IT providers agency Hexaware Applied sciences Ltd will launch its preliminary public providing (IPO) on February 12, with the value band fastened at ₹674-708 per share. Hexaware Applied sciences has raised ₹2,598 crore from 96 institutional traders by way of anchor e book on February 11, a day earlier than the difficulty opening.
The IPO, which can shut on February 14, is an entire offer-for-sale of fairness shares price ₹8,750 crore by promoter CA Magnum Holdings, a part of non-public fairness main Carlyle Group.
Traders 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 sturdy fundamentals and technology-driven development technique will entice traders,” its CEO Srikrishna Ramakarthikeyan informed 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 difficulty.
The corporate’s shares will probably be listed on the BSE and NSE.
Hexaware Applied sciences is a worldwide digital and expertise providers 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 prospects throughout the Americas, Europe and Asia-Pacific (together with India and Center East).
The corporate manages its enterprise by six working segments — monetary providers, healthcare and insurance coverage; manufacturing and client; Hello-tech {and professional} providers; banking, and journey and transportation.
