Hexaware Technologies raises Rs 2,598 crore from anchor investors ahead of IPO
Hexaware Technologies has raised Rs 2,598 crore from anchor investors ahead of its IPO, which opens for subscription today and closes on February 14. The company informed the bourses that it allocated 3.66 crore shares at Rs 708 apiece, the upper price band.
Of the total 3,66,94,914 equity shares allotted to anchor investors, 1,31,55,849 shares (35.85% of the anchor allocation) were allotted to 15 domestic mutual funds across 34 schemes. Additionally, domestic mutual funds subscribed to approximately 52.61 lakh shares, making up 24% of the anchor book.
Key investors in the anchor round include SBI MF, HDFC MF, Axis MF, ICICI Prudential MF, Kotak Mahindra MF, UTI MF, Mirae AMC, HSBC MF, Fidelity Funds, Abu Dhabi Investment Authority, Goldman Sachs Funds, J.P. Morgan Funds, ICICI Prudential Life Insurance, and CLSA Global Markets.
Also Read: Stocks in news: HAL, Ashok Leyland, Vodafone Idea, IRCTC, TVS Motor
What is Hexaware Technologies’ IPO price band?
The company has set a price band of Rs 674-708 per share, with a minimum lot size of 21 shares, and bids to be placed in multiples thereafter.
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