Hexaware Technologies IPO is open for application, check all details including GMP and price band

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Hexaware Technologies IPO

Hexaware Technologies has fixed the price band for its IPO at Rs 674-708 per share. Its lot size is 21 shares.

 
Hexaware Technologies IPO is open for application

 

 

Hexaware Technologies IPO 

 

IT service provider Hexaware Technologies’ IPO opened for subscription on Wednesday (February 12). Bidding for Hexaware Technologies IPO will remain open till Friday (February 14). 

 
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Allotment of Hexaware Technologies IPO can be finalized on Monday (February 17). Shares of Hexaware Technologies can be listed on BSE and NSE on Wednesday, February 19, 2025. 
 
The company plans to return to D-Street after delisting from the exchanges in September 2020.

Hexaware Technologies’ IPO is worth Rs 8750 crore. This is the largest public issue of any Indian IT service company. 

 
 
Earlier, the giant IT company Tata Consultancy Services (TCS) had raised Rs 4,713 crore through its public issue in 2004.


Hexaware Technologies IPO Size

 
Hexaware Technologies’ IPO is based on an offer for sale (OFS) of 12.36 crore equity shares. 
 
According to the red herring prospectus (RHP) filed by the company, CA Magnum Holdings holds 577,604,202 equity shares, representing 95.03 percent of the company. 
 
CA Magnum Holdings is selling its partial stake through a public issue.
 

Hexaware Technologies IPO Price Band and Lot Size

 
Hexaware Technologies has fixed the price band for its IPO at Rs 674-708 per share. Its lot size is 21 shares. Thus, the investor needs to bid for a minimum of 21 shares or its multiple.
 
 
At the upper end of the price band, a retail investor would need Rs 14,868 to bid for one lot of Hexaware Technologies IPO, which comprises 21 shares. 
 
A retail investor can bid for a maximum of 13 lots or 273 shares with a maximum investment amount of Rs 1,93,284.
 

 

Grey Market Premium of Hexaware Technologies IPO
 
The unlisted shares of Hexaware Technologies were trading almost flat in the grey market before the market opened for application. 
 
According to sources tracking market activity, Hexaware Technologies shares were trading at Rs 711.5 in the grey market.
 
This represents a premium of only Rs 3.5 or 0.49 per cent over the upper price band of Rs 708.

 

 
 
Parameter Details
IPO Price Band ₹674 – ₹708 per share
Lot Size 21 shares
IPO Opening Date February 12, 2025
IPO Closing Date February 14, 2025
IPO Allotment Date February 17, 2025
Listing Date February 19, 2025
Total IPO Size ₹8,750 crore
Largest IT IPO Before This TCS IPO (₹4,713 crore in 2004)
Offer for Sale (OFS) Shares 12.36 crore shares
Major Shareholder CA Magnum Holdings (95.03% stake)
Retail Investor Minimum Investment ₹14,868 (21 shares)
Retail Investor Maximum Investment ₹1,93,284 (273 shares)
Grey Market Premium (GMP) ₹711.5 per share

 

 
 

FAQs Related to Hexaware Technologies IPO


What is the price band for Hexaware Technologies IPO?

The price band is set at ₹674-708 per share.


What is the lot size for this IPO?

The lot size is 21 shares.


When will the Hexaware Technologies IPO open and close?

The IPO will open on February 12, 2025, and close on February 14, 2025.


When is the IPO allotment date?

The allotment is expected to be finalized on February 17, 2025.


When will Hexaware Technologies be listed on stock exchanges?

The listing is scheduled for February 19, 2025, on BSE and NSE.

What is the total size of the IPO?

The total IPO size is ₹8,750 crore, making it the largest IT IPO in India.


What type of IPO is this?

This is an Offer for Sale (OFS), meaning existing shareholders are selling their stake.


Who is the major shareholder selling shares in this IPO?

CA Magnum Holdings, which holds 95.03% of the company, is selling a part of its stake.


How much does a retail investor need to invest at a minimum?

A retail investor needs a minimum of ₹14,868 to bid for one lot (21 shares).


What is the maximum investment allowed for a retail investor?

A retail investor can invest up to ₹1,93,284 (273 shares or 13 lots).


How was Hexaware Technologies performing in the gray market?

The gray market premium (GMP) was around ₹711.5 per share before the IPO opened.

Why is Hexaware Technologies returning to the stock market?

The company was delisted in September 2020 and is now making a comeback.
 
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