Hexaware Sets IPO Price Band at ₹674-₹708 Per Share:

The initial public offering (IPO) launch of Hexaware Technologies Ltd will begin its subscription period on February 12 with a specified share price range between Rs 674 and Rs 708.

The organization has booked February 11 for anchor bidding proceedings and the issue will end its subscription window on February 14. The basis of allotment will be declared on February 17 before starting refunds through stock credits of equity shares on February 18. Hexaware Technologies will list its shares on the exchanges on February 19.

The initial public offering features an entirely offer-for-sale scheme for promoter CA Magnum Holdings which is a subsidiary of Carlyle Group Inc through its Rs 8,750 crore share distribution. OFS size for the upcoming offering stood at Rs 9,950 crore but the promoters have changed this to Rs 8,750 crore. Hexaware reports that CA Magnum possesses 95.03 percent ownership of the company.

Hexaware delivers its services to six main sectors including financial services alongside healthcare and insurance services and manufacturing with consumer segments as well as Hi-Tech professional services together with banking solutions and travel with transportation services.

For FY24 Hexaware demonstrated an increase of 12.8 percent in its profit and revenue which amounted to Rs 997.6 crore and Rs 10,380.3 crore compared to the previous fiscal year. Profit during the initial six months of FY25 increased by 6 percent up to Rs 853.3 crore and revenue expanded by 13.6 percent to Rs 8,820 crore as compared to the corresponding period in the previous year.

Through Kotak Mahindra Capital Company and Citigroup Global Markets India, JP Morgan India, HSBC Securities and Capital Markets (India) and IIFL Capital Services as book-running lead managers they will handle the IPO process.