Bharat FIH, a Foxconn Technology Group company, has received approval from capital market regulator SEBI to launch Rs 5,000 crore initial public offering (IPO). The public issue comprises fresh issue of shares worth Rs 2,502 crore and an offer-for-sale of up to Rs 2,502 crore by promoter group and Foxconn unit Wonderful Stars. The company had filed draft red herring prospectus with capital market regulator in December 2021. Bharat FIH makes devices for Nokia and Xiaomi. The book running lead managers to the issue are Kotak Mahindra Capital Company, Citigroup Global Markets India, BNP Paribas, and HSBC Securities and Capital Markets (India). While the registrar to the issue is KFin Technologies.
