The public issue of Hexaware Technologies will close today for public subscription.
The IPO, with a price band of ₹674-708, received bids for 1.38 crore shares against 9.14 crore shares on offer.
The minimum lot size for an application is 21.
This will be the largest IPO in IT services, larger than Tata Consultancy Services’ ₹4,713 crore IPO in 2004.
Hexaware Technologies has raised ₹2,598 crore from anchor investors at ₹708 a share, ahead of the IPO.
Of the total allocation of 3,66,94,914 equity shares to the anchor investors, 1,31,55,849 equity shares (i.e. 35.85 per cent of the total allocation to Anchor Investors) were allocated to 15 domestic mutual funds through a total of 34 schemes.
Some of the leading names like SBI MF, HDFC MF, AXIS MF, ICICI Prudential MF, Kotak Mahindra MF, Aditya Birla Sun Life MF, UTI MF, Mirae AMC, HSBC MF, Motilal Oswal AMC, Fidelity Funds, Abu Dhabi Investment Authority, Goldman Sachs Funds, J P Morgan Funds, T Rowe Price Fund, Amundi Funds, Franklin Templeton Investment Funds, Bajaj Allianz Life Insurance, ICICI Prudential Life Insurance, CLSA Global Markets, 3P India Equity Fund, Axis Max Life Insurance, Bharti Axa Life Insurance etc. were allocated shares.
Hexaware Technologies is an IT firm specialising in global digital and AI-driven services, focusing on industries such as financial services, healthcare, manufacturing, and travel. Founded in 1992, it operates 39 centers worldwide and offers AI-powered platforms, including RapidX (digital transformation), Tensai (automation), and Amaze (cloud adoption). Its services include digital transformation, IT operations optimization, data and AI insights, Gen AI-powered business processes, and cloud integration. The company is expanding its presence in Tier 2 cities like Ahmedabad, Tamil Nadu, Uttarakhand, Dehradun, and other locations.
The objective of the issue is to improve the company’s visibility, strengthen its brand presence in the market, and offer liquidity to existing shareholders.
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Hexaware Technologies IPO: Last day to subscribe
Hexaware Technologies IPO closes with muted response, offering ₹8,750 crore with price band of ₹674-708.
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