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Carlyle-backed Hexaware Technologies IPO opens: Subscription and other details

The Hexaware Technologies IPO comes with a price band of ₹675-708 per share and a target of raising ₹8,750 crore for the company’s re-listing.

Published on: Feb 12, 2025 04:32 PM IST
By HT News Desk
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Initial Public Offering (IPO) of Hexaware Technologies Ltd got a slow start on its opening day, getting just 1% subscription as of 12.30pm, Bombay Stock Exchange (BSE) data showed.

The IPO is valued at over ₹43,000 crore at the upper price band
The IPO is valued at over ₹43,000 crore at the upper price band

According to the BSE, it received a bid for 11,69,259 shares against 9,14,23,354 shares on offer.

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The retail investor portion received 2% subscription while the non-institutional investors quota was booked 1%, and the qualified institutional buyers (QIBs) part is yet to be booked. Employees' portion has been subscribed 6%.

The IPO closes on February 14. It comes with a price band of ₹675-708 per share, with a target of raising ₹8,750 crore for the company’s re-listing on the BSE and NSE.

The IPO is valued at over ₹43,000 crore at the upper price band. It is entirely an offer-for-sale (OFS) by its promoter, CA Magnum Holdings, a Carlyle Group entity, which holds a 95.03% stake in the firm.

Retail investors have a minimum bid size of 21 shares (Rs14,868), with multiples up to 273 shares ( ₹1,93,284). Meanwhile, small HNIs can bid for at least 294 shares ( ₹2,08,152) and a maximum of 1,407 shares ( ₹9,96,156), while big HNIs must bid for at least 1,428 shares ( ₹10,11,024).

The allotment of shares is scheduled for February 17, followed by refunds and demat credits on Tuesday, February 18. The company's shares will debut on the BSE and NSE on February 19.

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Hexaware Technologies specialises in data & AI, cloud services, and automation-driven solutions for 31 Fortune 500 companies across the Americas, Europe, and Asia-Pacific, spanning sectors like financial services, healthcare & insurance, manufacturing & consumer, hi-tech & professional services, banking, and travel & transportation.

 
ABOUT THE AUTHOR
HT News Desk

Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.

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