Bharti Hexacom IPO to open on April 3

Telecom operator Bharti Airtel’s subsidiary Bharti Hexacom’s initial share sale will open for public subscription on April 3.

The three-day initial public offering (IPO) will conclude on April 5, and the anchor book of the offer will open for a day on April 2, according to the Red Herring Prospectus (RHP) filed on Friday.

This will be the first IPO in the financial year 2024-25.

The maiden public issue is purely an offer-for-sale of up to 7.5 crore shares (representing a 15 per cent stake) by existing shareholder — Telecommunications Consultants India Ltd.