Hexaware Technologies IPO Day 1 Live Updates: IT services firm Hexaware Technologies Ltd is set to launch its initial public offering (IPO) on February 12, with a price range established at ₹674-708 per share. Hexaware IPO, which will conclude on February 14, consists entirely of an offer-for-sale of equity shares valued at ₹8,750 crore by its promoter, CA Magnum Holdings, which is affiliated with the Carlyle Group.
Investors have the option to bid for a minimum of 21 shares and in subsequent multiples. The company successfully secured Rs. 2,598 crores from anchor investors at ₹708 per equity share, according to an exchange announcement.
Hexaware Technologies is an international company specializing in digital and technology services, with artificial intelligence (AI) fundamental to its operations and a diverse clientele that includes 31 Fortune 500 firms. It caters to clients across the Americas, Europe, and the Asia-Pacific region, which encompasses India and the Middle East.
The firm organizes its operations into six segments: financial services, healthcare, and insurance; manufacturing and consumer goods; high-tech and professional services; banking; and travel and transportation.
Stay tuned for more updates
Hexaware Technologies IPO GMP or Hexaware IPO grey market premium is +3.5. This indicates Hexaware Technologies share price were trading at a premium of ₹3.5 in the grey market on Tuesday, according to investorgain.com.
Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Hexaware Technologies share price was indicated at ₹711.5 apiece, which is 0.49% higher than the IPO price of ₹708.
Based on the latest analysis of grey market activities, today’s IPO GMP is showing a downward trend and is expected to decline further. The minimum GMP stands at ₹3.50, while the maximum is at ₹19, according to insights from experts at investorgain.com.
‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
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