Hexaware Technologies has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise Rs 9,950 crore through an initial public offering (IPO). The initial share-sale of the company is a complete offer for sale (OFS) by promoter CA Magnum Holdings, part of Carlyle Group.
The company is aimed at achieving the benefit of listing equity shares on stock exchanges and carrying out OFS for the selling shareholder. Kotak Mahindra Capital Company, Citigroup Global Markets India, JP Morgan India, HSBC Securities and Capital Markets (India), and IIFL Securities are the book-running lead managers for the company's IPO. The equity shares are proposed to be listed on BSE and NSE.
Hexaware Technologies is a global digital and technology services company with artificial intelligence (AI) at its core and having a diverse range of customers, including 31 of the Fortune 500 organizations. It serves customers across the Americas, Europe and Asia-Pacific (including India and the Middle East).
| Company Name | CMP |
|---|---|
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| Infosys | 1318.60 |
| HCL Tech. | 1442.50 |
| Wipro | 204.35 |
| Tech Mahindra | 1511.85 |
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