Hexaware Technologies Ltd., backed by global investment firm Carlyle Group, has announced the price band for its upcoming initial public offering (IPO). The price range is set at ₹674 to ₹708 per share, with each share having a face value of ₹1.
Hexaware Technologies IPO Key Details:
- IPO Subscription Date: Opens on February 12, 2025, and closes on February 14, 2025.
- Price Band: ₹674 – ₹708 per share.
- Lot Size: Minimum 21 shares per lot.
- Retail Investor Reservation: 35% of the total offer.
- Non-Institutional Investor (NII) Reservation: 15%.
- Qualified Institutional Buyers (QIB) Reservation: 50%.
- Employee Discount: ₹67 per share for eligible employees.
- Anchor Investor Allocation: Scheduled for February 11, 2025.
Hexaware Technologies IPO Structure:
The IPO consists of an offer for sale (OFS), where existing shareholders are selling shares worth ₹8,750 crore. The major selling shareholder is CA Magnum Holdings, a company owned by Carlyle Group Inc. Earlier, the company planned to sell shares worth ₹9,950 crore, but the size has been reduced.
Allotment and Listing Timeline:
- Share Allotment Finalization: February 17, 2025.
- Refund Initiation: February 18, 2025.
- Shares Credited to Demat Accounts: February 18, 2025.
- Hexaware Technologies IPO Listing Date: February 19, 2025, on BSE and NSE.
The IPO proceeds will allow existing shareholders to exit and give new investors a chance to invest in the company. The company plans to strengthen its business by reducing debt, investing in new technologies, and expanding its global operations.
Hexaware Technologies is a global IT services company offering cloud solutions, enterprise applications, digital operations, and business process management.
With a well-structured IPO, attractive pricing, and a strong market position, Hexaware Technologies’ IPO is one of the most anticipated offerings in 2025. Investors should carefully analyze the company’s financials and future growth potential before making investment decisions.
