Shares of Hexaware Technologies Ltd began strongly on the exchanges on February 19, beginning the day at ₹745.5 per share on the NSE, a 5.3% premium over its issue price. On the BSE, the shares began the day at ₹731 per share, a 3.25% premium.
Following the addition, the market capitalization for Hexaware Technologies stood at ₹44,422.48 crore.
Hexaware Technologies IPO Details
- The company’s ₹8,750 crore IPO was open for subscription between February 12-14.
- The issue received a 2.66 times subscription, showing strong investor interest.
- The IPO had a price band of ₹674 – ₹708 per share.
- Hexaware raised ₹2,598 crore from anchor investors before the public issue.
Largest IT IPO in Two Decades
Hexaware Technologies’ IPO is the largest in India’s IT services sector since Tata Consultancy Services’ ₹4,700 crore IPO more than 20 years ago.
At the upper price band of ₹708 per share, the company is valued at over ₹43,000 crore, making it one of the most significant IT sector listings in recent years.
With a strong listing and market demand, Hexaware Technologies is expected to remain in focus among investors in the coming days.
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Source: Moneycontrol.
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