Bharti Hexacom Makes Strong Market Debut with 32% Premium over IPO Price

Bharti Hexacom, a telecommunications company, had an impressive stock market debut, listing at a 32.4% premium over its IPO price of Rs 570 per share. The IPO, worth Rs 4,275 crore, witnessed strong demand, oversubscribed nearly 30 times its quota. Global investors like Capital Group and Blackrock participated in the anchor book, helping raise around Rs 1,924 crore. Despite a 67.2% decline in net profit for FY23, the company's strong debut reflects investor confidence in its future prospects.

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