The ₹8,750-crore preliminary public providing (IPO) of Hexaware Applied sciences opens for subscription at present, February 12, 2025. The problem, priced within the vary of ₹674-708 per share, will shut on February 14. Buyers can bid for at least 21 shares per lot. All the IPO is a proposal on the market (OFS) by CA Magnum Holdings, part of the Carlyle Group, that means the proceeds will go to the promoter. Hexaware’s IPO has already raised ₹2,598 crore from anchor buyers, together with main mutual funds and international institutional gamers. This would be the largest IT companies IPO, surpassing Tata Consultancy Providers’ ₹4,713 crore providing in 2004.
