Hexaware Technologies Share Price Live Updates: Hexaware Technologies Ltd is poised to make its debut on the stock market today. Shares of Hexaware Technologies will be listed on both the BSE and NSE today. The initial public offering (IPO) for Hexaware Technologies Ltd was available from February 12 to 14, with the listing date being February 19.
Hexaware Technologies IPO achieved full subscription on the last day of bidding, concluding with a subscription rate of 2.66 times, bolstered by support from institutional buyers.
The segment allocated for Qualified Institutional Buyers (QIBs) saw a subscription rate of 9.09 times. The portion designated for Non-Institutional Investors recorded a subscription rate of 20 percent, while the Retail Individual Investors (RIIs) quota was subscribed at 11 percent.
Hexaware Technologies Ltd has raised ₹2,598 crore from institutional investors. Hexaware Technologies IPO price band has been set at ₹674-708 per share for its initial public offering (IPO). Valued at more than ₹43,000 crore at the highest end of the pricing spectrum, the company seeks substantial investment.
The primary share offering from the Mumbai-based company comprises a total Offer for Sale (OFS) of equity shares amounting to ₹8,750 crore from its promoter CA Magnum Holdings, which is affiliated with the Carlyle Group.
Hexaware’s public offering stands as the largest in the Indian IT services sector since Tata Consultancy Services’ IPO exceeding ₹4,700 crore over twenty years ago.
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Hexaware Technologies Share Price Live Updates: Here’s what Hexaware IPO GMP signal ahead of listing
Hexaware Technologies IPO GMP or Hexaware Technologies IPO grey market premium was ₹0, which meant shares were trading at their issue price of ₹708 with no premium or discount in the grey market according to investorgain.com
Today’s IPO GMP is pointing lower and is predicted to decline further based on the grey market activity over the last 14 sessions. Experts on investorgain.com say that the lowest GMP is ₹0.00 and the maximum is ₹19.
‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
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