Hexaware Applied sciences IPO: Return to the inventory market after 5 years, difficulty will open on February 12; Value band additionally fastened – INA NEWS

Hexaware Applied sciences IPO: The general public difficulty of Hexavier Applied sciences, owned by the International Personal Fairness Investor Carlile Group, is scheduled to open on February 12. The worth band has additionally been fastened for this. Within the IPO of Rs 8,750 crore, cash will probably be placed on the worth of Rs 674-708 per share. The lot dimension is 21. The IPO will probably be closed on 14 February. It should open on 11 February for anchor buyers.

Hexavier applied sciences are in enterprise of world digital and know-how companies with Synthetic Intelligence. The corporate goes to return to the inventory market after 5 years. It grew to become a delist in September 2020. After the IPO, Carlile’s stake within the firm will lower from 95 % to 74.1 %.

Solely provide on the market in IPO

The IPO can have solely provide on the market (offs) of 12.36 crore shares price Rs 8,750 crore. Promoter Ca Magnum Holdings will maintain shares on the market. After withdrawing the price of IPO, the cash acquired from the IPO will go to CA Magnum Holdings. It’s a part of the Carlile Group Inc. The scale of the Offs was Rs 9,950 crore earlier. After the closing of the IPO, the allotment will probably be finalized on February 17 and the itemizing of shares will probably be on BSE, NSE on 19 February.

Hexaware Applied sciences iPO’s reserve half

50 % of the IPO is reserved for certified institutional consumers, 35 % for retail buyers and 15 % for non -institutional buyers. The corporate has reserved Rs 90 crore shares for its workers. Kotak Mahindra Capital Firm Restricted for Hexaware Applied sciences IPO, Citigroup International Markets India Personal Restricted, J.P. Morgan India Personal Restricted, HSBC Securities and Capital Markets Personal Restricted, IIFL Securities Restricted E book Operating Lead Supervisor. Caffeine Applied sciences Restricted is the Registrar for this difficulty.

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Firm’s monetary place

In FY 2023-24, the income of Hexavire Applied sciences elevated by about 34 % to Rs 10,389.1 crore, which was Rs 7,763.1 crore a yr in the past. In the meantime, the web revenue elevated by about 24 % to Rs 997.6 crore, which was Rs 804.8 crore in FY 2023. Income in April-September 2024 was Rs 8,871.3 crore and web revenue was Rs 853.3 crore.

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