Bharat FIH receives Sebi’s approval for ₹5,000 crore public offering

Bharat FIH has received market regulator SEBI’s approval for an Initial Public Offering (IPO) aggregating to ₹5,000 crores.

Bharat FIH is a subsidiary of FIH Mobile a leading manufacturing services provider for the mobile handset industry, which is a part of Foxconn Technology Group.

The company makes devices for Xiaomi and Nokia.

The IPO size comprises a fresh issue worth ₹2,501.9 crore and an offer for sale up to ₹2,501.9 crore by Wonderful Stars.