It is very difficult to guess when the company will climb up in the Indian stock market and when it will become a bitter. The market is running at its move. Sometimes he lives in greenery, sometimes it is stopping by disappointment to investors. Dalal Street looked full red on the last business day i.e. Friday. The Sensex fell 0.25 per cent to close at 77,860.19 points. But in the midst of all this, there will be a beauty in the market next week, because the 20 -year -old record in the market will be broken. The record of Ratan Tata company Tata Consultancy Services will collapse. In fact, on February 12 next week, the country's largest IT sector IPO is going to come in the market, whose issue is from the issue size of Sisti TCS. The name of the company that brings this IPO is Hexavier Technology. Let us tell you the complete details of this IPO.
The upcoming week is going to be special for the IT sector because on February 12, the Mumbai -based IT company Hexavire Technologies in the market is bringing its IPO to the market, which will be the largest IPO, the IT sector. Its issue size is almost double the IPO of TCS in 2004. While the size of TCS IPO was Rs 4,713 crore, Hexavier Technologies are going to raise Rs 8,750 crore from their IPO.
The IPO of Hexavier Technologies will open in the market on February 12 and investors will be able to bid in this IPO by 14 February. The company is going to raise 8,750 crore through IPO, for which the company has fixed the price band of the IPO at Rs 674-708 per share. This IPO is fully based on OFS, in which Promoter Carlile is selling its stake. After the IPO, Carlile's stake will decrease from the current 95 per cent to 74.1 per cent. Retail investors can bid for at least 21 shares in this issue, for which they will need at least Rs 14,868.
If we talk about the GMP of Hexaware, then it is currently running 11 rupees. This means that this IPO can be listed at its Rs 719, which will be a listing gain of about one and a half percent. At the same time, if we look at the company, the hexaware is returning to Dalal Street after five years. After the delisting in September 2020, when its promoters accepted the delisting price of Rs 475 per share, after which the company is now ready to make a record in the IPO market.
