharti Hexacom is poised for a successful IPO launch.
Backed by lead managers like SBI Capital Markets, Axis Capital, BOB Capital Markets, ICICI Securities, and IIFL Securities, the IPO is expected to attract considerable investor interest. As Bharti Hexacom prepares to enter the stock market, all eyes are on its promising future in the telecommunications industry. Stay tuned for more updates on this exciting development!