April 12, 2024 / 12:16 PM IST
Sensex Today | Prashanth Tapse, Senior Vice President (Research), Mehta Equities
Despite 100% OFS, Bharti Hexacom beat street expectations. The healthy listing was justified by the strong response received on the last day of the issue bid. Investors in QIB (48.57x) and NII (10.51x) became more active in acquiring the growth story of mid-cap telecoms, but interest was subsequently muted among retail investors who bid only 2.81x. Ta. Assigned assignments. Overall, we were oversubscribed by a factor of 29.87.
Long-term investors have a great opportunity to own a mid-sized telecom solutions provider and play a role in the long-term growth story of India’s telecom structure ARPU. Additionally, Bharti Hexacom’s anchor book showcases the participation of the world’s top investors such as Capital Group, Fidelity, BlackRock, and ADIA ahead of the launch of his IPO, and all other investors gives more security for blocking funds for long periods of time.
At a CMP valuation of Rs 821, it is on par with its listed peers and trades at a premium to its parent. Therefore, considering all parameters, we recommend investors who have been allocated to ‘hold’ Bharti Hexacom Ltd only from a long-term perspective, while investors who wish to add on the listing date should You can wait for the performance and accumulate at the push.
