
Upcoming IPO: Hexaware Tech To Open Issue For Public On Feb 12, Check GMP And Price Band Here
ABP NewsHexaware Technologies is all set to open its maiden offering for the public this week. About 50 per cent of the issue has been reserved for qualified institutional buyers, while the quota set aside for non-institutional investors stands at 15 per cent. Eligible employees taking part in the employee reservation segment will be provided a discount of Rs 67 per share, while equity shares worth up to Rs 900 million have been set aside for them, the company’s red herring prospectus revealed. The book-running lead managers of the issue are Citigroup Global Markets India, J P Morgan India, HSBC Securities and Capital Markets, IIFL Capital Services, and Kotak Mahindra Capital Company. Hexaware Tech GMP Today Currently, the issue is commanding a premium of 1.41 per cent in the grey market, according to IPOJi.
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