Market News
2 min read | Updated on February 18, 2025, 15:34 IST
SUMMARY
Hexaware Tech IPO Listing Date: The issue is exclusively an offer-for-sale (OFS) of shares worth ₹8,750 crore by Carlyle Group's CA Magnum Holdings. Since it is solely an OFS, the entire IPO proceeds will go to the selling shareholder. The company will not get any funds.
Hexaware Technologies provides digital and technology services. | Image: X/@HexawareGlobal
The initial public offer, with a price band of ₹674 to ₹708 per share, got bids for 24,28,44,966 shares against 9,14,23,354 equity shares on offer, translating to 2.66 times subscription.
Category | Number of Times Subscription |
---|---|
Qualified Institutional Buyers (QIBs) | 9.09 |
Non-institutional Investors | 20% |
Retail Individual Investors (RIIs) | 11% |
Total | 2.66 |
The issue is exclusively an offer-for-sale (OFS) of shares worth ₹8,750 crore by Carlyle Group's CA Magnum Holdings.
Since it is solely an OFS, the entire IPO proceeds will go to the selling shareholder. The company will not get any funds.
The listing of Hexaware Technologies shares on the National Stock Exchange (NSE) and the BSE (formerly Bombay Stock Exchange) will occur on Wednesday, February 19, at 10 am.
In the financial year 2022-23 (FY23), the company posted a 12.83% increase in its revenue from operations to ₹10,380.3 crore, as against ₹9,199.6 crore in the previous fiscal year.
The company's net profit surged 12.82% to ₹997.6 crore in FY23, compared to ₹884.2 crore in FY22.
For the nine months ended September 2024, the net profit and revenue stood at ₹853.3 crore and ₹8,820 crore, respectively.
Hexaware Technologies provides digital and technology services, specialising in AI-driven solutions.
Related News
About The Author
Next Story