Bharti Hexacom IPO is expected to list on April 12 on the exchanges. The company’s IPO will be finalised on April 08. The status of the allotment can be checked on the website of Kfin Technologies as it is working as the registrar to the issue of Bharti Hexacom.
Here’s how you can check allotment:
Step 1
Go to your browser and search for Kfin Technologies
Step 2
Open the website of Kfin Technologies and hover on the ‘Products’. Now, in the drop-down menu go to the investors section and click on the IPO allotment status or click on Kfin Technologies.
Step 3
Fill in all your details – the company’s name and Application number/ Demat account/ or PAN number (any of the three).
Step 4
Enter the captcha and hit the search button.
On April 10, the refund initiation is expected, which will be delivered to the bank account of investors who applied.
The company collected Rs 4,275 crore by offering 75 million shares, offer for sale. The company opened retail bidding on April 03 and closed on April 05. The company set the IPO price band at Rs 542 to Rs 570 per equity share.
The company was seeing over a 14% premium to its issue price in the grey market. The grey market is an unofficial market where shares are traded illegally.
A retail subscriber had to bid for a minimum of 26 shares amounting to Rs 14,820. SBI Capital Markets, Axis Capital, Bob Capital Markets, ICICI Securities, and Iifl Securities were the book-running lead managers of the IPO.
