Hexaware Technologies IPO to open on Feb 10: Check out price band, lot size, key dates

Hexaware Technologies is gearing up for the motorboat of the biggest IPO successful India's IT assemblage since Tata Consultancy Services listing, acceptable to unfastened for bidding connected February 12, with shares priced betwixt Rs 675 and Rs 708 apiece. Investors tin use for a minimum of 21 shares and successful multiples thereafter. The contented volition stay unfastened till February 14, portion anchor investors tin spot bids a time earlier connected February 11.

At the precocious extremity of the terms band, the institution is valued astatine implicit Rs 43,000 crore. The nationalist offering 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 

For the Retail capitalist class minimum shares Rs 14,868 (21 shares) and Rs 1,93,284 (273 shares) has been fixed. While tiny HNIs (S-HNIs) tin bid for for astatine slightest 294 shares (Rs 2,08,152), with a maximum headdress of 1,407 shares (Rs 9,96,156). Big HNIs (B-HNIs) request a minimum of 1,428 shares (Rs 10,11,024).  

Hexaware Technologies IPO: Allotment and listing schedule 

The ground of allotment is acceptable for Monday, February 17, followed by refunds and demat credits connected Tuesday, February 18. Shares volition beryllium listed connected BSE and NSE connected Wednesday, February 19. Investors indispensable corroborate their UPI mandate by 5 PM connected February 14.  

Hexaware Technologies overview 

Hexaware 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 5 segments—Design & Build, Secure & Run, Data & AI, Optimise, and Cloud Services—leveraging AI-enabled platforms similar Rapid (digital transformation), Tensai (AI automation), and Amaze (cloud adoption).  

Previously owned by Baring Private Equity Asia, Hexaware was delisted successful 2020, and Carlyle Group took implicit its involvement successful October 2021. For the 9 months ending September 2024, the institution reported a nett net of Rs 853.3 crore connected gross of Rs 8,820 crore.