Hexaware Technologies sets price band of Rs674-708 a share for IPO

Hexaware Sets IPO Price Band at Rs 674-708 per Share. Expert Analysis: IPO Price Band: Hexaware Technologies Ltd has set its IPO price band at Rs 674-708 per share, with subscriptions opening on February 12. Anchor Bidding & Subscription Dates: The anchor bidding process starts on February 11, with the issue closing on February 14. Allotment & Stock Debut: The basis of allotment will be decided on February 17, with refunds and credit of equity shares on February 18. The stock will debut on February 19. Offer-for-Sale (OFS) Details: The IPO will be an entirely offer-for-sale (OFS) of shares worth Rs 8,750 crore by promoter CA Magnum Holdings, a subsidiary of Carlyle Group Inc. Revised OFS Size & Stakeholder Info: The OFS size has been reduced from the earlier proposed Rs 9,950 crore. CA Magnum currently holds a 95.03% stake in Hexaware. FY24 Financial Performance: Profit and revenue grew by 12.8% in FY24 to Rs 997.6 crore and Rs 10,380.3 crore, respectively, compared to the previous fiscal. FY25 Half-Year Performance: For H1 FY25, profit rose by 6% to Rs 853.3 crore, with revenue increasing by 13.6% to Rs 8,820 crore. IPO Lead Managers: The IPO is managed by Kotak Mahindra, Citigroup, JP Morgan, HSBC, and IIFL Capital Services as book-running lead managers.