IT company Hexaware Technologies has applied for its IPO. The company is planning to raise Rs 9,950 crore from this public issue. This IPO will be the largest public issue in the IT sector in India.
The interesting fact in this issue of the company is that the company is re-entering the Indian stock market. In 2020, during the Corona period, the company had delisted at a low price, now it is preparing to enter the bull run. It is believed that the company is bringing this IPO at a valuation of $ 4 billion or more.
This IPO will be completely OFS
The second important thing in such a big IPO is that it will be completely OFS i.e. Offer for Sale. CA Magnum Holdings, which is a part of the American private equity company Carlyle Group, will sell its stake in this public issue. That is, the entire amount raised will go to the promoter. Some part will be reserved for the employees in this offer.
About the company…
Hexaware Technologies was bought by Carlyle Group from Baring Private Equity in 2021. Earlier, during the Corona period, when the stock market was in trouble, Baring Private Equity had delisted it. The company provides services related to IT, business process outsourcing, cloud computing, data analytics and artificial intelligence.
To handle such a large public issue, the company has appointed Kotak Mahindra Capital Company, Citigroup Global Markets, JP Morgan India, HSBC Securities and IIFL as book-running lead managers, while KFin will act as the registrar for the issue. The company’s shares will be listed on NSE and BSE.
