Hexaware Technologies IPO will open its issue to investors for bidding on February 12. The company aims to raise Rs 8,750 crore from the primary markets. Here are the 6 things to keep in mind before bidding for the IPO.
Hexaware Tech IPO: Type of offer
The issue is entirely an offer for sale of 12.36 crore shares. This means that the raised money will go to the selling promoters and other shareholders, not a single penny raised will be used for the company.
Hexaware Tech IPO: Allotment and listing date
The issue will open to retail and non-institutional investors on February 12. It will close on February 14. Investors can bid for Hexaware Technologies in a range of Rs 674 to Rs 708 per equity share. The allotment of shares to the investors will be finalised on February 17. Hexaware Technologies is expected to list on the bourses – BSE and NSE – on February 19, as per the tentative schedule.
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The private equity firm Carlyle Group invested $3 billion in Hexaware Technologies in November 2021.
Hexaware Technologies IPO: Minimum investment required
A retail investor needs to bid for at least a lot of 21 shares. The minimum amount of investment required by retail investors is Rs14,868. There are different lot sizes for small and big NIIs. The minimum lot size investment for a small NII is 14 lots of 294 shares, amounting to Rs 2.08 lakh. For a big NII, it is 68 lots of 1,428 shares, translating to Rs 10.11 lakh.
Hexaware Technologies IPO: Employee discount
The employees of Hexaware Technologies will be able to apply for IPO shares at a discount of Rs 67 to the issue price.
Hexaware Technologies IPO: About Hexaware Technologies
Hexaware Technologies is in the business of information technology and business process outsourcing services. The organization leverages technology to provide creative solutions,
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