Ajax Engineering, Hexaware Technologies and 6 SME IPOs to open this week. Check details – Street Ready
Hexaware Technologies will launch its Rs 8,750-crore IPO with a price band of Rs 674-708 per share. The IPO is a pure offer for sale (OFS), with promoter Carlyle offloading its stake. The IPO will open for public subscription from Wednesday, February 12 to Friday, February 14.
This will be the largest IPO by an Indian IT services company, surpassing TCS’s Rs 4,713 crore offering in 2004. Hexaware is returning to Dalal Street after five years, having delisted in September 2020 when its promoters accepted a delisting price of Rs 475 per share.
