Hexaware Technologies IPO: 10 Things to Know Before Investing

Hexaware Technologies IPO: 10 Key Points Before the ₹8,750 Crore Offer Opens

The initial public offering (IPO) of Hexaware Technologies is set to open for subscription on Wednesday, February 12. Here are 10 key points to consider before investing in this ₹8,750 crore offer.

Key Details of the Hexaware Technologies IPO

1. Subscription Period: The IPO will be open from February 12 to February 14.
2. Anchor Investors' Bidding: Bidding for anchor investors opens on February 11.
3. IPO Offer Structure: The IPO is exclusively an offer for sale (OFS) of 12.36 crore shares.
4. Price Band: The price range is fixed at ₹674 to ₹708 per equity share.
5. Reservation:
   • 50% of the net offer is reserved for qualified institutional buyers (QIBs).
   • 35% for retail investors.
   • 15% for non-institutional investors.
6. Lot Size: Investors can apply for a minimum of 21 shares, requiring an investment of ₹14,868.
7. Objectives: As it is an OFS, the proceeds will go to the selling shareholders, not the company.
8. Book-Running Lead Managers: Kotak Mahindra Capital Company Ltd, JP Morgan India Pvt Ltd, HSBC Securities & Capital Markets Pvt Ltd, Citigroup Global Markets India Pvt Ltd and IIFL Securities Ltd.
9. Registrar: Kfin Technologies Ltd.
10. Allotment Date: The basis of allotment is expected to be finalized on February 17.
11. Listing Date: The equity shares will be listed on the BSE and NSE on February 19.

About Hexaware Technologies

Hexaware Technologies provides digital and technological services with artificial intelligence (AI) at its core. It offers innovative solutions to help customers in their digital transformation journey.

Before you invest, make sure you have considered all these key points. The success of this IPO will depend on the market's appetite for technology stocks and investor confidence in Hexaware's future growth prospects.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

Categories: Hexaware IPO, IPO analysis, Stock Market News