Bharti Infratel IPO gets 15 percent response on opening day - Indian IPO Blog

Tuesday, December 11, 2012

Bharti Infratel IPO gets 15 percent response on opening day

Bharti Infratel IPO, which opened for subscription today, has received scant response on the opening day. The IPO has received bids for 2,45,34,650 Equity Shares as against Issue Size of 16,05,65,000 Equity Shares, thus taking the coverage of subscription of IPO at 0.15 times

Total Bids Received at Cut-off Price as per data available on NSE website, are for 7,68,500 Equity Shares. The shares under this issue are offered under a Price Band of Rs.210/- to Rs.240/- per equity share. The IPO would remain open for subscription till December 14, 2012

Bharti Infratel Limited is a provider of tower and related infrastructure. Bharti Infratel is one of the world's largest telecom tower infrastructure providers which deploys, owns and manages telecom towers and communication structures for all wireless operators. The business of Bharti Infratel and Indus is to acquire, build, own and operate tower and related infrastructure. In India, Bharti Infratel has over 34,000+ towers, across 18 states, and 11 Telecom circles, and still growing. Bharti Infratel also has a 42% stake in Indus Towers which was created as a Joint Venture between Bharti Infratel, Vodafone and Aditya Birla Telecom to hive off the Towers business in 15 telecom circles

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