Hexaware Technologies IPO: 10 key points to consider before ₹8,750 crore offer opening

Hexaware Technologies IPO: The initial share sale of Hexaware Technologies will open for subscription on Wednesday, February 12. The price band is ₹674 to ₹708 per equity share. The company's shares will make their stock exchange debut on February 19.

Hexaware Technologies IPO: 10 key points to know

• Hexaware Technologies IPO subscription period: The public offer will open on February 12 and close on February 14.
• Anchor investors' bidding: The bidding for anchor investors will be open for a day on February 11.
• IPO offer structure: The book-built issue is exclusively an offer for sale (OFS) of 12.36 crore shares.
• Hexaware Technologies IPO price band: The price range has been fixed at ₹674 to ₹708 per share.
• Reservation: The company has set aside 50% of the net offer for qualified institutional buyers (QIBs), 35% for retail investors and the remaining 15% for non-institutional investors.
• Hexaware Technologies IPO lot size: Interested investors can apply for at least 21 shares, requiring an investment of ₹14,868.
• Objectives: As it is completely an OFS, the money raised will go to the selling shareholders. The company will not receive any proceeds from the public issue.
• Book-running lead manager and registrar: Kotak Mahindra Capital Company Ltd, JP Morgan India Pvt Ltd, HSBC Securities & Capital Markets Pvt Ltd, Citigroup Global Markets India Pvt Ltd and IIFL Securities Ltd are the issue's book running lead managers, while Kfin Technologies Ltd is the registrar.
• Hexaware Technologies IPO allotment date: The basis of allotment is expected to be finalised on February 17.
• Hexaware Technologies IPO listing date: The company's equity shares will be listed on the BSE and the NSE on February 19.

Hexaware Technologies provides digital and technological services with artificial intelligence (AI) at its core. It uses technology to offer innovative solutions to help customers' digital transformation journey.