New Delhi, Nov 30: Bharti Infratel Ltd, the telecommunications tower unit of Bharti Airtel, has set a price band of Rs 210 rupees to Rs 240 a share for its initial public offering, which would be the country's biggest initial public offer (IPO) in two years. Bharti Infratel is owned by billionaire Sunil Mittal.
At this price band, the company would be able to raise between Rs. 3,970 - 4,530 crore, which would take the company's market capitalization to Rs. 39,660 crore to Rs. 45,330 crore. The bid lot size for the IPO has been set at 50.
The issue will be launched on December 11 for retail investors and close on December 14. The book for anchor investors will be launched on December 10.