The initial public offer (IPO) of Hexaware Technologies is expected to open for subscription from February 12 to February 14, 2025. The Rs 8,750.00 crore IPO has set the price band at Rs 675-Rs 708 per equity share. Investors will be eligible for applying for a minimum of 21 equity shares and its multiple thereafter. Minimum investment amount essential by retail investors will be Rs 14,868. Meanwhile, the minimum lot size investment for sNII or small non-institutional investor will be 14 lots or 294 shares worth Rs 2,08,152 and for bNII or big non-institutional investors, it will be 68 lots or 1428 shares worth Rs 10,11,024.
The IT solution firm’s IPO will be entirely an offer for sale (OFS) of 12.36 crore shares.
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 Latest GMP
The latest GMP of the issue is reportedly Rs 19 as per latest update available at 7 pm today. With the price band of Rs 708.00, the IPO’s likely listing price is Rs 727 per equity share (cap price + latest GMP). The likely percentage of gain/loss per share is 2.68%, according to investorgain.com
Hexaware Technologies IPO Book Running Lead Managers
It is worth mentioning that book running lead managers of the IPO are 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.
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