Hexaware Technologies IPO: Delisted company's issue to open on Feb 12

Hexaware Technologies IPO: The archetypal nationalist offering of delisted IT work supplier Hexaware Technologies Ltd, a technology, and artificial quality (AI) services provider, is acceptable to unfastened for bidding process connected February 12 and volition reason connected February 14. The institution has fixed the terms set betwixt Rs 675 and Rs 708 aiming to rise Rs 8,750.00 crore to get re-listed connected the exchanges, NSE and BSE. Here are the details of the IPO, including batch size, cardinal dates, allocation, and others.

At the precocious terms band, the institution is valued astatine implicit Rs 43,000 crore. The nationalist contented is wholly an offer-for-sale (OFS) worthy Rs 8,750 crore by its promoter, CA Magnum Holdings, a portion of the Carlyle Group, which presently owns 95.03 per cent of the IT firm. Since it is simply a axenic OFS, the full proceeds volition spell to the selling shareholder alternatively than the company.  

Hexaware Technologies IPO: Allocation, batch size 

In presumption of allocation, the retail capitalist tin use for minimum of 21 (Rs 14,868) and aggregate thereafter up to 273 shares (Rs 1,93,284), portion tiny HNIs tin bid minimum of 294 shares (Rs 2,08,152) and a maximum of 1,407 shares (Rs 9,96,156). For the Big HNIs, minimum of 1,428 shares (Rs 10,11,024) person been reserved for the category.

Hexaware Technologies IPO: Allotment, listing, different important dates

The allotment process day for the IPO is fixed connected Monday, February 17, followed by refunds and demat credits connected Tuesday, February 18. Shares volition beryllium debut connected BSE and NSE exchanges connected Wednesday, February 19.

What does Hexaware Technologies do?

Hexaware Technologies is simply a planetary integer and exertion services institution with AI-driven solutions, catering to 31 Fortune 500 companies crossed the Americas, Europe, and Asia-Pacific. It operates successful six cardinal sectors: fiscal services, healthcare & insurance, manufacturing & consumer, hi-tech & nonrecreational services, banking, and question & transportation. The institution offers services crossed respective segments, including information & AI, and unreality services.

IT services supplier delisted successful 2020

Previously HTL was owned by Baring Private Equity Asia, and delisted successful 2020. After that Carlyle Group took implicit its involvement successful October 2021.