Hexaware seeks Rs 8,750 crore in trimmed listing

Hexaware Technologies, backed by private equity major Carlyle Group, on Thursday fixed a price band of Rs 674-708 per share for its Rs 8,750-crore ($1 billion) initial public offering (IPO). This will be the largest IPO in the Indian IT services sector, surpassing Tata Consultancy Services’ Rs 4,713-crore issue in 2004.

The IPO will open for public subscription during February 12-14. The bidding for anchor investors will open for a day on February 11, the company said.