IT services firm Hexware Technologies Limited will launch its initial public offer (IPO) on February 12, in which the price band was fixed 674-708 per share. Hexware technologies have raised 2,598 crore from 96 institutional investors through anchor book on 11 February, a day before the opening of this issue.
The IPO, which will be closed on February 14, is a full offering of equity shares. 8,750 crore by promoter CA Magnum Holdings, part of Private Equity Head Carlile Group.
Investors can bid in minimum 21 shares and then multiples.
Anchor investor bid will be on 11 February.
“There is an important milestone in the trip to IPO hexware. We are confident that our strong basic things and technology-run development strategy will attract investors,” its CEO Srikrishna Ramkarthaikeyan told reporters at a press conference on Monday.
Kotak Mahindra Capital, Citigroup, JP Morgan, HSBC and IIFL Capital are the leading manager of the issue.
The company shares will be listed on BSE and NSE.
Hexware Technologies at its core is a global digital and technology service company with Artificial Intelligence (AI) and a diverse category of customers including 31 of Fortune 500 organizations. It serves customers in America, Europe and Asia-Pacific (including India and Middle East).
The company manages its business through six operating segments – financial services, healthcare and insurance; Manufacturing and consumer; High-tech and professional services; Banking, and Travel and Transport.
