Ahmedabad: Hexaware Technologies Limited proposes to open an initial public offering of its equity share of the face value of ₹1 each on Wednesday, February 12, 2025. The Anchor Investor Bidding Date is one Working Day prior to Bid/Offer Opening Date, being Tuesday, February 11, 2025. The Bid/ Offer Closing Date is Friday, February 14, 2025, the company announced today.

As per the official statement of the company, “The Price Band of the Offer has been fixed from ₹ 674 per Equity Share to ₹ 708 per Equity Share. Bids can be made for a minimum of 21 Equity Shares and multiples of 21 Equity Shares thereafter. The initial public offering comprises an offer for sale of Equity Shares aggregating up to ₹ 8,750 crores by CA Magnum Holdings.”

The company statement also says, “All Bidders (other than Anchor Investors) shall mandatorily participate in this Offer through the Application Supported by Block Amount (“ASBA”) process, and shall provide details of their respective bank account, including UPI ID for UPI Investors in which the Bid Amount will be blocked by the SCSBs or the Sponsor Banks, as the case may be. Anchor Investors are not permitted to participate in the Offer through the ASBA process.”

“The Equity Shares of the Company are proposed to be listed on BSE Limited (“BSE”) and the National Stock Exchange of India Limited. Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited, HSBC Securities and Capital Markets (India) Private Limited and IIFL Capital Services Limited (formerly known as IIFL Securities Limited) are the Book Running Lead Managers (“BRLMs”) to the Offer,” the press statement further said.