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

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

6 Feb 2025

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Key Takeaways

Hexaware’s IPO, offering Rs 8,750 crore, reflects strong financial growth, with a revised offer size from Rs 9,950 crore.

Hexaware’s IPO, offering Rs 8,750 crore, reflects strong financial growth, with a revised offer size from Rs 9,950 crore.

Hexaware Technologies

Hexaware Technologies

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Expert Analysis

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.

Publisher:money control