Bharti Hexacom IPO: Price band fixed between Rs 542 and Rs 570

CHENNAI: Telecom major Bharti Airtel Limited’s subsidiary Bharti Hexacom Limited’s initial public offering (IPO) opens on Wednesday. The bidding opened for anchor investors on Tuesday, while the IPO opens on Wednesday and closes on Friday (April 5).

The price band is fixed between Rs 542 and Rs 570 per equity share with a face value of Rs 5 each. There is an offer for sale component of up to 7.5 crore equity aggregating up to Rs 4,275 crores. Bids can be made for a minimum of 26 equity shares and in multiples of that.