After a long break, the IPO market in India is finally picking up pace. After CARE’s IPO last week, it is now the turn of Bharti Infratel’s IPO to hit the market today 11 Dec, 2012.
Bharti Infratel, a subsidiary of telecom major Bharti Airtel, is the company’s leading telecom infrastructure player. It is planning to raise about Rs. 4,500 cr. from the issue. The IPO if successful will be the biggest after state-run Coal India’s IPO in 2010.
High competition and regulatory issues have troubled the Telecom sector as a whole, over the past 2 years. With this in mind, what is in store for Bharti Infratel’s future? What is its right price? And should you subscribe to the IPO? Let’s find out..Read more