Kolkata: Hexaware Technologies IPO, the biggest public issue to be floated this calendar year so far, intends to raise as much as Rs 8,750.00 crore. It dwarfs all other public issues this year so far. However, it consists of only an offer for sale (OFS) and has managed to garner applications that are 16% of the intended target amount on the first two days of the three-day bidding process. Bidding ends on February 14, while the date of allotment of shares is February 17. Listing will take place in both BSE and NSE on February 19. However, Hexaware Technologies collected as much as Rs 2,598 crore from high profile anchor investors.
Hexaware Technologies was set up in 1992. It operates in the sphere of offering global digital and technology services with artificial intelligence. It offers innovative solutions, integrating AI which are designed to enable customers adapt, innovate, and improve in the AI-driven world. Hexaware owns offshore delivery centers in Chennai, Pune, Bengaluru, Noida and Sri Lanka. It has planned expansion into Tier 2 cities.
Hexaware Technologies IPO GMP, subscription level
Hexaware Technologies IPO last GMP was recorded at Rs 2 on February 13 and 14 morning according to investorgain. Since the upper end of the price band of the shares is 708, the GMP translates into a listing gain of 0.28%. The GMP climbed own from Rs 3 recorded on February 12, the first day of bidding. However, it has to be remembered that GMP is only an unofficial indicator which changes with time. It also does not guarantee any listing gain or loss. Till the evening of February 13, the subscription level was recorded at 0.16 times — 0.07 times in the retail category, 0.41 times in QIB, and 0.03 times in the NII category.
Hexaware Technologies IPO allotment, refund dates
The price band of Hexaware Technologies IPO was set at Rs 674-708. The allotment of Hexaware Technologies shares will take place on February 17, 2025. Unsuccessful bidders, if any, will get refund of their application money on February 18. Shares will be credited to the demat accounts of successful applicants on that day only.
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Hexaware Technologies IPO, which is supposed to raise Rs 8,750.00 crores, is the largest issue so far in 2025. However, if subscription level and GMP (Grey Market Premium) are any indicator, it has triggered tepid response among investors in the first two days of the bidding process. Its GMP dipped to Rs 2 and the subscription level stood at 0.16 times of the target amount. Its price band is Rs 674-708 and it consist of only OFS shares. Today is the last day to bid. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
