Hexaware Technologies Ltd. is set to return to Dalal Street after five years as the company has fixed the price band of its ₹8,750 crore IPO on Thursday, February 6.

The IT services provider has fixed the price band between ₹674 to ₹708 per share. The IPO will be a pure Offer For Sale as promoter Carlyle will be selling stake.

Hexaware’s IPO will open on February 12 and close on February 14.

Retail investors can bid for one lot of Hexaware’s shares in the IPO, which will include 21 shares and in multiples of that thereafter. One lot will entail a minimum investment of ₹14,868 per lot.

This will be the largest IPO by an Indian IT services company, surpassing TCS’s record in 2004, when it raised ₹4,713 crore.

Post the IPO, promoter Carlyle’s stake will be down to 74.1% from 95% currently.

At the higher end of the price band, Hexaware will have a market capitalisation of ₹43,247 crore.

Hexaware had delisted from the bourses in September 2020 when the company’s promoters accepted the delisting price of ₹475 per share.