365Telugu.com online news, National, February 7th, 2025: Hexaware Technologies Limited is set to launch its highly anticipated Initial Public Offering (IPO) on Wednesday, February 12, 2025.
The three-day bidding process will conclude on Friday, February 14, 2025, with the Anchor Investor Bidding Date scheduled for February 11, 2025.
The price band for the IPO has been fixed between ₹674 and ₹708 per equity share, with investors required to bid for a minimum of 21 shares and in multiples thereafter. The offering comprises an Offer for Sale (OFS) of shares worth ₹8,750 crore by CA Magnum Holdings, the promoter selling shareholder.
The IPO follows the Book Building Process as per SEBI (ICDR) Regulations, with allocations planned as follows:
- Qualified Institutional Buyers (QIBs): Up to 50% of the net offer, with up to 60% of the QIB category reserved for Anchor Investors.
- Non-Institutional Investors (NIIs): At least 15% of the net offer, with separate sub-categories for bids ranging from ₹2 lakh to ₹10 lakh and those exceeding ₹10 lakh.
- Retail Individual Investors (RIIs): At least 35% of the net offer.
- Eligible Employees: A portion of shares will also be reserved under the Employee Reservation Portion.
Investors (excluding Anchor Investors) must apply via the Application Supported by Block Amount (ASBA) process, with funds blocked in their respective bank accounts until the allotment process is completed.
The equity shares of Hexaware Technologies Limited are proposed to be listed on both the BSE (Bombay Stock Exchange) and NSE (National Stock Exchange).
The IPO is being managed by Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited, HSBC Securities and Capital Markets (India) Private Limited, and IIFL Capital Services Limited as the Book Running Lead Managers (BRLMs).