Analysis and Insights into the world of IPOs and investing in India

Sunday, December 2, 2012

Bharti Infratel IPO - Retail Investors to get discount

Retail Individual Investors would be entitled to a discount in the upcoming Initial Public Offer of Bharti Infratel from the Bharti Group. The price band for the IPO is fixed at Rs.210/- to Rs.240/- per equity share. The IPO would run between December 11, 2012 and December 14, 2012

Bharti Infratel Ltd. is expected raise as much as Rs.4,530 crore through the divestment of a 10% stake. According to Bloomberg, the largest IPO prior to this was of state-run Coal India Ltd, which raised some $3.5 billion in October 2010. Bharti Infratel is a provider of tower and related infrastructure. Bharti Infratel and Indus currently provide access to their towers primarily to wireless telecommunications service providers. Bharti Infratel's and Indus's three largest customers are Bharti Airtel (together with Bharti Hexacom), Vodafone India and Idea Cellular

The discount would be 5% on the final issue price subject to Rs.10 per equity share. In India, Bharti Infratel has over 34,000+ towers, across 18 states, and 11 Telecom circles
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1 comments:

  1. Even after discount to retails investors, price band looks high for this IPO.
    Market is artificially make new highs so that these IPO can sail through. After these IPOs market is going to tank for sure.

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