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Quick facts on the Bharti Infratel IPO

Quick facts on the Bharti Infratel IPO
Bharti Airtel: Quotes, News
BSE 353.30BSE Quote15.6 (4.42%)
NSE 356.40NSE Quote18.8 (5.27%)
Bharti Infratel Ltd, the telecommunications tower unit of India's largest telecom company Bharti Airtel announced details of its proposed IPO.

Quick snap shot

  • The company has set a price band of Rs 210-240 per share, which means Bharti Infratel will raise about Rs.4,530 crore at the upper end, while at the lower end it will raise Rs 3,970 crore.
  • The issue will be open from December 11- December 14
  • The company is offering 10% retail discount per share
  • This IPO will be the biggest in two years after Coal India which raised about Rs15,000 crore in October 2010
  • Bank of America Merrill Lynch, J.P. Morgan, Standard Chartered, Deutsche Bank, HSBC, UBS, and India's Kotak Mahindra and Enam are advising Bharti Infratel on the IPO.
  • Bharti Infratel is controlled by Sunil Mittal
  • The shares of the Bharti Airtel dropped by 1.21% at Rs 326 on BSE at 10.35 am IST.

Read more about: bharti airtel ipo
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