Bharti Infratel lists at a discount to IPO price

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts
    Bharti Infratel lists at a discount to IPO price
    Shares of Bharti Infratel, an associate company of Bharti Airtel, India's largest telecom company got listed on the bourses today. The stock was last trading at Rs 196 on the BSE, against the IPO price of Rs 210 for retail investors and Rs 220 for high networth individuals.

    The two IPOs of CARE and P C Jeweller both listed with gains and have given decent returns to investors.

    The sale had offered 88.9 million shares, and raised Rs 4,118.01 crore, including about Rs 1,388 crore from retail investors and Rs 2,078 crore from other investors such as QIBs and HNIs.

    Bharti Infratel was one of the largest IPOs in the largest two years, after the IPO of Coal India two years ago.

    State owned Coal India had raised about 15,000 crores in October 2010. The IPO of Bhrati Infratel was subscribed 1.3 times.

    Meanwhile, the shares of Bhrati Airtel were trading marginally lower by 1.21%.

    GoodReturns.in

    Read more about: bharti infratel
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more