Get ready for a new opportunity to invest! Hexaware Technologies, an IT services firm, is launching its Initial Public Offering (IPO) during Valentine's week, aiming to raise a whopping ₹8,750 crore. Think of an IPO as Hexaware giving everyone a chance to own a piece of their company. It's like they're saying, "Be our Valentine, and become a shareholder!"
What's the Deal?
From February 12 to February 14, you can apply to buy Hexaware's shares at a price between ₹674 and ₹708 per share. The minimum investment for retail investors is ₹14,868 for 21 shares. It's like buying a box of chocolates, but instead of sweets, you get a share in a company!This IPO is entirely an offer for sale (OFS), meaning the company won't issue new shares. Instead, the promoter CA Magnum Holdings, which is part of the Carlyle Group, will sell some of its existing shares.
Why is This IPO Happening?
Hexaware, acquired by Carlyle Group Inc. in 2021, provides services like IT, cloud computing, data analytics, and artificial intelligence solutions. The company has been doing well, with 62% of its revenue coming from large companies.The proceeds from the IPO will go to the promoter selling the shares. After the IPO the shares of the company will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Important Dates to Remember
- IPO Opens: February 12, 2025
- IPO Closes: February 14, 2025
- Allotment Finalization: February 17, 2025
- Listing Date: February 19, 2025
How to Apply?
To apply for the Hexaware Technologies IPO, you need a Demat account. You can apply online through your broker's website or UPI handle. Make sure to complete the payment process to ensure your application is successful.
A Big Week for IPOs
Hexaware Technologies is one of nine IPOs launching this week. Other companies like Ajax Engineering are also offering their shares to the public. It's a busy time for the primary market, so do your research before investing. Hexaware Technologies' IPO is a chance to invest in a growing IT services firm. With a strong customer base and a wide range of services, Hexaware is looking to make a mark in the market. So, get ready to open your wallets and grab a piece of the action!
With inputs from agencies
Image Source: Multiple agencies
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