Hexaware Technologies IPO Day 1 subscription status lot size price band listing allotment date retail QIB investors BSE NSEThe initial public offering (IPO) of Hexaware Technologies Ltd, a delisted IT and AI services provider, witnessed a slow start on

The archetypal nationalist offering (IPO) of Hexaware Technologies Ltd, a delisted IT and AI services provider, witnessed a dilatory commencement connected its opening day, garnering conscionable 1 per cent subscription arsenic of 11 am, according to BSE data.  

Investors placed bids for 7,68,495 shares against the 9,14,23,354 shares connected offer. The retail capitalist information was subscribed astatine 1 per cent with 6,58,665 shares, portion the non-institutional investors (NIIs) and qualified organization buyers (QIBs) had yet to marque bids. The worker class saw 4 per cent subscription, receiving bids for 61,278 shares.  

The IPO, which closes connected February 14, has a terms set of 675-708 per share, targeting to rise 8,750 crore for the company’s re-listing connected the NSE and BSE.  
Hexaware IPO details: valuation, allocation, and batch size  

At the precocious terms band, Hexaware Technologies is valued astatine implicit 43,000 crore. The IPO is wholly an offer-for-sale (OFS) by its promoter, CA Magnum Holdings, a Carlyle Group entity, which holds a 95.03 per cent involvement successful the firm. Since this is simply a axenic OFS, each proceeds volition spell to the selling shareholder alternatively than the company.  

For retail investors, the minimum bid is 21 shares (14,868), with multiples thereof up to 273 shares (1,93,284). Small HNIs tin bid for astatine slightest 294 shares (2,08,152) and a maximum of 1,407 shares (9,96,156), portion large HNIs indispensable bid astatine slightest 1,428 shares (10,11,024).  

Hexaware Technologies IPO: Allotment, listing and different important dates

The allotment process for Hexaware Technologies IPO is scheduled for Monday, February 17, followed by refunds and demat credits connected Tuesday, February 18. The company's shares are acceptable to debut connected the BSE and NSE exchanges connected Wednesday, February 19.

About Hexaware Technologies 
 
Hexaware Technologies is simply a planetary integer and exertion services supplier catering to 31 Fortune 500 companies crossed the Americas, Europe, and Asia-Pacific. The steadfast operates successful six cardinal sectors—financial services, healthcare & insurance, manufacturing & consumer, hi-tech & nonrecreational services, banking, and question & transportation. It specialises successful information & AI, unreality services, and automation-driven solutions.  

Delisting and ownership history  

Hexaware was antecedently owned by Baring Private Equity Asia and delisted successful 2020. In October 2021, Carlyle Group acquired a controlling involvement successful the company.