IT companies agency Hexaware Applied sciences Ltd will launch its preliminary public providing (IPO) on February 12, with the value band mounted at ₹674-708 per share. Hexaware Applied sciences has raised ₹2,598 crore from 96 institutional buyers by way of anchor e-book on February 11, a day earlier than the problem opening.
The IPO, which is able to 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 personal fairness main Carlyle Group.
Buyers can bid for no less than 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 robust fundamentals and technology-driven progress technique will appeal to buyers,” its CEO Srikrishna Ramakarthikeyan instructed 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 problem.
The corporate’s shares can be listed on the BSE and NSE.
Hexaware Applied sciences is a world digital and expertise companies firm with synthetic intelligence (AI) at its core and having a various vary of consumers, together with 31 of the Fortune 500 organizations. It serves clients throughout the Americas, Europe and Asia-Pacific (together with India and Center East).
The corporate manages its enterprise by way of six working segments — monetary companies, healthcare and insurance coverage; manufacturing and client; Hello-tech {and professional} companies; banking, and journey and transportation.
