Hexaware Technologies IPO opens Feb 12: Price band set at ₹674-₹708 per share; check lot size, financials and key dates

Hexaware Technologies IPO: The ₹8,750 crore initial public offer of Hexaware Technologies has fixed a price band of ₹674 to ₹708 per equity share. The issue will be open for subscription from February 12 to February 14.

The book-built initial share sale is exclusively an offer-for-sale (OFS) of 12.36 crore shares by promoter CA Magnum Holdings, a Carlyle Group Inc's subsidiary. There is no fresh issue component.

As it is completely an OFS, the IT service management company will not receive any proceeds from the issue. The funds generated will go to the selling shareholder.

The bidding for anchor investors will be open for a day on Tuesday, February 11.

Hexaware Technologies IPO lot size

Investors can apply for at least one lot, consisting of 21 shares. The minimum investment needed is ₹14,868. For small non-institutional investors (sNII), the minimum investment is ₹2,08,152 for 14 lots. The big NII (bNII) can apply for at least 68 lots worth ₹10,11,024.

The company has set aside 50% of the net offer for qualified institutional buyers (QIBs), 35% for retail individual investors (RIIs), and 15% for NIIs.

The book-running lead managers for the issue are Kotak Mahindra Capital Company Limited, JP Morgan India Private Limited, HSBC Securities & Capital Markets Pvt Ltd, Citigroup Global Markets India Private Limited, IIFL Securities Ltd, while KFin Technologies is the registrar.

Hexaware Technologies IPO: Allotment and listing date

About Hexaware Technologies

Hexaware Technologies, according to its red herring prospectus, is a global digital and technology services firm with artificial intelligence or AI at its core. The company leverages technology to provide innovative solutions that help its customers in their digital transformation journey.

The company operates in six business segments. They are

• Financial services
• Healthcare and insurance
• Hi-tech and professional services
• Manufacturing and consumer
• Banking
• Travel and transportation

Hexaware Technologies financials

The company's consolidated net profit increased 12.8% to ₹997.6 crore in the financial year 2023-24 (FY24), compared to ₹884.2 crore in the previous fiscal.

Revenue from operations also surged 12.8% to ₹10,380.3 crore in FY24 as against ₹9,199.6 crore in FY23.

For the nine months ended September 2024, revenue and net profit stood at ₹8,820 crore and ₹853.3 crore, respectively.