The initial public offer (IPO) of Hexaware Technologies will open for subscription beginning from February 12 and close on February 14, 2025. The Rs 8,750 crore initial public offer set the price band of Rs 675-Rs 708 per share. The IPO is totally an offer for sale (OFS) of Rs 12.36 crore shares. It worth mentioning here that promoter Carlyle will reportedly offload its stake.
The stake of Carlyle will come down to 74.1% from existing 95%. Interestingly, US private equity company Carlyle had invested $3 billion in Hexaware Technologies way back in November 2021.
It is important to note that Hexaware Technologies’s initial public offer would be largest in India’s IT sector since TCS’s more than Rs 4,700 crore IPO. The previous promoter of Hexaware Technologies, Baring Private Equity Asia had delisted it in 2020. Nearly one-year post delisting, Carlyle Group acquired Baring Private Equity’s stake in the firm in 2021.
Hexaware Technologies IPO GMP
Ahead of the IPO of Hexaware, the GMP remains subdued at 0.71% indicating a flat listing. The latest GMP or Grey Market Premium of Hexaware Technologies stood at Rs 5, as per latest updates available at 2:00 pm on February 10, 2025. The likely listing of Hexaware Technologies’ IPO is Rs 713, if the price band of Rs 708 is taken into consideration. The likely percentage gain or loss per share is reportedly 0.71%, according to investorgain.com.
Meanwhile, investors can apply for a minimum of 21 equity shares and its multiple thereafter. Minimum investment amount necessary by retail investors would be Rs 14,868. On the other hand, the minimum lot size investment for sNII or small non-institutional investor will be 14 lots or 294 shares worth Rs 2,08,152. For bNII or big non-institutional investors, it will be 68 lots or 1428 shares worth Rs 10,11,024.
Hexaware Technologies IPO Allotment
As per reports available, allotment of Hexaware Technologies IPO will be completed by February 17, 2025. The IPO is scheduled to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) with the precise listing date set as February 19, 2025. The initiation of refunds will begin on February 18, 2025 and credit of shares to Demat will take place on February 18. The listing date is February 19, 2025.
Hexaware Technologies IPO Book Running Lead Managers
Book running lead managers of the IPO include Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Company Limited, HSBC Securities & Capital Markets Pvt Ltd, JP Morgan India Private Limited, and IIFL Securities. Meanwhile, the registrar of the issue is Kfin Technologies.
The company won’t get any proceeds from the issue instead the funds generated would be directed to the selling shareholders.
About Hexaware Technologies
It is a leading IT firm that offers consulting, BPO, technology products and services. It is headquartered in Navi Mumbai, Maharashtra.
Disclaimer: The above content has been made for educational purposes only, and should be considered as investment advice from Moneydaily.in or the respective Author. Neither Moneydaily.in nor the Author will not be responsible for any losses as a result of decisions based on the above information. Moneydaily.in advises readers to do your own research or consult with a SEBI registered investment advisor before making any investment decisions.
Recommended: Hexaware Technologies IPO Set To Open On Feb 12: Check Price Band, Latest GMP
Leave a Reply