Hexaware Tech Makes Muted Debut In Stock Market, Check Share Price Here

The company’s initial public offering was available for subscription from February 12 to 14, 2025. The issue was priced in the range of Rs 674 to Rs 708 apiece.

The company also raised Rs 2,598 crore from anchor investors.

Source : Upskillist

Hexaware Technologies started trading in the stock market on Wednesday, February 19, after seeing a bumper subscription of over 2 times to the issue in the primary market last week. However, the firm's listing debut didn't reflect the enthusiasm it received during bidding.

On Wednesday, the company's shares began their stock market journey with a muted premium. On the NSE, the firm listed at Rs 745.50 apiece, clocking a premium of 5.3 per cent against the issue price, while on the BSE, it started trading at Rs 731 per share, registering a premium of 3.25 per cent. 

As markets progressed, the company's shares rallied ahead. Around 11:39 AM, the shares of the company traded at Rs 755 apiece on the BSE and Rs 753.50 per share on the NSE. 

Hexaware Tech IPO

The company’s initial public offering was available for subscription from February 12 to 14, 2025. The issue was priced in the range of Rs 674 to Rs 708 apiece. Investors were able to place their bids for a minimum of 21 equity shares and in multiples of thereafter.

The IPO comprised only an offer-for-sale (OFS) component worth Rs 8,750 crore. The firm is backed by Carlyle, a private equity firm in the US, and specialises in digital and technology services rooted in artificial intelligence (AI). The company also raised Rs 2,598 crore from anchor investors.

The proceeds raised from the issue would be utilised by the promoter, CA Magnum, apart from expenses related to the offer. The book-running lead managers of the issue were Citigroup Global Markets India, J P Morgan India, HSBC Securities and Capital Markets (India), IIFL Capital Services, and Kotak Mahindra Capital Company.

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