Hexaware files DRHP for Rs 9,950-crore IPO
Hexaware Technologies has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise ₹9,950 crore through an initial public offering (IPO). The IPO will entirely be an offer for sale from CA Magnum Holdings, an affiliate of private equity firm Carlyle Group.
Hexaware is a global digital and technology services company with artificial intelligence (AI) at its core. It offers five broad services — design & build, secure & run, data & AI, optimise, and cloud services. Hexaware was delisted from the Indian bourses in 2020.
The company reported a profit after tax of ₹997.6 crore for the year ended December 31, 2023, compared to a profit of ₹884.2 crore a year ago. Revenue from operations grew by 12.8% in CY23 to ₹10,380.3 crore, from ₹9,199.6 crore in CY22.
Kotak Mahindra Capital, Citigroup Global Markets India, JPMorgan India, HSBC Securities and Capital Markets (India) and IIFL Securities are the book-running lead managers for the issue.
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