Hexaware Technologies is a global digital and technology services company, focusing heavily on artificial intelligence (AI).
They help businesses adopt and innovate through AI solutions. The company has several delivery centers in India (including Chennai, Pune, Bengaluru,
and Noida) and Sri Lanka, with plans to expand further. A new center will be set up in Ahmedabad.
By September 30, 2024, Hexaware aims to have 39 delivery centers and 16 offices across regions like the US, Europe, and APAC.
Hexaware’s IPO Details
Hexaware Technologies is opening its Initial Public Offering (IPO) on February 12, 2025. The IPO will raise Rs 8750 crore through the sale of 12.36 crore shares.
The price for each share will be between Rs 674 and Rs 708. Investors can buy a minimum of 21 shares for Rs 14,154. The IPO is divided into three parts:
1) 50% for qualified institutional buyers (QIBs)
2) 35% for retail investors
3) 15% for non-institutional investors
The IPO will close on February 14, 2025, with share allotment on February 17, 2025. Shares will be credited by February 18, 2025, and listed on BSE and NSE on February 19, 2025.
Additional IPO Details
Hexaware will not receive any funds from this offer as it is an offer for sale. Before the IPO starts, the Grey Market Premium (GMP) is Rs 3.5, slightly above the upper price band.
The highest GMP for this issue has been Rs 19.
The IPO is being managed by top companies like Kotak Mahindra Capital, Citigroup, J.P. Morgan, HSBC, and IIFL Securities. The registrar for this IPO is KFin Technologies Limited.
This IPO provides an exciting opportunity for investors interested in a technology company with a global presence.
