Hexaware gets Sebi nod for Rs 9,950 crore IPO

The Hexaware connection besides includes a preservation for subscription by eligible employees. This volition besides marque it the largest nationalist listing successful India this twelvemonth aft Ola Electric. The OFS consists of the merchantability of equity by CA Magnum Holdings, the promoter of the US backstage elephantine Carlyl-promoted company.

Hexaware, primitively promoted by Atul Nishar, is engaged successful AI-driven solutions and serves industries specified arsenic fiscal services, healthcare and manufacturing. The IPO is aimed astatine boosting shareholder worth and supply liquidity to promoters, thereby strengthening the company’s marketplace footprint.

Hexaware Technologies shares were delisted from the bourses successful November 2020 aft the company’s past promoters had accepted the discovered delisting terms of Rs 475 per share. Nearly a twelvemonth aft the delisting, the Carlyle Group, a US-based Private Equity Firm, bought Baring Private Equity Asia’s 62 per cent involvement successful the institution for astir $3 cardinal successful October 2021.

As galore arsenic 34 companies person already secured the SEBI support for IPOs, aiming to mobilise a full of implicit Rs 41,000 crore. Moreover, 55 firms await regulatory clearance, readying to rise astir Rs 1 lakh crore.

A institution gets a one-year model from the day of SEBI support to motorboat the IPO.