Hexaware Technologies IPO: Navi Mumbai-Based Company To Launch Offer On February 12; Check Issue Size, GMP & Other Details Here
Hexaware Technologies, as the name suggests, is a tech company that currently dabbles in technological innovation, including the realm of Artificial intelligence (AI).
The Indian markets after the surge are coming down with some decline in their value. In these testing times, the season of IPOs brings out its new soldiers to test their mettle in the battlefield.
IPO is one of the most important aspects of the life of a company. Navi Mumbai-based Hexaware Technologies is all set to issue it offer on Wednesday, February 12.
A Little About The Company
Hexaware Technologies, as the name suggests, is a tech company that currently dabbles in technological innovation, including the realm of Artificial intelligence (AI).
The company was founded in 1992 and carries out services to assist clients in adapting, developing, and advancing in the AI-driven environment. The company integrates AI into its technology to provide creative solutions.
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The Number Game
The company has a book built issue of Rs 8,750.00 crore. The IPO shares have a face value of Rs 1 per share. It has a price band of Rs 674 to Rs 708 per share.
It has a total issue size of 12,35,87,570 shares, amounting up to Rs 8,750.00 crore.
Hexaware Technologies IPO's minimum retail bid for 1 lot, with a total of 21 shares amounts Rs 14,868. The minimum lot size for high-net-worth Individuals or HNIs, would be Rs 2,08,152 for 14 lots of 294 shares.
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Grey Market Premium
The Grey Market Premium or GMP, which usually indicates the level of enthusiasm for the IPO, as per Investograin stands at Rs 46. This GMP was last updated on February 6, at 09:54 AM.
Dates To Remember
The IPO will go up next week, on Wednesday, February 12. The offer will close in the same week on Friday, February 14. The basis of allotment will happen on Monday, February 17.
The shares will credited to Demat accounts on Tuesday, February 18.
The case of refunds would be dealt with on Tuesday, February 18. The tentative list of the IPO's listing on the NSE and the BSE is expected to transpire the week after that, on Wednesday, February 19
Additional Details
The company is based out of Mumbai's twin city of Navi Mumbai. It is located in Navi Mumbai's Mahape area, inside Millennium Business Park . The company is held by CA Magnum Holdings. The current promoter shareholding for Hexaware stands at 95.03 per cent.
In addition, the company also recorded revenue of Rs 8,871.3 crore in the quarter that ended in September. It also recorded Profit After Tax or PAT of Rs 853.3 crore in the same period.
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