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    Quick facts on the Bharti Infratel IPO

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    Quick facts on the Bharti Infratel IPO
    Bharti Airtel: Quotes, News
    BSE 333.75BSE Quote2.9 (-0.87%)
    NSE 334.00NSE Quote2.75 (-0.82%)
    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.
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