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, which consists of only an offer for sale (OFS) of 12.36 crore shares. However, it managed to attract applications that amounted to only 0.04 times of the target amount at the end of the first day of bidding February 12. However, the company collected as much as Rs 2,598 crore from anchor investors which included prominent names such as Singapore government and Monetary Authority of Singapore, SBI Mutual Fund (MF), ICICI Prudential MF, HDFC MF, Kotak MF and Aditya Birla Sun Life Insurance.
The process of bidding for Hexaware Technologies IPO began on February 12 and it will end tomorrow February 14, 2025. The allotment of Hexaware Technologies shares will take place on February 17, 2025, while the listing on BSE and NSE will take place on Wednesday, February 19.
Hexaware Technologies IPO GMP, price band
The price band of Hexaware Technologies IPO is Rs 674-708 and Hexaware Technologies IPO GMP stood at Rs 3 on February 13. Considering a price of Rs 708, the GMP (grey Market Premium) indicated a listing gain of only 0.42%. The GMP of this issue came down from a level of Rs 19 on February 6. However, it must be remembered that GMP is an unofficial gauge that changes with time and does not guarantee a listing gain or loss.
Hexaware Technologies IPO lot size, refund date, lead managers
The minimum investible lot for Hexaware Technologies IPO consists of 21 shares which entails an application money of Rs 14,868 considering the upper end of the price band. For an sNII investor, the minimum lot size is 294 shares that will cost him/her Rs 2,08,152. For the bNII category, it is 1,428 shares and Rs 10,11,024. Unsuccessful applicants will get back refund on February 18 and on the same day successful applicants will get shares in their demat account.
The lead managers of the issue are Kotak Mahindra Capital, Citigroup Global Markets, JP Morgan India, HSBC Securities & Capital Markets and IIFL Securities, while Kfin Technologies is the registrar for the issue.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds and crypto assets.)
Hexaware Technologies IPO, which is supposed to raise Rs 8,750.00 crores, is the largest issue so far in 2025. Its price band is Rs 674-708. However, the issue contains entirely of OFS shares and its GMP is only Rs 3. Bidding began on February 12 and will end on February 14. The date of allotment of shares is February 17 while the listing will take place on February 19. The issue was subscribed a miniscule 0.04 times at the end of the first day of bidding. But it collected Rs 2,598 crore from high profile anchor investors. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
