New Delhi, Feb. 11 -- Hexaware Technologies Ltd, a global digital and technology services company backed by the Carlyle Group, is set to make a grand re-entry into the Indian stock market with a Rs.8,750 crore (about $1 billion) initial public offering (IPO).

anticipated IPO, which opens on 12 February and closes on 14 February, marks the company's return to the public market after it was taken private in 2020. The offering is expected to be India's largest IT IPO since Tata Consultancy Services Ltd (TCS) debuted on the public markets in 2004 with a Rs.4,713 crore issue.

Hexaware's IPO price band has been set at Rs.674-708 per share. The entire offering will be an offer for sale (OFS) by the promoter, CA Magnum Holdings, a subsidiary of...