Bharti receives good response to IPO
New Delhi: Bharti telecoms initial public offering received applications for 70 per cent of its 18.53 crore shares put on the block.

Bharti received requests for 136 million shares, representing 73.39 per cent of the total issue, and this amounts to over Rs 600 crore already booked. The bid quotes varied from Rs 45 to Rs 50 per share.

The Bharti group had announced a floor price of Rs 45 a share with a face value of Rs 10 for its IPO offering 18.53 crore equity shares to retail, non-institutional and qualified institutional buyers.
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