IT companies agency Hexaware Applied sciences Ltd will launch its preliminary public providing (IPO) on February 12, with the worth band mounted at ₹674-708 per share. Hexaware Applied sciences has raised ₹2,598 crore from 96 institutional buyers by way of anchor guide on February 11, a day earlier than the problem opening.
The IPO, which is able to shut on February 14, is a whole offer-for-sale of fairness shares value ₹8,750 crore by promoter CA Magnum Holdings, a part of personal fairness main Carlyle Group.
Buyers can bid for at least 21 shares and in multiples thereafter.
The anchor investor bidding will happen on February 11.
“The IPO marks a big milestone in Hexaware’s journey. We’re assured that our robust fundamentals and technology-driven progress technique will entice buyers,” its CEO Srikrishna Ramakarthikeyan advised reporters at a press convention right here on Monday.
Kotak Mahindra Capital, Citigroup, J.P. Morgan, HSBC, and IIFL Capital are the lead managers to the problem.
The corporate’s shares will likely be listed on the BSE and NSE.
Hexaware Applied sciences is a worldwide digital and expertise companies firm with synthetic intelligence (AI) at its core and having a various vary of shoppers, together with 31 of the Fortune 500 organizations. It serves clients throughout the Americas, Europe and Asia-Pacific (together with India and Center East).
The corporate manages its enterprise by way of six working segments — monetary companies, healthcare and insurance coverage; manufacturing and shopper; Hello-tech {and professional} companies; banking, and journey and transportation.
